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19th Nov 2017 - We supply all makes and models at competitive prices please ring or email your exact requirements! No admin or processing fees!!

The Big Benefits To Leasing A Car

Around 1 in 4 vehicles in the United States are leased by their owners for private use, and there is a reason why this is the case; leasing is an effective means of keeping finances in check, but still receiving the quality car you desire.

While it is nice, in theory, to be able to say that you drive around in the vehicle you have always wanted and that it is paid off in full, it is not realistic in practice for most.

This is where leasing can be of huge benefit. There are several advantages which we feel tip the balance in favour of renting, rather than buying, your next car…

Depreciating value

It is a known fact that new cars lose their value at a rapid rate; according to The AA, by the end of its first year, your latest purchase will have lost around 40% of the original value on average. Obviously, this is dependent upon various factors, including type of model and how many miles covered per year, but does serve as a good general indicator.

By leasing, you will avoid the possibility of such a large depreciation in value and remove the difficult decision of having to cut your losses and sell at a significantly lower price once the time comes to find another vehicle. You will be paying out a fixed monthly sum and then simply handing the keys back to the company at the end of the contract.

Managing finances

As we have already pointed out, buying a new car in full is, unfortunately, an unachievable target for many of us.

Leasing a car is a cost-effective means of getting your hands on the vehicle you desire when you can’t afford to purchase one outright. With a leasing plan, you will be paying fixed monthly payments over a set period of time, agreed upon when signing the contract. For example, the Audi RS 3 which we have on special offer, is available for personal rental at just £550.80 per month.

Overall, you will find that the cost per month works out at a significantly lower rate than if paying a dealership on finance. As a result, there is more money left over to cover the cost of other monthly bills.

Maintenance

Aside from paying out a large sum for a new car, with inevitable wear and tear over months and years, you will also feel the pinch of regular maintenance costs.

One big plus point to take into consideration when leasing is the option of being able to include a maintenance package. As well as removing the hassle of having to take your car into a garage for repairs, the packages work out at a lower average cost than if going direct to the repair shop yourself.

Personal gain

Finally, if there is a particular car that you have had your eye on and always wanted to drive, then through the power of leasing you have the ideal chance to do just that.

Having a vehicle which is comfortable and efficient makes daily driving far more enjoyable. At 360 Vehicle Management, we offer customers a number of high quality models, including Aston Martin, Porsche and Mercedes-Benz – so you will be totally satisfied that you are getting the most from your car.

For a full list of Personal Contract Hire advantages, and to find the lease which suits you best, visit our page.

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Posted on 19th July 2017 at 4:02 PM

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