The question we probably get asked most often by first-time-leasers is:
Is leasing cheaper than buying?
It’s a fair question, when you’re looking to save money it’s certainly important to ensure you’re getting the best deal available, so here’s where we hope to answer your questions:
Handling business fleets can be an expensive exercise. If you buy, you have to factor in maintenance, repair costs and, when you decide it’s time for something new, the time and effort of selling your current company vehicle(s).
When you lease a car on the other hand, you’ve got one monthly payment to keep track of, you can claim back 50% of your VAT costs and if you choose to take out a maintenance package, you won’t need to worry about breakdowns, servicing or tyre replacements for the duration of your contract. What’s more, you’ll have a brand new car company car every two, three or four years depending on the contract you choose, and assuming you wish to continue leasing.
What’s also brilliant about leasing is that you’re essentially only ever paying for the depreciation of the car which means that monthly lease payments are generally much cheaper than monthly finance payments.
Leasing makes getting rid of a car easy too because at the end of your contract all you have to do is hand it back – simple as that. If you opt to buy a car, there are no limits on mileage or the length of time you own it for but it’s down to you to sell it at the end and sometimes that kind of effort really isn’t worth it.
If you’d like to take a look at our business leasing deals click here or if you’d like to know more about the leasing process and how we can help you, feel free to give our friendly team a call today on 01565 880 880.
To be perfectly honest, when it comes to the choice between leasing and buying, many of the benefits listed above are relevant here also. Of course you won’t be able to claim back any VAT payments if you decide to take out a personal lease but you’ll still benefit from other benefits including:
For more information on any of our leases, feel free to place an online enquiry or call the team today (01565 880 880). Alternatively, for more information on the leasing vs. buying debate, check out this infographic.
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