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In the past 18 months, We have seen the number of new cars acquired on leasing schemes has increased by more than a third. Monthly repayments for many lease deals can be much lower than those for loans or hire-purchase deals, so it's hardly surprising that leasing, or PCH, is now more popular than personal loans.
How does it work?
On paper, leasing, also called contract hire, is one of the most straightforward ways to fund a car. It works in exactly the same way as renting a house or flat. You pay the finance company a rental up front, and then fixed monthly payments for the duration of the term. A typical contract is 24 or 36 months.
Lease periods are usually two or three years, although some companies offer more flexible terms. You'll never own the vehicle, and so won't have to shoulder the cost of depreciation or the hassle of selling the car or haggling with dealers. Leasing also gives you the flexibility of being able to change your car frequently and to afford a more upmarket model than your budget would normally allow.
By coming to us, you will benefit from our bulk buying power and will save even more money on your New Lease Car.
Mercedes Operating Leases are more popular than ever with lower rentals than ever before. The New Mercedes A Class is launched soon and will Rival the BMW 1 Series & Audi A3 in the premium brand hatchback segment.