Driving · Money

The Benefits of Car Leasing

The Benefits of Car LeasingWhen it comes to being a motorist, there are a lot of expenses to consider. Aside from the initial purchase price of a car, there’s the tax, insurance, MOT costs, maintenance, fuel…it all adds up. There are, however, cheaper ways of running a car, such a leasing, so we’ve teamed up with Car Lease Supermarket to talk to you about all of the benefits of leasing a car instead of buying outright. Here are a few of them:

You’ll Get More for Your Money

When you lease a car, you usually find you’re driving a better vehicle than you would if you had bought one. This is because, with a car lease you only pay the car’s depreciation for the lease period, not the value of the car (because you don’t own it). As a result, your monthly payments are usually lower compared with other forms of finance, so you can lease a better make, trim or option.

You’ll Always Have a Newer Model

After the initial lease period ends, you will be able to exchange the car for a brand new vehicle. This means that you will be able to reap the advantages of having a new car on a regular basis, allowing you to get the maximum benefits of fuel economy, performance and safety. It also means that you will be able to avoid massive depreciation costs, as you do not own a vehicle that is likely to be rapidly losing value.

You’ll Reduce Your Monthly Outgoings

Apart from fuel and insurance, when you lease a car you know exactly what motoring is going to cost you because your expenses are rolled into one – monthly payments, Road Tax and breakdown cover. And if you include a maintenance package, your ability to budget becomes even stronger because you’ll know what’s going out of your account all in one go.

Cheaper Maintenence

Leasing provides much lower maintenance costs than other forms of buying. This is because the person leasing the car does not retain ownership, so general maintenance costs are covered by the manufacturer’s warranty period. If the car being leased requires servicing or repair, the costs will be covered; this usually includes tyre and exhaust replacement.

No MOTs to Remember

Generally speaking, lease car are less than a year or two old, and cars don’t need to be MOT’d until they’re three years old. This means that it’s unlikely that you’ll ever have to worry about MOTs with a lease car because you’ll have upgraded to a newer model before it’s even due.

Bonus Tip

If you really don’t use a car that much but still need one to get around occasionally, why not think about using All Transportation Network to book reservations for chauffeured transportation? You’ll be travelling in serious style and saving yourself a whole lot of hassle.

Driving

Five Reasons to Lease a Car Instead of Buying

Leasing a New CarFor many of us, when we think about having a car, we immediately think of buying a vehicle. But there is a different way – leasing! It was estimated in 2018 that 1.6 million Brits lease their car and we don’t doubt that that figure is even higher three years on. With this in mind, I thought I’d talk to you today about the reasons for leasing a car, rather than buying:

The Cost

Believe it or not, the monthly cost of leasing a car is often cheaper than monthly finance payments. In fact, many people find that they’re able to afford a much nicer vehicle for their budget when leasing than spending the same money on finance. And don’t forget, most Leap vehicle leasing  will allow you to buy the vehicle outright at the end, if you want to.

Value

There’s that old adage about new cars losing a huge amount of value as soon as you drive them off of the forecourt for the first time, and that’s something that is definitely true. However, when you lease a car instea dof buying, the value of the vehicle is someone elses problem. Because you’ll be returning the car to the dealer instead of selling it, you don’t need to worry about losing anything when you’re ready to get a new vehicle.

Maintenance

Many new cars offer a warranty that lasts at least three years. So when you take out a three-year lease, most of the repairs should be covered. Leasing arrangements mean that you won’t have to worry about the expense of repairs, should something go wrong with your car. Also, new cars don’t require MOTs for the first three years either, so you won;t have to factor this into your budget.

That New Car Smell

There’s nothing quite like the feeling of driving around in abrand new vehicle, and that’s a feeling you get to keep when you lease a car – when the lease is up in a few years, you can return it and get your next new car. This means that you’ll always have a new car which is maintenance and MOT free, too!

No Need to Sell

Are you the type of person who hates to haggle? If so, you probably hate the idea of selling your used car to a dealership or a private buyer. With a lease, you simply return the car. The only thing you have to worry about is paying any end-of-lease fees, including those for abnormal wear or additional mileage on the vehicle, but this is something you can keep an eye on yourself throughout the lease, so you should have a rough idea of what these charges might be.

Driving · Family

The Advantages of Leasing a Family Car

The Advantages of Leasing a Family CarIf you’re in the market for a new vehicle, you may be thinking about buying one, either old or new. There are, however, a lot of reasons to consider leasing a car, instead of owning one outright. Here, we look at five reasons for leasing a car and why it could be the best decision for your family:

Spec Upgrade

Most people who lease a car find that they’re able to afford a much better model than they would if they were buying the car outright.  your monthly payments are typically lower compared with other forms of finance, so you can lease a better make, trim or option. Take a look at Blue Chilli Car Leasing Deals. 

Peace of Mind

With a lease car, you’re going to be driving a brand new car, rather than one which is older. This means that you’re less likely to have breakdowns or issues which cause the car to be unreliable, so you’ll have peace of mind that you’re driving your family around in something to rely on.

No MOT

Because lease cars are usually brand new, they also won’t need an MOT. In fact, new cars don’t need an MOT until they’re three years old, so if you choose continue to upgrade your vehicle after a year or two, you’ll never need to deal with nail-biting MOTs again!

Easy Monthly Budgeting

Apart from fuel and insurance, when you lease a car you know exactly what motoring is going to cost you because your expenses are rolled into one – monthly payments, Road Fund licence and breakdown cover. And if you include a maintenance package, your ability to budget becomes even stronger

Value

When you purchase a new car, the value depreciates the second you drive it off of the dealers forecourt, but when you lease a car this is no longer a worry. You don’t have to worry about fluctuations in the car’s trade-in value or go through the hassle of selling it when it’s time to move on.