More and more people are looking to lease (by which we mean Contract Hire) a car rather than to buy their car. Car leasing is often a phrase banded around colleagues, friends and families without ever really being understood properly. It is therefore important for anyone considering the leasing v buying conundrum to review the below. Hopefully this should help you understand the question “should I buy or lease my next car?”
Noticeably, leasing v buying a car is a difficult contention to answer easily. Making the decision will depend very much on the individual and their circumstances; if you are someone who wants to change their car every 2-3 years and fix what you pay for that vehicle, then car leasing should prove very useful for you. However, if you are someone who enjoys owning a car or being able to keep it (or sell it) at your discretion, it seems that buying maybe a more preferable method for you.
Over the last 5 years, there has been a sharp increase in the level of personal contract hire contracts being taken out by individuals. CarLease UK believe that much of this relates to the change in buyer attitudes towards vehicles, as the recent recession proved the importance of budgeting and fixing your costs. Hence car leasing has now been accepted as the only method to achieve this.
CarLease (UK) Ltd t/a CarLease UK, e-car lease and VanLease UK is Authorised and Regulated by the Financial
Conduct Authority – our Firm Reference Number (FRN) is 706617.
Carlease (UK) Ltd t/a CarLease UK, e-car lease, VanLease UK and School Minibus Leasing UK is a credit broker and not a lender and will introduce you to a limited number of finance providers which have been carefully selected by us - please note that we do not provide independent financial advice. The finance providers that we use may make payment to us if you elect to enter into an agreement with them. The amount we receive will affect what you pay for your vehicle. The commission received may or may not be capped in accordance with that finance company’s policy. We may also receive an extra amount based on how much business we provide to that finance company, the types of products you take from the finance company and the quality of our service. For Regulated Customers you can ask us about the payments we receive from the finance company so long as this is in good time before the agreement is made. Failure to maintain rentals may result in the vehicle being withdrawn (this may affect your credit).
All images on this website are for illustrative purposes only and may not reflect the actual vehicle which is delivered to you. All prices shown are subject to change at any time and are subject to credit status and vehicle availability.
FRN 706617 | BVRLA Membership No. 1471 | Data Protection Reg. ZA088399 | VAT No. 200422089 | Registered in England 09312506
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