Auto and Van Lease Deals

Sometimes it is more convenient and prudent for persons to enter into
car leasing contracts instead of owning a vehicle. This is made
possible through Car and van leasing contracts which allow the use of
the vehicle(s) for a fixed period of time for an agreed amount. The
agreement will evidently be governed by a number of conditions.

The car leases can be offered for personal or business use and result
in lucrative benefits for both the leaser and the lessee. Different
types of arrangements are possible, and this is what we shall be
discussing hereunder.

Personal lease with or without maintenance allows persons the use of
the vehicle for a designated period of time. They will have the option
to choose if the car will be maintained by the leaser. Maintenance may
include tire replacements, oil change and the ability to get a relief
vehicle in the event of breakdown. The contract with no maintenance
usually holds the consumer to stricter rules of engagement in which
excessive wear attracts additional fees.

The lessee has the option to negotiate variable mileage terms. Typical
lease contracts set the limit for the amount of miles the car can be
driven for. This is usually set at around ten thousand miles per annum
for passenger cars with fees applying for those exceeding this amount.
Some dealers though, allow the lessee to increase this limit for an
additional price. Contracts like these normally find ways of
transferring the cost of wear on the vehicle to the consumer.

Leasing companies are forming alliances with vehicle financing
companies so that the potential lessee gets certain benefits when
referred by leasing companies. These benefits may take the form of a
waiver on certain sign up fees or an extension of the financing
arrangement should the lessee decide he/she wants to buy the vehicle
after the end of the lease contract .

Many companies also offer business lease contracts. Business contracts
are ideal for companies who want to use a vehicle(s) for a period of
between twelve to sixty months for the purposes of business operations
or errands.

This can come with the option for maintenance benefits such as tire
repair and relief cover in the event of a breakdown which is a
valuable guarantee for any business. For this type of contract the
vehicle remains the property of the leaser. Some lease companies are
flexible enough to allow lessees to decide on the way the lease
payments are calculated monthly.

Cross border leasing arrangements are available from some large
companies too. This is an option for the vehicle to be leased to
someone in another country. It is common in European countries where
there may be benefits due to differential taxation of assets across
the various countries.

Lease payments are usually lower than a car loan payment and can be
achieved under less stringent qualification procedures. In addition it
brings many added advantages and savings for either business or
individuals. That is why leasing contracts are becoming increasingly
popular in many countries.