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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 new 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:

Mercedes-Benz A Class A180 Hatch
1.3 136 AMG Line 5Dr Manual [Start Stop]
£199.99 + VAT monthly rental
£1799.91 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz A Class, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 8000
1.3 litre Petrol Manual
+ compare
BMW 1 Series 118 Hatch
1.5 i 136 M Sport 5Dr Manual [Start Stop]
£187.99 + VAT monthly rental
£1691.91 + VAT initial rental
Special deal
Business contract hire BMW 1 Series, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 5000
1.5 litre Petrol Manual
+ compare
Skoda Octavia Estate
2.0 TSi 245 vRS 245 5Dr DSG [Start Stop]
£213.81 + VAT monthly rental
£1924.29 + VAT initial rental
Special deal
Business contract hire Skoda Octavia, Estate
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 8000
2 litre Petrol Automatic
+ compare
Alfa Romeo Stelvio SUV Q4 AWD
2.2 TD 210 Speciale 5Dr Auto [Start Stop]
£280.83 + VAT monthly rental
£2527.47 + VAT initial rental
Special deal
Business contract hire Alfa Romeo Stelvio, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
2.2 litre Diesel Automatic
+ compare
Mercedes-Benz E Class E220 Saloon
2.0 d 194 AMG Line 4Dr G-Tronic+ [Start Stop]
£263.26 + VAT monthly rental
£2369.34 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz E Class, Saloon
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 5000
2 litre Diesel Automatic
+ compare
Mercedes-Benz C Class C220 Estate
2.0 d 194 AMG Line Premium 5Dr G-Tronic+ [Start Stop]
£281.18 + VAT monthly rental
£2530.62 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz C Class, Estate
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 8000
2 litre Diesel Automatic
+ compare
Peugeot 2008 SUV
1.2 PureTech 130 GT Line 5Dr Manual [Start Stop]
£160.18 + VAT monthly rental
£1441.62 + VAT initial rental
Special deal
Business contract hire Peugeot 2008, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
1.2 litre Petrol Manual
+ compare
Nissan Qashqai SUV 2wd
1.3 DIG-T 140 Acenta Premium 5Dr Manual [Start Stop]
£159.22 + VAT monthly rental
£1432.98 + VAT initial rental
Special deal
Business contract hire Nissan Qashqai, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
1.3 litre Petrol Manual
+ compare
Audi Q5 40 SUV quattro
2.0 TDI 190 Black Edition 5Dr S Tronic [Start Stop]
£369.99 + VAT monthly rental
£3329.91 + VAT initial rental
Special deal
Business contract hire Audi Q5, SUV / 4x4
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 8000
2 litre Diesel Automatic
+ compare
Dacia Sandero Hatch
1.0 SCe 75 Access 5Dr Manual
£110.94 + VAT monthly rental
£665.64 + VAT initial rental
Special deal
Business contract hire Dacia Sandero, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Suzuki Swift Hatch
1.2 Dualjet 90 Attitude 5Dr Manual [Start Stop]
£119.04 + VAT monthly rental
£714.24 + VAT initial rental
Special deal
Business contract hire Suzuki Swift, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.2 litre Petrol Manual
+ compare
Volkswagen Golf Hatch
Elec 35.8kWh 136 e-Golf 5Dr Auto
£269.98 + VAT monthly rental
£3239.76 + VAT initial rental
Special deal
Business contract hire Volkswagen Golf, Hatchback
This vehicle has low CO2 emissions (0 g/mk)
Business contract hire
Contract term: 36 months
Rental profile: 12 + 35
Annual mileage: 5000
Electric Automatic
+ compare
Volkswagen Golf Estate 4Motion
2.0 TSI 300 R 5Dr DSG [Start Stop]
£231.41 + VAT monthly rental
£2082.69 + VAT initial rental
Special deal
Business contract hire Volkswagen Golf, Estate
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 5000
2 litre Petrol Automatic
+ compare
Audi A6 40 Saloon
2.0 TDI 204 S line 4Dr S Tronic [Start Stop]
£307.81 + VAT monthly rental
£2770.29 + VAT initial rental
Special deal
Business contract hire Audi A6, Saloon
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Mercedes-Benz GLC GLC250 SUV 4MATIC
2.0 211 Urban Edition 5Dr G-Tronic+ [Start Stop]
£265.69 + VAT monthly rental
£2391.21 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz GLC, SUV / 4x4
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 8000
2 litre Petrol Automatic
+ compare
Audi TT 40 Coupe
2.0 TFSI 197 S line 3Dr S Tronic [Start Stop]
£279.99 + VAT monthly rental
£1679.94 + VAT initial rental
Special deal
Business contract hire Audi TT, Coupe
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Porsche Macan SUV 4wd
2.0 T 245 5Dr PDK [Start Stop]
£725.00 + VAT monthly rental
£2175.00 + VAT initial rental
Business contract hire Porsche Macan, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Renault Captur SUV
1.3 TCe 130 Iconic 5Dr Manual [Start Stop]
£166.82 + VAT monthly rental
£1000.92 + VAT initial rental
Business contract hire Renault Captur, SUV / 4x4
This vehicle is in stock
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.3 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.