We’ve all done it. Secretly admired that incredible car which seems just beyond reach. Well, if you happen to be one of those people – and who isn’t? – leasing can be a great way forward. So, if you’ve been charmed by a C-Class, dazzled by a Dacia or enthralled with an E-Type, driving one could be easier than you think.
Fast becoming one of the most accepted ways to drive that dream car, leasing is a flexible alternative to buying a car outright.
But what does leasing mean in practice? And what are its benefits?
What is Car Leasing?
In straightforward terms a lease is essentially an agreement between the customer, and a leasing business such as Lookers Leasing. The agreement generally involves stipulating the type of car and the agreed length of time of the lease – in return for an initial deposit and regular monthly payments.
In other words you are hiring the car for an extended period of time. This can be anywhere from 12 to 48 months, and is designed to suit individual circumstances. At the end of the agreed period the car is still owned by the leasing company who will make arrangements with you for its return.
What are the main benefits of Car Leasing?
- ‘Leasing is a more efficient way to budget.’ As the contract term and all costs are fixed at the beginning of the lease period, the monthly payment is fixed and will not change for the duration of the agreement.
- ‘Highly Versatile.’ The ability to switch between different models means accessing that dream car has never been easier. Embracing the safety, technology and performance advancements found on newer models is achieved almost effortlessly.
- ‘No road tax to pay.’ Depending on which make and model you choose road tax may be exempt.
- ‘Great Business tax deduction.’ Business owners can claim a tax deduction for the cost of any vehicles making it a fiscally prudent way to manage company vehicles.
Contact Lookers Leasing today for any queries regarding our service.