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Iceni Magazine | September 25, 2021

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What are the Benefits of Leasing a Vehicle?

What are the Benefits of Leasing a Vehicle?

Leasing is becoming a popular alternative to buying a vehicle outright, but what exactly is the attraction?

After all, you don’t get to own the vehicle outright, so it’s never really yours. Why would anyone want to own a vehicle only in part? Well, there are actually a number of reasons that leasing a vehicle might actually be the perfect choice for you.

Get a High-End Vehicle

This is the top reason to opt for leasing over buying. If you have the cash lying around to buy a high-end luxury vehicle then you probably aren’t considering leasing. However, if this is going to be beyond your means, leasing provides a realistic way for you to get behind the wheel of the luxury vehicle of your choice. For example, check out the range of Range Rover sport leasing options on offer from Vantage Leasing. This is a vehicle that many people would think is out of reach but if you were to lease it instead, you could be sporting it for as long as you can afford. 

There might be some up-front charges that you need to pay before you can drive away with the vehicle, but they will be a fraction of what you would need to pay to drive it off the forecourt of a dealership. If you want to drive a high-end or luxury vehicle but don’t want to pay the high-end prices, leasing is the way to go.

No Deposit or Down Payment (Sometimes)

Ok, so this one is dependent on you finding the right deal. In many cases, you will have to pay a down payment, but this generally applies to the most expensive cars, as you would expect. If you are able to find the right dealership, you can get a lease vehicle without having to pay a down payment. If you want a high-end luxury vehicle, you can save even more money with the right deal.

Monthly Payments are Lower Than a Purchase Vehicle

When you compare the cost of a leased vehicle month-to-month with the cost of a vehicle that you are making monthly payments on to own outright, the leased vehicle works out much cheaper. If you are considering buying a vehicle by paying monthly instalments, consider whether leasing a vehicle and then possibly leasing again when the lease ends might be the better option for you.

Lower Maintenance Costs

There are lots of costs associated with owning a car. When you drive a leased vehicle, you will be responsible for keeping it full of fuel. You will also have a responsibility to keep it safe and free from damage. However, you won’t have to worry about the long-term maintenance costs associated with owning a vehicle. The costs of fixing general wear and tear are usually covered by the manufacturers’ warranty.

Leasing a vehicle is an excellent alternative to owning a vehicle for that who want access to the car of their choice without having to make a significant financial commitment. By spreading a lower cost over the time period, leasing can even be better than making monthly payments in order to purchase the vehicle outright. Have a look online at the leasing options for your dream car.

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