Already very popular in the U.S., personal car leasing is becoming increasingly popular in the UK – it allows people the option to change their vehicle every 2 or 3 years without losing thousands of pounds in depreciation.
Many people are now realising the benefits of not tying up their capital in a depreciating asset. We all know that the minute you drive a brand new vehicle off the garage forecourt it depreciates, the most significant decrease in a vehicle’s value occurring during the first year.
But at the same time we would all like the option to drive a new vehicle and benefit from having the latest models with a full warranty and the reliability that comes with it. This is where vehicle leasing comes into its own. You simply pay an initial rental equivalent to a number of monthly payments and then pay regular monthly payments for an agreed period such as 12, 24, 36, 48 or 60 months.
View all our current best-price vehicle lease deals here, or spec-up your ideal lease car here on our Car Configurator and we’ll work out the very best lease deal for you.
The Benefits of Personal Contract Hire
Personal car leasing is a way of putting you in a quality, reliable vehicle at the lowest cost. These are just some of the benefits:
- Small initial rental (selected models)
- Low fixed monthly payments
- Doesn’t tie up your capital
- Maintenance included for worry-free motoring
- Flexibility to drive a new vehicle every few years
