Lease for a Short Time
How can car leasing options vary widely?
If you're going to browse further on the previous posts in this site, you will find out that we have tackled quite a variety of car leasing types. Now let me add one more to the prolonging list. Here's what we call short term car leasing.
So what do we mean by short term car leasing? When the usual car lease extends up to three years, short term car leasing is only from three months up to 12 although some companies offer 28 days as the shortest duration.
This car lease type demands the same form of payment as the regular car lease option, which is based on the difference between the value of the car at the start (retail value) and end of the term (residual value). Mileage limit is more stringent in a short term car lease. Any excess of it will be taken against you as residual value addition. You also have to return the car to the leasing company after lease end. You simply don’t have the option to buy out the leased car.
So if you think that this option suits you right. Go ahead and start scouting for the right car now!