Times are changing, and with the cost of living in the UK being what it is, road users and commuters need to change their mindset and adopt a different approach to car usage.
What are these approaches?
And is there a solution that will save you some money?
Leasing a car is fast becoming a popular option for those who want the convenience of driving a new car without the hefty costs involved.
Read on to find out just how you, too, can save money on your next vehicle when you choose a lease car.
The Benefits of Leasing
If you need a bit of persuading to understand the benefits and convenience of car leasing offers, this section is just for you as we go through the pros of leasing a car.
#1: Affordable Monthly Payments
First up on our list is an easy one, and it deals with the cost of leasing a car.
With car leasing, you pay a fixed amount every month for the duration of your lease term.
This payment includes road and sales tax, an optional service or maintenance plan, and the rental fee of the vehicle.
Did you know that when you lease a car, you are only paying for the vehicle’s residual value and not the total value of the car?
Residual value is the value of the vehicle at the end of the lease term.
This, too, is added to your monthly repayments, making leasing an affordable and cost-saving option that you should consider if you’re trying to cut costs.
Negotiate the various aspects of your leasing deal to suit your needs and your budget, and experience the convenience of a leased car.
#2: Convenient Leasing Terms
Leasing affords you the opportunity to drive a brand-new car every two years if you choose.
Leasing terms are available as follows: 24, 36, 48, and 60 months.
Want to keep your monthly repayments as low as possible? Choose a longer lease.
Look out for special offers and other discounted deals when you compare deals across leasing companies or dealers, and select one that will make the most financial sense.
If you’re happy paying a little extra to drive a new car more often, you can select a two-year lease – but be aware that this will increase the cost of your monthly repayments slightly.
Choose a lease term that suits your pocket and drive off in your brand-new car today!
#3: Maintenance and Service Plans
We know the frustration of having to hurriedly gather some money together to cover your car’s service or upkeep costs.
Kiss this worry goodbye as you choose a maintenance and service plan that sees you covered for just about anything while paying a low monthly cost for this service.
While some dealers include these services in their monthly repayments, others do not so make sure that you ask for a breakdown of your monthly rental charge and see what is covered and what is not.
Should you choose to forego a maintenance plan, you can rest assured that your lease car is still covered under the manufacturer’s warranty if something major goes wrong.
#4: The Tax Benefits of Leasing a Car
Yes, folks.
You read that right.
There are tax benefits to leasing a car.
If you lease a car for business purposes, you can claim these as a business expense and get money back on your annual tax return.
Lease a car for your business and get paid to do so!
Why a Lease Car can be a Great Idea
Recent statistics show that between 20 and 30% of all cars on the UK’s roads are lease cars.
That’s a pretty impressive figure for a country that prides itself on its public transport system.
Why choose a bus or train that is not only inconvenient but also unreliable when you can drive your own car for a fixed, low monthly cost?
Leasing is a smart choice for both young and old.
Starting your first job and want to splash out on a shiny set of wheels to impress the girls?
Lease a car.
Down-sizing and don’t want to saddle yourself with the hassle of having to sell a vehicle?
You can lease a car and conveniently hand it back to the dealer at the end of your lease term.
But Is There a Catch?
Leasing sounds too easy and too cheap to be a legitimate option, right?
Wrong!
With leasing, what you see is what you get.
Read the fine print, ensuring that you take note of the terms and conditions associated with leasing and understand what you are getting yourself into before you sign on the dotted line.
Speak to your car leasing company or dealer today about car leasing special offers that will help you save money, and remember to compare these deals across a few dealers.
A little bit of research on your part can go a long way in ensuring that you get the best value for your money.
Conclusion
Leasing need not be a costly and complicated procedure if you know what to look for.
And with more people looking for ways to cut their cost of living while still enjoying the finer things in life, leasing a car for as little as two years just makes sense.
Read the benefits of leasing above, thinking about how each can help you save money and keep your monthly spending on transport as low as possible, and consider leasing a car today.
There are a number of great deals out there, so take your time and consider each aspect before making your final decision.
Say goodbye to the hassles of having to sell your car every few years to drive something newer.
With leasing, you simply hand back the keys to the dealer at the end of your lease term and walk away.
It really is as easy (and affordable) as that.
Happy leasing and driving!