Wednesday, November 4, 2009

NICK MODLE CAR



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Thursday, July 16, 2009
Car leasing
ar leasing is another way of financing the car of your dreams through a car leasing company rather than a dealership. Some car leasing contracts work in a similar way to personal purchase contract plans in that you agree an annual mileage, a final repayment and can choose whether to keep the car at the end of the term or hand it back.
Leasing a car from a dealer often works out more cost effective than taking out a car loan or engaging in the other methods of car finance . However, before you take out a car leasing deal it is important to understand the pros and cons.

If you take out a car lease from a car leasing company over a short period of time (typically two-four years) it will almost always work out cheaper than a car loan and it is normally just as cost effective or cheaper over a medium term too. This is because you are paying the difference between the sale price and the residual value, rather than paying the full price of the car plus interest.

Car leasing is also a good option for those who don't have a large sum of cash to use as a down-payment as most car leasing companies don't ask for one although you are usually asked to pay an initial sum, typically to the equivalent of three monthly payments, this is the only money you are required to pay up front to a car leasing company. Consequently if you don't have a large sum of money stored away, but do need a car quickly, car leasing is likely to be for you.

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