Lease Profiles Quoted To Con Customers

Saturday, 29. October 2011

Hi, Graham Hill here, thank you so much for visiting my blog, I hope you learn a lot and as a result end up driving a great car. In order to do so you can get all the information you need by buying my book, An Insider Guide To Car Finance or use me to finance your next car. Happy driving.

Lots of lenders and brokers are starting to quote lease rentals based on 6 rentals in advance in order to make the monthly rentals appear low. It also helps with underwriting as the higher the initial rental, the lower the risk. However, I still try to stick with 3 rentals in advance which may make the monthly cost look high but it makes the initial rental more manageable. Some have taken this a little further and now also quote on 4 year periods which again can reduce the monthly payments.

I’m not so anti this as I am the 6 rentals in advance, especially as many manufacturers are providing 5year warranties now and with the Government considering putting back the first MOT test until the car is 4 years old it is starting to make the 4 year deal attractive, so if you are in the market for a new car it may be worth considering the 4 year deal unless you’re the type that gets bored easily. By Graham Hill

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