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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:

Volvo V40 Diesel Hatchback
D2 [120] Cross Country Pro 5dr
£229.39 + VAT monthly rental
£688.17 + VAT initial rental
Business leasing Volvo V40, Hatchback
This vehicle has low CO2 emissions (Tax band A)
Business leasing
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Mercedes-Benz CLA Class Diesel Coupe
CLA 220d Sport 4Matic 4dr Tip Auto
£300.69 + VAT monthly rental
£1804.14 + VAT initial rental
Business leasing Mercedes-Benz CLA Class, Coupe
Business leasing
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
2.1 litre Diesel Automatic
+ compare
Mercedes-Benz A Class Diesel Hatchback
A180d AMG Line Premium 5dr Auto
£238.53 + VAT monthly rental
£2146.77 + VAT initial rental
Business leasing Mercedes-Benz A Class, Hatchback
This vehicle has low CO2 emissions (Tax band B)
Business leasing
Contract term: 48 months
Rental profile: 9 + 47
Annual mileage: 10000
1.5 litre Diesel Automatic
+ compare
Alfa Romeo Giulietta Diesel Hatchback
2.0 JTDM-2 Super 5dr [Lusso]
£416.05 + VAT monthly rental
£1248.15 + VAT initial rental
Business leasing Alfa Romeo Giulietta, Hatchback
This vehicle has low CO2 emissions (Tax band B)
Business leasing
Contract term: 24 months
Rental profile: 3 + 23
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Mercedes-Benz E Class Coupe
E400 4Matic AMG Line Premium Plus 2dr 9G-Tronic
£589.69 + VAT monthly rental
£3538.14 + VAT initial rental
Business leasing Mercedes-Benz E Class, Coupe
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
3 litre Petrol Automatic
+ compare
Suzuki SX4 S Cross Hatchback
1.4 Boosterjet SZ5 ALLGRIP 5dr
£213.99 + VAT monthly rental
£1283.94 + VAT initial rental
Business leasing Suzuki SX4 S-Cross, Hatchback
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.4 litre Petrol Manual
+ compare
Audi A3 Diesel Sportback
1.6 TDI SE Technik 5dr
£213.00 + VAT monthly rental
£1278.00 + VAT initial rental
Business leasing Audi A3, Hatchback
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 Diesel Manual
+ compare
Mercedes-Benz B Class Hatchback
B250 e Electric Art 5dr Auto
£308.07 + VAT monthly rental
£1848.42 + VAT initial rental
Business leasing Mercedes-Benz B Class, Hatchback
This vehicle has low CO2 emissions (Tax band A)
Business leasing
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
Electric Automatic
+ compare
Mercedes-Benz GLC AMG Coupe
GLC 43 4Matic Premium 5dr 9G-Tronic
£576.78 + VAT monthly rental
£1730.34 + VAT initial rental
Business leasing Mercedes-Benz GLC, Coupe
Business leasing
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
3 litre Petrol Automatic
+ compare
Kia Sportage Diesel Estate
1.7 CRDi ISG 1 5dr
£171.00 + VAT monthly rental
£1026.00 + VAT initial rental
Business leasing Kia Sportage, 4x4
This vehicle has low CO2 emissions (Tax band C)
Business leasing
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.7 litre Diesel Manual
+ compare
Alfa Romeo Giulietta Diesel Hatchback
2.0 JTDM-2 Speciale 5dr
£257.47 + VAT monthly rental
£1544.82 + VAT initial rental
Business leasing Alfa Romeo Giulietta, Hatchback
This vehicle has low CO2 emissions (Tax band B)
Business leasing
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Mercedes-Benz GLA Class AMG Hatchback
GLA 45 [381] 4Matic 5dr Auto
£428.57 + VAT monthly rental
£1285.71 + VAT initial rental
Business leasing Mercedes-Benz GLA Class, Hatchback
Business leasing
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Nissan Qashqai Diesel Hatchback
1.6 dCi N-Connecta [Comfort/Executive] 5dr 4WD
£352.74 + VAT monthly rental
£2116.44 + VAT initial rental
Business leasing Nissan Qashqai, Hatchback
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Volvo S60 Diesel Saloon
D4 [190] SE Lux Nav 4dr Geartronic
£281.95 + VAT monthly rental
£1691.70 + VAT initial rental
Business leasing Volvo S60, Saloon
This vehicle has low CO2 emissions (Tax band C)
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Mercedes-Benz A Class Diesel Hatchback
A180d AMG Line Premium Plus 5dr
£283.97 + VAT monthly rental
£851.91 + VAT initial rental
Business leasing Mercedes-Benz A Class, Hatchback
This vehicle has low CO2 emissions (Tax band B)
Business leasing
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.5 litre Diesel Manual
+ compare
Mercedes-Benz GLA Class Hatchback
GLA 200 AMG Line 5dr Auto [Premium Plus]
£290.06 + VAT monthly rental
£1740.36 + VAT initial rental
Business leasing Mercedes-Benz GLA Class, Hatchback
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.6 litre Petrol Automatic
+ 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.