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leaseyournextcar.com
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Definitions (16)
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Business lease
A business lease is for customers that qualify as any of the following: self employed, sole trader, partnership, LLP, limited company or business owner. The business needs to have been trading for at [..]
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Personal lease
Personal contract hire works the same as business leasing but the prices are generally slightly more expensive. You will need to take out a personal lease if you do not qualify for a business lease.
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Mileage per annum
This is the amount of mileage you are allowed to do per year for the agreed term.
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contract term
This is the length of the lease contract which ranges between 24 months and 48 months.
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DEPOSIT
When you lease a car you are required to pay a deposit. The deposit is usually an upfront payment of 3 or 6 months depending on what you can afford.
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Gap insurance
If your car gets stolen or written off GAP insurance
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fair wear and tear
Fair wear and tear is the minor damage and wear that occurs as a result of normal everyday use. This does not include damage from poor treatment.
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