Here’s why used car leasing is so popular right now
Leasing is growing in popularity with every day, as this way of buying a car brings the prospect of more flexibility and a greater choice of options. Here at UK Carline, we’re specialists in all things leasing and we’re on hand to help out wherever you might need assistance when it comes to this method of getting a new car.
If you’re looking for a more cost-effective way of getting some new wheels, then used car leasing could be right for you. Why is it so good and what else do you need to know about it, though? Let’s take a look.
What is personal used car leasing and how does it work?
Personal used car leasing gives buyers access to pre-owned vehicles to drive over a fixed period, which is usually between 12 and 48 months. You’ll pay an initial rental deposit followed by regular, fixed monthly instalments. The good news is that, unlike buying a car outright, once you reach the end of a leasing agreement, there’s no need to sell the car – you simply hand it back.
With personal used car leasing, you’re able to drive a higher-specification car for less than you’d pay when buying a car outright.
At the start of the process, simply browse through the available cars and find one which works for you – you’ll see a price breakdown displayed with each car. Choose your contract term and mileage and then complete a credit approval process, which is simple and easy to do. You’ll then pay your initial rental, which will be followed by fixed monthly payments. At the end of the agreement, simply return the vehicle.
Are there many cars to choose from?
Yes! There are loads of great used vehicles available for lease here at UK Carline. There’s the practical and useful Volkswagen T-Cross, the compact and efficient Toyota Aygo X, or even the electric Volkswagen ID.3 if you’re fancying switching to the electrified side of things.
In fact, here at UK Carline, we have a broad range of electric cars to help make driving an EV even cheaper. Highlights include the Mini Electric and the Nissan Leaf. If you want more information on how to switch to an electric vehicle, speak to a member of the UK Carline team today.
What advantages are there to leasing a used car?
There are plenty of advantages to leasing a used car over paying for one outright. For one, smaller monthly payments allow you to get into a higher-spec car for less, and since these payments are fixed at the start of the agreement, leasing can help when budgeting, as all of your costs are laid out ahead of you.
There’s also no risk of depreciation, as with a used car, that initial value drop has already occurred. With a leasing agreement, there’s also no need to sell the car at the end. Instead, you simply hand the car back to the provider and afterwards, you’re free to browse and start a new agreement, should you want to. This is another plus-point of leasing – it gives you the ability to change cars every few years.
When compared to a brand-new car, used leased cars are also far lower in value which, in turn, means that the monthly payments are lower as well. This can help to make a far better option for those drivers who are trying to budget.
Why UK Carline?
UK Carline has over two decades of experience in both business and personal leasing, helping thousands of drivers find their ideal new car. We work with trusted funders and help support and supply dealers across the country. We’ll always work to find you the very best deal on your next leasing agreement and we’ll always supply clear, easy-to-digest information throughout the process.
Sound like used car leasing could be for you? Get in touch today to find out more.
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