Why Vehicle Leasing is Better Than Buying

By Lauren Bagnall
27-04-2021
Why Vehicle Leasing is Better Than Buying

When it's time to start thinking about trading in your old vehicle for a brand-new one, there are now a range of different payment options to choose from. Some people are still wary of finance or lease contracts and stick to paying upfront. However, in this day and age, buying a brand-new vehicle is simply not feasible for many people, neither is it the best option. It can put a huge dent in your finances, and top of the range vehicles can put you out of pocket. In order to get the best value for your money, you should seriously consider looking towards vehicle leasing.

Here at MW vehicle contracts (MWVC), we provide a wide range of car, pickup and van leasing deals perfect for both personal and business use. Following an initial rental, your monthly rentals will never change throughout your contract, and your brand-new vehicle can be delivered straight to your door at no extra cost across mainland UK. Read on below to discover, once and for all, why opting for a lease agreement is a much better financial endeavour than buying upfront.

Depreciation Costs

All vehicles depreciate over time, unless you're talking about a vintage car from the 1960's. If you purchase a vehicle and decide to sell it on in a few years’ time, it will have certainly lost its value, and you won’t get as much money back for it. Anyone who knows anything about cars will tell you buying a brand-new car, van or pickup upfront is a bad investment; it's not just a sales technique, it's the truth. Unless you've got enough in your savings without it causing financial detriment, then you should always look towards a leasing company for your next vehicle.

Providing van, pickup and car leasing in Leicester and across mainland UK, we have a range of special offers on several vehicle leasing deals here at MWVC. You don't have to worry about depreciation costs when leasing, as you just return the vehicle at the end of your contract, and you can even opt for a brand new one on a new contract. To view our latest special offers, please visit us here.

Manage Your Finances

Whether you’re an individual looking for a brand-new vehicle, or you need a van or company car for your business, you need to consider your finances before making a commitment. Buying a new vehicle upfront can be a huge detriment to your finances, whereas leasing can help you manage your payments. Having a set payment that will never change and that comes out on a set day each month can help you keep on top of what you're spending, which helps you balance your books.

Here at MWVC, we have a collection of brand-new vehicles, with leasing deals, mileage limits and contracts lengths suited to your preferences. The all-new Volkswagen T-roc is currently £235.08 inc. VAT per month, and comes fully fitted with a driver alert system and a multifunctional camera in order to aid you on the road.

The Fair Wear and Tear Policy

When you lease a vehicle with us, any minor bumps and scrapes will be protected under the BVRLA's (British Vehicle Rental and Leasing Association's) Fair Wear and Tear policy. The BVRLA outlines what damage is acceptable and what isn’t when you return your car to the funder. When you buy a car upfront, if you want to get rid of these small scratches, you'll have to pay for them, which can easily mount up. With leasing, not only is your road tax included in your contract, but all minor damage that is deemed acceptable is too. We also offer a cosmetics and alloy policy to pay for repairs for a small extra cost.

Here at MWVC, we believe that vehicle leasing is the absolute best value for money when it comes to driving a brand-new motor. If you're a business looking for new transport vehicles, the all-new Ford Transit Connect is currently £153.51 ex. VAT, and is the perfect choice for carrying small loads, and even comes with cruise control. If you would like to find out more, give us a call on 0116 259 9548 to speak to a friendly member of our sales team today.