Taking out a personal operating lease can be a cost-effective way of financing a new vehicle for a private individual. The benefits of choosing a personal operating lease can be found below.
1. Fixed monthly rentals allow you to set up and manage your budget.
2. A personal operating lease provides an additional line of credit.
3. The vehicle is simply returned at the end of the lease agreement.
4. You get to change your vehicle every 2, 3 or 4 years.
5. The vehicle is registered to you the customer. This sometimes results in cheaper insurance.