Top Questions to Ask Yourself When Leasing Your next Vehicle

More and more people are opting to rent their car over buying one. Not only will your money go a lot further in terms of quality, but you have far more flexibility to chop and change your vehicle to suit your budget, lifestyle and so on. However, there are still plenty of factors to consider, so here are just a few of the questions you should be asking yourself when leasing your next vehicle.

What’s my budget?

First and foremost, working out how much you can realistically afford each month for your car payments is essential. Don’t forget, you don’t just need a figure for the car itself, but additional fees like parking and petrol also need to be factored in. Leasing a car will get you a lot more for your money, and you won’t need to find that costly initial down-payment like you do with finance deals, but making sure you can comfortably afford your monthly expenditure will avoid any financial woes in future.

What will I use it for?

Leasing a vehicle means that you’ll be able to change your car frequently to use suit your lifestyle, but you don’t want to get into the habit of changing it too much and incurring fees as a result. So, you need to think carefully about how you’re going to use your car to make sure you opt for the right model. Is this primarily a commuter car where you’ll be covering a lot of miles, or are you a keen fisherman, in which case a Range Rover lease will be more appropriate with all that off-road driving and possibly the need to tow another vehicle? Narrow down your search options, and you’ll find the most suitable vehicle for all occasions.

What are my priorities?

Think about the answer to the second question about the use of your new vehicle, and consider what features within the car you need to make a priority. For example, if you’ve decided that you’ll use it mainly for commuting, going for a high specification model with a diesel engine and more luxurious interior will make driving for longer periods of time more comfortable, as well as more economical to run. However, for a family car, you’ll need a 5-door vehicle with more space for booster seats and prams, not to mention a high safety rating.

What about the small print?

When the time comes to sign on the dotted line, make sure you’re thoroughly aware of what’s included in your contract. On the one hand, a number of expenses are often covered in rental agreements, such as a manufacturer’s warranty, road tax and even breakdown cover, so it’s worth knowing what these are so that you don’t unknowingly double-up. On the other hand, the number of miles you’re allowed to cover per month is often detailed in the small print, so it’s vital you know what limitations and restrictions are on your vehicle.

Can you think of any more questions? Let us know by leaving a comment.

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