What is Car Leasing?
Car Leasing, is a form of renting, often used by individuals, professionals or businesses to finance the acquisition of a motor vehicle. When leasing a car, the most outstanding difference to car rental and car hire is that the responsibility for maintenance of the car outrightly lie with the Car hire Company.
What should i consider?
Car Leasing is widely used in preference to outright purchase. Most companies, individuals, or businesses understand that they are tax advantages to leasing a car. They is also less capital investment in leasing. Some car hire companies may also allow the leesee to buy the car at a very low cost when the agreement expires.
Look out for clauses in the lease agreement that place the burden of maintenance and servicing. Also ask about insures dealing with insurance, liability and replacement of the car.
Always ask questions, make a list of things that will make you feel safe . Dont hesitate to review the answers and to ask even more questions. You are better safe than sorry.
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