Car leasing and a used car boom

col74

I recently watched this video, which although based on experiences in Canada, got me thinking about the lease market here in the UK.
It's a Global News YT video with the title "Used Car Boom: Why they are worth more than ever"  I can't post a link as I'm a newbie.


I'm considering having a lease car next time around and so selling my current car probably within the next few months.
This video makes me wonder, does this or will this affect the market in the UK?
At the end of the lease am I likely to be without a vehicle?
Are lease extensions a thing and if so, how much would a lease a extension cost?
Are ICE vehicles more or less of a challenge than EV's?
Are lease companies transparent about this?

Thanks

Grumpy_chap

What is the lead time for the lease vehicle you are considering?

Westin

Why have you posted on Consumer Rights?

Would the Motoring forum not have more subject specialists?
https://forums.moneysavingexpert.com/categories/motoring

col74

I searched for a similar topic, it brought me to that section, there is a cross-over with consumer rights, but as I'm a newbie I may have made a mistake,
Is cross-posting permitted?

col74

Grumpy_chap said:

What is the lead time for the lease vehicle you are considering?

I was thinking of the starting a lease in the next couple of months

Archie_Duke

col74 said:

Grumpy_chap said:

What is the lead time for the lease vehicle you are considering?

I was thinking of the starting a lease in the next couple of months

The question is aimed more at the availability of the car you want to lease. Lead times for lots of manufacturers is many months. Something pre-registered off the forecourt or an agency’s stock wouldn’t mean a delay.

born_again

col74 said:

I recently watched this video, which although based on experiences in Canada, got me thinking about the lease market here in the UK.
It's a Global News YT video with the title "Used Car Boom: Why they are worth more than ever"  I can't post a link as I'm a newbie.


I'm considering having a lease car next time around and so selling my current car probably within the next few months.
This video makes me wonder, does this or will this affect the market in the UK?
At the end of the lease am I likely to be without a vehicle?
Are lease extensions a thing and if so, how much would a lease a extension cost?
Are ICE vehicles more or less of a challenge than EV's?
Are lease companies transparent about this?

Thanks

Yes. Lease is just the same as car hire. You pay for the usage, not the actual car. When you get to the end of the lease period you just hand it back.
You will also find that very few lease Co's will let you actually buy the car from them even if you want too.