Car Leasing in UK

Next time you need to change your car, the fastest growing funding method

you should consider is contract hire (or ’leasing’ to use the generic term)

through LVM.

Historically in the UK, private

purchases of vehicles have been

funded with bank loans or personal

savings. A growing number of

people, however, now seem to have

discovered private car leasing deals.

There are many reasons why people

are switching over to car leasing,

whether it is a Mercedes car lease,

Audi car lease, or just a small run

around. Among them are preserving other valuable credit lines, reducing

your monthly outlay by only paying for the depreciation, having fixed cost

motoring over the term, and the convenience of not having to deal with car

salesmen at the beginning or selling your old car at the end.

When you apply for a personal loan on a

vehicle the banks will credit score you for

what will add up the total cost of the car.

When you are credit scored for private car

leasing deals through LVM, however, the

amount of credit is simply the total of the

monthly payments,

which add up to less

than the cost of the

car because the

residual value or

balloon payment is

not considered.

Today banks will only

lend to a certain limit

and those credit lines with your own bank should be preserved for large

purchases other than vehicles such as conservatories, holidays and weddings.

Leasing was originally designed to improve a company’s cashflow, but it is

equally helpful for personal car leasing deals. Because only the depreciation

of the car is repaid, the car being handed back to the funder at the end of the

contract, the monthly payment is considerably less. When you take out a

personal loan to pay for a car outright, by the time you come to change the

car you will usually own the car outright. The money paid to finance this

residual value could have been used elsewhere, even in a more rewarding

savings scheme if the money was spare!

Many people like to know that all the risks of fluctuating payments and

values are taken away with car leasing. The payments are fixed for the term

and will only change by the amount of any change in VAT or Road Fund

Licence. The risk of falling car values is only the concern of the funder used by

LVM.

For some people though, the main reason of using personal car leasing deals

is that is so hassle free! Most people will order their car over the internet and

never have to set foot in a car dealership to haggle with the salesman. At the

end of the contract there are no ‘tyre kickers’ knocking at your door wanting

to make you an offer for your old car. The funder delivers your new car to

your door and will collect at the end of the contract. And finally, all main

funders used by LVM adhere to an industry standard fair wear and tear

policy, which means no unreasonable end of contract charges should be

made.

LVM supply all makes and models including Alfa Romeo, Mazda, Audi,

Mercedes Benz, BMW, Mini, Chrysler, Mitsubishi, Nissan, Fiat, Peugeot, Ford,

Renault, Honda, Seat, Hyundai, Skoda, Infiniti, Suzuki, Jaguar, Toyota, Kia,

Volkswagen and Volvo.

LVM - Best Car Leasing Deals

35 High Street

Sandridge

City: St Albans

State: Hertfordshire

AL4 9DD

Tel: 01727 260666

Fax: 01727 260999

Email: sales@lvm.co.uk

Website: http://www.bestcarleasingdeals.co.uk/