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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:

Volkswagen Golf Diesel Hatchback
1.6 TDI SE [Nav] 5dr
£169.99 + VAT monthly rental
£1019.94 + VAT initial rental
Special deal
Business contract hire Volkswagen Golf, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 8000
1.6 litre Diesel Manual
+ compare
Skoda Octavia Hatchback
1.0 TSI SE Technology 5dr
£138.26 + VAT monthly rental
£829.56 + VAT initial rental
Special deal
Business contract hire Skoda Octavia, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1 litre Petrol Manual
+ compare
BMW 2 Series Coupe
218i Sport 2dr [Nav]
£168.42 + VAT monthly rental
£1515.78 + VAT initial rental
Special deal
Business contract hire BMW 2 Series, Coupe
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 8000
1.5 litre Petrol Manual
+ compare
Audi A4 Saloon
1.4T FSI SE 4dr
£153.14 + VAT monthly rental
£918.84 + VAT initial rental
Special deal
Business contract hire Audi A4, Saloon
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 8000
1.4 litre Petrol Manual
+ compare
Honda Civic Diesel Tourer
1.6 i-DTEC SE Plus 5dr [Nav]
£169.96 + VAT monthly rental
£1019.76 + VAT initial rental
Special deal
Business contract hire Honda Civic, Estate
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Volkswagen Tiguan Diesel Estate
2.0 TDi BMT 150 SE Nav 5dr
£199.99 + VAT monthly rental
£1199.94 + VAT initial rental
Special deal
Business contract hire Volkswagen Tiguan, Estate
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 8000
2 litre Diesel Manual
+ compare
Mercedes-Benz C Class Diesel Saloon
C220d AMG Line 4dr
£227.66 + VAT monthly rental
£2048.94 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz C Class, Saloon
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
2.1 litre Diesel Manual
+ compare
Nissan Qashqai Diesel Hatchback
1.5 dCi Acenta [Smart Vision Pack] 5dr
£160.31 + VAT monthly rental
£961.86 + VAT initial rental
Special deal
Business contract hire Nissan Qashqai, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.5 litre Diesel Manual
+ compare
Hyundai Tucson Estate
1.6 GDi Blue Drive SE Nav 5dr 2WD
£165.00 + VAT monthly rental
£990.00 + VAT initial rental
Special deal
Business contract hire Hyundai Tucson, 4x4
This vehicle is in stock
Business contract hire
Contract term: 18 months
Rental profile: 6 + 17
Annual mileage: 10000
1.6 litre Petrol Manual
+ compare
Suzuki Vitara Estate
1.6 SZ-T 5dr
£156.62 + VAT monthly rental
£469.86 + VAT initial rental
Special deal
Business contract hire Suzuki Vitara, 4x4
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
1.6 litre Petrol Manual
+ compare
Volvo V40 Hatchback
T2 [122] Momentum 5dr
£165.22 + VAT monthly rental
£991.32 + VAT initial rental
Special deal
Business contract hire Volvo V40, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
2 litre Petrol Manual
+ compare
Fiat 500 Hatchback
1.2 Pop 3dr
£109.22 + VAT monthly rental
£655.32 + VAT initial rental
Special deal
Business contract hire Fiat 500, 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
Vauxhall Crossland X Diesel Hatchback
1.6 Turbo D ecoTec SE Nav 5dr [Start Stop]
£163.95 + VAT monthly rental
£983.70 + VAT initial rental
Special deal
Business contract hire Vauxhall Crossland X, Estate
This vehicle is in stock
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Citroen C3 Hatchback
1.2 PureTech 82 Feel 5dr
£125.49 + VAT monthly rental
£752.94 + VAT initial rental
Special deal
Business contract hire Citroen C3, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.2 litre Petrol Manual
+ compare
Mercedes-Benz A Class Hatchback
A160 SE 5dr
£159.83 + VAT monthly rental
£1438.47 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz A Class, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
1.6 litre Petrol Manual
+ compare
Volkswagen Passat Alltrack Diesel Estate
2.0 TDI 4MOTION 5dr
£233.41 + VAT monthly rental
£2100.69 + VAT initial rental
Special deal
Business contract hire Volkswagen Passat Alltrack, Estate
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
2 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.