car leasing for personal use in the UK?
I want to change my car but I am considering leasing a car rather than getting one on finance or getting a personal loan from the bank. I think it is a good idea because you can get a brand new car and keep exchanging it after 3yrs. New cars depreciate ridiculously in price!
so my question is….
what is the best leasing company to go with?
what has been your experience of car leasing?
thanks
My reasoning for considering leasing is:
I want a new style car but they are at their most expensive at the moment and I dont want to pay that amount because they lose value so quickly.
So I dont wana take out a loan and pay over £10k for a car when I will be lucky to get £5K for it in a few years time! – and have to get another loan to get a nice car again!
Leasing seems so much simpler. and its not all that different from renting a house/apartment really- you dont own anything should you want to move
Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carquotes.fateback.com
if you are professional person do it/if not dont/cars last longer than 3 years and you are just a good profit source for the dealer/they get list for the car/keep your car in good shape and 7-8 years is not unheard of/also consider the overcharge for miles and they gong you for so called damages at the end
References :
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God be with you
References :
Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carquotes.fateback.com
References :