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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:

Ford Grand C-Max Estate
1.0 EcoBoost 125 Titanium X Navigation 5dr
£274.36 + VAT monthly rental
£1646.16 + VAT initial rental
Business leasing Ford Grand C-Max, MPV
This vehicle has low CO2 emissions (Tax band C)
Business leasing
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Volvo V90 Diesel Estate
2.0 D5 PowerPulse R DESIGN 5dr AWD Geartronic
£448.46 + VAT monthly rental
£2690.76 + VAT initial rental
Business leasing Volvo V90, Estate
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Ford S-Max Diesel Estate
2.0 TDCi 150 Titanium 5dr AWD
£330.23 + VAT monthly rental
£990.69 + VAT initial rental
Business leasing Ford S-Max, MPV
Business leasing
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Vauxhall Astra Diesel Sports Tourer
1.6 CDTi 16V ecoFLEX Elite Nav 5dr
£260.97 + VAT monthly rental
£782.91 + VAT initial rental
Business leasing Vauxhall Astra, Estate
This vehicle has low CO2 emissions (Tax band A)
Business leasing
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Ford Mustang Convertible
2.3 EcoBoost 2dr Auto
£508.69 + VAT monthly rental
£1526.07 + VAT initial rental
Business leasing Ford Mustang, Cabriolet
Business leasing
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
2.3 litre Petrol Automatic
+ compare
Jeep Renegade Diesel Hatchback
1.6 Multijet Limited 5dr
£236.75 + VAT monthly rental
£710.25 + VAT initial rental
Business leasing Jeep Renegade, 4x4
This vehicle has low CO2 emissions (Tax band C)
Business leasing
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Jaguar F-Type Coupe
3.0 Supercharged V6 R-Dynamic 2dr
£752.32 + VAT monthly rental
£2256.96 + VAT initial rental
Business leasing Jaguar F-Type, Coupe
Business leasing
Contract term: 24 months
Rental profile: 3 + 23
Annual mileage: 10000
3 litre Petrol Manual
+ compare
Nissan Qashqai Diesel Hatchback
1.6 dCi Tekna [Non-Panoramic] 5dr 4WD
£330.94 + VAT monthly rental
£1985.64 + 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 V60 Diesel Sportswagon
D4 [190] Cross Country SE Nav 5dr Gtronic [Ltr]
£282.81 + VAT monthly rental
£1696.86 + VAT initial rental
Business leasing Volvo V60, Estate
This vehicle has low CO2 emissions (Tax band C)
Business leasing
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Mercedes-Benz GLA Class Hatchback
GLA 200 Sport 5dr [Executive]
£301.85 + VAT monthly rental
£1811.10 + VAT initial rental
Business leasing Mercedes-Benz GLA Class, Hatchback
Business leasing
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.6 litre Petrol Manual
+ compare
Ford Kuga Vignale Diesel Estate
2.0 TDCi 180 5dr Auto
£350.06 + VAT monthly rental
£1050.18 + VAT initial rental
Business leasing Ford Kuga Vignale, 4x4
Business leasing
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Renault Megane Diesel Hatchback
1.5 dCi GT Line Nav 5dr
£246.44 + VAT monthly rental
£1478.64 + VAT initial rental
Business leasing Renault Megane, Hatchback
This vehicle has low CO2 emissions (Tax band A)
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.5 litre Diesel Manual
+ compare
BMW 3 Series Gran Turismo Diesel Hatchback
320d [190] M Sport 5dr Step Auto [Business Media]
£365.72 + VAT monthly rental
£1097.16 + VAT initial rental
Business leasing BMW 3 Series, Hatchback
This vehicle has low CO2 emissions (Tax band C)
Business leasing
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Kia Sportage Estate
1.6T GDi GT-Line S 5dr DCT Auto [AWD]
£282.07 + VAT monthly rental
£1692.42 + VAT initial rental
Business leasing Kia Sportage, 4x4
Business leasing
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.6 litre Petrol Automatic
+ compare
Mercedes-Benz GLA Class Hatchback
GLA 250 4Matic AMG Line 5dr Auto [Premium]
£364.46 + VAT monthly rental
£3280.14 + VAT initial rental
Business leasing Mercedes-Benz GLA Class, Hatchback
Business leasing
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Audi A3 Saloon Special Editions
S3 TFSI Quattro Black Edition 4dr S Tronic
£354.88 + VAT monthly rental
£2129.28 + VAT initial rental
Business leasing Audi A3, Saloon
Business leasing
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2 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.