What Are The Benefits Of Vehicle Leasing?

In todays world, driving a luxury car is now even more affordable thanks to the different finance and leasing options available to us. In the United States around one quarter of the cars on the road are leased.

In the UK, whilst Vehicle leasing is still popular, many drivers prefer to take out car loans of purchase finance which means that they ultimately own the car at the end of the finance term. During this time the car will depreciate in value and servicing costs can become very expensive.

However, there are a number of benefits for drivers when it comes to leasing their vehicles.

Firstly, you could be driving a car that under normal circumstances you wouldn't be able to afford, with all the extra bells,whistles and trimmings. You could also get a car from a manufacturer that might have been previously out of your price range. The car will also be brand new - again something that you might not have been able to afford if you were purchasing it outright.

During the period of the lease it is quite common for road tax to be included, so there is an annual fee that you don't have to worry about. On top of that you can also get maintenance packages included in your lease so things like servicing (and now very often tyres) are included in the monthly lease price. 

One of the biggest factors financially is there that is no large outlay when you pick up the car. Some lease plans may require 2-3 months deposit at the beginning but you may only be talking a deposit of £750 compared to thousands on a purchase or finance package. The price of the vehicle remains the same for the period of the lease so you can plan your finances thanks to the fixed cost motoring of the monthly payments. Lease payments are also very often much less costly than repayments on a hire purchase package or car loan.

Lastly, car leasing is a great way to get a brand new car every three to four years meaning that you can be driving the latest models that are more economical on fuel and have improved handling, performance and safety features.

All in all, it makes a lot of sense to consider a vehicle leasing contract when you are looking to next change your car. The only real downside is that you never get to own the vehicle, but when it comes to cars they are always going to depreciate in value and as they get older become more expensive to maintain and run. With a vehicle contract lease you don’t have to worry about this, you can simply get a new car at the end of your term!

By: Ian79

Article Directory: http://www.articledashboard.com

Austin Vehicle Contracts are a Stoke On Trent Vehicle Leasing Company providing personal vehicle leasing quotations.