Personal car leases are a popular choice for many individuals due to their attractive features, such as lower initial payments and reduced depreciation risk. Compared to other financing methods for new vehicles, personal leases for cars are highly cost-effective.
Apart from the financial advantages, personal leases offer a range of benefits that provide peace of mind and enhanced security. Some notable advantages include:
- Manufacturers Warranty for the chosen vehicle
- Enjoy driving a brand new car every 2/3 years
- Increased affordability of driving new cars
- No concerns about MOT requirements
- Road tax included for the duration of the contract
- Fixed monthly payments for easier budgeting
A key advantage of personal car leasing is the option to return the vehicle at the end of the lease agreement and initiate a new contract for a different model. This eliminates the hassle of selling your car privately while allowing you to experience the latest specifications and engine upgrades.
Personal Contract Hire (PCH) is the most prevalent form of personal leasing, enabling regular access to brand new cars through fixed monthly payments.
Another option to consider is Personal Contract Purchase (PCP) which includes the choice of a balloon payment to own thr actual vehicle at the end of the agreement.
For business owners, business contract hire is an ideal service to help keep your company mobile.
Personal Contract Hire too long?
If 2 or 3 years is too long a period to commit to, then why no consider a short-term solution such as a flexible car subscription or a short-term car lease.
These shorter-term contracts are available to both personal individuals and businesses and offer a great alternative to longer-term leasing.
Take a look at out services below:
Find a Car Lease
Trying to search and compare various car lease deals can prove extremely hard work. This is why we offer a Find a Car Lease service where we do all of the frustrating work for you.
We compare car lease deals using no less than 12 different funders as well as manufacturer based funders such as Alphabet, VWFS and Athlon.
It is free to try and you are under no obligation to go ahead. Click the highlighted link above.
