Northridge Cars Vehicle Leasing

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How Car 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.

Leasing allows you to reap the benefits of a brand new car, without having to find the funds upfront. As long as you meet the criteria and can afford the monthly payments, you will be able to drive a car with the latest technology on the market today.

If you are a business, this can be 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.

What happens after the initial period?

It's quite simple. Once your initial contract is up, simply return the car back to us and choose a brand new car to lease. You don't have to worry about the depreciation, the value of the car or have the stress of selling your car.

As long as the car meets the conditions and you have not exceeded the agreed mileage, you won't have any additional to pay. We will then show you our latest deals and you can select a brand new car from our selection.

You also have the opportunity to add a maintenance package to your agreement which covers breakdown, mechanical and electric repairs to name a few. All you need to think about it insuring your new car and adding petrol. 

NORTHRIDGE CARS  IS AUTHORISED BY THE FINANCIAL CONDUCT AUTHORITY. We are a credit broker and not a lender, which means we can introduce you to a limited number of finance providers, who may pay us a commission. Registered No : 661126

Registered in England & Wales with company number : 4256533 | Data Protection No : Z3092722 | VAT No : 772506230  BVRLA Leasing Broker Registration Number 1965

Registered Office : 1-3 St Albans Hill, Hemel Hempstead, Hertfordshire, HP3 9NG

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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