TextIf you have been searching for a business BMW car leasing deal but are yet to find one which meets all of your individual needs and requirements, as well as budget, look no further – Here at Swiftlease we are confident that we will hold a leasing plan perfect for you.
Below you can see some of our most popular BMW models available for lease, simply click on the models that you’re interested in to discover full information regarding the leasing plans available. If you would like one of our car leasing experts to help you find the very best deal, call 01254 411 411 today.
Are you considering leasing a BMW? Personal car leasing has become an increasingly popular option, but there is a lot to know when it comes to leasing one of these vehicles. When you are negotiating to lease a vehicle, here are some of the vocabulary words that you will come across and what they mean:
This term describes the predicted value that the vehicle will have when it reaches the end of the lease agreement. The monthly payments you will expend will be based on the difference between the residual value and the selling price.
This type of lease allows you to give the car back at the end of the lease term with no requirement to buy it. You will simply be able to pay for any mileage coverage or wear and tear and then walk away. At this point you could take out another lease on a different vehicle if you choose.
With this type of lease, you will be obligated to purchase the vehicle at the end of the lease period for a predetermined amount of money. When you are leasing a BMW, it is recommended that you choose the open end option so that you will have less risk at the end of the lease term.
This term refers to the miles that are driven above and beyond what was agreed upon in the lease. There will be a charge for every mile beyond the allowance, which will be added to your payment.
This is the amount of time agreed upon for the lease. It can be any length of time and it is usually measured in months. For example, 24 months, 60 months, etc.
This is another individual who signs the lease agreement along with you. By doing this, they will assume an equal amount of responsibility for the repayment of the lease or the loan.
Your leasing agreement should have maintenance cover, which should include all of the basic servicing of the car. This includes batteries, tyres, exhaust systems, remedial maintenance work and other maintenance the car might require. Usually impact damage and accidental damage will not be included.
If it is not automatically included in the lease package, you will probably be offered “GAP Insurance”. It stands for guaranteed asset protection and it will cover the remainder of your lease payments in the event that your car is stolen or if it is totalled in a crash. It is not necessary to have, but it might give you peace of mind to know that you are protected no matter what happens.
These are just a few of the important vocabulary words that you should understand when you are leasing a BMW. Before you search around to lease a BMW, make sure that you will understand the jargon you will hear at the car dealership – so that you can be well informed and make the best decision.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
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