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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:

DS DS 3 Hatchback
1.2 PureTech 82 Chic 3dr
£166.22 + VAT monthly rental
£166.22 + VAT initial rental
Special deal
Business contract hire DS DS 3, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 1 + 35
Annual mileage: 10000
1.2 litre Petrol Manual
+ compare
Mercedes-Benz C Class Diesel Estate
C220d AMG Line Premium 5dr Auto
£249.95 + VAT monthly rental
£2249.55 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz C Class, Estate
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
2.1 litre Diesel Automatic
+ compare
MINI Hatchback
1.5 Cooper 5dr
£152.71 + VAT monthly rental
£1374.39 + VAT initial rental
Special deal
Business contract hire MINI Hatchback, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 8000
1.5 litre Petrol Manual
+ compare
Volkswagen Scirocco Diesel Coupe
2.0 TDi 184 BlueMotion Tech R Line 3dr
£199.46 + VAT monthly rental
£1196.76 + VAT initial rental
Special deal
Business contract hire Volkswagen Scirocco, Coupe
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Mercedes-Benz SLC Diesel Roadster
SLC 250d AMG Line 2dr 9G-Tronic
£249.99 + VAT monthly rental
£2249.91 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz SLC, Cabriolet
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
2.1 litre Diesel Automatic
+ compare
Kia Sportage Estate
1.6 GDi ISG 2 5dr
£144.54 + VAT monthly rental
£1734.48 + VAT initial rental
Special deal
Business contract hire Kia Sportage, 4x4
Business contract hire
Contract term: 36 months
Rental profile: Initial rental + 35 Rentals
Annual mileage: 5000
1.6 litre Petrol Manual
+ compare
BMW 4 Series Gran Diesel Coupe
420d [190] M Sport 5dr Auto [Professional Media]
£285.33 + VAT monthly rental
£2567.97 + VAT initial rental
Special deal
Business contract hire BMW 4 Series, Coupe
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 8000
2 litre Diesel Automatic
+ compare
Skoda Octavia Hatchback
1.0 TSI S 5dr
£161.69 + VAT monthly rental
£485.07 + VAT initial rental
Special deal
Business contract hire Skoda Octavia, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Mercedes-Benz GLE Diesel Estate
GLE 250 d 4Matic Sport 5dr 9G-Tronic
£419.90 + VAT monthly rental
£3779.10 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz GLE, Estate
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 8000
2.1 litre Diesel Automatic
+ compare
Mercedes-Benz C Class Diesel Cabriolet
C220d AMG Line 2dr Auto
£367.78 + VAT monthly rental
£3310.02 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz C Class, Cabriolet
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 8000
2.1 litre Diesel Automatic
+ compare
Mercedes-Benz GLA Class Diesel Hatchback
GLA 220d 4Matic AMG Line 5dr Auto
£239.95 + VAT monthly rental
£2159.55 + VAT initial rental
Special deal
Business contract hire Mercedes-Benz GLA Class, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
2.1 litre Diesel Automatic
+ compare
Jaguar F-Pace Diesel Estate
2.0d [163] Prestige 5dr
£354.99 + VAT monthly rental
£3194.91 + VAT initial rental
Special deal
Business contract hire Jaguar F-Pace, Estate
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 8000
2 litre Diesel Manual
+ compare
Volkswagen Golf Hatchback
2.0 TSI 310 R 3dr AWD
£247.79 + VAT monthly rental
£2230.11 + VAT initial rental
Special deal
Business contract hire Volkswagen Golf, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 5000
2 litre Petrol Manual
+ compare
Mercedes-Benz A Class Diesel Hatchback
A180d Sport Executive 5dr
£199.95 + VAT monthly rental
£1799.55 + 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 Manual
+ compare
Mazda MX-5 Convertible
1.5 SE 2dr
£174.00 + VAT monthly rental
£1044.00 + VAT initial rental
Special deal
Business contract hire Mazda MX-5, Cabriolet
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.5 litre Petrol Manual
+ compare
Fiat 500 Hatchback
1.2 Lounge 3dr
£133.20 + VAT monthly rental
£799.20 + VAT initial rental
Special deal
Business contract hire Fiat 500, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 8000
1.2 litre Petrol Manual
+ compare
Suzuki Vitara Estate
1.6 SZ-T 5dr
£158.12 + VAT monthly rental
£948.72 + VAT initial rental
Special deal
Business contract hire Suzuki Vitara, 4x4
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.6 litre Petrol Manual
+ compare
BMW i3 Hatchback
94Ah Range Extender 5dr Auto [Suite Inter World]
£384.55 + VAT monthly rental
£1153.65 + VAT initial rental
Special deal
Business contract hire BMW i3, Hatchback
This vehicle has low CO2 emissions (12 g/mk)
Business contract hire
Contract term: 24 months
Rental profile: 3 + 23
Annual mileage: 10000
Electric Automatic
+ compare
BMW 6 Series Gran Diesel Coupe
640d SE 4dr Auto
£399.99 + VAT monthly rental
£2399.94 + VAT initial rental
Business contract hire BMW 6 Series, Saloon
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
3 litre Diesel Automatic
+ compare
Vauxhall Astra Diesel Hatchback
1.6 CDTi 16V Tech Line 5dr
£170.12 + VAT monthly rental
£510.36 + 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
Vauxhall Astra Diesel Hatchback
1.6 CDTi 16V Tech Line 5dr
£158.62 + VAT monthly rental
£951.72 + VAT initial rental
Business contract hire Vauxhall Astra, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Vauxhall Astra Diesel Hatchback
1.6 CDTi 16V Tech Line 5dr
£176.92 + VAT monthly rental
£530.76 + VAT initial rental
Business contract hire Vauxhall Astra, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 24 months
Rental profile: 3 + 23
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
BMW X5 Diesel Estate
xDrive30d SE 5dr Auto
£533.16 + VAT monthly rental
£3198.96 + VAT initial rental
Business contract hire BMW X5, 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
3 litre Diesel Automatic
+ compare
BMW X1 Diesel Estate
xDrive 18d Sport 5dr
£309.00 + VAT monthly rental
£1854.00 + VAT initial rental
Business contract hire BMW X1, Estate
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
2 litre Diesel Manual
+ compare
BMW X1 Diesel Estate
sDrive 18d SE 5dr
£285.65 + VAT monthly rental
£1713.90 + VAT initial rental
Business contract hire BMW X1, Estate
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Kia Sportage Estate
1.6 GDi ISG 2 5dr
£197.39 + VAT monthly rental
£197.39 + VAT initial rental
Business contract hire Kia Sportage, 4x4
Business contract hire
Contract term: 36 months
Rental profile: 1 + 35
Annual mileage: 10000
1.6 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.