Reasons for leasing a vehicle instead of buying

But here are a few reasons why leasing may be the better option, just so you have one less thing to worry about.   

 1)    Firstly, paying a big lump sum is not necessary. By buying a new car you will have to pay a large up front sum but if you lease this cost is averted. As £10,000 is hard to come by these days, this can mean that a lot of people can lease a car, which they could never afford to buy.   

2)    You can avoid depreciation costs. Cars usually depreciate by 60% in the first three years and this can be even more with high-class top of the line models. So if you decide to lease then at the end of the term you are not stuck with an out-dated hard to sell car. Instead you can just trade-up and get the latest model.     

3)    You can change your car more often. There is flexibility in a leasing agreement so that you will be able to change the car whenever you like (depending on the specific agreement). So you can trade from a Ford Sedan and then lease a Dodge whenever you feel like it.   

4)    You will be driving a car that is always under a warranty. When you lease a vehicle they will always be covered under a warranty, which ensures that the vehicle is road worthy and that if any malfunctions occur they will be immediately fixed.   

5)    It will also give you the opportunity to drive a better car. Ever wanted to driver a Porsche or Mercedes but you couldn’t afford? Well leasing might be just what you need, as you can now lease a vehicle at a fraction of the cost.   

For these reasons then perhaps leasing a car could be the right option for you.