Leasing could be a much better option than buying a new car

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Leasing could be a much better option than buying a new car

May 7th, 2009 | Add a Comment

So you want a new car but can’t seem to make your finances stretch far enough? Or maybe you’ve already seen the car of your dreams, but know there’s no way you could even consider buying it. You’re not alone – the auto industry has been hit hardest of all by the recession and sales have reached an all time low. It seems no one can afford to think about a new car right now.

But don’t let that discourage you – there is still another option. There is another way you could get the car of your choice, and you wouldn’t even have to pay upfront for it. Car contract hire or leasing agreements are a great way to choose the exact car you want and you only have to pay one manageable monthly fee.

I know what you’re probably thinking, there has got to be a catch, right? Well, actually, no there really isn’t. Yes you have to sign a contract but you get to choose from any car on the market, including those that would normally be out of your price range. In fact, the more popular and desirable the car, the better deals you can usually get. It’s not like buying a new car where the value decreases with time, most contract hire agreements are based on your projected usage so they take wear and tear into account and when the contract ends you can trade it in for a newer model.

Choosing contract hire will usually also help with the running cost of having a car – often the road tax and servicing costs are thrown in to the monthly instalments so you won’t find yourself suddenly landed with huge repair bills. And being able to trade the car in regularly means you’ll always have the latest model so it’s less likely to break down.

Basically, it’s a beneficial and financially viable way of getting a new car without any of the worries of buying outright – and it really does make sense, especially now when times are hard. And who knows, you might be able to get that dream car after all!