If you’re looking into the possibility of leasing a car, you may be wondering what kind of benefits and advantages leasing has compared to renting a vehicle, or buying one outright. That’s why at Flexed we’ve decided to help the drivers of the UK by putting together a handy list of the sort of advantages you can expect to enjoy with car leasing below:
Lower monthly payments and upfront costs
With car leasing, monthly payments can be lower than for other forms of car finance, which can be great for improving cash flow for businesses as well as putting more pounds in the pockets of private motorists and reducing monthly expenses. Also, compared to buying a vehicle outright, there is little by way of upfront costs to worry about with leasing, which alleviates the problem of having to find a large lump sum to pay for a vehicle upfront.
No depreciation or resale concerns
With car leasing, the depreciation risk is taken on by the car leasing company, meaning that you as a consumer or as a business don’t have to worry about being out of pocket when the time comes to sell the vehicle. There’s also no need to deal with the stress of selling, as at the end of the lease you simply return the car.
Access to new cars and great flexibility
Car leasing will often allow you to drive the latest models (at Flexed our vehicles are less than 12 months old, with 85% being less than 6 months old) at affordable prices as mentioned above, which can be a great way to experience the latest in automotive design and development without having to pay an excessive amount to do so. Furthermore, at Flexed we pride ourselves on being flexible with our car swapping rules -in short, if you’re on our standard 28-day rolling contract, you can change your vehicle whenever you like! This allows for great flexibility if you expect your needs to change soon – for example, if you might move, start a family, or otherwise need a different type of vehicle. Business fleet needs may evolve over time as well, and being able to adapt your fleet as your business develops can provide a level of certainty.
For more information on our car changing policies please visit our ‘how often can I swap my car’ FAQ page.
What’s included
Many car leasing companies (with Flexed being one of them!) often include plenty of additional extras with your lease, all of which are included in the lease price. This can simplify the whole process of acquiring transport for yourself or your company, whether it’s just the one vehicle for family use or a whole fleet of vehicles. At Flexed we offer all of the following in our car leases:
- A new vehicle (less than 12 months old)
- Manufacturer warranty
- Road tax
- Breakdown cover with roadside assistance
- UK wide delivery available
- 15,000 miles per annum (calculated on a pro-rata basis) contract allowance
- Higher mileages up to 25,000 miles per annum available.
If you’d like to find out more about car leasing, whether for business or personal use, or have any other questions for us, please feel free to give us a call on 0800 311 8290. If you’d prefer to contact us online, our contact information is located on this page.