Why you should consider leasing your next car?

22 April 2022

Why you should consider leasing your next car?

Why you should consider leasing your next car?
22 April 2022

The idea of leasing a car is not new, but it's an option that many people don't consider. Leasing a car is a great option for those looking for a new ride, but it's not as widely known in the UK. In the US, leasing is a very popular option, but in the UK, many people are still unsure about what it is and how it works.

Perhaps it's because they're worried about the monthly payments, or maybe they think it won't be as satisfying as owning their own vehicle. But in reality, there are a lot of benefits to leasing your next car. For one thing, you get to drive a new car every few years and, with the help of some maintenance packages, choose not to worry about maintenance and repairs! All you have to do is make your monthly payments and enjoy driving around in style. This article will explore these benefits and give you all the information you need to decide if leasing is right for you!

 

Leasing a car is very simple –

You pay a monthly fee and you can drive a new car every few years. You don't have to worry about the maintenance or repairs, as those can be taken care of by the leasing company if you choose one of the bolt-on maintenance packages available. All you have to do is make your monthly payments and enjoy your car!

You'll also pay less for a lease car. When you lease a car, you're essentially borrowing it from the leasing company for a set number of months or years. This means that you won't have to pay as much for the car as you would if you were to buy it outright. In fact, you might even be able to get a newer car for less than you would if you bought an older one.

When you buy a car, you're paying for more than just the car itself. You're also paying for the depreciation of the car – that is, the amount that the car will lose in value over time. When you lease a car, you're only paying for depreciation, which can save you a lot of money in the long run.

If you're looking to lease a car, you'll need a good credit score. This is because the leasing company will want to make sure that you're able to afford the monthly payments. If your credit score is low, you might not be able to lease a car at all – or you might have to pay a higher monthly payment.

But don't worry – if your credit score isn't great, there are ways to improve it. You can get a copy of your credit report and check it for mistakes. You can also start paying off your debts and improve your credit score over time.

If you're not able to lease a car, or you don't want to, you might want to consider hire purchase.

Hire purchase can be an option if your credit score isn't great. The finance company will want to make sure that you're able to afford the monthly payments, but if your credit score is low, you might not be able to lease a car at all. With hire purchase, you can still get a car, as long as you're willing to make the monthly payments.

However, with Hire Purchase you'll own the car when you've made all the payments, so it might be a better option for some people.Ultimately, it's up to you to decide which option is best for your needs.

 

If you're looking for a new car, be sure to consider all your options before making a decision. Leasing can be a great way to get a new car every few years, without having to worry about repairs or maintenance. Just make your monthly payments and enjoy your ride!

 

To talk to us about any of our options, Hire Purchase, Contract Hire, Personal Contract Purchase and Finance Lease; why not reach out to our team today.