Manchester Driving: Buy or Lease?

Enjoy more affordable driving

One of the things that put people off buying new cars is the hefty on-the-road price, plus the sometimes large deposits and monthly finance payments for a vehicle that loses a considerable amount of its value as soon as you drive it off the forecourt.

With car or van leasing, you get to drive a brand new vehicle with a lower initial deposit, lower monthly payments and with the pleasure of never having to worry about depreciation – that’s for the leasing company to deal with.

Brand new cars mean better fuel efficiency and lower CO2 emissions, making your everyday driving more affordable than it perhaps might be in an older, less efficient vehicle.

Embrace the new

The reason you don’t have to worry about depreciation is because with leasing (or personal contract hire, anyway), you never technically own the vehicle. If you choose contract purchase, you can make a final payment to own the vehicle. However, you’ll find the cheapest deals available via contract hire.

The thought of not owning your vehicle might sound scary, but there are some real, pragmatic advantages to it, besides the lower payments. Leasing means that whenever your contract is up (be it in two, three, or four years’ time) you can choose another brand new vehicle and be spared the heartbreak of selling your relatively new second-hand car for a much lower price than you originally paid.

Choose a contract that’s right for you

Leasing contracts come with a host of added perks too, such as pre-paid road tax, breakdown recovery and optional maintenance package options. You have the option to pay a little extra to get some of these added benefits, or pay a little less if you don’t need them.

Another thing to bear in mind is mileage allowances. The price of your monthly payments will be based, in part, on an agreed annual mileage. The lower your agreed mileage, the lower your monthly payments will be. However, it can become pretty costly if you exceed your quote. Pick a reasonable mileage amount in the first instance to avoid any nasty surprises.

Nationwide Vehicle Contracts, one of the UK’s leading providers of car and van leasing to both businesses and individuals. Nationwide Vehicle Contracts offers a huge range of cars and vans at incredibly low prices. If you’d like to find out more about car leasing, email [email protected].