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Top 10 benefits of car leasing

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how does vehicle leasing work
why should i lease my car
what i need to know about leasing

The advantages of leasing extend beyond the benefits of driving a brand new car. In addition to avoiding commitment to a depreciating vehicle, you can take advantage of lower monthly fees and mechanical maintenance

Personal car leasing also known as personal contract hire (PCH) is becoming the Number1 choice for drivers in the UK- there are plenty of benefits to it.

Here are our top 10 reasons why leasing your next vehicles is a great idea.

1. Get a great deal

Car leasing companies operate as independent vehicle brokers, continually getting the best real time deals from all the major finance companies and dealerships in the UK. This means they offer some of the most competitive market rates available, helping drive your monthly costs down.

2. Drive a better car

Leasing a car means that you will invariably find you’re driving a better vehicle than you would if you had bought one. Why is this? With a car lease you only pay the car’s depreciation for the lease period, not the value of the car (because you don’t own it). As a result, your monthly payments are typically lower compared with other forms of finance, so you can lease a better make, trim or option.

3. Drive a reliable car

Worried about not getting to where you need to go because your car might break down? The older cars get, the less reliable they become. Lease a car and that won’t be a problem because you’ll be driving a brand new model. What’s more, if something does go wrong, the car will normally be covered by the manufacturer’s warranty.

4. Enjoy the latest technology and safety features

Because you are driving new, you benefit from the latest in-car technology manufacturers are introducing. Recent popular additions include things like Autonomous Emergency Braking to help prevent crashes, MirrorLink that syncs your smartphone screen with the car’s and even night vision.

5. Avoid tying up your money

Billionaire oil tycoon J Paul Getty said: “If it appreciates, buy it. If it depreciates, lease it.” Lease a car and you won’t be sinking your savings into something that spends much of its life sitting outside your home losing your money.

6. Take control of your monthly vehicle spend

Apart from fuel and insurance, when you lease a car you know exactly what motoring is going to cost you because your expenses are rolled into one – monthly payments, Road Fund licence and breakdown cover. And if you include a maintenance package, your ability to budget becomes even stronger

7. Cut out big ticket motoring costs

You’re driving a new, hence more reliable car, so it’s highly likely you won’t have to replace big-ticket mechanical items such as timing belts or airconditioning units. You probably won’t even need a new battery.

8. Avoid the hassle of the MoT

Cars don’t have to have an annual MoT roadworthiness check until their third birthday. By that time, the car will most likely not be your responsibility any more.

9. Avoid PCP hassles

With leasing you simply hand back the car at the end of the lease and you are free to choose your next new vehicle. Unlike PCP, there’s no haggling over the final versus the estimated value of the vehicle, you avoid having to negotiate a part exchange with the dealership on your next vehicle or having to buy the car outright.

10. Avoid the dealership monopoly

As you’re dealing with independent brokers who constantly review the market for the best rates, you’re not being held captive to dealership finance. You also don’t have to trawl around car dealerships trying to work out which one will give you the best price.

The simplest way to drive a new car

Regal Autolease is one of the UK's fastest growing and most trusted independent boutique brokers for personal and business car leasing. Established in 1955, we have been providing customers a cost effective, hassle-free driving and lease solutions for cars and vans for 65 years!

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Regal Garage (Bromsgrove) Ltd trading as Regal Autolease are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 787993

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Registered Office : Prydis, Senate Court, Southernhay Gardens, Exeter, England, EX1 1NT

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