Once the car lease agreement gets over, the leasing company collects the car from your given location. It can be your home or office. Additionally, if you want, you can go to the dealership for returning the car. You do not have to pay any money only if you follow all terms and conditions of your agreement. Now, you can opt for another car from there or leave that place.
Generally, a leased vehicle include:
Manufacturer’s warranty
Road tax
Break down cover
If you want to skip all hassles, you can opt for all-in-one car insurance and damage cover packages that cover all expenses. Furthermore, maintenance and support packages are great options in case you want the leasing company to cover all small to big damages to the car.
Yes, it is possible. You can return a leased vehicle before the ending of the contract period. But, in this case, you may have to pay a penalty. Most dealers will ask you for paying the whole amount together if you return your vehicle before the contracted time.
When you finalize a leased car from a dealership or online, it becomes the responsibility of the leasing company to get your car delivered to your doorstep. Generally, the delivery takes one to two weeks. Once the car gets ready, the company itself delivers your chosen vehicle at your given location.
Car buying and leasing are two completely contradictory concepts. By buying a car you become the owner. Therefore, you need to take care of your car, financially. Paying expensive car loans, entire maintenance charges and PCP loans become your responsibility.
But, on the other hand, when you opt for leasing, all you have to do is to pay the timely rental charges. Additionally, you can select new cars each time your leasing period gets over.
So, as an ex-pat, leasing a car would be a great decision.