The Top 5 Reasons for Leasing a Car

Many people save up for years to buy their own car. With it helping to build up equity, no need to worry about mileage limits and the freedom to modify and make changes to your vehicle as you wish, there are plenty of pros. But leasing a car has way more benefits and is the best way to get the car you want without having to spend years saving. Here’s the top 5 reasons for leasing a car:

• Low Monthly Payments

Leasing a car means paying for it over an agreed period in monthly instalments. This makes it much easier to afford as there’s no pricey lump sum and the down payment is low and sometimes non-existent depending on the make or model that you opt for. As such leasing makes it much more affordable to drive the car you want without having to worry about it depreciating in value.

• Warranties

With a lease car, you’ll have a warranty which lasts for the period of the agreed lease. This means that if you suffer a breakdown, engine failure, need new parts or labour costs, your policy should mean that you’re covered. There are a number of different types of warranties you can benefit from depending on where you lease a car from. At John Clark, all the business lease cars

• Variety

Leasing a car means that you have the option to get a brand new car every few years. Something that’s much harder to finance if you buy your car outright. As you can just hand your car back at the end of the agreement, you’re not tied to it at all giving you the flexibility to swap and change makes and models as your please.

• No Hidden Costs

There are a number of tax benefits that can make leasing a car much more cost effective than buying, especially if it’s for business purposes. From VAT reclamation to an increased return on investment and cash flow management, the lack of hidden costs that come with bought cars can be hugely beneficial when measured over a long period.

• Less Worries

A brand new car every few years means there’s much less chance of things breaking down, parts breaking or costly repairs. This means you’ll be able to rely on your car much more and not have to worry about having to fork out money for expensive repair jobs.

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