Why is car leasing better than buying a new car?

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Leasing a vehicle for either personal or business purposes is an opportunity to get the vehicle you have always wanted with affordable fixed monthly payments. Car or van leasing involves the customer paying an initial down payment in return for the hire of a brand-new vehicle across an agreed amount of time. The customer will pay set monthly payments throughout the agreed time and at the end of the car or van leasing contract term, the customer will hand the vehicle back to the dealership. This means you have the opportunity to have a brand new car every 2-5 years.

At the end of the agreed term, you can either choose to buy the vehicle, or simply hand it back to the finance company. It is a great way to control monthly cash flow, as leasing a car normally has lower monthly payments than a car loan or cash purchase, as you pay for the depreciation of the car rather than the vehicle value. You will most likely have always been covered under a warranty throughout the entire leasing period too, as warranties are normally for a longer period than a leasing agreement.

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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