Is Leasing A Car Just A Big Old Money Pit

Posted on 11 November 2014 by Tony Santos


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There are many reasons someone might choose to lease a car rather than buying directly. Some people might need to lease due to a lack of funds, whereas others might choose to go down that route to get a better car than their budget could handle. Still, a significant amount of experts believe that leasing is a bad idea financially. For that reason, we’ll try to present you with some information to help make up your mind. At the end of the day, you don’t want to make the wrong decision, and this post should help you to avoid that.

Lease cars are cheap

No matter what the experts might say, lease cars are very cheap when you think about it. Most will come with tax and insurance, and some will even make it into your possession with a tank full of fuel. You might spend upwards of £10,000 when buying a new car from a registered dealer. Whereas you could have the same model for less than £150 per month if you choose to hire.

Lease cars come with flexible contracts

Although you will have to ask the leasing company to provide you with the exact terms of their contracts, most are pretty flexible. That means you can swap and change your car every month if you are not 100% satisfied. That is not the case when you choose to purchase direct from a registered dealership.

Lease cars are less hassle

You only have to read through the small print on reputable websites like to see there is no hassle involved when leasing a car. Should the vehicle suffer any issues, you don’t have to worry about sorting them out yourself. Simply let the hire company know about the problem, and they will arrange for the car to be fixed. In the meantime, you will be given a replacement.

Leasing cars gives you more choice

If you have your eyes on a particular model, opting to lease could be the best solution for you. No matter which car you would like, you are certain to find a UK leasing company with one knocking around. As we said only a moment ago, you can swap vehicles if you change your mind.

Leasing cars allows you to get high-end models

If you have a job that pays average wages, the chances of you ever being able to afford a new Jaguar or Mercedes-Benz are pretty slim. However, you could drive away with one in a matter of minutes if you decide that leasing is the best choice for you. Sometimes we all have to create the best impression, and leasing will help you to do that.

To answer the question posed in the title of this post, “no, leasing a car is not just a big old money pit.” In fact, leasing can be much better than breaking the bank for a new model. Just take a look at your financial situation and work out which is the best choice for you.

We hope this has helped to set the record straight!

Categorized | Car Rental

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