4 March 2015
4 Mins read

The benefits of leasing

When it comes to driving, many people love to buy a car, but leasing could be a better option.

After all, how often is it that you get a gleaming new moor, which you are assured has had one careful owner, only to discover they may not have been as careful as you hoped? The things that supposedly only worked perfectly soon turn out to be rather more troublesome.

Even if such a worst-case scenario does not occur, even a motor that is fine at first will soon depreciate in value, even if there are no major problems or accidents. That means whatever you paid for it, the car will be worth far less if you sell it on in due course.

The leasing option

Leasing a car offers a good alternative. You no longer need to worry about depreciation, as it is the leasing company who will have to meet that cost in time. It also means that as the car is not actually yours, it will not be up to you to replace it if it has to be written off.

Spread the payments

As a lease is for a fixed period of time, it will be based on making regular payments and this takes away the need to get a potentially expensive loan or empty your savings account.

These payments can include a maintenance charge for any servicing requirements that the vehicle turns out to have, so if any issues arise, it will not lead to a sudden big bill.

Take your time and make checks

Of course, if you do decide to lease a car that does not mean you have to accept the first vehicle that is offered to you. Make sure you get to have a close look at the vehicle and spot any problems. Take it for a test drive to see if there are any problems when you get on the road – and don't be too shy to refuse a car that doesn't come up to scratch.

After all, leasing is about making sure you have a good car all the time – and when one lease ends, you can enter a new deal for another one that is just as reliable.

Here is an infographic that could help you decide if personal leasing is right for you.

Posted by George Davis