Have you ever thought about leasing a car but was unsure to do so because you was worried about the long term committment, cost, possible hidden pitfalls or that you would not own the vehicle outright.
Let me offer you guidence in this time of doubt for I have just leased a car from Vehicle Options and would like to share with you the benefits that car leasing can bring.
Personal Car Leasing
For me the main advantage leasing a car over buying a second hand car is the cost. For example if I buy a second-hand Ford Focus 1 year old for £14k, an average load company would charge around £420 per month for three years.
If I on the other hand I decide to lease a new car for personal use I will only pay £249.00 per month (Vehicle Options), saving almost 170 p/m.
Business car leasing
While the benefits of car leasing are obvious there are also many tax benefits for business car leasing. If you are a business owner you could lease a car for yourself or lease company cars for team members at a great rate.
The main advantage to car leasing is that upgrading to a new model is more hassle free, no worries selling your current vehicle and no advertising cost. When the contract ends simply upgrade.
There will be many that will disagree because you will not own the vehicle, but who wouldn’t want to drive a brand new car for the same amount as the loan on a second hand car. If you do your homework, there are lots of good car leasing deals out there to suit all.
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