What is Sainsburys Drive Car Leasing Scheme?
Often referred to as an Operating Lease or maintained contract hire, the vehicle is sold to the Leasing Company and is then leased to an individual customer (you) for a fixed period and at a predetermined monthly rental, which is referred to as the Rental Payment. The rental is determined based on the vehicles predicted value at the end of the contract, the rental period, interest, and the mileage the customer believes they will not exceed by the end of the contract.At the end of the contract the customer (you) will return the vehicle to the Leasing Company.
I had a similar lease before and I can say that it’s pretty stressful. The thought that the car is not yours and if something happens you’ll have to pay for everything makes you very anxious. I also had a triple net lease (by the way if you want to know more about this look here https://findigits.com/triple-net-lease )and I will never want to do that again. Happily, now I have my own place and my own car, so there’s no need for such actions, but there are so many people who still have to deal with that.
