Car Leasing: What is It? How Does This Work?
Leasing is one of the most popular ways to spread the cost of a new car. With leasing, you can get behind the wheel of a new car via smaller monthly payments, meaning you don’t need to find a large lump sum to drive something different. Leasing is something we offer here at Nunns of Grimsby, too, so get in touch today to find out more.
But what exactly is car leasing, how does it work, and is it the right fit for you? In this article, we’re going to be answering all of those questions and more.
How does leasing work?
Leasing - often referred to as Contract Hire - provides a great way of acquiring a brand new car for less initial outlay than paying for it up front. Essentially, you’ll pay an initial payment up front which can be as little as one month’s rental. You’re also able to pay a higher deposit if you’d like to bring down your monthly payments.
From there, you’ll pay monthly instalments until the end of the term, which will be agreed with your lender. Speak to our team here at Nunns of Grimsby, and we’ll be able to work out a plan which works for you.
Who can lease a vehicle?
Leasing is available to both private individuals (Personal Contract Hire) and businesses (Business Contract Hire), subject to eligibility and affordability. At Nunns, we offer both personal and business leasing options across our entire range.
What else is covered in a leasing scheme?
If you’re looking for a no-hassle way of driving a new car, then contract hire is a great way to go. As well as that monthly payment, you’ll have your road tax included, and our cars come with excellent warranty cover. You’ll also have the option of adding a maintenance package to your lease which includes scheduled servicing, tyres, brakes, etc. We can discuss maintenance options and costs with you for any of our vehicles.
Do I have to make a final payment?
No, that’s the joy of leasing - when you’re finished with the agreement, you can simply return the car and either walk away entirely, or choose a new car and start a fresh finance agreement. It’s great, therefore, for drivers who like to change their cars frequently and like to drive the very latest vehicles.
You’re not able to purchase the car whatsoever, but if you’d like that option, then you might like to check out our PCP or HP finance agreements, which allow that facility.
Can I drive as far as I like?
Not exactly. When you set up a leasing agreement, you’ll agree on a mileage limit for the vehicle for the duration of the agreement. It’s a good idea to try and be as accurate with your estimation of how far you’ll drive the car, as you’ll incur excess mileage fees if you go over them.
However, we’re able to advise you on this when you come to Nunns - so don’t be afraid to ask for some help regarding your mileage limits.
What models can I lease from Nunns of Grimsby?
Here at Nunns, we’ve got a broad range of vehicles that are available to lease. You can choose from vehicles within the Mazda, Isuzu or Subaru ranges, giving you access to cars like the popular Mazda CX-5, the rugged Isuzu D-Max or Subaru’s clever Forester e-BOXER.
In fact, there are loads of cars to choose from - so get in touch today to choose your next leasing vehicle.
Why should I choose Nunns of Grimsby for leasing?
With over 50 years of experience in the motor industry, we’ve got decades of learning with all things cars. As a result, we’re able to help regardless of your situation or requirements. When it comes to leasing, we can offer a variety of models to choose from and have a comprehensive after-sales service to ensure that you’re never left struggling with a mechanical issue.
But more than anything, we’re able to bring a personal approach which ensures we find the right car and the right leasing setup for you the first time. Contact us today or visit our showroom!