How can personal car leasing benefit you over purchasing?
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How can personal car leasing benefit you over purchasing?

As the country climbs out of recession, many people and businesses are starting to look at how they can spend their hard earned money. In the last year new car sales have soared, with more than 400,000 sold during September 2013 alone, an increase of nearly 20% on the same month from the year before, and the highest monthly figure since before the financial crisis in 2008.

What Is Personal Car Leasing?

Personal car leasing is where instead of buying the car outright; you lease the car for two or three years before giving it back. The system originated in America and has grown hugely popular there since, where it now accounts for one in four cars in private use. Many people are put off buying a new car because of the high depreciation which can mean you lose a lot of money from your original investment, but personal car leasing takes away this issue.

How Does Personal Car Leasing Work?

With leasing you pay a fixed monthly rate for a set amount of time after you have paid a deposit which you decide before the contract starts. How much of a deposit you pay will be one of the factors which decide how much you pay per month. Once the contract is over you give the car back and the leasing company will sell the car, meaning you never have to worry about the cost of the depreciation and can have a brand new car every time your contract finishes.

Monthly payments for this type of leasing are usually lower than buying the car through finance, but the overall cost can be higher as you don’t see any of the money when the car is eventually sold.

The Benefits Of Personal Car Leasing

Here are some of the main reasons people choosing leasing over buying or finance:

  • Benefit from constantly improving standard specifications
  • Lower fixed monthly payments
  • Like having a vehicle that is always under warranty
  • Like driving a vehicle that has the latest safety features
  • Don't like trading and selling used vehicles
  • Don't want to lose money on high depreciation costs
  • Have a steady income
  • Businesses who want to free up cash flow

Business & Personal Car Leasing From Select Contracts

At Select Contracts we are one of the leading specialists for business and personal car leasing in the UK. We have built up partnerships with many of the biggest car manufacturers, large motor groups and leasing companies around, meaning we can offer some of the most competitive quotes from anyone in our market.

We can give you a quote on any make or model of car or commercial vehicle, with free UK delivery from a national network of dealers and vehicle preparation centres. For more information on any of our cars or services, please get in contact with us by emailinginfo@selectcontracts.co.uk or call 0845 6770 770.

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Don't just take our word for it. We're rated at 4.9/5 on independent reviews website Trustpilot from over 35,563 genuine customer reviews
I had a great first experience with leasing from Select car leasing and am so happy with my new car David talked me through the whole process and answered any questions I had..he explained everything in basic terms so I knew and understood everything We waited a few days for the credit checks to come back and I asked David if it usually took this long..he assured me it did so I think it was about 5 working days and he rang with the good news The paperwork side of things then took over and once that was all completed,it was just to wait for a date The whole process was done over the portal so you could keep up to date with any developments but if you had any questions, then David was reachable by phone We had a date for the car delivery and the driver turned up after giving me a ring, earlier in the morning to confirm a time..the car arrived and I checked it over as we had to sign to say say everything was OK with the car. All is great and am so happy with my new car I would highly recommend this company for your lease car
Mrs. Alison Pedrazzini

Thursday, 28/03/2024