What is a Short Term Car Lease?

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Short Term Car Lease

Running Cocoon Vehicles, I do get asked “What is a Short Term Car Lease” on a regular basis. It’s a service we have been offering at Cocoon Vehicles for a long time now, since 2008 to be precise.

It works for many customers from individuals to large corporates bringing workers into the UK on short term working.

Its not as cheap as traditional contract hire and leasing, but it’s a flexible option.

Please read more on my Medium.com Article: What are Short Term Car Leases

Can you lease a car for 1 month?

Effectively, a 1 month car lease is technically a long term car hire/rental, but yes it is possible to lease a car for 1 month.

There are various companies that offer 1 month car hires at reasonable prices, even a car subscription would be a good option.

Can you get a 12 month car lease?

Yes, it is possible to get 12 month car leases but you won’t be able to utilise the mainstream funders. However, there are specialist companies in the UK that offer Short Term Car Leases including 12 month contract hire offers.

What is the minimum time to lease a car?

Usually and according to consumer laws, the time is actually 3 months. Although various companies offer 3, 6, 7, 9, 12 and 18 month short term car leases.

These are ideal if you don’t want to commit to traditional car leases with terms such as 24, 36 or even 48 months.

What are the benefits of a short term car lease?

There are quite a few benefits to a short term car lease, these include:

– Commitment is much shorter making them ideal for employees within their probation period, short term projects or even overseas workers coming to the UK.
– Lower upfront payments and sometimes, certain cars can work out cheaper on a 6 or 12 month contract then on 24/36 months.
– Cars are usually brand new or pre-registered so turnaround time is quick.
– No long term commitments, so are ideal for those who can’t predict the future.
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rhysadams
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About Rhys Adams

I live in Derby and have a beautiful wife and family. I also run my own businesses.

I blog because I enjoy writing.

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