It can be annoying when you are investigating something on the internet and you come across the jargon of the industry / profession that you are looking into. It is often terminology that they use within their industry each and every day and can be so ‘normal’ for them that they forget that outsiders, and customers, have not come across it before.

The most obvious one in the Car Leasing industry is probably where this term, or something similar, is written: 3+35 Months – have a look on our website and you will see what I mean! Just to clarify, this means that it is a 3 year deal with a payment profile of: an advance payment equivalent to 3 of the rentals followed by 35 monthly payments. (ie if the monthly rental is £200 then the initial payment will be £600)

There are different deals on offer all of the time – sometimes it can be for a shorter period – ie 3+23 is a nice short 2 year deal, still with the initial payment being 3 of the monthly rentals. Or you could go for a slightly larger initial payment to bring down your subsequent monthly costs if that suited you better – ie 6+35 which would be 6 payments in advance followed by 35 months.

With Contract Hire or Leasing the initial payment (or deposit) is non refundable and is part of the overall amount that you pay. You typically pay this just before you take receipt of the car and the monthly payments start one month after this date.

I hope that I have explained that but if you have any questions (or this has confused you even more!) then please do ask.

About the Author

Steve Roberts is the Owner of Avatar Vehicles which was established in 2007. Many years of experience make him an expert in the field of vehicle leasing and all aspects of motoring. He is passionate about helping others to obtain cost effective, no nonsense deals on their cars – saving them both time and money with any vehicle purchase.