Car Leasing

[AndrewKirkley]

i am looking at contract hireing a audi 7 series are there any pifalls that might not be obvious. has anyone had problems when handing the car back at the end of the lease period.

and do all firms charge 1 months or similar for the first payment

[rockyracoon]

My neighbour always leases Audis and he said they are very strict about inspecting the car when it goes back, he actually gets a spray over before he gives them back. Could just be the dealership that he uses though.

[BRIGHT SPARK]

The fair wear and tear limits are clearly laid down in the t@c's.Most now offer smart insurance..so for a one off payment of around £300 you get cover for most minor things,like stone chips,small dents wheel scuffs,etc.This is detached from your main insurance and in no way affects it.Most deals will require 3 months down and 23 payments........or 6 months down and 35 payments..or even 9 months down.Do the sums and add up the total payments for the duration.If the sums add up try to go for the smallest deposit, because if the car becomes a total loss within the first months you will lose the deposit.The overall costs for some high end cars will not even cover depreciation and make a lot of financial sense..if its a new car you want.However if you are not VAT registered the gains will reduce significantly.