Car Leasing Guide: Everything you need to know

Auto leasing gives you a vehicle to drive for a fixed period with predetermined mileage. There is less of a long-term commitment involved, with a low monthly cost. But you can get a lot more car for the money you pay. When you lease, you’re able to get that ‘new car smell’ every couple of years. Beneficial for you or your business as VAT is refundable. Al Masood offers superb leasing deals you won’t find if you try to finance and purchase a car. Plus, you’ll typically have the benefit of a car that’s still in factory warranty. And at the end of your lease, you won’t need to negotiate the trade-in value or hassle with selling your vehicle. Just return the car and move on to a new model.

What is a car lease?

A car lease is a long-term vehicle rental for a contracted number of months. It’s different from financing in that you won’t own the car at the end of the lease—though we do offer lease to own options. For a typical car lease, you’re fixed at a set period, mileage, and monthly payment rate. But instead of paying a down payment on a loan, you’re basically paying for the car’s loss, or depreciating value for the term of your lease.