Short-Term Car Leasing: A Flexible Way to Drive a New Car

If you want to drive a new car without the heavy burden of upfront costs and long-term commitment, then short-term car leasing might be the perfect solution for you. In Australia, short-term leases are gaining popularity, with providers offering more flexibility than traditional car financing options.

A short-term car lease is a rental agreement that allows you to use a vehicle for a certain period, usually less than 12 months. Unlike long-term leases, you never own the car and monthly payments do not contribute to your ownership of the vehicle. Instead, the car is returned to the provider when the lease period ends.

Short-term car leases have many advantages, including lower upfront costs, flexibility, and the ability to try out a new car every month or every other month. Short-term leasing also allows you to have access to a new car when you need it most, such as when your other car is being serviced. Some short-term leases also include maintenance and servicing costs in the agreement, making it a form of car subscription.

Short-term leases are generally more expensive than long-term leases, and the selection of cars may be limited. Some providers also offer smaller mileage allowances, and additional mileage can be costly. Your credit score and history also affect the type of lease deal you can secure.

Short-term car leases are suitable for those who don't plan on keeping a car for a long time or who want to drive a variety of vehicles without the commitment of long-term ownership. They are also ideal for those who are uncertain about their personal circumstances, such as if they plan to move to a new location soon.

Short-term car leasing works like an extended rental. You make regular monthly payments over the course of your agreement, and the amount you pay depends on the car, pre-agreed mileage, and the length of the lease. When the lease ends, you can choose to swap the car for a different one or return it to the provider.

Under most leasing agreements, you are responsible for paying the cost of any repairs to your car during the lease period. Some providers offer maintenance packages that cover scheduled vehicle servicing, yearly MOT, car consumables, mechanical and electrical repairs, and roadside assistance. However, this varies between providers, and all-inclusive packages are more commonly found in car subscription plans.

If short-term car leasing is not for you, there are other options available. Car subscriptions offer a similar experience, where all costs, including tax, insurance, servicing, maintenance, and breakdown cover, are included in one all-inclusive payment. Ultimately, the choice depends on your personal preferences and circumstances.