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Iceni Magazine | December 18, 2017

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Is it Worth Leasing a Vehicle?

Is it Worth Leasing a Vehicle?

When money is tight, finding the cash to run a vehicle is a big headache.

For most people, after housing, their biggest expense is transport. In many places, using public transport is not a viable option. The service is too spotty or far too expensive to use on a regular basis.

Therefore, the only viable option for many is to run their own vehicle. It is the only way to stay in control of when and where they can travel.

In the past, the only option would have been to buy a car, van or bike and run it. Leasing was available, but it was really only designed to work for business owners. However, firms like Vantage Leasing have changed all that. The way they put together their deals means that leasing a vehicle is now potentially a good idea for everyone, including private individuals.

Naturally, we are not saying this option will be suitable for everyone, but without a doubt, it is certainly well worth your consideration. Leasing a vehicle has quite a few advantages over buying a car or van.

Less upfront investment needed

One of the barriers many people face when buying a car is finding enough cash for the deposit. Most garages require a substantial upfront down payment. Usually, you will not have this issue when you lease a car.

Better control over running costs

When you lease a car, costs like servicing are included in the deal. This means that it is easy to calculate the true running cost of your vehicle. Something that is very important if you are living on a tight budget. Some deals include road tax, even insurance. This means that apart from the cost of petrol you have one steady payment to make each month during the period of your lease.

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Less hassle when it is time to get another vehicle

Once the lease is over, all you need to do is to hand the car back in good condition. You do not have to go through all of the hassle and expense of selling it on. If you want a new lease all you need to do is to choose the vehicle that you want and sign a new contract.

The chance to drive a truly reliable vehicle

Lease vehicles are brand new, so you know that the car is not going to let you down.

No need to get a MOT

The fact the vehicle is new means that you can drive it for 3 years without having to take it for a MOT. If you lead a busy life this is definitely a plus.

No depreciation to worry about

When you buy a new vehicle, you know that it is going to plummet in value as soon as you drive it off of the forecourt. With a lease vehicle, this is not your problem. The leasing company is the one that is going to have to cover that cost.


If you want to find out more about car leasing, from an independent source, you can do so here.


 

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