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Economy Leasing UK Ltd

Leasing a car can be one of the best decisions you make when it comes to having a car. Most people are under the impression that buying a car outright is an investment, and it is in that you're getting your use out of it. But when it comes to its actual value, nothing depreciates more.

While many people likely are better off owning a car, the reality is that a lot of people would save a lot of money and hassle by choosing to lease cars as opposed to owning them. Here are just 5 reasons why this is the case, there are certainly more:

Suzuki Vitara Diesel Estate
1.6 DDiS SZ5 ALLGRIP [Urban Pack] 5dr
£260.38 + VAT monthly rental
£1562.28 + VAT initial rental
Business leasing Suzuki Vitara, 4x4
This vehicle has low CO2 emissions (Tax band C)
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Ford Kuga Vignale Diesel Estate
2.0 TDCi 180 [Pan roof] 5dr
£276.90 + VAT monthly rental
£1661.40 + VAT initial rental
Business leasing Ford Kuga Vignale, 4x4
Business leasing
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Ford Focus Diesel Hatchback
2.0 TDCi Titanium 5dr Powershift
£217.29 + VAT monthly rental
£1303.74 + VAT initial rental
Business leasing Ford Focus, Hatchback
This vehicle has low CO2 emissions (Tax band C)
Business leasing
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Toyota RAV4 Estate
2.5 VVT-i Hybrid Excel TSS 5dr CVT [Nav]
£410.04 + VAT monthly rental
£1230.12 + VAT initial rental
Business leasing Toyota RAV4, 4x4
This vehicle has low CO2 emissions (Tax band C)
Business leasing
Contract term: 24 months
Rental profile: 3 + 23
Annual mileage: 10000
2.5 litre Petrol/Electric Hybrid Automatic
+ compare
Vauxhall Mokka X Diesel Hatchback
1.6CDTi [136] Elite Nav 5dr
£299.98 + VAT monthly rental
£1799.88 + VAT initial rental
Business leasing Vauxhall Mokka X, Hatchback
This vehicle has low CO2 emissions (Tax band C)
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Hyundai Ioniq Saloon
1.6 GDi Hybrid Premium SE 4dr DCT
£195.00 + VAT monthly rental
£1170.00 + VAT initial rental
Business leasing Hyundai Ioniq, Saloon
This vehicle has low CO2 emissions (Tax band A)
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.6 litre Petrol/Electric Hybrid Automatic
+ compare
Ford Mondeo Vignale Diesel Estate
2.0 TDCi 5dr Powershift AWD
£319.25 + VAT monthly rental
£1915.50 + VAT initial rental
Business leasing Ford Mondeo Vignale, Estate
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Mazda Mazda3 Fastback
2.0 SE-L Nav 4dr
£198.00 + VAT monthly rental
£594.00 + VAT initial rental
Business leasing Mazda 3, Saloon
This vehicle has low CO2 emissions (Tax band C)
Business leasing
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Petrol Manual
+ compare
Toyota Aygo Hatchback
1.0 VVT-i X-Play 5dr x-shift
£111.90 + VAT monthly rental
£671.40 + VAT initial rental
Business leasing Toyota Aygo, Hatchback
This vehicle has low CO2 emissions (Tax band A)
Business leasing
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1 litre Petrol Automatic
+ compare
Skoda Fabia Diesel Hatchback
1.4 TDI 75 S 5dr
£142.57 + VAT monthly rental
£427.71 + VAT initial rental
Business leasing Skoda Fabia, Hatchback
This vehicle has low CO2 emissions (Tax band A)
Business leasing
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
1.4 litre Diesel Manual
+ compare
Fiat Tipo Diesel Station Wagon
1.6 Multijet Easy Plus 5dr
£160.54 + VAT monthly rental
£963.24 + VAT initial rental
Business leasing Fiat Tipo, Estate
This vehicle has low CO2 emissions (Tax band A)
Business leasing
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Ford Kuga Vignale Diesel Estate
2.0 TDCi 180 5dr Auto
£660.65 + VAT monthly rental
£1321.30 + VAT initial rental
Business leasing Ford Kuga Vignale, 4x4
Business leasing
Contract term: 24 months
Rental profile: 2 + 23
Annual mileage: 8000
2 litre Diesel Automatic
+ compare
Ford Mondeo Diesel Hatchback
2.0 TDCi 180 Titanium 5dr Powershift
£262.34 + VAT monthly rental
£787.02 + VAT initial rental
Business leasing Ford Mondeo, Hatchback
Business leasing
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Audi Q2 Estate Special Editions
1.4 TFSI Edition 1 5dr
£316.00 + VAT monthly rental
£1896.00 + VAT initial rental
Business leasing Audi Q2, Estate
Business leasing
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.4 litre Petrol Manual
+ compare
Ford Focus Estate
1.6 125 Titanium 5dr Powershift
£264.44 + VAT monthly rental
£1586.64 + VAT initial rental
Business leasing Ford Focus, Estate
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.6 litre Petrol Automatic
+ compare
Volvo V40 Hatchback
T2 [122] Inscription 5dr
£177.13 + VAT monthly rental
£1062.78 + VAT initial rental
Business leasing Volvo V40, Hatchback
Business leasing
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
2 litre Petrol Manual
+ compare

You Only Pay For What You Use: When leasing a car, you're essentially only paying for the use you get out of it. On the other hand, when buying a new car outright, as soon as you drive it out the showroom its value depreciates significantly. For this reason, car leasing often works out cheaper along with it being less hassle.

Cheaper Monthly Payments Than A Loan: Many people opt to take out a loan in order to purchase a car, thinking that they'll only be needing to make small monthly payments. The truth is, even with a 0% interest loan, you can almost guarantee that the monthly lease price of the same vehicle is significantly less. Think how much money you could be saving a month: what could you put that towards instead?

Always Have A Current Warranty: A big benefit of vehicle leasing is that you'll always be driving a new car and hence, always have a current warranty. Yes, buying a new car will likely come with a warranty, but it doesn't last forever. As soon as the warranty period is lapsed, any vehicle expenses are your problem. And needless to say, buying a pre-owned car without a warranty: well, that's just a dent in the wallet waiting to happen.

Get A New Car Every 2 or 3 Years: Much like the above point of always having a current warranty, having a new car all the time comes with other benefits. Contract lease deals typically last for 2 to 3 years, after which, you can opt for a new vehicle. This way you can always enjoy the latest models and technological advancements.

You Can Still Buy The Car Outright: And following on from the above point, even if you don't want to lease a new car again, you have first choice of buying the car once the contract has ended. This way, if you see no reason to change car and are in a better position to pay the remaining balance outright, you have that option.

These are just some of the reasons why contract hire can be far more sensible than buying a car upfront. Frankly, a lot of people don't even consider leasing a car and assume that buying is the only way. Don't fall for that trap. Be sure to fully consider contract leasing and its many benefits, you'll likely never look back.