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How to lease a car for under £40 a month

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A new scheme promises to cut up to £100 a month off the cost of leasing

 

Want to lease a car for less than the monthly cost of your iPhone? It is possible as long as you don’t mind the latest fitness fad, energy drink or hotel chain splashed across it. Car Quids, which pays drivers up to £200 a month to put advertising on their own cars, is launching a new service for people who want to lease a vehicle. The scheme works much like a normal lease but the advertising income subsidises up to £100 of the monthly cost.

 

Car Quids and leasing company Multileasing will offer cars with adverts on them from next month. The adverts vary from a simple strip on the windscreen to a full wrap that covers the car. The bigger and more prominent the ad, the larger the subsidy. The service is unlikely to appeal to those who need a car for business, but it could provide a cheap option for personal and weekend drivers.

 

More:

 

http://www.telegraph.co.uk/finance/personalfinance/consumertips/10841049/How-to-lease-a-car-for-under-40-a-month-Car-Quids-claims-big-savings-from-adverts.html


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Distinct lack of information on their website - no company name, registered address, phone numbers, no terms & condtions, website only registered 10th May 2014 for a year only.

 

Sounds too good to be true to me

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I'm not sure about this either.

 

 

My betting is that there is a clause that should the advertising end, you will be liable for the full monthly premium and my suspicious mind says that the advertising 'will' end after so many months but you will be stuck with a contract for a couple of years.

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