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  • FIRST POST
    • JOEYjo38
    • By JOEYjo38 11th Sep 17, 6:30 PM
    • 2Posts
    • 0Thanks
    JOEYjo38
    Car Leasing
    • #1
    • 11th Sep 17, 6:30 PM
    Car Leasing 11th Sep 17 at 6:30 PM
    Not sure if I am in the right place as new to this forum. Could anyone tell me what happens with car leasing.
    I have been leasing a car now for 2 years and would like to continue leasing another car once this current lease has finished. Would I have to find another deposit for the next car or will I just carry on from here, making monthly payments. Thanks
Page 1
    • wgl2014
    • By wgl2014 11th Sep 17, 6:34 PM
    • 364 Posts
    • 208 Thanks
    wgl2014
    • #2
    • 11th Sep 17, 6:34 PM
    • #2
    • 11th Sep 17, 6:34 PM
    Unless it's a PCP deal (balloon payment at the end with option to keep the car) then you will end the lease and start afresh. That means a new deposit and finance agreement.
    • Ebe Scrooge
    • By Ebe Scrooge 11th Sep 17, 6:35 PM
    • 3,982 Posts
    • 3,397 Thanks
    Ebe Scrooge
    • #3
    • 11th Sep 17, 6:35 PM
    • #3
    • 11th Sep 17, 6:35 PM
    What does your contract say ?

    And what do you mean by "leasing" ?

    It's fairly common for your old car to be used as a deposit for the new car, so long as you meet the T&C's. But it will all be laid out in your contract.
    I may not know much about art, but I know what I like.
    • loskie
    • By loskie 11th Sep 17, 7:03 PM
    • 1,149 Posts
    • 695 Thanks
    loskie
    • #4
    • 11th Sep 17, 7:03 PM
    • #4
    • 11th Sep 17, 7:03 PM
    if it is a LEASE at the end of it you just start again. You are 2 years in yet you don't know! Before you sign up for a new one can I suggest you know what you are getting into.
    • JOEYjo38
    • By JOEYjo38 11th Sep 17, 11:31 PM
    • 2 Posts
    • 0 Thanks
    JOEYjo38
    • #5
    • 11th Sep 17, 11:31 PM
    • #5
    • 11th Sep 17, 11:31 PM
    Thanks for the reply. It is a PCP. Had a lot happened between the sign -up and now. Thanks again.
    • Mercdriver
    • By Mercdriver 11th Sep 17, 11:55 PM
    • 1,444 Posts
    • 971 Thanks
    Mercdriver
    • #6
    • 11th Sep 17, 11:55 PM
    • #6
    • 11th Sep 17, 11:55 PM
    Thanks for the reply. It is a PCP. Had a lot happened between the sign -up and now. Thanks again.
    Originally posted by JOEYjo38
    How much of a deposit you will have to find will depend on how much, if any, equity there is in the car you hand back at the end of the term.
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