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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 A1 25 Sportback
1.0 TFSI 95 Technik 5Dr Manual [Start Stop]
£214.41 + VAT monthly rental
£643.23 + VAT initial rental
Special deal
Business contract hire Audi A1, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
SEAT Arona SUV
1.0 TSI 95 SE Technology 5Dr Manual [Start Stop]
£151.71 + VAT monthly rental
£910.26 + VAT initial rental
Special deal
Business contract hire SEAT Arona, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Renault Captur SUV
0.9 TCe 90 Iconic 5Dr Manual [Start Stop]
£129.00 + VAT monthly rental
£774.00 + VAT initial rental
Special deal
Business contract hire Renault Captur, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
0.9 litre Petrol Manual
+ compare
Kia Ceed Hatch
1.0 T-GDi 118 2 5Dr Manual [Start Stop]
£119.66 + VAT monthly rental
£1435.92 + VAT initial rental
Special deal
Business contract hire Kia Ceed, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 12 + 23
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Audi TT 40 Coupe
2.0 TFSI 197 S line 3Dr S Tronic [Start Stop]
£256.95 + VAT monthly rental
£2312.55 + VAT initial rental
Special deal
Business contract hire Audi TT, Coupe
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Nissan Juke SUV
1.0 DIG-T 117 Visia 5Dr Manual [Start Stop]
£145.56 + VAT monthly rental
£1310.04 + VAT initial rental
Special deal
Business contract hire Nissan Juke, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 6000
1 litre Petrol Manual
+ compare
Hyundai IONIQ Hatch
1.6 h-GDi 141 SE Connect 5Dr DCT [Start Stop]
£167.85 + VAT monthly rental
£1510.65 + VAT initial rental
Special deal
Business contract hire Hyundai IONIQ, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 9 + 47
Annual mileage: 6000
1.6 litre Petrol/Electric Hybrid Automatic
+ compare
Kia Ceed Hatch
1.0 T-GDi 118 2 5Dr Manual [Start Stop]
£168.21 + VAT monthly rental
£1009.26 + VAT initial rental
Special deal
Business contract hire Kia Ceed, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Mercedes-Benz GLA GLA180 SUV
1.6 122 Urban Edition 5Dr 7G-DCT [Start Stop]
£229.18 + VAT monthly rental
£1375.08 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz GLA, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 8000
1.6 litre Petrol Automatic
+ compare
Abarth 595 Hatch
1.4 T-Jet 145 3Dr Manual
£160.53 + VAT monthly rental
£1444.77 + VAT initial rental
Special deal
Business contract hire Abarth 595, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 5000
1.4 litre Petrol Manual
+ compare
Nissan Qashqai SUV 2wd
1.3 DIG-T 140 Acenta Premium 5Dr Manual [Start Stop]
£137.94 + VAT monthly rental
£1241.46 + 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: 6000
1.3 litre Petrol Manual
+ compare
Citroen C3 Hatch
1.2 PureTech 83 Flair 5Dr Manual [Start Stop]
£146.06 + VAT monthly rental
£1314.54 + VAT initial rental
Special deal
Business contract hire Citroen C3, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 6000
1.2 litre Petrol Manual
+ compare
Renault Clio Hatch
1.0 SCe 75 Iconic 5Dr Manual [Start Stop]
£167.85 + VAT monthly rental
£503.55 + VAT initial rental
Special deal
Business contract hire Renault Clio, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Mercedes-Benz C Class C200 Coupe
1.5 198 AMG Line Premium 2Dr G-Tronic+ [Start Stop]
£269.99 + VAT monthly rental
£2429.91 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz C Class, Coupe
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
1.5 litre Petrol Automatic
+ compare
Fiat 500 Hatch
1.2 8V 69 Pop 3Dr Manual [Start Stop]
£107.32 + VAT monthly rental
£965.88 + VAT initial rental
Special deal
Business contract hire Fiat 500, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 5000
1.2 litre Petrol Manual
+ compare
Suzuki Swift Hatch
1.2 h Dualjet SHVS 90 SZ-T 5Dr Manual [Start Stop]
£118.04 + VAT monthly rental
£1416.48 + VAT initial rental
Special deal
Business contract hire Suzuki Swift, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 12 + 35
Annual mileage: 10000
1.2 litre Petrol/Electric Hybrid Manual
+ compare
Skoda Octavia Estate
1.0 TSi 115 SE Technology 5Dr Manual [Start Stop]
£192.40 + VAT monthly rental
£577.20 + VAT initial rental
Special deal
Business contract hire Skoda Octavia, Estate
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
MINI Countryman Cooper
1.5 136 Classic 5Dr Manual [Start Stop]
£260.97 + VAT monthly rental
£2348.73 + VAT initial rental
Special deal
Business contract hire MINI Countryman, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 6000
1.5 litre Petrol Manual
+ compare
Mazda Mazda2 Hatch
1.5 SKYACTIV-G MHEV 75 SE-L 5Dr Manual [Start Stop]
£169.99 + VAT monthly rental
£509.97 + VAT initial rental
Special deal
Business contract hire Mazda Mazda2, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
1.5 litre Petrol Manual
+ compare
Peugeot 108 Hatch
1.0 72 Collection 5Dr Manual [Start Stop]
£197.31 + VAT monthly rental
£591.93 + VAT initial rental
Special deal
Business contract hire Peugeot 108, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Dacia Sandero Hatch
1.0 SCe 75 Access 5Dr Manual
£113.66 + VAT monthly rental
£1022.94 + VAT initial rental
Special deal
Business contract hire Dacia Sandero, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Lexus NX 300h SUV 4wd
2.5 h 197 F-Sport 5Dr E-CVT [Start Stop] [Pan Roof]
£362.87 + VAT monthly rental
£3265.83 + VAT initial rental
Special deal
Business contract hire Lexus NX, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 8000
2.5 litre Petrol/Electric Hybrid Automatic
+ 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.