Why is Car Leasing becoming more popular every year?
One of the main reasons why more and more businesses and individuals are choosing Car Leasing or Contract Hire as a means of financing a new car or van is that they are fed up of the high depreciation rates that affect most vehicles nowadays. Most cars end up being worth between 30% and 50% of their purchase price after three years, with few exceptions, so this can represent a huge capital loss to the owner.
One of the benefits of contract hire is that it can be much more cost-effective, especially if you take advantage of a special deal or manufacturer’s offer, as the total cost of your rentals over the contract period is usually less than the amount that the vehicle has depreciated over that time.
However, there are many more benefits of leasing a car than the depreciation issue.
Here are the main Benefits of Leasing A Car
Additional Car Leasing Benefits for businesses
With all the benefits of Car Leasing listed above, there is a compelling case for this form of vehicle finance. If you’re looking for a straightforward way to finance your new car or commercial vehicle, where you can simply hand it back at the end of the contract period, and you have no desire to ever own the vehicle, then Car Leasing may well be for you.
To find out more about Car Leasing, why not visit our Car Leasing Guide website where you will find lots of useful tips and information on leasing a car. You can also get a free copy of ‘Car Leasing Secrets – How To Get The Best Deal Possible On Your Next Car Lease’ if you subscribe to our Blog.