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Car Leasing

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Mylease Logo

Mylease

Level 1, 464 Whitehorse Rd, Mitcham, VIC, 3132

A Company Car Lease lets you lease a vehicle without taking on any of the risks associated with ownership.

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FleetPartners: Richmond

Unit 3, 40 River Blvd, Richmond, VIC, 3121

Car leasing and fleet management.

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Automated Lease Packaging

354 South Rd, Hampton East, VIC, 3188

Leaders in car finance, vehicle lease and fleet management solutions for personal or business use.

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Bayside Finance Group Logo

Bayside Finance Group

58-60 Cluden St, Brighton East, VIC, 3187

We can arrange finance for private & business vehicles & lease finance for income producing assets for a business.

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AutoFlex Leasing Logo

AutoFlex Leasing

4 Churchill Ave, Maidstone, VIC, 3012

We guarantee to give you the best solution to own a car with minimum cost.

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FleetPlus

11 Sirius Rd, Lane Cove, NSW, 2066

The Novated leases explained its agreement between employers and employee.

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Leasecorp Australia

Unit 1, Cnr Cleary and Devon St, Hamilton, NSW, 2303

Leasecorp Australia specialise in all types of asset finance new and used.

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User Guide To Car Leasing

A car lease (or sometimes known as a vehicle lease) is the business of leasing or the use of a vehicle for a fixed period of time (usually 2, 3 or 4 years) and returned to the leasing company after the primary term for disposal. A car lease is a unqiue form of vehicle funding, and quite distinct from a loan. Commonly it is offered by car dealers as a cost-effective alternative to purchasing a car used by businesses or private individuals without the need for a large cash outlay.

Before the start of the agreement, a fixed monthly rental is agreed upon. There is an early termination fee and a limit on the number of miles a person can drive. If the mileage is exceeded, the customer will have to pay additional fees. Car lease agreements will also specify how much wear on the vehicle is allowed and the fees that need to be settled should that amount of wear be exceeded. When the lease agreement expires, the customer has the option to buy the vehicle at a specified price, or return the vehicle to the company and pay the applicable fees for the damages that may have been incurred.

Advantages of car leasing

  • The lease payments will be lower than the payments on a car loan and the qualification is easier.
  • It allows you to choose a new model of car once the lease expires, allowing you to drive a new vehicle every few years without having to sell the old car.
  • You do not have to worry about the future value of the car.
  • For the car lease business, the car will generate income and they will have the option to lease it again or sell it through vehicle remarketing.
  • Car lease businesses can generate more money from the rental than from selling a vehicle outright since there is a possibility of repeat customers.

Disadvantages of car leasing

  • The main disadvantage of car leasing is the car lease contract which binds you to the agreements stipulated on it. Car lease contracts will cost you more if you wish to break your lease before the term expires. However, some companies may allow you to transfer your lease to someone else.
  • You are paying for a car that you don't own. You will spend more money paying the rent than through financing or by paying cash for the vehicle.
  • If you are planning to purchase the car after the lease contract expires, you may have to spend more for the car than if you purchased it.

Alternatives to car leasing are car driving and carpooling which does not require you to any contract and is not as costly. The latter two is commonly implemented for commuting from one location to the next. It is common for passengers to join for parts of the trip and provide a contribution to the expenses based on the distance that was traveled. This allows people to share journeys with each other and save money from the extra flexibility.

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Latest Reviews

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JK

23 Jan 2017

Absolutely Poor and unprofessional. Dodgy deals that don't look after the buyer. Stay away from th...
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Leasecorp Australia

Unit 1, Cnr Cleary and Devon St, Hamilton, NSW
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Denise

13 Jul 2013

Please read other sites for complaints against this company before using them. They seem ok on booki...
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Ascot Car Rental: Mascot

25-33 Erskineville Rd, Mascot, NSW
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Shane

13 Mar 2012

The service was great, helped me fix my car and shorten hire rental. Fantastic!

Rent-A-Bomb: Hoppers Crossing

190 Old Geelong Rd, Hoppers Crossing, VIC
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