For the majority of people who choose to lease their car, the main attraction is the fact that they can swap their car for a shiny new one every 2 to 3 years. For the car lovers out there who have a low boredom threshold, leasing is the ideal solution. There are several other advantages to leasing a car though, which is why it’s becoming an increasingly popular way to own a car.
Easier to buy
If you’re looking at buying a new car with cash or on a Hire Purchase (HP) agreement, then it can be an absolute chore trying to find the best deal. You have to spend hours talking to dealers and making negotiations. When you lease a car, none of that is required. You simply find the car you’re looking for, note the price and place your order. In most cases the entire process can be completed completely online, so you don’t even have to leave the comfort of your armchair.
Easier payments
We are in an age where we can pay for virtually everything on a monthly basis, and leasing a car is no exception. People prefer to pay monthly as it allows them to better manage their spending. Many people get paid once a month so they find it easier to budget for a fixed monthly expense that coincides with their paycheck. It can be quite difficult to save a sum of money large enough to buy a brand new car when you’re paid monthly, so leasing allows you to have the best of both worlds.
The best cars
As with virtually all aspects of the motor industry in the UK, leasing is a very competitive market. Leasing companies have good relationships with the largest manufacturers which means that they are able to negotiate the best deals. The savings they make are then passed on to customers so that the leasing company can also be competitive. As motorists, we can use this to our advantage.
When you lease a car, you don’t own it. This means that you don’t pay the full value of the car. Instead you only pay for the depreciation over the period of time in which you are driving it. This is why it is often considerably cheaper to lease a car than purchase one on Hire Purchase (HP). So the chances are that you may be able to buy yourself something a bit more flashy than you ever thought possible.
Less worries
New cars are far less problematic than old ones. Today’s technology, manufacturing capabilities, and fuel economy are all much better than they were just a few years ago. This means that owning a new car automatically gives you less motoring headaches in the form of breakdowns and repairs. All new cars have some form of manufacturers warranty, so in the unlikely event that something did go wrong you wouldn’t have to fork out your own money to pay for it. New cars are much less of a worry.
However, new cars aren’t new forever. But that’s the beauty of leasing. By the time your car reaches 2 to 3 years old when some regular maintenance is required, you can simply chop it in and get another brand-new car without the hassle of having to maintain it. Usually all you have to do is get it serviced once per year. And when you do come to get rid of it, you don’t have to content with all of the hassle of selling it, you just give it back.
Latest tech
If you’re driving a brand-new car then it also means that you are driving with the most up-to-date technology available on the market. So you can relax and drive happy knowing that you have all the newest toys and the best safety enhancements.