Traditional contract hire agreements generally last between two to four years. But what if you need a shorter term solution? Daily car rentals can be a very expensive affair due to the short-term commitment.
A solution that sits in between these two car finance options is short-term contract hire. This Yes Lease post explains how short-term vehicle leasing works and hopefully helps you to determine if it is the right choice for you.
Short-term vehicle leasing explained
In a nutshell, short-term car leasing works the same as traditional vehicle leasing, except it’s over a shorter time period of between three and 12 months. For customers looking to extend this, we can sort out rolling contracts.
Unfamiliar with leasing? Simply put, you pay for the use of a car over a fixed period through small monthly instalments. When the contract expires, the car must be returned to the leasing company.
Why choose a short-term car lease
The benefits of short-term leasing are similar to the advantages of regular leasing:
Drive different cars
Can’t make up your mind whether to get a new Audi A4 or the BMW 3 series? Why not drive one and then the other when your contract ends? Because of the typical length of a short-term lease, you could change cars every three months to a year.
One of the obvious benefits of leasing a vehicle is that it opens up your options. An upmarket car that would have been too expensive to buy outright, is made more affordable with a lease.
Brand new cars
All cars we provide are brand new, which means drivers get to enjoy the latest features of the newest models. New cars also tend to be more energy efficient and safer on the road.
Short-term leasing is a great solution if you need a car for a shorter, fixed period. Should your circumstances change, there’s always the option of a rolling contract.
Perfect for temporary situations
Not everyone needs a long-term commitment. Shorter agreements are ideal for companies hiring staff on probationary periods or temporary contracts, or supplementing a larger fleet of vehicles. A short-term business lease is also a great option for employee recognition and reward programmes.
Fixed costs for better budgeting
The monthly payments for a lease agreement are small and fixed, so you know exactly how much you’ll be spending. This allows you to manage your budget more efficiently.
Make sure you shop around for the perfect deal for you. Talk to the team at Yes Lease, who will be happy to answer all your questions to help you make the right decision. Call 01782 254444 or email firstname.lastname@example.org with your requirements.