A quick guide to car leasing

A quick guide to car leasing

Have you ever thought about leasing a car instead of buying or renting? If you have, you are one of an ever-growing group of people who have realized that leasing a vehicle is a financially sound decision that allows you to drive off in a new car every few years and saves you money in the meantime. You can organize car leasing in Leicester and throughout the UK with the click of a mouse, and it is not only regular cars that are available with a lease deal ‒ vans and prestige cars can also be found.

What is car leasing?

Firstly, let’s establish what leasing a car really means. You will be entering into a rental agreement over an agreed period of time ‒ usually two, three or four years ‒ for a set monthly cost. Only you will have access to the vehicle during this time and you won’t incur any hidden or unexpected costs. The cost of depreciation to the vehicle will be covered by the lease company when you hand the car back. As you don’t have to make a down payment or pay a deposit, leasing works out to be less of a strain on your finances.

According to the Telegraph, you will be better off when you lease a car rather than buying it with cash.

Finding a leasing company

You will need to ensure that you organize your lease deal through a reliable company; for example, car leasing in Leicester via Total Motion is a great option. The best way to find a leasing company with a good reputation in the sector is to conduct some online research. Read testimonials, check out blogs, compare prices, and ask people you know for a personal recommendation.

Benefits of leasing

According to the money experts at Nationwide there are many benefits to leasing over buying. These benefits include:

• Fixed monthly payments.
• Low initial investment cost.
• Includes breakdown recovery.
• Includes road tax.
• Drive away in a new car every few years.

All leased cars will be covered under the original manufacturer’s warranty, which is another huge draw for many trying to weigh up whether they should buy, rent or lease their next vehicle.