Lease World specialise in cheap car leasing by matching most competitive suppliers with the cheapest finance company and offering the best car lease deals in the UK. To save you money we may purchase the vehicle from Inverness and use a finance company in Cornwall so long as our customers get the best and cheapest lease deal.
We always have a good selection of car and van leasing special offers and deals which change regularly.
There are many types of finance which all share the heading leasing however the lease will normally fall into one of the following categories. Contract Hire or Personal Contract Hire (PCH), Finance Lease, Contract Purchase or Personal Contract Purchase (PCP) and Hire Purchase (HP).
Contract Hire and Personal Contract Hire (PCH) are both long term leasing where there is no guaranteed future value (balloon). At the end of the lease period the user generally has the option to renew or replace the leased vehicle, however normally also has the option to purchase the lease vehicle and the price calculated dependent on current market values. With Contract Hire car leasing additional facilities such as Full Maintenance can be bolted on.
Contract Purchase and Personal Contract Purchase are broadly the same as Contract Hire and Personal Contract Hire with one key difference. At the start of the lease the finance company will set a guaranteed future value (GFV) otherwise known as a Balloon Payment, which if chosen will be the price to purchase the leased vehicle at the end of the lease period to take ownership of the vehicle. With Hire Purchase you are funding the total vehicle cost rather than the difference of the vehicle cost and the residual value.