vehicle leasing

Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay. The key difference in a lease is that after the primary term (usually 2, 3 or 4 years) the vehicle has to either be returned to the leasing company or purchased for the residual value.

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  1. R

    Dilemma MG4 needs swapping

    Hi All Anyone else having financial problem sorting out a new car. My dilemma is negative equity ( totally horrendous values) with 3 year old MG4 on PCP Finance. I cannot get a deal that is anywhere Near what I am paying now. It’s 3 years into a 4 year contract and not sure if I can hand it...
    • retrobloke
    • Thread
    • car finance mg4 negative equity personal contract purchase vehicle leasing voluntary termination
    • Replies: 8
    • Forum: MG4 EV Forum
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