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Short-term personal car leases have become more common in recent years, with lease terms as short as 3 months now available.
Short-term personal car leases have become more common in recent years, with lease terms now as short as 3 months now available in the UK. A short term car lease offers you flexibility and convenience without having to commit to a long-term financial commitment or an expensive purchase.
Short-term personal car leases typically last between 3 and 18 months so let you switch cars more frequently without the hassle of having to sell or trade in a vehicle.
ACL Automotive are one of the UK’s leading companies for short-term car lease deals, with a huge range of makes, models, and competitive pricing.
To find out more, go check out our 3 month, 6 to 9 month, and 12 to 18 month deals.
Before you look at the deals though, here’s an overview of all you need to know about short-term personal car leases.
All about short-term car leases
Short-term leases let you test out a new car model, get a temporary car for business or personal use, or if you just want to long-term financial commitments of a traditional lease or purchase. But before you proceed, it's important to consider how short-term leases work.
What is a short-term car lease?
A short-term car lease agreement lets you lease a vehicle for a shorter period than a traditional lease, typically two years or less such as a year. Short-term car leases are ideal for individuals who need a car for a shorter period – this can include drivers including students, temporary workers, or people who are in-between cars and need a quick solution.
Short-term personal car leases work the same as any other, as you will to make monthly payments to the leasing company. It’s worth considering that short-term leases can sometimes have higher monthly payments than traditional leases due to the shorter lease term.
The benefits of a short term car lease deal
- Flexibility: One of the main benefits of taking out a personal short-term car lease is the flexibility it can offer. If you only need a car for a few months or a year, 3 to 18 months could be ideal.
- Lower costs: Short-term car leases can also be more cost-effective than long-term leases or car ownership. With a short-term deal, you won’t have long-term monthly payments to worry about. You also won’t need to worry about maintenance costs or MOTs.
- Not a long-term commitment: If you're unsure about your future plans or unsure about your financial future, a short-term lease gives you peace of mind.
We wouldn’t be doing our job if we also didn’t highlight the potential drawbacks of a short-term personal lease. As you can imagine, they will sometimes come with higher monthly payments than longer-term ones.
According to Forbes, the monthly lease payments for a 12-month lease can be up to 82% higher than a 36-month lease for the same vehicle. This is because short-term leases are riskier for the leasing company, so they charge more to offset that risk. More so with a 6 month car lease.
You might also find that the mileage allowance is lower than what is offered with traditional leases. If you then go over the mileage allowance, you can incur additional charges per mile.
How to find the best short-term car lease deals
We believe we have some of the best deals on the market. You can view them all from our homepage with prices starting as low as £299.95 + VAT per month.
As with any financial commitment though, do your homework.
Before signing a lease agreement, it's important to read the fine print. Make sure you understand all the terms and conditions of the lease, including any fees or charges that may apply. Pay particular attention to the mileage limits, as exceeding these limits can result in additional fees.
If you have any questions or concerns about the lease agreement, don't hesitate to ask. It's better to clarify any issues before signing the agreement than to be surprised by unexpected fees or charges later.
The bottom line is that short-term personal car leases can be a great option for those who need a car for a shorter period of time. They offer flexibility and can be a cost-effective solution for those who don't want to commit to a long-term lease or purchasing a car outright.
