Owning a car is often more trouble than it is worth. Unexpected bills, depreciation, warranty issues and then the hassle of trading it in or selling it privately.
That’s when vehicle leasing really comes into its own. It’s a great and convenient way to drive a new car without the usual headaches of actually owning one.
Plus vehicle leasing is usually a lot cheaper too.
That’s why increasing numbers of new car buyers are asking themselves whether they want to spend their hard-earned money to buy a depreciating asset – or whether they should lease a vehicle instead.
Most people wrongly believe that only big firms can lease cars but individuals can take out a lease too – though it’s usually referred to as contract hire.
Vehicle leasing is growing in popularity and it is a fairly new concept for people to understand.
What it boils down to is this: you get a new car every two or three years, pay a lower monthly leasing fee than you would do if you had bought it and then you get to swap it for a new vehicle when the lease is up for renewal.
You also don’t have the headaches mentioned previously about getting it serviced – or even getting it taxed since the leasing firm will simply post you the new tax disc!
One of the UK’s leading vehicle leasing firms is Firstvehicleleasing.co.uk and its managing director Andy Bell said: “For many people, leasing is a relatively new concept but it is a great way to fund a new car. Having said that what might be right for one person may not be the best course for others.
“Buying a car outright and leasing it instead are very different options but for many people the advantages of leasing far outweigh any advantages to owning a car.”
There’s no doubt too that you will create a more successful image because you will be trading your car in for a new model every two or three years.
You will also avoid one of the most upsetting aspects of owning a car – and that’s the amount it loses during the period you own it to depreciation. That’s because the depreciation cost is borne by the leasing company.
Andy adds: “Leasing a car also saves you the trouble of having to sell or trade in a car when you want to renew. With a lease you send the vehicle back and, with most people who lease, take delivery of a new car.”
For more information about car leasing deals, contact Firstvehicleleasing.co.uk on 0800 298 2030 or visit their website for more information.