PAL – We Make It Easy
Paying high dealer prices?
Why, when you can purchase cars below wholesale? PAL was established with you in mind. We guarantee the lowest lease rates possible with the service you deserve. No haggling, No pushy salesman, and best of all no worries.
Our low overhead costs will provide rates to you that no dealership can match. We purchase vehicles factory direct, so markups, commissions and surcharges that an average dealer would charge are eliminated. PAL purchase vehicles funded through primary lenders exclusively, giving you the security and control of your purchase.
So whether you are looking for an affordable Ford or sport utility vehicle or treating yourself to an ultra-luxury town car or high performance sports car, we can service all of your needs. Any make or model. Once you have selected your vehicle of choice, our highly trained team will be more than happy to assist you. We can acquire any vehicle nationwide, at a price that CANNOT BE BEATEN! PAL will serve all of your automotive needs from picking the colour and interior, to getting the lowest price and payments possible!
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My old car is about to die on me yet again, so it’s time for a new car. I’m wondering if I’d be better off leasing my next car instead of buying it. Which is the better deal, leasing or buying with a finance loan?
Dear Mr customer
Since buying a car is one of the biggest purchases you can make, it’s wise to take a look at all your options. Both leasing and buying have advantages and disadvantages, just like renting versus buying a house.
The most obvious difference is that with a lease, you get a new car every few years and don’t have to deal with the hassle of selling the car later; just hand the keys over to the dealer and get a new lease.
When you buy a car, on the other hand, each payment you make on a financed car builds equity; once you pay off the loan, it’s yours free and clear and you can sell it. At this stage however some finance schemes in the market can leave you out of pocket. Bearing in mind that once the final payment has been made the buyer has repaid the total interest amount. In some cases the car has badly depreciated and the sale value is too low to make a significant difference to your next purchase.
Car leasing is the quickest way to reestablish your credit. Simply take a lease and make intime and in full payments for the full term usually 36 months, then just hand the keys over to the dealer and get a new lease.
What to consider when buying vs leasing.
1. Your monthly cash flow: Leasing a car often has a lower monthly payment compared to financing a car with the same loan terms, since with a lease you’re paying for the depreciation of the car during those years rather than the whole vehicle cost. If you need access to more cash every month, leasing may be more favorable.
2. Available savings for a deposit and initial fees: Most lease agreements have low deposit schemes or you can get the dealer to waive the deposit , and you’ll pay less for the sales tax on a lease as well. As with the lower deposit leasing has a smaller impact on your budget and cash balance.
3. How much do you drive: If you drive a lot—over 10,000 to 15,000 miles, depending on the lease agreement—you’ll probably have to pay extra for each mile. Finance4wheels says many leasing companies charge x to x a mile for additional miles, but you could pay less if you buy them upfront when you negotiate the lease. Finance4wheels does note that the extra mileage penalty sounds daunting, however if you were plan on trading in a car you bought, you’d be penalized for above-average mileage too.
4. How hard you are on the car: If you’re prone to getting scratches on your car or have a high risk of damage to it from kids or other hazards, a lease may not be for you, because of the wear-and-tear fees. Wear and tear fees vary and would depend on your agreement, but these are typically limited to the total of three months’ lease payments.
5. If you drive the car for business: When you lease, a portion of the car’s depreciation and financing costs can be deducted on your taxes. Interest on loans to buy a car, however, aren’t deductible.
6. How long you plan on keeping the car and how flexible you need to be: This is a big consideration, of course, since if you really only want to drive the car for a few years, leasing is the most convenient option.
However, you’ll pay a lot if you try to get out of the lease before the term is up—as much as six extra months of payments, yourcarfinder need to be sure you can stick with the terms of your lease.
Run the numbers for your situation
There are other considerations, such as lifestyle ones (do you want to always have the latest auto tech?) and avoiding having to deal with hefty repair bills for an older car, in which leasing may seem more favorable, or whether you want to avoid confusing terms and agreements (buying may be better). If you just want a quick calculation on which makes the most financial sense, use our favourable leasing calculator: https://pennineautolease.co.uk/
You’ll be able to look at factors such as annual depreciation, loan and lease fees, and interest you could earn on the money you save upfront by
Contacting a yourcarfinder team member is another useful tool. We have a calculating wizard that asks you things like how well you maintain your cars and what your credit rating is like.
In the end, your decision will come down to your budget and your driving needs, but we’d almost always recommend leasing as a favourable option. Good luck with your decision!