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Car Leasing Online: Is your dream car a few clicks away? (Page 1 of 2)

Car leasing online offers are an attractive alternative to traditional car leasing, offering many financial rewards in addition to the same maintenance benefits.

How many people do you know who have taken out a lease on their latest car rather than the traditional route of purchasing from a dealer or through private sale?

The chances are if you lived in the USA a good number of your family, friends and co-workers would have opted for a ‘car leasing’ arrangement, also known as contract hire. Car leasing has been popular for many years in the States and recently has become a phenomenon in the US motoring industry, now accounting for around one in four cars on the road.

Driving towards a UK car leasing revolution The UK car market has been slower to act but finally it seems that the benefits are getting through and it looks like we are on the brink of an explosion in demand for leased cars. The growth potential is huge – latest estimates reveal that only around one percent of cars are covered by leasing deals in England, Wales, Scotland and Northern Ireland.

As scores of new car leasing/contract hire companies emerge and compete to gain early market share and establish their customer base, the UK public is being presented with an incredible opportunity to drive a great car for a really superb price.

Car leasing: take the road less traveled The appeal of car leasing is down largely to the fact that through leasing it is possible to get behind the wheel of your dream car without paying out a fortune.

If you love cars but your aspirations are bigger than your budget, it could make perfect sense to take the less conventional route of leasing. With traditional purchasing, you need a large lump sum and as soon as you buy a new car the dreaded depreciation begins. Within a few years the vehicle’s value has plunged, which can make selling it on a real pain. As a result, drivers often stick with the same car for many years, despite longing for an exciting new drive to rev up their life.

With a leased car, depreciation is the contract hire company’s problem – and you can relax behind the wheel with a stress-free, low maintenance experience. There are many additional benefits to car leasing, which are all contributing to building the early market. Here is a round-up of the key reasons why leasing is often better than buying:

– Drive down the payments: The monthly payments with car leasing are usually much lower than with typical car purchase loans – Stay in the fast lane: Keep up with the latest trends in car design and manufacture by moving to new models much more often – Appreciation, not depreciation: Cars can often be leased for less than the cost of the depreciation to a new car, so you can enjoy the fact that you don’t own a declining asset – Throw away disposal costs: At the end of the lease, you just hand the car back, and don’t have to worry about cost and hassle of selling or scrapping – Take control of your money: With leased cars, no large lump sum cash payments are required so your money is not tied-up in one purchase – Be free and easy: There is no need to negotiate with mechanics over repairs, deal with maintenance bills or road tax, as these should be the responsibility of the contract hire company.

Cheap unsecured loans- Try if you have good credit history to boast of.

Unsecured loans are the most sought after loan products in the UK loan market. The borrowers feel secured as their loans are unsecured. Anybody who goes for a loan has three things in mind- his financial requirements get fulfilled, he gets loan at a low APR, and the deal involves less risk for him. Risk is measured by the presence or absence of asset as collateral. Unsecured loans are popular because the borrowers need not pledge any asset in lieu of getting the loan.

However, absence of security increases the risk for the lenders. He can take legal action against the borrower, should the latter default on the loan repayment. However, the case usually takes a long time to be settled. So, the lender covers the risk by charging high APR on unsecured loans. The amount that can be availed as unsecured loans is less as well. So, if you need finances for a major project like buying a house, secured loans will serve you better.

People generally look for cheap unsecured loans in the market. But getting it is indeed a daunting task. If you have an excellent repayment history, credit score and DTI (debt to consolidation) ratio, you may get a cheap unsecured loan; but the APR charged will still be higher than that charged on secured loans. Market research and trends prove that most unsecured loans are taken for debt consolidation. People with multiple debts don’t really have any good credit score to boast of. So, getting cheap unsecured loans can be difficult. There are bad credit unsecured loans in the market as well. Sub-prime lenders offer these loans to the borrowers suffering from poor credit score owing to recurrent arrears and defaults.

Borrowers looking for cheap unsecured loans need to have an excellent credit history. High street lenders don’t prefer giving unsecured loans, more so after the increase in the rate of personal insolvencies in UK over the past year. But with online media becoming popular, one can look for these loans on the Internet.