Lease Hire
Cost: Varied monthly payment
How it works: Similar to purchasing on standard finance, but with lease hire you don’t own the car. Instead, you agree a fixed monthly charge to rent the vehicle for a set time – then hand it back at the end.
There’s a deposit when you first take delivery – usually the initial three months’ rent – but some contracts factor in servicing costs so you can fix your outgoings. Lease hire is growing in popularity: specialist Lings Cars claims website visits are up 40 per cent in recent months.
In Detail
Lease Hire
Typical car: Your choice
Contact: 0191 460 9444, www.lingscars.com
