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leaseyournextcar.com
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Definitions (16)
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finance application/proposal form
This is a form you need to fill out so that you can be approved for finance. Click here to fill out a finance application
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car leasing glossary of terms
We want to make the process of leasing a car as easy for you as possible. The last thing you want is to be bombarded with industry jargon. Call us now and our knowledgeable sales team will explain eve [..]
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business lease
A business lease is for customers that qualify as any of the following: self employed, sole trader, partnership, LLP, limited company or business owner. The business needs to have been trading for at [..]
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personal lease
Personal contract hire works the same as business leasing but the prices are generally slightly more expensive. You will need to take out a personal lease if you do not qualify for a business lease.
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mileage per annum
This is the amount of mileage you are allowed to do per year for the agreed term.
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contract term
This is the length of the lease contract which ranges between 24 months and 48 months.
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deposit
When you lease a car you are required to pay a deposit. The deposit is usually an upfront payment of 3 or 6 months depending on what you can afford.
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service and maintenance
You can get service and maintenance included in your lease for an additional cost. Maintenance is slightly different depending on the package and manufacture but it usually includes things like repair [..]
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on the road price
How much you would pay if you bought a car from new.
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gap insurance
If your car gets stolen or written off GAP insurance
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