4 Advantages of Leasing a Car Instead of Buying

If you are in need of a new car, there are plenty of options to consider when it comes to getting one. You can purchase a brand-new car on a finance deal, get finance for a used car, buy a used or new car with a personal loan, save up and purchase a used or new car outright, or opt for a car leasing option. More and more people are choosing to lease since there are plenty of benefits – you can often get a newer car without having to save up or get a loan, there are low monthly payments, and at the end of the lease, you can choose to keep the car and own it outright, or swap it for a newer vehicle. If you’re thinking about car leasing, here are some of the main benefits to consider.

Get a Nicer Vehicle

Compared to buying a car outright or using a car finance option, you can often get a nicer set of wheels when leasing. Many leasing companies will have the option for you to lease a brand new car without as much hassle and at an affordable monthly price. If you want to get a brand-new car but don’t want to worry about the huge price tag of purchasing it outright or taking out a massive loan, leasing is the way forward.

Don’t Worry About Depreciation

Since leasing means that you are effectively renting the car rather than purchasing it, you don’t need to worry about when the vehicle’s value depreciates. Buying a brand-new car is often discouraged because it will lose thousands of pounds in value as soon as you drive it out of the showroom, but when you lease, you don’t need to worry about this since the car doesn’t belong to you. If it loses value, you won’t have to worry about how much you’re going to get for it if you want to sell it in the future; you can simply give it back to the leasing company and get a better car.

Other Fees are Often Included

Some leasing deals will also include other car-related fees like road tax or insurance in your monthly price, which can make the cost of car ownership more manageable. Vantage Leasing, for example, includes road tax in the monthly fee for all cars that you can lease from them, so that’s one less thing that you have to worry about paying every month or year.

Pay Nothing Upfront

If you need a car quickly but don’t have any money to spend on an upfront deposit for car finance or buying a car outright, leasing provides you with the perfect solution. There are plenty of leasing deals that you can take advantage of where you will just pay the monthly fee straight away, and there’s no deposit required, allowing you to get on the road quickly.

If you need a new car, there are plenty of clear advantages of leasing to consider.