4 Facts that will Convince You to Try Vehicle Leasing

By Lauren Bagnall
4 Facts that will Convince You to Try Vehicle Leasing

Making the choice to take out a leasing contract for your next vehicle has become a popular choice for drivers across the UK. It’s cheaper and much more practical for certain lifestyles, and can keep individuals up to date with the latest model of their favourite brand. Safety features and technology are constantly being developed, so it’s a smart idea to take advantage and get your next car on monthly lease rentals. However, some people are still sceptical…

Here at MW vehicle contracts (MWVC), we provide pickup, van and car leasing in Leicester and across mainland UK. All of our leasing deals can be suited to your personal preferences and budget, whether you’re looking for an individual contract or a business one. With a set contract length and mileage limit, your monthly rentals will never change, allowing you to balance your finances. If you’re considering whether to lease or buy, here are some important facts you should know.

Around 1.6 million People in the UK Lease a Car

The vehicle leasing industry is increasing in popularity, month by month. The latest statistics show that around 1.6 million people in the UK have made the choice to lease their brand-new car. In the past, buying a car upfront was, pretty much, the only option. Now, people have the choice to make monthly payments or rentals in order to suit their needs and lifestyle. When you turn to a leasing company, you can drive a brand-new vehicle without having to buy it outright; at the end of the contract, you can simply return the vehicle and choose a brand new one on a new contract. It’s a great way to save money in the long term, and you can drive around in style.

Our vehicle leasing deals here at MWVC are hard to beat, with car, pickup and van leasing deals perfect for all situations. The all-new Ford Fiesta Hatchback is currently just £191.06* per month inc. VAT, allowing you to drive the latest version of this popular car without having to pay an extortionate amount outright. To view our full collection of car leasing deals, please visit us here.

It’s Cheaper than Buying Outright

As previously mentioned, buying a car outright can put you severely out of pocket; even if you’re paying for the vehicle out of your savings, you still may need the money for other expenses. Some people remain sceptical because buying outright is how we’ve always done it, but times are changing, as are our spending habits. If you’re looking to drive a brand-new vehicle that isn’t pre-owned, but you don’t want to pay through the nose, then vehicle leasing is perfect for you.

If you need the comfort of an SUV but the towing capacity of something much larger, then why not consider an all-new double cab pickup truck on lease? The all-new Toyota Hilux is currently just £185.68* per month ex. VAT, perfect for business owners who need a vehicle that they can use for personal errands too. All of our pickup truck leasing deals can be found here.

It Provides Tax Benefits for Businesses

If you decide to lease your next solo van or fleet of vans, if you’re a VAT registered business, you can enjoy VAT and tax benefits. You can claim up to 100% of the VAT of your rentals and your maintenance package, should you choose to opt for one. This not only saves you the money of buying outright, but can help you claim back a few extra pounds each month that could be invested back into your business. Whether you need a singular van as a self-employed business, or you need a whole fleet, our van leasing deals can be found here.

Depreciation Costs are a Thing of the Past

When you buy a vehicle outright, it will more than likely not be worth the same price if you decide to sell it further down the line. Therefore, buying outright is a bad investment, as you’ll never be able to make a profit; when the mileage of a car goes down, so does the overall value, so buying outright is never worth it. By making monthly rental payments, you’ll never pay for the full price of your vehicle, and can drive a brand new car on a contract that suits you.

We’ve been providing pickup, van and car leasing in Leicester and across mainland UK for years, with extensive knowledge and experience to help advise you on the very best deals that suit your needs. To find out more, please give us a call on 0116 259 9548, and a friendly member of our sales team will be happy to assist.

*all pricing correct at time of publishing