Posts Tagged ‘car and leasing’


How To Procure Vans And Cars For The Purpose Of Leasing

Thursday, October 6th, 2011

Car leasing has become very common in the business world today. With car leasing you get the joy of owning a car without being burdened with the need of footing the whole cost of the car. Clients who opt to car for leasing get the privilege of driving the car for a specific number of days. Almost all these leases are of a period of round two to three years and the client pays the required amount monthly. After the lease period expires, the lessee returns the vehicle to the company and if interested they can purchase the vehicle at its depreciated value.

A lease contract should be your first consideration when looking for a company to lease a car. In this case you should keenly scrutinize some important factors before going into a dealership. First, you need to decide what kind of contract you want with the options available being open end or closed end contracts. Individuals who want to lease for business purposes should sign up for the open end contract deals. The basic deal with open-end contracts is that you, the lessee is held accountable for all financial risks and not the leasing company. This contract makes the client shoulder all costs incurred by paying for any extra damage, mileage covered and all other charges. The open-end contract is also a good option where the client is fully intent on purchasing the vehicle at lease-end. It demands of the client to shoulder the enduring balance of the motor along with the actual price at that time.

In the case of personal leasing, you need to consider the closed-end contract. With this option, any financial risk is covered by the leasing company. After covering all the costs, the company expects the client to pay for any extra charges incurred including extra mileage if occurred and any damage on the vehicle.

There is also the factor on the fee the company will settle in the lease contract. Some leasing companies cover the maintenance cost minus fuel and insurance. On the other hand, there are companies that leave all the costs of fuel, maintenance and insurance entirely on the client.

Make it a point to find out the company’s value of each monthly payment. Be able to have know-how of how to do the math on the monthly calculations. In order to avoid the risk of being financially constrained, be sure the deal is convenient with your budget. All this costs include fuel cost and any unforeseen maintenance fee and ensure they are okay with your monthly budget. This decision will help you in determining which company to lease from and the type of car or van you will be looking into.

Putting into practice all these pointers will make your decision of where to purchase your van or car from easier. Ensure that you buy a car that meets your expectations and will match your likes and details. At all times you should keenly go through any document to be signed thoroughly before compelling yourself to a lease.