Is Leasing a Car a Good Option?
If you’re looking for a new car there are a number of options available, even after you’ve decided on the model. Buying a car up-front might be the traditional option, but it isn’t always the most sensible choice when you consider the benefits of leasing. So, is leasing a car a good option?
One of the most important things to consider is personal finance. Leasing a car can be an ideal option for minimising cost, especially if you are interested in having a car (or the same car) for only a few years. Even more so if you only need a car for a year or less. Due to minimal depreciation, some higher performing cars such as Mercedes-Benz models can be surprisingly affordable to lease compared to their purchase value. By taking advantage of this and leasing your next vehicle, you could drive a considerably better car than you may otherwise be able to afford.
The variety of leasing options are fairly broad, which means that you can be highly flexible in the contract you choose and the way you make payments. For example, at City Vehicle Leasing we offer a variety of leasing options, including operating leases, contract hire, and personal contract purchase. As such, you can choose a leasing option to best suit your personal situation and budget.
By definition, there is considerably less long-term commitment involved in leasing a vehicle, making it one of the most convenient options when buying a new car. This means that you can easily change the type of car you drive or upgrade to a higher-end model at the end of your contract. Leasing offers flexibility to best suit your current circumstances. So, if you find you want to switch from a saloon to something with a bit more space, it isn’t a problem. You can also enjoy any improvements to performance, safety and fuel economy when you upgrade to a new model at the end of the lease. By contrast, it may be much more difficult to quickly and easily sell a car you have purchased- that’s if you’ve even finished paying for it by the time you’re ready to move on to something new.
At City Vehicle Leasing, we offer a range of Mercedes-Benz models at competitive hire rates, so there’s sure to be a good financing option if leasing is for you. We have almost 30 years of experience in the leasing industry, so please contact us online or speak to one of our experts at 0844 8225 193 for more information and guidance.