What Is Car Leasing and How Does It Work?
Car lease providers buy brand new car models direct from a dealer or manufacturer. We can buy cars in bulk to secure lower purchase rates unavailable to private buyers; savings we pass to you. We then offer our stock of vehicles to customers, who can lease from us. When you lease a car, you'll only ever be getting the newest models.
Car leasing is very similar to property rental, except there is often a fixed-term applied to the lease contract. The car lease provider and the customer agree on a length of the agreement, an upfront cost and a monthly fee. The individual leasing the car will then pay the initial cost to secure the contract, followed by monthly payments for the length of the contract to maintain access to the vehicle — in the same way, a tenant pays monthly rent to maintain access to a property.