It’s easy to get into the habit of thinking of a car like a house – you buy it and you keep it for as long as it suits you. But what if you could consider your car more like a mobile phone? Where you lease it for (x) number of months then can ‘trade in’ and upgrade the model to the next one you like?
Car lease UK deals are making this sort of transaction more attractive, and more viable, but what do you need to know?
Knowledge Is Power
One of the major challenges people face is thinking of a car in terms of leasing monthly. They think of paying the bank back with a loan monthly, or leasing or hiring a car short term, but many potential clients come to leasing with completely the wrong ideas and don’t understand what hire leasing can actually mean. It’s important to understand it though – it could make the difference between ‘settling’ for a car that’s going to devalue more than you pay in, in the first few years of its life, and leasing a car with easy to pay for options and no difficulty whatsoever working with the need to upgrade flexibly.
Hire Purchase Is the Best Option
While it’s true that some people would be best just outright buying a car, with the variety of options and the speed at which cars are becoming more efficient, more attractive and easier to drive than ever, it’s vital to ensure that the car you buy is the one you want to keep – otherwise, you can consider leasing one. Leases are often a great to ensure that you’re on the ball, and if you’re looking to ensure that you can get the latest car, without the instant ‘one third devaluation’ that can occur, just from driving it off the forecourt (if you believe that statistic or any other one about how cars devalue) then you need to consider leasing as a viable solution until you’re ready to buy that one, perfect car. And until then you can cycle through all kinds of cars, depending on your short and mid-term needs – just change every two years if you pay for 24 months at a time.
Thinking of your car like a mobile phone contract isn’t new – but it can make the difference to how people view car lease UK deals.
