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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:

SEAT Arona SUV
1.0 TSI 95 SE 5Dr Manual [Start Stop]
£152.00 + VAT monthly rental
£912.00 + VAT initial rental
Special deal
Business contract hire SEAT Arona, 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Mercedes-Benz A Class A200 Hatch
2.1 d 136 Sport Edition 5Dr Manual [Start Stop]
£179.97 + VAT monthly rental
£1619.73 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz A Class, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
2.1 litre Diesel Manual
+ compare
Audi A4 Saloon
1.4 TFSI 150 Black Edition 4Dr Manual [Start Stop]
£195.02 + VAT monthly rental
£1755.18 + VAT initial rental
Special deal
Business contract hire Audi A4, Saloon
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 8000
1.4 litre Petrol Manual
+ compare
Audi A6 S6 Saloon quattro
4.0 TFSI V8 450 4Dr S Tronic [Start Stop]
£376.93 + VAT monthly rental
£3392.37 + 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
Petrol Automatic
+ compare
Nissan Juke SUV
1.6 94 Visia 5Dr Manual
£145.75 + VAT monthly rental
£874.50 + VAT initial rental
Special deal
Business contract hire Nissan Juke, 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
Petrol Manual
+ compare
Nissan Qashqai SUV 2wd
1.2 DIG-T 115 N-Connecta 5Dr Manual [Start Stop]
£175.50 + VAT monthly rental
£1053.00 + VAT initial rental
Special deal
Business contract hire Nissan Qashqai, 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.2 litre Petrol Manual
+ compare
Mercedes-Benz GLA GLA200 SUV
1.6 156 Sport 5Dr Manual [Start Stop]
£221.65 + VAT monthly rental
£1329.90 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz GLA, 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
Petrol Manual
+ compare
SEAT Leon Hatch
1.2 TSI 110 SE Dynamic Technology 5Dr Manual [Start Stop]
£166.80 + VAT monthly rental
£1501.20 + VAT initial rental
Special deal
Business contract hire SEAT Leon, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
Petrol Manual
+ compare
Mercedes-Benz A Class A180 Hatch
1.5 d 116 AMG Line 5Dr 7G-DCT [Start Stop]
£204.99 + VAT monthly rental
£1844.91 + 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: 10000
1.5 litre Diesel Automatic
+ compare
BMW 5 Series 520 Saloon
2.0 d 190 M Sport 4Dr Auto [Start Stop]
£232.28 + VAT monthly rental
£2090.52 + VAT initial rental
Special deal
Business contract hire BMW 5 Series, Saloon
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 8000
2 litre Diesel Automatic
+ compare
BMW 4 Series 420 Coupe
2.0 d 190 M Sport 2Dr Auto [Start Stop]
£248.25 + VAT monthly rental
£2234.25 + VAT initial rental
Special deal
Business contract hire BMW 4 Series, Coupe
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Toyota GT86 Coupe
2.0 Boxer D-4S 200 Pro 2Dr Manual
£313.68 + VAT monthly rental
£1882.08 + VAT initial rental
Business contract hire Toyota GT86, Coupe
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
Petrol Manual
+ compare
Mazda MX-5 Convertible
1.5 SKYACTIV-G 131 SE 2Dr Manual
£187.00 + VAT monthly rental
£561.00 + VAT initial rental
Business contract hire Mazda MX-5, Cabriolet
This vehicle is in stock
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
1.5 litre Petrol Manual
+ compare
Mazda MX-5 Convertible
1.5 SKYACTIV-G 131 SE 2Dr Manual
£180.00 + VAT monthly rental
£1080.00 + VAT initial rental
Business contract hire Mazda MX-5, Cabriolet
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.5 litre Petrol Manual
+ compare
Volvo V40 Hatch
2.0 T2 122 R DESIGN Nav Plus 5Dr Manual [Start Stop]
£205.99 + VAT monthly rental
£1235.94 + VAT initial rental
Business contract hire Volvo V40, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
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.