Car leasing is one of the most popular alternatives for those keen on getting a new vehicle without too much cost and effort, and with plenty of contract hire providers out there, you would be sure to find a deal that fits your budget and requirements. But whilst vehicle leasing already offers a plethora of advantages, you would still want to make sure that your chosen package and agreement works for you and your needs, and then some. So how can you get the most out of your vehicle lease and contract hire deal? Here’s what you should know and remember.
- Find a good vehicle that loses the least value
All vehicles will depreciate – it’s a simple fact. But some vehicles will lose less of their value over the years. The cost of your lease agreement will often depend on the difference between the price the provider has paid for the new vehicle and the amount the same provider can sell the car for once your agreement ends. It’s the reason why it makes sense to choose a vehicle that wouldn’t lose too much value whilst you use it. These kinds of cars are often high-performance ones with a high rating. One of the easiest ways you can find such a vehicle is to look for cars offered within specific terms, such as a set length, a set allowance on mileage, and a fixed initial deposit or payment so that you can see the cars with lower payments per month.
- Check for special offers
If you are not particularly selective in regards to the car you need, you could probably find excellent special offers and contract hire and leasing deals. Such offers are often for vehicles that are immediately available and ready to be delivered. You can also look for special offers at a provider’s discount page, and you can keep an eye on the price of a model by checking all available deals.
- Pay a higher upfront deposit
If you have a limited budget per month but have enough cash to pay for a higher upfront deposit, do so. It can help reduce your payments per month for the lease. Your total monthly payment may still be similar, although you may find it easier to budget your monthly fees.
- Go for a lower limit on mileage
Vehicle leasing deals will come with a mileage limit, so it’s best to avoid going for a higher limit on mileage so your monthly fee will not increase as well. On the other hand, try not to set your limit too low. You should give yourself leeway because if you end up going over the mileage limit, you will pay a penalty that will often be higher than what you would have paid if you had just opted for a higher limit on mileage in the first place.
Lastly, when it comes to leasing the best vehicle, don’t just look at low monthly fees – you have to consider the car’s performance and its overall intrinsic value and what it can do for you. Some higher-end car models feature lower payments per month rcompared to some vehicles that are of lower value and quality, so make your choice wisely.