Why car leasing
Car leasing was traditionally only used by businesses, however it is now becoming more popular than ever with personal customers. The percentage for personal leasing is increasing year on year in the UK.Personal customers are turning to a car lease rather than choosing to own the car out right in order to gain many benefits.
Leasing a car through contract hire or personal contract hire is not for everyone but can be very beneficial if your change your car often, especially if you normally take out a standard loan to cover the costs. Car leasing an average can be up to 60% less per month than taking out a standard car loan, you don’t need a huge deposit with road tax and brake down cover normally coming included in the monthly payments.
Contract hire prices are calculated on depreciation making more desirable cars more affordable to lease. The more expensive cars tend to hold their value making the monthly leasing cost far lower than trying to finance all of the cars value. Audi car leasing and VW car leasing prices are great examples of this. The hassle of owning a car is taken away and with delivery and collocation at the end of the contract included you don’t even have to worry about finding a buyer.
Now is a better time than ever for business to switch to car leasing through contract hire as the vehicle is kept off the balance sheet and allows you to expand your fleet without the need for a huge cash injection. Maintenance can be included to offer fixed price motoring, meaning you will always know how much your vehicles are costing you and you will avoid sudden costs related to owning the vehicle out right. With most contracts lasting between 24 and 36 months you can keep your vehicles up to date and take advantage of the manufactures warranty.
