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Initial payment agreement

[Music] [Music] happy Thursday it's steve at connoisseur leasing and thought i would check in facebook and firstly thank everyone for all the orders this month March has been a record month for us in the motor trade March is generally a very busy time with new registrations great deals coming out so thanks to everyone that's got in contact with us whether your first car or lots of renewals have come through this month so thanks very much for everyone that's been ordering their cars just very briefly today it sorted to talk about initial payment and how when you take a lease and awfully there's normally an initial rental which then is followed by the monthly payments and it only occurred to us actually recently that some people don't realize that you can change that to be whatever you want it to be so it might be that this particular time when you're leasing a car you don't necessarily have a thousand pounds or two thousand pounds or 500 pounds that you want to put into the deal but you have got the money to be paying the monthly payments how a lease works is each each car has its value for the cost of the lease so if we just take an example they say 5,000 pounds it costs to lease a car from start to finish and your start to finish could be 24 months or could be 36 months or 48 months but either way the costs believe the cars are fixed amount of money how then the monthly payments are work down as you'll see that many websites leasing companies including our own leasing is kind of picked up this set structure of three payments up front six payments up from nine payments up front all payments up from which is absolutely fine but what a lot don't know is you can you can change that so if you don't want to put down three payments up front we don't have put down 12 payments up front you can put no payments up front or one payment or two payments and either way the cost of the lease remains the same so you're not penalized or you don't pay more in most cases if you put down more upfront or lets up from so protect example face 5,000 pounds this is a live video of now the storm going to do maps so this may not work out too good but we take these five thousand pounds and we divided over 36 payments I'm going to guess that might be somewhere around other than 160 pounds of market like that therefore if you've paid no differential the cost of that car over that period would be 166 pounds now on that same deal if you wanted to put down those three payments up front or six payments up from all you're doing quite simply is taking away money from the monthly rentals so if your papers are 160 pounds a month so you're taking 60 off of that tomato poem is a hundred pounds a month all that sixty pounds is then times by the amount of month so say 35 months 36 months then gets loaded onto the front so there might be that your first payment is in the 1500 pounds or 2,000 pounds but your monthly payments have gone down because of what you've taken off the Trump either way from start to finish you're paying the same amount of money and it might be the circumstances are different we're actually it could be useful you don't want to spike these were keep it flat payments all the times you know where you are or you might like putting down a higher payment keep monthly payments lower and also was quite important to know is with the initial payment the initial payment isn't taken until you've taken delivery of the car we were having a chat with a gentleman last night and he was being done the company and you didn't go ahead to the order and he wanted to order a car that was catching me a factory order so it would have been about sort of three months but he believed he had to pay the initial rental on order well that isn't the case the initial rental is only paid once the cars been delivered so you've still got either a month or two months or three months to save up that initial rental if you want to before is actually due to be paid I guess the only advantage sometimes of paying a higher payment up front is if somebody's finances or credit perhaps isn't as strong as it could be the more money you put up front the less and effect you're looking to borrow and therefore know if your credit rating isn't as strong as it could you're more likely paps get approved because you're borrowing a small amount of money like you're more like to get approved for a thousand-pound loan and you are a 5,000 pound alone and that works the same with leasing it's always tortured so you're not sure about your finance or credit or if you're not sure if I put down a large payment or a small payment it's actually worth having a look because you'll see the adverts going out and every leasing company chooses the kind of the best advert and they try and pitch it in a way that the price looks good and then you might then see ours a great price 200 pounds away its with 3,000 pounds initial rental it's always worth playing with those numbers and looking at them and speaking to us or looking on the website because quite often by putting the monthly payments little bit higher it brings down that front payment quite a lot if I actually take a look on our website and connoisseur leasing calm and we can't finish that clearly but to give you an idea we've actually gotten off at the moment and on the Mercedes GLA which is Mercedes smaller SUV thurs based on the aid class but its final on stilts which is the GLA that's address is on offer until 4pm today you might have seen our mailer come out or email come out if you are interested in the GLA to a four o'clock today there's a very very good offer give us a ring and we can talk you through that but I show you that car on our website on our website go to Casterly Singh Kham split the manufacturer mercedes-benz scroll down to GLA this particular offers on the automatic so I'm gonna pick automatic as well and it's also on the diesel and there's our deal there the hot offer on the Mercedes GLA and as its default our website on this particular offer is defaulting to six months up from on ten thousand miles a year over four years so what I mean by looking at these or I'll problems personal rates as well that's the price including the VA T so if you're a personal what probably individual that for price you're paying so first of all if I put that on 12 months up from okay that's great so it's 250 pounds a month so it's an Lisa Mercedes GLA they done bottom here the initial payment now on this area here is basically 12 lots of those that makes up 3,000 pounds that's quite a large lump sums are fine then even if you've got the money so therefore haven't got the money saved up still might not want to use your savings or your capital to pay that payment if we drop that right down just three payments up from that take that right down to 800 pounds almost and the payments only increase up to 290 so you can actually that might be more attractive and even to me and there's a lot of to actually I've got my 3,000 pounds but actually I'm not penalized it's not what an interest or anything so I may I personally with royal perhaps keep my money in the bank and pay a slightly higher payment each month but it's apt every person everyone's different in what you're looking to try and do but do have a look at payments but if you see an advert and the deal looks good the deal is probably good whichever leasing company you're looking at whichever mailer comes through if the price looks good it probably is a very very good deal don't be put off straight away by the initial payment you might see have a look at it and work it back see what is the three payments up front or ask for a quote with nothing up front with its 36 straight payments or 48 pounds always bring us as well and so often people ring in to us and we'll speak in-depth about the payments how you want to do it and we can pretty much tailor it to whatever you want to do which is why we always say we can find you the right car or the right band at the right price because we generally believe we can there's a deal out there we'll find it for you but do have a look at initial rentals and have a think about that's been putting your fleecing and then we can hopefully find you a deal that you lock up of a car and don't forget the initial rental isn't due until that car is delivered anyway I won't bore you anymore thanks very much again for comments and sharing the video and everything else have a nice weekend if we don't speak before and let's get the GLA deal finishes today at 4pm if you would like a Mercedes GLA give the office a call and speak to myself caring in other guys here if you want to join the mailing list please contact us on Facebook messages call into the office go on to our website connoisseur leasing calm and we look forward to hear from you soon thanks very much indeed have a good day [Music]