Solent Vehicle Leasing give you the best products, the most attractive prices and the finest vehicles. If you’ve got your heart set on a vehicle, our staff will go above and beyond the call of duty to help you get that car. You’ll end up paying less than you ever thought possible for your dream car. We’ve got the largest variety of models around and with such flexible payment plans you’re sure to find everything that you’re looking for; whether it’s a personal runaround or a fleet of prestige cars for your company.
All our staff are highly trained in all aspects of car leasing and van leasing deals. They will be able to talk you through the process of leasing a car, they will assist you in finding the best deals and guide you through the most attractive leasing packages.
- Trustworthy, knowledgeable staff
- Free collection and delivery
- Instant quotes and Instant ordering available
- Friendly, helpful customer service
- Unbeatable van leasing and car leasing deals
- Special offers added regularly
- Stock constantly updated
- Optional maintenance packages available on request
- Sign up to our Newsletter and get our weekly offers through email
- GAP insurance available
Deciding to lease a car
It is very common to debate car leasing in the UK for weeks before making a decision.
So how do you decide?
It depends on your situation
The best answer is, well, it depends. One solution is not always the best. When you chose to lease cars or buy cars, a lot of factors come into play.
Lease and purchase loans are different ways of financing a car. Leasing is not a form of renting, albeit this is a prevalent misconception. While car leasing finances the use of a particular vehicle, buying will finance the purchase of a vehicle. Each type has benefit; each has drawbacks.
When determining whether you wish to lease of buy, you must look at what factors are important to you. You must also look at what you are going to use the vehicle for
At SVL we think the decision is cut and dry. With a lease, you will never have to worry about major repair risks. A lease will provide you with a new vehicle on a regular basis. And, best of all, we aim to beat 9 out of 10 quotes, which means you get the best deal.
Buying and Leasing are Different
When you buy, you pay for the entire vehicle and all of it’s maintenance, regardless of how long you keep it. Monthly payments for a purchase are much higher than a car lease.
When you lease a vehicle, you are only paying for what you use. And when you are done, you aren’t responsible to sell the vehicle to recoup some of your initial cost.
How do the payments differ between them?
Lease payments have two parts to them, which are a finance charge and a depreciation charge. The depreciation portion of the monthly payment is based on how much value the car will loose while you are leasing. The finance portion is essentially the interest that they are charging you to finance the vehicle. You are basically borrowing a chunk of the money that they used to buy the car with. You pay monthly on the lease, and you pay anything leftover when you turn in the car.
Loan payments also have two similar pieces: a principal charge and a finance charge. A bank will send money to the dealer or directly to you, and you agree to pay them back slowly over time, with some interest for the privilege. The principal charge is what you pay for the cost of the vehicle, while the finance charge is the interest that they charge you on the balance each month. The finance company or bank has vehicle's legal title (legally owns the vehicle) until the loan has been completely repaid.
The last part of a loan to purchase a vehicle is equity. Equity is what is left over of your car's original value at the end of the loan, after depreciation has taken its toll. Equity is what you can sell the car for after you are done paying on it (or credit you receive if you trade.) The longer you choose to own a vehicle, the less equity it has, due to it’s natural depreciation in value. Eventually, when the car is worn out, all you have left is scrap metal. No matter what, you will never get what you paid out of the vehicle. The second you drive away from the car lot, it is worth less.
Contract Hire
Solent Vehicle Leasing UK also offers contract hire.
Contract hire is a form of lease and it is often very beneficial for busy people.
Essentially, The leasing company undertakes some responsibility for the service and maintenance of the lease cars. Services can often include things like replacement of tires and batteries, providing replacement for broken vehicles, oil changes, and major repairs.
Contact on of our experts today to inquire about contract hires!
A note about GAP insurance
Most car leases have automatic built-in insurance called GAP coverage, while car purchase loans very often do not. Gap coverage will pay the difference between what you owe on vehicle, and what your vehicle is truly worth in the case that the vehicle is damaged or stolen.
This is an important protection offered to you on the lease. With out GAP insurance, you could end up owing the lease company for the full cost of the damaged or stolen car! Be sure to ask about GAP coverage for your lease!
Don’t end up owing thousands of dollars on a car you still must pay for. Make the smart decision for yourself and ask about car leasing deals today.