If you searching for a way to get a new car for a few months, consider short-term leasing. Many people like to change cars frequently or may like to get a new car for a short period. In this situation, short-term car leasing can be a good option.
Benefits of short-term leasing
Though it is expensive, short-term car leasing has some benefits. You can avail a new can within a very short time. It is the way to become an owner of a four-wheel with minimum commitment. This process of leasing a car is also known as Personal Contract Hire (PCH) which is getting popular among lavish car owners.
Short-term leasing is more likely renting a car for a specific period. It is quite different than other forms of car finance. You neither have to pay the full value of the car nor require to show a credit check. It can be a contract from one month to 24 months. Some companies are offering 90 days contracts for some specific models. However, reasonable deals can be difficult to find.
Cost of short-term leasing
It is true that short-term leasing is convenient for some car buyers. But it tends to be expensive. You have to pay from £200 to £300 per month for the cheapest short-term lease. The shorter the period, the greater the cost, and vice versa. But still, the short-term lease is popular among the users who desire to have a car for a short period.
Some alternatives to short-term leasing
Instead of short-term leasing, you can consider some alternatives like renting a car and car-sharing schemes. However renting a car is not the cheapest way to get a car for the time being. But it can be less complex as you don’t have to go through a complex financial agreement. Some companies allow you to rent a car according to your requirements. Car-sharing schemes are another good alternative for those who just need a car at some particular time. There are some car-sharing service groups and car-sharing clubs that allow you to use a car on a daily or monthly basis.