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How leasing works

A lease is essentially a long-term rental agreement, offering exclusive use of a car for a set period at a fixed monthly price.

As a business, this is the most cost efficient method of funding the vehicles as it takes advantage of the tax and vat regulations to reduce the whole life running cost of your vehicles and is supported by the buying power of the finance company, to assist in reducing the cost even further.

The greatest cost of running any new car is depreciation, and many new cars will lose more than half their initial value after the first three years of ownership.

Leasing explained

Leasing a car lets you avoid any unexpected costs by offering a fixed monthly payment for the term of the lease.

Unlike dealer finance or bank loans you only pay for the depreciation of the vehicle over the term rather than the full capital value.

Rather than pay large deposits you simply pay a small initial amount, usually equivalent to three monthly payments, at the start of the lease.

Then, at the end of the lease period (typically two or three years), you simply hand the car back. The job of selling the car and picking up the tab for depreciation is the responsibility of the lease company.



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Email : contact@vanango.co.uk

Telephone : 01733 595890

Company Address :
Vanango
Brightfield Business Hub
Bakewell Road
Orton Southgate
Peterborough
PE2 6XU

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Vanango is a trading style of Cazevo Ltd who are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 823900

Registered in England & Wales with company number : 11622366 | Data Protection No : ZA520675 | VAT No :

Registered Office : Brightfield Business Hub Bakewell Road, Orton Southgate, Peterborough, England, PE2 6XU

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.

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