When comparing deals out in the market it can become confusing and complicated but you need to strip away any enticement and look at the actual monthly cost per £10000 of vehicle over a 36 month lease, by using this simple example you can compare any deal.
Any lease that costs less than £150 per month per £10000 worth of vehicle is a good lease.
If you get an average 5 year car loan and then sell the vehicle after 3 years your monthly cost per £10000 of car usually comes out around £175 and £200 per month including interest payments and depreciaiton.
So when deciding between leases and whether to buy or not using this system is helpful guide to a good deal.
For expample if a lease payment is in the sum of £200 per month over 36 months on a vehicle worth £15000 your monthly cost per per £10k would come out at £133, thus would be considered a good deal as falling below the £150 per month.

This entry was posted on Tuesday, January 3rd, 2012 at 1:10 pm and is filed under Cheapest Car Leasing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.