If you’re thinking of renting your next vehicle rather than buying one, there are a few things you should be aware of. From Toyotas and Fords to a Range Rover Evoque lease, these tips should hold you in good stead…
Be clear on your budget – you don’t just need to factor in the leasing payments, but also monthly running costs like petrol and parking. Although it’s tempting to go for the most luxurious car possible, being realistic with figures is essential.
Your mileage per month
Most leasing agreements have caps put on the number of miles you can do per month, and you’ll incur a fee if you go over this. While the mileage figure you have can be negotiable, it might not be worth leasing if you’re constantly on the road.
How will you use it?
Is this a commuter car where comfort is key, or a family vehicle designed for all those day trips you have planned? Be clear on what you’ll use the car for and how you need it to perform, and this will help you decide on the model you choose.
Who will use it?
While you may be the main driver of the car, it’s important to consider who else will use the car frequently. If you regularly have children or elderly relatives getting in and out, consider their needs so you don’t end up with something completely impractical.
What kind of a driver are you?
If you’re new to driving or you’re relatively clumsy with a few scratches and scars on your paintwork, it’s worth knowing that leasing can incur some ‘wear-and-tear’ charges if the damage is significant enough to warrant it.
The leasing company
Always thoroughly research the leasing company you’re considering – what accreditations do they have? How long have they been around? Do they belong to any regulatory bodies?
Once you’ve checked out the company, it’s useful to back up your research by consulting forums and review sites – customers will be able to give you an honest and detailed perspective of what they’re like to deal with. Plus, they might have rented the exact model you’re considering.
Do you need add-ons?
Some add-ons offered by leasing companies can be very useful, but it’s important to be wary of those which increase prices without any benefit to your experience. Consider which ones you need and don’t need, or whether it’s worth simply buying them separately instead.
The small print
Of course, it’s vital that you check the fine print of your contracts – this is where those extra services, features and fees are all accounted for.
The car itself
Finally, when you receive the car, conduct a thorough check of the vehicle including all buttons, lights and especially the engine. Any scratches or wear and tear which you’ve not been made aware of should be photographed and sent to the leasing company as proof that you’re not responsible.
Have you ever leased a vehicle? Tell us about your experience in the comments…