Is it worth leasing a car?

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Leasing a car is good for monthly cash flow control, as contract hire agreements tend to have lower monthly payments compared to car loan finance. This is because with a lease agreement, you are paying for the depreciation of the car throughout the term rather than the vehicle cost.

In addition, leasing a vehicle means that you are likely to get a new car every 2-5 years depending on the length of your contract. Vehicle warranties are also often included, to which the warranty is normally valid for longer than the vehicle lease. This means you are likely to be covered for the entirety of your leasing agreement.

For business owners, leased vehicles are often the better option financially, as they might be eligible for certain deductions such as tax and VAT. These further contribute to better monthly cash flow control.

For more information, please don’t hesitate to contact one of our leasing specialists who will be more than happy to offer their expertise and advice.

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