If there comes a time when you need to get a new vehicle, one of the biggest questions is whether you should lease or purchase it. While buying it means that you own it outright, leasing has a whole host of different benefits that could be great for you. It’s down to you to think of your own personal circumstances and decide what is best for you. Leasing a vehicle is a commitment but also means that you don’t need to pay a lot upfront and you can have a new car or van every few years. When you purchase a new car, it depreciates as soon as you leave the forecourt meaning you essentially lose money right away. Here we take a look at some top reasons to lease your next vehicle and why it is such a good idea.
You can get a new vehicle every few years
One of the biggest benefits to leasing a vehicle instead of buying it is that you can get a brand new vehicle every few years. When you buy a car it is usually a long term investment, but leasing one means that you don’t need to worry about having it for a long period of time. This means if you are someone that gets bored of a car or van after a few months, you know through car or van leasing you can have a shiny new vehicle in no time at all. When you first sign up for your leasing contract you can choose how many years you want to have it for and this tends to be one year, two years or three years but it can differ depending on your preference. This means you know how long you will have that vehicle for before it is time to exchange it for another new one – it is a win-win situation!
There isn’t a big upfront payment
One of the biggest qualms about purchasing a vehicle is that you often need to pay upfront or put it on finance with a hefty deposit. This can take a big strain on your finances, particularly in the current climate. A lot of us don’t have thousands and thousands of pounds just sitting in the bank waiting to be spent. Because of this, it’s a good idea to look into leasing a car instead. When you lease a car you do have a deposit but this tends to be a couple of months worth of the lease payment which you will discuss when you first sign up for the agreement. This means you will know what you will need to pay and it will usually be less than what you would need to pay to purchase a car. If you are someone that struggles to save but has money to spend each month on your lease it can work well for you. Remember to think of your own finances and put these first making sure you can afford whatever you choose.
You don’t need to worry about it losing value
As stated above, when you lease a car, it loses value as soon as you drive it out of the forecourt. This means that if it comes to time to sell it in the future you will be losing money on it no matter how well you keep it and what a good condition it is in. When you are leasing a van or car you never have to worry about selling it on as this isn’t something that you will need to do. When your contract comes to an end, your leasing provider will sort out so that your current car is collected usually the same day as your new one is delivered and then you can just relax and enjoy your new vehicle. You don’t need to worry about what happens with the old one and getting rid of it, you can just sit back and enjoy your new vehicle with no stress.
You always have the latest tech and safety features
Another brilliant reason to lease a vehicle is that because you are getting a new one every few years you are always benefiting from the latest tech and safety features. This includes things such as the best spec inside and updated sat navs. If you are a family person who has children it is vital that you have the best safety to keep them safe when you are driving them around. If you work for business and have to pick up clients, it makes a much better first impression if you are to pick them up in a nice new car. They are both benefits of leasing that you wouldn’t get if you had a car for a number of years.
You can get a good deal
With leasing there tends to be a lot of good deals and you can find a brilliant, top range car that you might not be able to afford otherwise. Speak to your lender to find out what is on the market that fits what you are looking for and see what you can get. You are sure to find a fantastic deal to suit.
These are just a few reasons why you should look to lease your next vehicle. It can feel a bit daunting if you have never leased a vehicle to do it, but once you have you will never look back. It is easy and convenient and you will be left with a car or van that you enjoy to drive and that you are proud to be behind the wheel of. If you are in business you always want to make a good impression and through leasing you can do that by knowing you have a top of the range vehicle to turn up in. Have you ever leased a car or van? If so, what are some reasons that swayed you to do so? Let us know in the comments below, we would love to hear from you.
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