According to analysis by automotive website Edmunds.com, 25 per cent of cars sold in the first half of this year were leased, a figure expected to rise throughout the year.
Leasing is the ideal option for many people who want to be able to afford vehicles that will make them look professional for a fraction of the cost of actually buying the car, and without any of the hassle that comes with maintaining a vehicle.
Payments for leasing are usually much lower than the monthly installments to purchase the car for yourself. When you opt into a car leasing agreement, you are basically renting the vehicle from the company and so the fee is significantly reduced.
This is because vehicles which are leased from companies are also of a much-higher quality than ever before, which makes the overall payments for leasing a car or van significantly cheaper as products last much longer than ever before.
In days gone by, if you wanted to lease a vehicle for a long period of time, the company would need to charge you for the overall degradation of the car while it was in your use as the value of the vehicle would have significantly reduced by the time your contract ended and the car was returned.
However, now manufacturers are building cars that last for significantly longer than they used to. This means that by leasing a vehicle, consumers are making savings, because even on long-term contracts the car can be returned in a similar condition to when it was leased. The average vehicle can do around 200,000 miles before it needs to be replaced, which means that even drivers who will put in the mileage in the time they have the car can benefit from cheap car leasing deals.
As payments are based on a number of factors such as the price of the vehicle when you hire it and return it, the value of the vehicle is substantially closer, so the consumer makes savings.
Leasing is a more affordable option for many people in a time when the cost of living is high and the cost of petrol is even higher. This means consumers need to make savings wherever possible and leasing allows drivers the luxury of changing their car on a regular basis while still maintaining low premiums. It is also becoming increasingly-popular for professional and personal use alike.
UKCarline also take a lot of the hassle that you would have to take on yourself if you had bought a car. Things such as insurance are sorted out by the car leasing company so it is ideal for any businessman with a hectic schedule.
We offer a range of vehicles for leasing including a number of models from Mitsubishi, Skoda, Alfa Romeo, Land Rover, Audi, Seat, Renault and an array of other manufacturers. However, we are completely independent and can therefore give you the best deal for you, without any ulterior motive.
UKCarline can help you find the best deal for your situation whether it be for professional or personal use.
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