Wake Up To Leasing…
More and more people are waking up to the idea of leasing their next car, according to figures from the British Vehicle Rental and Leasing Association (BVRLA).
The BVRLA’s figures show that the sector grew by 20% in 2014 as a record number of motorists capitalised on the benefits of leasing.
S5 Quattro 2dr Tiptronic
- 8k Miles p/a
Per Month, INC VAT
Initial Payment: £4,010.04
It’s easy to see why.
Unlike a PCP or finance deal, which sees you pay for the car (plus a bit of interest) over a set period, customers who lease will usually only have to pay for the depreciation, potentially cutting your total outlay by a considerable amount.
That’s because the leasing firm owns the car and will sell it on once you’re done with it, effectively allowing the company to sell it twice.
There’s more to it than just that though. Generally speaking, the leasing company will have more bargaining power than individuals, so the cost of the vehicle will be lower and that saving can be passed on to you.
Even better, the price of the car is effectively fixed. A new car will always be under warranty, so maintenance costs will be minimal, while some deals include servicing and road tax, allowing you to rest easy knowing almost exactly what your car will cost you for the next few years.
You won’t have to worry about selling the car on at the end of the lease either, or about getting a good price for it. You simply hand it back to the leasing company and move on to your next set of new wheels.
And if you think it’s just businesses feeling the benefits of leasing, think again; private motorists are getting in on the act too.
So if all this appeals, take a moment to search for the leasing deal to suit you and see what you could be driving…