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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:

Vauxhall Astra Sports Tourer
1.4i 16V SRi 5dr
£225.72 + VAT monthly rental
£677.16 + VAT initial rental
Business contract hire Vauxhall Astra, Estate
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.4 litre Petrol Manual
+ compare
Vauxhall Zafira Diesel Tourer
1.6 CDTi ecoFLEX SE 5dr
£289.17 + VAT monthly rental
£867.51 + VAT initial rental
Business contract hire Vauxhall Zafira, MPV
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
SEAT Alhambra Diesel Estate
2.0 TDI CR FR Line [150] 5dr
£398.99 + VAT monthly rental
£2393.94 + VAT initial rental
Business contract hire SEAT Alhambra, MPV
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Ford Galaxy Diesel Estate
2.0 TDCi 180 Titanium X 5dr
£421.43 + VAT monthly rental
£2528.58 + VAT initial rental
Business contract hire Ford Galaxy, MPV
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Ford Mondeo Diesel Estate
2.0 TDCi 210 ST-Line X 5dr Powershift
£339.08 + VAT monthly rental
£2034.48 + VAT initial rental
Business contract hire Ford Mondeo, Estate
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Dacia Duster Estate
1.6 SCe 115 Access 5dr
£166.53 + VAT monthly rental
£999.18 + VAT initial rental
Business contract hire Dacia Duster, 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.6 litre Petrol Manual
+ compare
Mercedes-Benz C Class Estate
C200 SE Executive Edition 5dr 9G-Tronic
£267.82 + VAT monthly rental
£2410.38 + VAT initial rental
Business contract hire Mercedes-Benz C Class, Estate
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Volkswagen Passat Saloon
1.4 TSI GTE 4dr DSG
£386.62 + VAT monthly rental
£2319.72 + VAT initial rental
Business contract hire Volkswagen Passat, Saloon
This vehicle has low CO2 emissions (40 g/mk)
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.4 litre Petrol/PlugIn Electric Hybrid Automatic
+ compare
Mercedes-Benz SLC AMG Roadster
SLC 43 2dr 9G-Tronic
£452.87 + VAT monthly rental
£2717.22 + VAT initial rental
Business contract hire Mercedes-Benz SLC, Cabriolet
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
3 litre Petrol Automatic
+ compare
Mercedes-Benz A Class Hatchback
A200 Sport Premium 5dr Auto
£251.56 + VAT monthly rental
£2264.04 + VAT initial rental
Business contract hire Mercedes-Benz A Class, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 9 + 47
Annual mileage: 10000
1.6 litre Petrol Automatic
+ compare
Vauxhall Corsa Hatchback
1.4 SE 5dr Auto
£231.13 + VAT monthly rental
£1386.78 + VAT initial rental
Business contract hire Vauxhall Corsa, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.4 litre Petrol Automatic
+ compare
Smart Forfour Hatchback Special Editions
1.0 White Edition 5dr
£187.13 + VAT monthly rental
£1684.17 + VAT initial rental
Business contract hire Smart Forfour Hatchback, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Mercedes-Benz E Class Diesel Estate
E220d SE 5dr 9G-Tronic
£308.91 + VAT monthly rental
£2780.19 + VAT initial rental
Business contract hire Mercedes-Benz E Class, Estate
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Vauxhall Astra Sports Tourer
1.4T 16V 125 SRi Nav 5dr
£274.66 + VAT monthly rental
£823.98 + VAT initial rental
Business contract hire Vauxhall Astra, Estate
Business contract hire
Contract term: 24 months
Rental profile: 3 + 23
Annual mileage: 10000
1.4 litre Petrol Manual
+ compare
Lexus NX Estate
300h 2.5 Premier 5dr CVT [Pan roof]
£446.73 + VAT monthly rental
£2680.38 + VAT initial rental
Business contract hire Lexus NX, Estate
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
2.5 litre Petrol/Electric Hybrid Automatic
+ compare
Vauxhall Astra Diesel Hatchback
1.6 CDTi 16V ecoFLEX Tech Line 5dr
£230.54 + VAT monthly rental
£691.62 + VAT initial rental
Business contract hire Vauxhall Astra, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.6 litre Diesel 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.