Leasing a new BMW is often considered a better decision than buying one. When you lease a car, you’re only going to pay a portion of the total price of it. Moreover, it will cost you less compared to paying off a car loan.

Aside from getting the comfort and driving experience of a luxury car, there are many reasons why you should consider leasing a BMW. The main reason is that the regular rental price is fixed, which makes your budgeting straightforward, with no unexpected hidden costs if you stick to the terms of the lease.

There are normally two types of leasing arrangements: Full Payout and Balloon. Both arrangements offer fixed rentals throughout the lease agreement. With Balloon Leasing, the rentals are lower than the Full Payout Leasing Option. However, you might need to pay more when the lease agreement ends.

If you go for the Full Payout Leasing option, you should first decide which car you want. Then, choose your desired rental period and agree on a deposit amount as well as the regular rental fee. When your agreement ends, you can sell the car to any third party or any authorised BMW dealer in the UK and you can refund the entire proceeds of the sale. If you want to continue leasing your car when the agreement ends, you can pay an annual rental for another leasing period.

The same process goes if you opt for the Balloon Leasing; however, you should also agree to a resale value of your BMW car for the future. In the event that you sell the car for more than the resale value stated in the agreement, you’ll receive the entire proceeds of the sale. If you sell the car for less than the agreed amount, you’ll have to make it up to meet the resale value.

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Car contract hire has become a household term. In recent years, numerous car companies have sprouted up, offering customers classic and modified car leasing ventures. These companies have vast selections of cars of different class, model, and function. Cars of all shapes and sizes with all types of engine are now available to customers from all walks of life.

The mechanics concerning car contract hire ventures are comprehensive and not too complicated. The leasing client must familiarise himself with several terms that will be addressed in the deal, such as the initial and monthly payments, mileage restrictions, and residual value. Initial instalment amounts are calculated based on the car’s overall value, including interest and value added tax. After completing the initial contract requisites, the client can freely drive the car, provided that he keeps an eye on the mileage restrictions. Mileage restrictions are set to prevent the car from suffering the wear-and-tear effect of over-usage. Upon the contract’s expiry, the client is entitled to get the residual value if he sets aside the purchasing option. A leasing contract term can last for 24, 36, or even 68 months.

Car contract hire provides many advantages over the car purchasing option. One of these is its easy-to-manage feature. Another great advantage of car leasing is its flexibility value. One need not have the problem of how to resell an overused car on the market. With car leasing, a client can shift to another model and, at the same time, recover the residual value, which the client is rightfully entitled to.

By engaging in a car contract hire scheme, one will no longer have to figure out how to dispose of an old car. In such a scheme, the solution is just another lease away.

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Ok here is your list of new cars for June 2009

Ferrari California Open Top
Citroën C3 Picasso
Nissan Pixo
Renault Megane Sport Tourer
Lexus RX
Renault Scenic/Grand Scenic
Toyota Verso
Volkswagen Polo

Brief summary with each car

Ferrari California Open Top
Comes with a folding metal roof a coupe and a convertible. It does have 4 seats or what Ferrari call a 2 plus 2, but it’s cramped it the back so just use it as a 2 seater. Expect the optional extra list to be fully loaded and the car basic

Citroën C3 Picasso
Not a very pretty Citroen a high estimated release price at £10.5k. The best looking bit of the C3 is the Alloys.

Nissan Pixo
Bigger than the Micra but smaller than the Nissan note. Collaboration between Suzuki and Nissan, so expect it to be based on the Suzuki Alto.

Renault Megane Sport Tourer

Estate version of Renaults popular Megane, Expect it to be a big seller

Lexus RX
Updated version of the old RX but it wasn’t a great seller. The new Lexus RX will come with an electric motor, is this Lexus’s idea to try and make it green and a good seller

Renault Scenic/Grand Scenic
Looks cheapish and mass produced expected to cost £16,750. maybe try looking at a VW Touran

Toyota Verso
Updated version of the current Verso that is a seven seater MPV

Volkswagen Polo

This will be a big seller for VW a very sharp looking polo front headlights look similar to the New Golf’s

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