We purchase the car you choose, allowing us to claim back the VAT. This means that your rentals are calculated on a VAT exclusive price. You choose the car you wish to drive, agree your annual mileage and decide your hire period of between 24 and 60 months. Choose whether to include a full maintenance package within the monthly rental. Your rental is calculated based on your choices. At the end of your term, simply return the car to Abarth Financial Services (within the agreed mileage and in good condition), choose your next car and start again.
Best Suited For: Customers who want a new car regularly without ever owning it.
Typical cost: Monthly lease payments usually between £100 and £400 per month.
How it works: Customer chooses a vehicle and how long you want to lease it for and states what annual mileage they do. These three factors determine your monthly payment and some schemes have an option to include servicing and maintenance of the vehicle. You rent the vehicle for the stated term and give the vehicle back at the end of the contract.
Drawbacks: You normally have to pay a few months’ rental in advance. You cannot modify or cancel the contract and you are liable for all the rentals for how long you are renting the vehicle. At the end of the contract you must pay charges relating to any excess mileage and any damage on the vehicle that is not fair wear and tear.
Corts Ltd is authorised by the Financial Conduct Authority to carry out credit broking activities in relation to the sale of motor vehicles. Corts Ltd IS NOT a lender and uses a variety of finance lenders.