When the time finally comes for you to get a new car, it can be exciting. There might be many reasons that you need a new vehicle – whether your old one just packed up and stopped working, you are earning more and can afford an upgrade, or your kids have moved out and you can downsize to something a bit sportier that doesn’t need to do the school run.
No matter the reason, it is always a great time in your life when you can find a new motor. Once you have decided what to do with your old car, whether you decide to part-exchange it, sell it, or scrap it (you can find more tips on that if you click here) It also brings with it the question of should you rent or lease a car.
Both are popular choices and come with their own pros and cons. Here we will be discussing why leasing a car can be a good idea and just how it might benefit you.
You can get a new car every couple of years
When you buy a car, you tend to be stuck with it for a good amount of time, usually running it into the ground or selling it off after you have well and truly gotten maximum use out of it. With a lease can you can get a new vehicle every two or three years depending on your lease length.
This means you can always be up to date with the latest models and technology, something that some people might really enjoy!
You don’t have to worry about maintenance
With a lease car, you can get a maintenance package included which means that you don’t have to worry about paying for maintenance yourself. It will cover everything from getting your car’s MOT done, to if you need a full new set of types.
This means you never have to worry about unexpected costs which can be a stress. You also know that as it is a new car it is less likely to have issues that you might get if you were (for example) buying a used car from a second-hand dealership.
No large upfront costs
When you purchase a car, the chances are that you will have to spend a lot of money upfront in order to buy it. With a lease car you normally only have to pay 3 or 6 months upfront plus the monthly payments. You don’t need to save up a hefty deposit or amount to pay for it completely outright. It is more financially viable and can mean that you get a much nicer car than you might have been able to otherwise.
These are the three main reasons that it can be good to lease a car. Remember that whatever option you decide, it is a good idea to do your research thoroughly beforehand. Ensure you can keep up with your payments and that you will be able to get the type of car that is fit for your purpose.
** This is a collaborative post