When leasing a car, it is usually for business or personal use and the advantages of these can differ as I shall show you how surprisingly fantastic leasing a car can be. There are many overall advantages applied to both, such as the fact that leasing often turns out to be cheaper than buying a car, meaning that you may end up having a car that previously would have been out of your price range. Also you will feel relieved behind the wheel knowing that every leased car comes with free road tax, free breakdown cover and the full manufacturer’s warranty for the duration of the contract.
For personal use, leasing can be a very simple and a worthwhile decision for many reasons as I will explain. Unlike when buying a car you will have to deposit a considerably smaller amount adding to the increasing number of savings you are making when choosing to lease a car. You will be in safe, reliable hands when choosing a car as you can choose to have 35 fixed monthly payments that obviously do not change with two easy ways to end the contract; such as simply handing it back and moving on or buying the car at a set purchase price depending on its value and the length of time you have leased it for.
Now for business use leasing can save a substantial amount of money which is vital when running as business because this spare cash can be used in other areas which need it most in a company. For example you will be able to claim 50% of VAT back from HMRC which is her majesties revenue and customs, this is responsible for assessing and collecting taxes. On top of that there is a broad range of cars available that run with exceptionally low carbon dioxide (Co2) output which is very beneficial for an ethical company that cares for the planet. To lower the running costs models that are very fuel efficient can be chosen to lease as there is a large variety of cars to choose from.
Overall leasing a car can save your business or you personally a lot of money in the long run and can be very cost effective as the cars come fully covered from all extra expenses with that and peace of mind, being a big reason why more people are choosing to lease a car and not buy it.