Various Types Of Car And Van Leasing Contracts And Finance ...

The opportunity to lease a car is both economical and advantageous. In today?s economy this is something to consider. Car lease contracts give us the benefit, (with certain stipulations agreed upon the amount of payment and time frame) of using a vehicle we might not otherwise be able to afford. The contract will obviously be managed with a set of parameters.

The car leases can be offered for personal or business use and result in lucrative benefits for both the leaser and the lessee. Different types of arrangements are possible, and this is what we shall be discussing hereunder.

The use of a vehicle for private use, either with or without maintenance, is known as a Personal Lease. Whether the vehicle is maintained by the leaser or not is an addition which may include the replacement of tyres, or access to roadside assistance in the event of breakdowns or accidents. If the option is not chosen to be included then the person leasing the vehicle will usually be held to more stringent conditions which would attract additional levies to be imposed for excessive wear or for any maintenance required.

The lessee has the opportunity to contract specific terms for the lease. A typical lease normally sets guidelines and limits for the vehicle?s mileage. Limits usually include the number of miles the vehicle may be driven. Typically ten thousand miles per year for passenger vehicles, with fees for anything over the agreed upon amount, is the norm. However, some leases will permit, for an additional fee, this amount to be increased if necessary. A lease may specify that any added cost will be transferred to the lessee.

Finance Companies often form coalitions with Leasers and offer attractive benefits for potential lessees referred to them. These offers often includes the waiving of signing fees of a favourable offer to purchase the vehicle at the end of the contract.

Business Leasing Contracts are ideal for companies who want to use a vehicle(s) for periods extending beyond twelve months for commercial errands to benefit their business. If they lease more than one car they will generally benefit from additional discounts.

This can come with the option for maintenance benefits such as tire repair and relief cover in the event of a breakdown which is a valuable guarantee for any business. For this type of contract the vehicle remains the property of the leaser. Some lease companies are flexible enough to allow lessees to decide on the way the lease payments are calculated monthly.

Another option is to choose a Cross Border Lease, which allows for the vehicle to be used in other countries. This is most common in Europe where differential VAT?s between countries brings further remuneration for the Leaser who may in turn pass on lower rates for the consumer.

Loan payments are normally considerably higher than Leasing Fees for vehicles of identical make and plate. This alone makes leasing appealing for many people. Couple this with less strict qualifying procedures and optional advantages, and the result is a fast growing sector in many countries, where leasing is becoming more popular and in demand.

Source: http://lbmx.biz/various-types-of-car-and-van-leasing-contracts-and-finance-options

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