When it is time to get a new car, one of the most important things you need to decide is how you will pay for it. Will you decide to opt for a brand new car? Will you buy it outright using money from when you sell your old vehicle with a service like Sell My Car Direct? Will you get a car on finance? Or will you lease a vehicle? There are so many options and it is down to you to find the right one for you. All options have their own benefits and drawbacks and it can depend on your own personal situation to what you go for. If you are unsure, then leasing can be a great option for you. Not too familiar with leasing? Here are some top benefits to leasing a car.
- You aren’t losing any value
When you purchase a brand new car, it depreciates as soon as it leaves the forecourt. This means that even if you were to sell it a month later, it would be worth a lot less than you paid for it. When leasing a car this is something you never have to worry about as your leasing company will take care of your car at the end of your contract.
- You can get a more expensive car
Cars are expensive. By leasing a vehicle it enables you to access the latest cars at a monthly cost that you can afford. You wouldn’t necessarily be able to pay upfront for these types of cars and so you can drive something that you wouldn’t have been able to otherwise. It is a good idea to shop around and try different dealers to see which is the best for you and what has the best deal – many will price match too so it’s worth asking!
- No upfront cost
When you are leasing you don’t usually have to put up a big monthly cost. Instead you just need to pay monthly for the lease contract. This can be great for people that don’t have a large sum of money saved to put as a down-payment on a car. The monthly payments are also usually less than those of a finance agreement on a car.
- You can swap cars regularly
If you are someone that gets bored of what you are driving or always wants the latest tech, then leasing enables you to do this. When you buy a car you normally end up keeping it for years, yet with leasing that is not the case. Depending on your contract length you could be driving a beautiful, brand new car every 12, 24 or 36 months.
These are just a few reasons that leasing a car can be a real benefit. You will get to drive around in a car that you love and would not be able to afford to pay for with money upfront. When it comes to deciding to lease, you need to think of your lifestyle and your preferences before making a decision. Have you ever leased a car? What are your thoughts?