Car contract hire and leasing

Questions and Answers

should i lease or contract hire a car?

Q) my needs: 1) minimal upfront payment (possibly zero) 2) pay upto £250 monthly (incuding maintnance, insurance, etc) 3) have option to early terminate contract (e.g. after 6 months) 4) dont plan to own the car at the end 5) i would have nothing against a used car if this is cheaper should i only consider Mini and Corsa ?

A) I think you should lease it because it doesn't cost that much and you can lease it for 2 years. If you do crash you have to pay for the repairs but overall it is a good deal.

should i lease or contract hire a car?

Q) my needs: 1) minimal upfront payment (possibly zero) 2) pay upto £250 monthly (incuding maintnance, insurance, etc) 3) have option to early terminate contract (e.g. after 6 months) 4) dont plan to own the car at the end 5) i would have nothing against a used car if this is cheaper should i only consider Mini and Corsa ?

A) buy a banger

should i lease or contract hire a car?

Q) my needs: 1) minimal upfront payment (possibly zero) 2) pay upto £250 monthly (incuding maintnance, insurance, etc) 3) have option to early terminate contract (e.g. after 6 months) 4) dont plan to own the car at the end 5) i would have nothing against a used car if this is cheaper should i only consider Mini and Corsa ?

A) Buy an old banger for £500, insure it third-party only, and run it in to the ground. You can afford to buy one every two months.

should i lease or contract hire a car?

Q) my needs: 1) minimal upfront payment (possibly zero) 2) pay upto £250 monthly (incuding maintnance, insurance, etc) 3) have option to early terminate contract (e.g. after 6 months) 4) dont plan to own the car at the end 5) i would have nothing against a used car if this is cheaper should i only consider Mini and Corsa ?

A) Get a tricycle.

what is the difference between leasing a car and contract hiring?

A) Not a lot

How is car leasing (contract hire) an option compared to buying especially as regards UK market?

A) Basically, its like dating someone else's wife. Its all fooling and playing about until you put a ding in the boot (regards, UK).

what is car leasing ?? and what is contract hire ???

Q) i want to buy a car but pay monthly ... what is it called ?? i mean i get the car and pay monthly a small amount of the original price and at the end i get the car.

A) It's called a loan. You borrow the amount of money you need to buy your car, use that money to pay the car dealer, and repay the loan by making monthly payments to the loan company or bank. Each monthly payments is made up of interest (finance charges) and principle (pays down the loan). When you've paid off the loan, the vehicle belongs to you. If you lease, it is similar to a loan except the payments are smaller because you only pay for the depreciated value of the vehicle, not the entire value. Your return the vehicle to the lease company at lease-end, and therefore do not own the vehicle.