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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 A3 30 Sportback
1.0 TFSI 116 Black Edition 5Dr Manual [Start Stop]
£193.13 + VAT monthly rental
£1738.17 + VAT initial rental
Special deal
Business contract hire Audi A3, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Mazda CX-5 SUV
2.0 SKYACTIV-G 165 SE-L Nav+ 5Dr Manual [Start Stop]
£194.00 + VAT monthly rental
£1746.00 + VAT initial rental
Special deal
Business contract hire Mazda CX-5, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
2 litre Petrol Manual
+ compare
Peugeot 5008 SUV
1.2 PureTech 130 GT Line 5Dr Manual [Start Stop]
£259.19 + VAT monthly rental
£1555.14 + VAT initial rental
Special deal
Business contract hire Peugeot 5008, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.2 litre Petrol Manual
+ compare
Skoda Karoq SUV
1.0 TSi 115 SE Technology 5Dr Manual [Start Stop]
£203.87 + VAT monthly rental
£1223.22 + VAT initial rental
Special deal
Business contract hire Skoda Karoq, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Audi A3 30 Saloon
1.0 TFSI 116 Black Edition 4Dr Manual [Start Stop]
£190.69 + VAT monthly rental
£1716.21 + VAT initial rental
Special deal
Business contract hire Audi A3, Saloon
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Volvo S90 Saloon
2.0 T4 190 Momentum 4Dr Auto [Start Stop]
£162.52 + VAT monthly rental
£1462.68 + VAT initial rental
Special deal
Business contract hire Volvo S90, Saloon
Business contract hire
Contract term: 19 months
Rental profile: 9 + 18
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Volkswagen Polo Hatch
1.0 EVO 65 SE 5Dr Manual [Start Stop]
£128.09 + VAT monthly rental
£1152.81 + VAT initial rental
Special deal
Business contract hire Volkswagen Polo, Hatchback
This vehicle has low CO2 emissions (0 g/mk)
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 5000
1 litre Petrol Manual
+ compare
Suzuki Swift Hatch
1.0 Boosterjet 111 SZ-T 5Dr Manual
£107.36 + VAT monthly rental
£1288.32 + VAT initial rental
Special deal
Business contract hire Suzuki Swift, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 12 + 35
Annual mileage: 5000
1 litre Petrol Manual
+ compare
Audi A3 30 Sportback
1.0 TFSI 116 S line 5Dr Manual [Start Stop]
£283.31 + VAT monthly rental
£849.93 + VAT initial rental
Special deal
Business contract hire Audi A3, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Nissan Juke SUV
1.2 DIG-T 115 Bose Personal Edition 5Dr Manual [Start Stop]
£159.78 + VAT monthly rental
£1438.02 + 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: 10000
1.2 litre Petrol Manual
+ compare
Nissan Juke SUV
1.5 dCi 110 Bose Personal Edition 5Dr Manual [Start Stop]
£187.50 + VAT monthly rental
£1687.50 + 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: 10000
1.5 litre Diesel Manual
+ compare
Audi A3 30 Sportback
1.0 TFSI 116 Black Edition 5Dr Manual [Start Stop]
£190.00 + VAT monthly rental
£1710.00 + VAT initial rental
Special deal
Business contract hire Audi A3, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 9 + 23
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Ford Kuga SUV 2WD
1.5 T EcoBoost 150 Titanium 5Dr Manual [Start Stop]
£192.99 + VAT monthly rental
£1157.94 + VAT initial rental
Special deal
Business contract hire Ford Kuga, SUV / 4x4
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.5 litre Petrol Manual
+ compare
Fiat 500 Hatch
1.2 8V 69 Pop 3Dr Manual [Start Stop]
£95.91 + VAT monthly rental
£1150.92 + VAT initial rental
Special deal
Business contract hire Fiat 500, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 12 + 47
Annual mileage: 5000
1.2 litre Petrol Manual
+ compare
Toyota Land Cruiser SUV 4wd
2.8 D 177 Utility 3Dr Manual [5Seat]
£390.80 + VAT monthly rental
£2344.80 + VAT initial rental
Business contract hire Toyota LandCruiser, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
2.8 litre Diesel Manual
+ compare
Toyota Aygo Hatch
1.0 VVTi 68 x 5Dr Manual
£130.14 + VAT monthly rental
£780.84 + VAT initial rental
Business contract hire Toyota Aygo, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Toyota Aygo Hatch
1.0 VVTi 68 x 3Dr Manual
£133.75 + VAT monthly rental
£802.50 + VAT initial rental
Business contract hire Toyota Aygo, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Mazda Mazda6 Tourer
2.5 SKYACTIV-G 194 GT Sport Nav+ 5Dr Auto [Start Stop]
£278.00 + VAT monthly rental
£834.00 + VAT initial rental
Business contract hire Mazda Mazda6, Estate
This vehicle is in stock
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
2.5 litre Petrol 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.