A car leasing option can be called by many different names; it can be known as a contract hire or a finance lease. It is sometimes known as a car leasing scheme or hire purchase option. This refers to the one and same leasing facility where the approved finance company offers a leasing scheme to the consumer in procuring a car which can be used for a few years.
There are finance companies that offer an extension of the financing with a secondary contract; this means that the consumer or business can return the leased vehicle to lease another newer model. This is attractive when the consumer prefers to drive a newer model after a couple of years. There is less maintenance with new cars than older vehicles.
Professional car leasing companies can offer a variety of options with regards to the monthly payments of the leasing scheme to suit the cash flow of the consumer or business. It is possible to defer monthly payments or lower the amount with a balloon payment later at the closing of the leasing contract.
The best car leasing option can be recommended by the professional finance company depending on the market condition.
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