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Sons first car?
You'd basically just be 'renting' the car...A lease usually requires a down payment (sometimes large one) and you're bound to it for a certain period of time ranging from one to three years depending on the dealership. The amount of miles you're allowed are limited, and if you go beyond the alloted amount, you'll be charged for them. The contract may also call for a 'balloon payment' in which at the end of the lease, you'll be required to pay X amount of dollars. Some people prefer to lease because you could be driving a new car every year or three years....however long you sign up for, but if you plan on driving a good bit...steer clear of the lease - no pun intended
how do you know if the Odometer is rollback??
As BL said, Leasing is more or less long term rental. Here in the UK you will usually have the option to buy or hand the car back at the end of the term and most companies offer options to cover high mileage.
Can anybody suggest companies that may offer car finance even though my credit history is a bit chequered!?
One advantage of leasing is that all maintenence and repairs are handled by the leasing company (most also include insurance). The downside is that you will never own the car, your payments are for rental only, not hire-purchase.
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