Take The Cheapest Lease Rate And Pay The Price

Thursday, 17. March 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.

There’s no such thing as a free lunch! What a load of bull, of course there is, I’ve had plenty over the years and I’ve not been expected offer my body up as a sacrifice or pledge in blood only to use the generous host’s product for ever more but more people are understanding the significance of the expression when applied to lease rates. Go with the cheapest and learn that there is a price to pay, often a significant price. The more accurate expression is ‘if it seems too good to be true it normally is.’

Of course there are some great deals about occasionally but if you are being offered a low lease rate it needs to be investigated. And evidence shows that customers are now being a little more selective. A good example of this is small contract hire company Day’s. They are predominantly a dealership group and their rates are far from the cheapest but they continue to do well because they concentrate on customer service.

The odd few miles over contract miles at the end of the lease may be ignored as will the odd scrape and minor dent, putting it down to wear and tear. These companies are a dream to deal with from a customer perspective and are worth the little extra you pay per month.

The trend is there, what will you do if you haven’t already been put off leasing following end of lease charges measured in not just hundred but occasionally £’000s? Opt for the cheapest and know that the leasing company, unless it’s called Motobility, is not a registered charity and will make its profit later down the line or pay a little more for a good service? By Graham Hill

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