Corvette. Leasing Vehicles

Benefits of Corvette Lease

There are various benefits of leasing a car as opposed to buying outright, depending on the requirements of the individual, and some finance options have greater benefits to businesses and companies than individuals, and other options favouring the individual over the business-user.

In general, leasing a new car costs less than financing the vehicle with a loan, with monthly payments being cheaper (up to 60% in some circumstances) than the repayments for a personal loan. Worries about maintaining and repairing faulty cars are also reduced, as most people lease for a lesser period than Corvette's own warranty. Negotiating a deal for your leased car usually works out cheaper initally, with down-payments being very low. However, be advised that a higher initial deposit usually means lower montly payment costs. Also bear in mind that the deposit is not returned to you after your contract period expires, making the 'deposit' word misleading.

Corvette Contract Types at www.askaprice.com

Business Contract Hire
Lease a business car for an agreed period of time (usually between 24 to 48 months). Pay an agreed fixed monthly instalment and the predicted depreciation of the vehicle plus interest.

Personal Contract Hire
Lease a car for personal use for an agreed period of time (usually between 24 to 48 months). Pay an agreed fixed monthly instalment and the predicted depreciation of the vehicle plus interest.

Finance Lease
A lease covering only the finance element of the vehicle. The customer pays back the entire capital cost of the vehicle plus charges over a period of time, or they may agree to a balloon payment to reduce the monthly instalments.

Short Term Contract Hire
Use of a vehicle for a fixed short period of time (usually from 2 to 24 months) with a predetermined mileage at a fixed monthly cost without owning the vehicle and having the hassle involved in running and maintaining the vehicle.

Personal Contract Purchase
Personal contract purchase (PCP) is similar to contract hire where an individual can lease a vehicle (subject to status) for a fixed monthly payment usually from 12-48 months with a low initial payment with a fixed mileage over an agreed period.

Commercial Contract Hire
Lease a commercial vehicle for an agreed period of time (usually between 24 to 48 months). Pay an agreed fixed monthly instalment and the predicted depreciation of the vehicle plus interest.