Car leasing may feel like a relatively new model in the world of UK car finance, but it’s a proven model that has been around for years. Every day, thousands of UK motorists are making the switch to car leasing agreements for a variety of reasons. Lower cost, greater choice, and even special breaks for businesses are often top of their list of reasons why. Let’s take a closer look so you can see why they’re moving over in droves.
Reducing your upfront costs
Everyone wants to pay less for their vehicle, and leasing a car is the smart way to make it happen from day one. Putting down a minimal deposit compared to traditional car finance means you will keep plenty of your savings in reserve for all the other things life is sure to send your way. You’ll also be able to make sure that you don’t fall into the trap of spending a huge part of your savings buying outright, only for your car to rapidly lose value — all the risk is with the leasing company you’re renting from.
Enjoying monthly predictability
Maintenance will be less, leasing payments will be fixed, and regular servicing will be highly predictable. It’s all because you’ll be driving one of the very latest models that comes with fuel-efficient engine technology, a more comprehensive warranty, and the benefit of years of extra development and refinement compared to older models.
Saving on service bundles
Established car leasing specialists will be more than happy to help you customise your agreement so that you can bundle it with other services. Maintenance packages, breakdown cover, and road tax are just a few of the options that many smart drivers choose to add in at this point. The beauty of it is that not only could you end up paying less, but you also streamline your personal or business finances because you’ll have a single fixed monthly payment.
Driving the latest models
Getting on the road in style and with enhanced fuel economy and safety is what leasing a car is all about. The latest models look the part, have the substance to back it up, and will be in the garage for a fraction of the time of an older vehicle. If you’re looking to boost your profile at work or you’re a car lover and you want to treat yourself, leasing a brand-new car is a great option to consider. Not only that, you’ll also know that you’re going to have the very latest navigation and built-in entertainment options when it’s time to do those long drives to visit friends and family.
Funding future purchases with ease
Depreciation is the drop in value that your car experiences the moment you own it, and it can easily be 50% or more in as little as 2-3 years. Even though you may one day own your vehicle outright and not have to pay monthly anymore, you will be stuck holding an asset that is worth little or nothing.
Over time, it will require more and more maintenance, the maintenance will get more expensive and unpredictable, and the car will be harder to sell to fund your next purchase. If you lease, you avoid all of this by simply renting a brand-new vehicle from the leasing company and then handing it back when your agreement finishes.
Scaling your business faster
If you are leasing a vehicle for business use, you may be able to claim back the VAT on all of the monthly payments that you are making to the leasing company. This is great news if you want to be able to reduce your monthly outgoings at the same time as scaling your fleet, and all without having to run the risk of driving older, cheaper vehicles that are sure to let you down sooner rather than later.
The last word
Speaking to one of the UK’s established leasing experts will ensure that you get the best possible deal for your family or your business. It’s the smart, simple, and stress-free way to get behind the wheel of one of the very latest models for a fraction of the price you might expect. Exactly what you want to hear when you’re looking to make your budget go a lot further every month.
Now that you know why leasing a car makes sense, all you have to do is reach out and then leave the hard work to the experts.
