Call: 0118 920 5130 MON - FRI: 9AM - 8PM SAT: 10AM - 5PM
    

Car Leasing Gaining Popularity With New Car Buyers Claims Dealer Head

Author: Select Contracts     Date: 14-11-2014

As the new year approaches many people are looking to update their old car but don’t have the immediate funds to do so. According to Trevor Finn, CEO of dealership network Pendragon, there has been an increasing trend for choosing car leasing over buying, as increased awareness and better deals have transformed the market.

New Buyers Taking Advantage Of Car Leasing Deals

Speaking to the Bloomberg business TV channel, Mr Finn said: “We’re seeing people become more economy conscious but the way they’re buying cars has changed. More people are buying on a payment; young and old, car ownership is turning into car use.” The one big question from customers though is ‘How much a month?’ Trevor added.

This marks a significant change which has been driven by the recession as more people now have the money to start spending, but are not able to save up for a big payment of thousands of pounds. A good car leasing deal allows customers to buy themselves a brand new car and then pay it off over a two or three year lease plan.

The flexibility of car leasing deals has increased over the last few years and this has also helped to persuade new buyers to lease instead. This includes personal contract purchase (PCP) deals which are essentially the same except at the end of the agreement you have the choice of paying a fixed amount to own the car or simply handing it back.

“Maybe there has been a structural shift in the way people are buying new cars, and that’s been driven by the car manufacturers, they’re putting some subvented deals in the market that makes it very attractive to take their finance.”

He also says that despite continued growth in the UK car market over the three years, there are currently more 10 year old cars on our roads than ever before. Many people are now choosing a car leasing deal because it can save you money in many other ways other than the cost to have the car. A good contract hire company will include full warranty, breakdown cover and road fund license for the entire contract.

This can you a lot of money, particularly if you have any problems with your older car during the winter months, leading to the requirement of new batteries, tyres and everything else needed to stay on the road. New efficient engines also mean you could potentially save noticeable money on petrol as well as lower tax and many other unforeseen costs.

Car Leasing

Complete UK Car Leasing From Select Contracts

At Select Contracts we provide complete personal and business car leasing services for every make or model available today. All our vehicles come with free UK delivery from our national network of dealers and vehicle preparation centres.

For more information on any of our cars or car leasing services, please get in contact with us by emailing info@selectcontracts.co.uk or call 0845 6770 770.


PreviousNext
Search By Manufacturer
Featured Work
The best new lease cars for City Drivers
Whether you’re mainly an urban, suburban, rural, motorway driver or a mix of all of four, where you drive and the conditions you face will directly influence your next vehicle choice. In this article we look at the important factors to consider, if you're a city driver. We also share with you our list of top 10 cars for 2018 for this driving environment.
Read More »
Latest Tesimonials
First class service from James Harragan from start to finish, any questions were answered promptly a...
Really easy process, just remember to order your car way before you need it as popular deals take lo...
Excellent service from the company and my personal agent Michelle Hartshorn was always very helpful....
An efficient and smooth service from start to finish, Fash Khan was always quick to respond to queri...
The whole process from start to finish was excellent. As a first time customer the whole process was...
Read All Reviews »
 

Call us on: 0118 920 5130

 

Monday to Thursday: 09:00 to 20:00   

Friday: 09:00 to 18:30   

Saturday: 10:00 to 17:00    

 Follow us on Facebook  Follow us on Twitter  Follow us on LinkedIn  Follow us on Google+

 

Select Car Leasing is a trading style of Select Contracts (UK) Limited and the firm is authorised and regulated by the Financial Conduct Authority FRN 670832. Select Car Leasing are a credit broker not a lender. VAT Registration No 181 8746 74. ICO Registration ZA076253. Company Number 065690988. Select Car Leasing are proud to be a member of the British Vehicle Rental and Leasing Association (BVRLA) No 1846.

 


Copyright 2016 Select Car Leasing. All Rights Reserved.

Key Partners
Proud Member Of:
Find us on social media

Select Car Leasing is a trading style of Select Contracts (UK) Limited and the firm is authorised and regulated by the Financial Conduct Authority FRN 670832. Select Car Leasing are a credit broker and not a lender. VAT Registration No 181 874674. ICO Registration ZA076253. Company Number 06569098. Select Car Leasing are proud to be a member of the British Vehicle Rental and Leasing Association (BVRLA), No 1846. Registered address: Atlantic House, Imperial Way, Reading, Berkshire, RG2 0TD

© Copyright 2018 Select Contracts UK Limited. All Rights Reserved.

^
Top