Low rate car finance for new and used cars
Thinking of buying your dream car? Savvy offers a complete range of car loan options to suit all needs.
A Car lease is a business product which allows you to have the use of a car or commercial vehicle while the lender retains ownership of the vehicle for the term of the lease. The lease term can vary from 2 to 5 years. At the end of the agreement, the customer can pay a final instalment and own the car. There is also the option of trading for another vehicle or refinance the residual balloon amount and continue leasing.
The customer can opt to have a larger residual payment at the end of the lease, thus reducing the monthly rent or lease payments. The monthly payments are fixed and all the costs are known in advance. Monthly payments can be made in advance, which can be useful at tax time.
A Lease would suit a company, sole trader or partnership and individuals who use the vehicle to generate an income.