Intelligent Car Leasing is a credit broker and not a finance provider. This means you get a great value-for-money lease deal on a car you can trust. This means that you don't own the car, but have the advantage of lower monthly costs, compared to buying or car loans and typically a lower initial cost. With car leasing, the residual value at the end of the lease can lower the lease cost, and if you get a closed lease you can walk away without penalty. Coronavirus and car payments Find out more about payment holidays if you’re struggling with car finance payments . Car leasing is an option for those who do not wish to purchase a car. Hippo Leasing offers hundreds of high quality used cars available for lease at great deals. Business leasing – or car contract hire – gives your company the advantage of driving the very latest vehicles at the lowest prices. If you put less than 15,000 miles per year on your car, then leasing might be a good option. Rent-a-car definition: a car that can be hired for a short period of time | Meaning, pronunciation, translations and examples Leases are actually done through leasing companies, banks, or the finance division of a car manufacturer (such as GM Financial or Ford Motor Credit). The leasing company recovers the full cost of the equipment, plus charges, over the period of the lease. The deals are almost always better on leases. Those that put high mileage on a car (contrary to popular belief) should lease as the user can exact the cost of usage. Definition: The act of leasing is a way of financing the purchase of fixed assets which normally have a high cost. Finance Leasing. Leasing a car through Complete Leasing. After that time, you simply return the car, trading it in for a different model or year. Most people think that leasing is limited to new car leasing, but now there’s even more choice, with used car leasing and nearly new car leasing also available. Car rental companies operate by purchasing or leasing a number of fleet vehicles and renting them to their customers for a fee. That means the cost of buying one car and driving it for ten years is less expensive than leasing or buying four or five different cars over the same period. Leasing a car is effectively a long-term rental, you get the use of a vehicle for a specified period of time, for a fixed monthly cost. Hippo Leasing ensures all our second hand cars and ex-demo cars available for lease go through our strict approved-used car process to make sure that the car is prepared to the highest standard possible. At the end of the lease period, however, the consumer does not own the vehicle. To successfully navigate the new car lease process, it helps to be familiar with the following business terms. Lease Payments . This can happen if the car is in an accident, for example. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Leasing is by far the most profitable way for a car dealer to sell a car. Leasing a car can make more sense than an outright purchase under a certain set of circumstances. Contrary to what most people think, car dealers are not the ones who offer leases. Organizations American Council on Consumer Interests Plus, it’s convenient; you don’t have the responsibility of having to eventually sell the car … Sometimes you may have the option to purchase the vehicle after the lease ends. The biggest factor is your annual mileage. Car leasing is very similar to renting. Leasing a Car The advantages of leasing include a smaller down payment, as well as monthly payment. Here are some factors to consider in a decision to lease or buy a company car, how to lease that car (including options), and tax implications of leasing a company car. 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