Find a Car Lease Deal

Finally private customers are starting to realise what the Company car purchasers have known for a long time – If they buy a vehicle its value drops like a stone. Yes – depreciation is an unstoppable financial killer.

Some may argue that if the car or van is run for its full useable life then the depreciation is a fair price to pay – but is this true?
The driver ends up running an older, out of date vehicle with the associated maintenance costs and increasing reliability problems.

Contrast that with ‘car leasing’ where the driver gets a brand new vehicle every two, three or four years.

Car or van Leasing is the new way to manage your motoring costs.

Imagine this scenario:
You buy a new BMW X5 for £50,000 with a normal finance agreement. You put down a hefty deposit and then pay around £600.00 per month for the next 5 years, after which you may need to pay off a great big balloon payment.
At the end of this time, the car may now be worth £15,000, a drop of £35,000.
The car has not only cost you the £600.00 per month, but has cost you £7,000 per year in depreciation. That’s another £583.00 per month, making the real cost £nearly £1200.00 per month.
Now to replace your car with a new one involves another hefty deposit.
By leasing you could pay a much smaller deposit and for a monthly fee of only around £550.00 per month be driving a new X5 with no additional costs. At the end of your lease you just hand back the vehicle with nothing else to worry about.
The depreciation is someone else’s problem.

As John Paul Getty once said, “If it appreciates, buy it. If it depreciates, lease it”

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Disclaimer: Prices are given as a guide only and are subject to change. New offers become available daily.
Please call 01904 492851 for an accurate, up to date quotation.
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