Benefits of Leasing a Car

Why Leasing a Car Might Be Your Best Move Yet 

Stuck in that "should I buy or should I lease?" loop? I get it - car decisions are never straightforward, are they? But here's something interesting: more and more of us in the UK are skipping the whole ownership thing and leasing instead.  

Like your phone, Netflix, Apple TV, Apple Music...  

Let's break down why leasing might just be the smartest way to get your next set of wheels.  

Keep More Cash in Your Pocket Each Month 

Let's talk money first - because that's usually what seals the deal. 

When you lease, you're only paying for the bit of the car's life that you're using. Think about it - a new car might be worth £25,000 today, but in three years it could be worth £15,000. With leasing, you're only paying that £10,000 difference (plus interest and fees), spread over monthly payments. 

Sometimes, you can get a really good deal and end up paying less than the car even depreciates!  

New Car Smell... Every Few Years 

Do you get bored easily? Like to have the newest versions? Leasing is perfect for people who enjoy changing things up. 

Every 2-4 years (depending on your lease term), you can hand back your car and upgrade to the newest model or something completely different. No more driving around with an outdated infotainment system that doesn't connect to your phone properly, or missing out on a new deal. 

The crazy new car depreciation 

We've all heard the scary stats - a new car can lose 20-30% of its value the moment you drive it off the forecourt. When you're buying, that's a painful hit to take – even on finance. 

With leasing? Not your circus, not your monkeys. 

When your lease ends, you just hand the keys back. The car's value has dropped? That's the leasing company's headache, not yours. You just move on to your next shiny new vehicle without a second thought. 

Fixed Costs & Easy Budgeting 

Life throws enough financial curveballs without your car joining in. With leasing, you know exactly what you're paying each month - no surprises. 

You can even add a maintenance package that covers servicing and general upkeep. My last car needed new brakes and tyres in the same month, which would have been a painful bill to swallow all at once – luckily, I had maintenance.  

Road Tax? What Road Tax? 

Seriously, when was the last time you remembered to renew your road tax on time? With leasing, you can forget it even exists - it's included in your lease. 

One less admin task to remember, one less payment to make. It's a small thing, but those small things add up. In fact, scrap that, on some cars it is upwards of £50 per month!  

Warranty Wonders and Breakdown Bliss 

Because most lease cars are brand new, they're covered by the manufacturer's warranty for the entire time you have them. Some even come with breakdown cover thrown in. 

Picture this: it's raining, it's cold, you're on the M25, and your car decides it's had enough for the day. With a lease car, you're covered for recovery and repairs without digging into your own pocket. 

Maintenance Made Easy 

Nobody likes unexpected repair bills - they always seem to come at the worst possible time, like when you've just booked a holiday or right before Christmas. 

Many lease deals let you add a maintenance package that covers servicing, tyres, and repairs. It's usually just a small amount added to your monthly payment, but the peace of mind is priceless. 

Say Goodbye to Selling Stress 

Selling a car privately is up there with root canals and tax returns on the fun scale. The time-wasters, the lowball offers, the strangers coming to your house... 

When your lease ends, there's none of that. You just arrange for the car to be collected, hand over the keys, and you're done. No ads to write, no tyre-kickers to deal with, no haggling over a hundred quid with someone in your driveway on a Sunday morning. 

Tailor-Made for Your Life 

Leasing isn't one-size-fits-all - you can tweak it to suit your needs: 

• Only need a car for two years because you're working abroad after that? No problem. 

• Drive a lot for work? Go for a higher mileage allowance. 

• Want to keep your monthly payments super low? Put down a bigger initial payment. 

• Prefer to spread the cost more evenly? Opt for a smaller upfront amount. 

Business Benefits Too 

Running a business with company cars? Leasing can be even more of a no-brainer. 

There are potential tax advantages, possible VAT savings, and it keeps your cash flow healthier because you're not tying up large sums in depreciating assets. Plus, your staff get to drive around in shiny new vehicles that make your company look good - win-win! 

Is Leasing right for you?  

Leasing isn't for absolutely everyone, I'll be honest. If you regularly clock up massive mileage, plan to keep your next car until it qualifies for an antique license plate, or you're determined to own something outright eventually, then you might want to look at other options. 

But if you: 

• Like the idea of a new car every few years 

• Prefer predictable monthly expenses 

• Don't want to deal with selling a car later on 

• Enjoy driving the latest models with the newest tech 

• Want to potentially drive a nicer car than you could afford to buy 

...then leasing could be your perfect match. 

Want to chat about whether leasing makes sense for your situation? Drop us a line - we're always up for a car chat (perhaps a little too much, according to our families!).