What components are included in the lease term of a Financial Lease?

What are the costs with Financial Lease?

Financial Lease is a simple form of finance consisting of two main components: repayment and interest.

It works similar to a mortgage, only for your car. With Financial Lease, you become the ultimate owner of the vehicle at the end of the lease contract. The important thing to remember is that Financial Lease is purely about the financing; the other aspects of leasing, such as insurance, maintenance and fuel, are responsibilities you bear yourself.

Other costs that matter:

• Insurance: It is common to take out insurance to protect your vehicle.

• Maintenance and Repairs: Depending on your preference, you can also include a maintenance contract to cover maintenance costs, this is never included as standard.

• Vehicle Tax:Motor vehicle tax is a recurring cost that comes with Financial Lease.

• Fuel / Electricity: Fuel or charging costs are not included in the lease amount and are borne by you.

The exact cost may vary depending on your specific situation and the arrangements in the lease contract. At lease.car, we are happy to help you make these costs transparent so you know exactly where you stand. Our quotes are always without obligation and give you clear insight into the cost of Financial Lease for your car.