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Lingscar Certified Dealers compete for your business by providing discounted pricing on in-stock inventory.
Why Lease with Lingscar?
Discounted Pricing
View local inventory from the comfort of home and get access to guaranteed savings on the car of your choice.
Lower Payments
Get discounted pricing when you shop for a car or truck using LingsCar and save on your lease payment.
How does leasing work?
Leasing a vehicle is essentially entering into a long term rental agreement for that vehicle. Unlike a traditional car purchase, you don’t actually own the vehicle. Instead, a leasing company purchases the vehicle from the dealer on your behalf and then you make monthly payments to the leasing company for the duration of your lease. Some leases however, do provide the option to purchase the vehicle at the end of the lease.
Your lease payments are paying for:
The finance charge which is the cost of borrowing money from the leasing company
The finance charge which is the cost of borrowing money from the leasing company
Taxes and fees that you have chosen to capitalize (add to the total amount borrowed)
Similar to a short term rental, there are rules that define:
How much you can drive, stated as annual miles (excess miles are charged at a specified rate)
Types of damage that you may be liable for at the end of your lease
The procedures and costs when you return the vehicle at the end of your lease
Lease contracts are a commitment and ending them early can be difficult and expensive so it is important to consider your circumstances carefully before you decide.
Important Things to Consider
Depending on your circumstances and what is important to you, a lease could be a great option for your next vehicle. Below are some important factors that may influence your decision.
- Monthly payments on leases are generally 20% - 30% cheaper than loans
- You may be eligible for a tax break if you use the leased vehicle for business purposes
- Easy to upgrade to the newest vehicle model every few years
- There are often fees charged if you drive more than your lease's mileage allowance
- You will always have a car payment whereas with a loan you eventually pay it off
Lease contracts are a commitment and ending them early can be difficult and expensive so it is important to consider your circumstances carefully before you decide.
For any leasing related inquiries, kindly contact us or email us or reach out to us at +44 191 460 9444 , and our proficient experts will be delighted to address your queries and assess the necessary actions.
Please refer FAQ's for common queries.