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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:

Audi A6 40 Avant
2.0 TDI 204 S line 5Dr S Tronic [Start Stop]
£338.03 + VAT monthly rental
£3042.27 + VAT initial rental
Special deal
Business contract hire Audi A6, Estate
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Mercedes-Benz CLS CLS350 Coupe
2.0 313 AMG Line 4Dr G-Tronic [Start Stop]
£320.81 + VAT monthly rental
£2887.29 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz CLS, Saloon
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 8000
2 litre Petrol Automatic
+ compare
Suzuki Swift Hatch
1.0 Boosterjet 111 SZ-T 5Dr Manual
£116.79 + VAT monthly rental
£700.74 + VAT initial rental
Special deal
Business contract hire Suzuki Swift, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Peugeot 3008 SUV
1.5 BlueHDi 130 Allure 5Dr Manual [Start Stop]
£241.99 + VAT monthly rental
£2177.91 + VAT initial rental
Special deal
Business contract hire Peugeot 3008, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
1.5 litre Diesel Manual
+ compare
Toyota Aygo Hatch
1.0 VVTi 71 x 3Dr Manual
£120.47 + VAT monthly rental
£722.82 + VAT initial rental
Special deal
Business contract hire Toyota Aygo, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Volkswagen up! Hatch
1.0 60 Move up! 3Dr Manual [Start Stop]
£125.89 + VAT monthly rental
£755.34 + VAT initial rental
Special deal
Business contract hire Volkswagen up!, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
SEAT Ibiza Hatch
1.0 MPI 80 SE Technology 5Dr Manual [Start Stop]
£139.99 + VAT monthly rental
£839.94 + VAT initial rental
Special deal
Business contract hire SEAT Ibiza, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
SEAT Mii Hatch
1.0 12V 60 Design Mii 5Dr Manual
£122.00 + VAT monthly rental
£732.00 + VAT initial rental
Special deal
Business contract hire SEAT Mii, 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
Audi A1 30 Sportback
1.0 TFSI 116 Sport 5Dr Manual [Start Stop]
£193.83 + VAT monthly rental
£1162.98 + VAT initial rental
Special deal
Business contract hire Audi A1, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
MINI Hatch II Cooper
1.5 136 Classic 3Dr Manual [Start Stop]
£173.64 + VAT monthly rental
£1041.84 + VAT initial rental
Special deal
Business contract hire MINI Hatch, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.5 litre Petrol Manual
+ compare
Suzuki Celerio Hatch
1.0 68 SZ4 5Dr Manual
£121.03 + VAT monthly rental
£726.18 + VAT initial rental
Special deal
Business contract hire Suzuki Celerio, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Dacia Sandero Hatch
1.0 SCe 75 Access 5Dr Manual
£101.03 + VAT monthly rental
£606.18 + VAT initial rental
Special deal
Business contract hire Dacia Sandero, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Honda Jazz Hatch
1.3 i-VTEC 102 S 5Dr Manual [Start Stop]
£110.23 + VAT monthly rental
£661.38 + VAT initial rental
Special deal
Business contract hire Honda Jazz, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.3 litre Petrol Manual
+ compare
Hyundai i10 Hatch
1.0 67 S 5Dr Manual
£115.00 + VAT monthly rental
£690.00 + VAT initial rental
Special deal
Business contract hire Hyundai i10, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Suzuki Ignis Hatch
1.2 Dualjet 90 SZ3 5Dr Manual
£123.95 + VAT monthly rental
£743.70 + VAT initial rental
Special deal
Business contract hire Suzuki Ignis, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.2 litre Petrol Manual
+ compare
Audi A1 30 Sportback
1.0 TFSI 116 SE 5Dr Manual [Start Stop]
£199.36 + VAT monthly rental
£1196.16 + VAT initial rental
Special deal
Business contract hire Audi A1, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Ford Focus Hatch
1.0 T EcoBoost 125 ST-Line 5Dr Manual [Start Stop]
£167.63 + VAT monthly rental
£2011.56 + VAT initial rental
Special deal
Business contract hire Ford Focus, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 12 + 35
Annual mileage: 8000
1 litre Petrol Manual
+ compare
Fiat 500 Hatch
1.2 8V 69 Lounge 3Dr Manual [Start Stop]
£164.29 + VAT monthly rental
£492.87 + VAT initial rental
Business contract hire Fiat 500, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
1.2 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.