Personal car leasing

If you love that new car experience, and are tired of driving a vehicle that has seen better days, then personal car leasing could be a great option for you. With more companies offering a car allowance as opposed to a company car, as well as changes in attitudes towards car ownership, now is a boom time for personal leasing. Leasing can be the ideal way to get the new car that you want at a budget to suit your lifestyle.

So, what are the benefits of personal car leasing with AMT?

1

Your payments are fixed

Personal leasing offers you a peace of mind as you pay a fixed price for your motoring each month. There's no large bills to worry about, making financial planning and household budgeting much easier.

2

No ownership risks

Owning a vehicle comes with financial risk. There's depreciation of the vehicle value, MOT, servicing, repairs and breakdown cover to organise and pay for separately. With leasing you have all the benefits of ownership without the hassle and risk that come with it.

3

Depreciation is factored in

Most brand-new cars lose 50%-60% of their value in the first three years. When it comes to personal leasing, the risk of depreciation is taken on by the funder.

4

A low intitial payment

Purchasing a new car requires a high payment upfront whereas leasing a car gives you access to a brand-new car with a flexible initial payment - this is normally 3, 6 or 9 months rental up front - depending on your preference.

5

Cost effective

Over the same period of time, car leasing usually works out to be the most cost-effective option when you want to drive a brand-new car or van.

6

Manufacturer warranty included

A full manufacturer warranty normally covers you for the full period of the lease so you don't have to worry about any surprise costs if something goes wrong with the vehicle that wasn't your fault.

7

Less hassle all around

You can also take out a maintenance package which includes breakdown assistance, servicing, even replacement tyres and puncture repairs. Leasing also releases you from the bind of selling old vehicles privately - when you come to the end of the contract you can simply lease another brand new car.

8

What you can get for your money

You may be pleasantly surprised to see that you can get much more for your money than would be possible if you were looking to purchase a car.

9

Limited credit? No problem

If you are seeking a personal agreement and are employed with capital to commit up front, a poor credit history doesn't have to be a problem. Just let us know.

Options to finance your personal car lease

There are four main types of leasing and finance options available to you when you choose to lease a car...

Personal contract hire (PCH)

Personal contract hire (PCH) is by far the most popular financial arrangement for AMT customers. With personal contract hire you simply pay a fixed amount to effectively rent the car for between 1 and 5 years.

read more about personal contract hire

The other options available are:

Personal contract purchase (PCP)

You pay an agreed monthly payment as you do with a personal contract hire, the only difference is that when it comes to the end of the contract, you have the option to purchase the vehicle for an agreed amount.

read more about personal contract purchase

Hire purchase (HP)

Hire purchase (HP) is a very simple finance option. A deposit payment is agreed - typically a multiple of the monthly payment - and repayments will be calculated based on this figure, the value of the vehicle and the length of the repayment term. Once all the repayments have been completed, the individual will become the legal owner of the vehicle.

read more about personal hire purchase

Lease purchase (LP)

With lease purchase you pay something called a balloon payment at the end of the contract and take ownership of the vehicle at that time. The monthly payments are normally cheaper than a hire purchase arrangement.

read more about personal lease purchase

Ready to choose your car?

We aren’t tied to any car manufacturer or funder so we can bring you the best personal lease deals from across the market at any one time. If you’re looking for the latest electric car, a sporty number, or prestige vehicle or simply want to see what you can get for your budget, we can help. We’re confident we can find you the right car leasing deal.

Still not sure?

Then give our dedicated account team a call to discuss your needs on:

0113 387 4240

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