Pros and Cons of Leasing
Leasing is very popular but there are things to consider before committing.
Below are the main benefits of leasing and a few of the things you need to consider before you choose to lease your vehicle.
Benefits:
- Fixed monthly payments, maintenance can also be included.
- Massive wholesale discounts which aren't always available with cash or finance purchases.
- No need for large initial outlay.
- No residual value risk ā this sits with the leasing company.
- Access to new cars and vans with free UK wide delivery.
- Ability to change your car every 2 - 5 years.
Considerations:
- You will not own the vehicle at the end.
- Set mileage limitation with excess mileage penalties if exceeded.
- Early termination or settlement charges if you need to hand back early.
- Damage charges for anything not considered "fair wear & tear".
If any of our guides haven't answered your questions, please contact the team who will be happy to help.