A level of understanding is needed to determine if a car leasing deal is good or bad. Don’t be fooled by those who promise a good deal, and be sure to monitor and analyse everything to ensure you are, in fact, getting the best deal and value for your money. Whether it is a personal or business car lease, use the following to determine if your car leasing deal is ideal.
Is Your Car Leasing Deal Flexible?
Flexibility is key when it comes to determining if your deal is good or not. What do we mean by flexibility? Most car leasing companies show flexibility in terms of allowing you to pay more on a deposit. Paying a larger deposit, as we all know, results in your monthly payments becoming lower and more affordable. A good deal will have flexibility built into it.
Does Your Car Leasing Deal Have Hidden Costs?
What hidden costs are disguised within your car leasing deal? A bad deal will be loaded with disguised charges, so be sure to find out all the costs involved in your car leasing deal. Hidden costs can include service and maintenance, road tax, and admin fees. A good deal is a deal that has no hidden costs; where you are fully aware of all your financial responsibilities.
What Mileage Allowance Does Your Car Leasing Deal Have?
As we all should know, all car leasing deals have a mileage limit which the individual must not exceed. Is your deal’s mileage allowance fair? Are the excess changes reasonable? In short, a realistic mileage allowance makes for a good deal.
Does Your Deal Have A Contract Length To Suit Your Needs?
When it comes to a good deal, plenty of options should be made available, with the choice to lengthen or shorten the lease if desired. A bad deal has restrictions on contracts and does not allow the individual to increase or reduce his or her lease.
Does A FCA-Regulated Company Offer The Deal?
You’ll know if you are getting a dodgy deal when the leasing company who offers it is not regulated by the Financial Conduct Authority [FCA]. A good deal comes from an FCA-regulated company and provides peace of mind, honesty and fair a treatment pact.
Want A Good Deal? Contact Us
Contact ZEP Finance, whether it’s advice or car leasing on the Gold Coast, we can help you today.