Lifestyle

5 reasons why leasing a car could suit you.

If you're looking for a new car, have you ever thought of leasing one? I have to admit, I really had no idea what it entailed, I assumed that is was rather like renting a car, with the prices making it not worth your while, unless you only really needed something on a short-term basis. However, I have come to find that isn't always the case and was particularly surprised to find it could even get you an upgrade you perhaps didn't think you would be able to afford.

Choice.

Leasing a car can open you up to a whole new world of choice when it comes to the car you end up having. This is because leasing a higher end car can be a whole lot more affordable, than buying one ever would be. What's more the car you lease can be completely tailored to your personal preferences and delivered straight to you.

Affordability.

When you lease a car you are normally asked for a bulk payment up front, this is often 3, 6 or 9 months' worth of payments in one go. The rest is then payable in monthly instalments, which you will have agreed upon before driving the car away.

Extras Included.

Many personal car leasing offers come with the ability to add in optional extras, these include road tax for the duration of your lease, as well as other essentials such as maintenance and servicing, which means you have fewer costs to worry about in the long term.

5 reasons leasing a car could suit you

No need to worry about depreciation of price.

One of the worst things about buying a car is how quickly the value drops over that first year of ownership. However, with leasing; you don't need to worry about it, as the car is returned at the end of a fixed predetermined period.

Drive as much as you need.

This one is pretty important, as while you can drive as much as you need, you also need to make sure you don't go over the mileage you agreed upon with the leasing company. Therefore you really need to think long and hard about how much you will drive the car over the preceding years.

Once your lease time is up, if you have completely fallen in love with the car, never fear as most companies offer the chance for you to buy the car at the end of the term and you might actually find the reasons for buying it works well for you.

There are of course other things you need to keep in mind when thinking about leasing a car, some of them are pros, such as the fact business owners can sometimes write of lease cars on expenses and the flexibility of no long-term contracts. While cons are things such as the cost of insurance (sometimes this can be higher if you are leasing) and making sure you return the car in the predetermined state. This includes not going over the specified mileage and making sure it is in a good condition both cosmetically and internally.

Leasing a car may not be for everyone, but I definitely think it is worth looking into if you just so happen to be on the lookout for a new car anytime soon. Me, well I think my little run around will hopefully last us a little while longer, but I won't pretend I don't sometimes dream of driving away a brand new car, I mean can you beat that new car smell?

Have you ever leased a car, if so how did you find it?

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*This is a collaborative post.

This article has 86 comments

  1. kage2015

    We prefer to own our own car. Know several people that like to lease a car and change up more often. Whatever works for a person is great.

  2. Thank You Honey

    This is great information. We are actually thinking about leasing our next cars. We just don’t put the mile on them like we use to.

  3. Jenny

    We have never leased a car, but always purchased. This would have been a great idea when my husband and were younger and ended up trading our vehicles after a few years.

  4. Marcie W.

    This is such a helpful post, as we are considering our next vehicle upgrade and torn between buying again or leasing for the first time. I love the idea of not having to worry about maintenance, but the mileage limits scare me!

  5. Jessica Taylor

    I am currently leasing a car and I love it. It is so much easier.

  6. Joan Cajic

    I am yet to go for driving, I know where have I been and it’s okay we will do it this year by force. This is a great idea to lease a car and I think I saw averts on this and I do think it’s not such a bad idea.

  7. TheSmallFashionista

    We’ve leased for the last 15 years. I love everything about it!

  8. Amber

    I’ve actually never leased a car before. I wanted to feel like I was putting money into something that would be mine one day.

  9. Rebecca Smith

    We have considered it in the past – it would definitely work for us should we decide to

  10. StarlightandStories (@2ndtimeMama)

    Some really good points here. This is definitely something I would consider next time we need a new car.

  11. Cris F

    Leasing has become so commonplace, and yet, I’ve never seriously considered it. I have to admit, though, that getting a new car every couple of years is a pretty good thought.

  12. Joanna Bayford

    I dont drive but can see why leasing a car can be a good idea. Especially if u can’t afford a car at beginning or need a temp solution.

  13. Leo T. Ly

    I only rented cars before and had never leased one. I own a business so leasing one can definitely help with lowering my taxes as I can write it off.

  14. Soonjoo

    I’ve never leased car in my life before but worry about car depreciation is something I never thought about it. Great article!

  15. Valerie Gray (@valmg)

    I know a few people that prefer to leave and have for years. It isn’t for me, I don’t want to worry about mileage and dings.

  16. Pam Wattenbarger

    I have never looked into leasing a car. I think it is a great option for some people!

  17. Miranda-Anosa @AJD (@MyraBev)

    I have never tried leasing a car yet but reading your blog post makes me interested on it. I guess I have to learn more about the leasing terms in the near future. Let’s see if it would be more advantageous for me.

  18. Anosa Myrabev Malanga

    I think leasing is also a good option to do especially when you don’t intend to live a long time in one place. Just my piece of opinion.

  19. Rhian Westbury

    I do think if you only know you need the car for a certain length of time then leasing can be a great option x

  20. Brandi H

    I’ve always been interested in knowing the details about leasing a vehicle. I like to trade in my vehicle every 2 to 3 years. I will definitely get more details before I trade my current vehicle in.

  21. Chubskulit Rose

    I always say that buying a car doesn’t really make you a total owner after you paid for it because you still pay taxes for it. Leasing is a good idea.

  22. Jade Bremner

    we looked into leasing but due to needing a biggish car and the insurance being more as we legally didn’t own the car it just was too expensive for us, Β£300+ a month it was working out at. I know that it is a great way for new/young drivers who only need a small car though I just don’t think leasing is great for those who need a bigger car xx

  23. mimicutelips

    I never gave this any thought. I also hadn’t considered the pro’s as a result of going this route.

  24. forkwardthinkingfoodinista

    Never thought about leasing a car before. The depreciation of car value is a great point x

  25. Farrah Less G.

    If you a person wanted to have a car updated every couple of years or don’t travel as much. Leasing is really perfect for you. I don’t mind leasing however right now I am trying to paid off all my debt. Maybe in the future I can consider leasing.

  26. Hannah Marie

    Yes, we do tried leasing before when we traveled out of town. It is better than always trying to get a cab every time we head out. Great points about leasing.

  27. Heather

    I think this sounds great, except that I probably wouldn’t be able to afford the upfront payments. Other than that, I love that you always have a new car and don’t have to worry about selling a car that depreciates really fast.

  28. Amanda

    I’m definitely the type of person who will make one investment in a quality car and then drive it until it is on its last legs, but this is great for someone with a different viewpoint. It is so nice that there are many car buying/leasing options.

  29. Tanya Brannan

    Such great information and it has come at the right time as our car is looking a little old and very much less reliable. I don’t have the money to purchase a new one outright, so leasing could be a really great option for us. Thank you!

  30. Adaleta Avdic (@adaatude)

    I’ve never thought to lease a car but you’ve made some really valid points here. Now I’m intrigued.

  31. Kara

    We looked into leasing a car but sadly it wouldn’t work for us as you are strictly limited on mileage and we go way over every year

  32. fussfreejen

    We actually considered this option while we were without a car for a number of years. We used to hire if we were going somewhere, but being without wheels at all the other times was sometimes horrible. We looked in to leasing and it seemed like a pretty good idea. The only reason we didn’t was because we ended up getting a car from a friend instead.

  33. Helen Costello

    Leasing was great for us when we were younger and more concerned with keeping up with the new model of cars. 3 kids later, I would be terrified about giving it back!

  34. Amy

    I have never leased a car before but my mum has a few times and it’s always been a really positive experience. You’ve raised some really good points πŸ™‚ x

  35. Laura Dove

    I know most of my friends lease cars, it means they can get a great, up to date car, without worrying about having to fork out on the retail price! It also means they can trade it in for a newer model at a later date!

  36. Healthy and Psyched

    I never knew leasing a car was an option until last year. Now I know of quite a few people who do it. I was lucky that I could afford a car when I wanted and I’m happy to stick with it until it breaks down πŸ™‚

  37. Jemma @ Celery and Cupcakes

    I have a few friends who lease cars, I thinks it is definitely a really good option πŸ™‚

  38. Lauretta at Home and Horizon

    This is a fantastic idea! I never though you can do this. It is really a considerable option.

  39. lavandamichelle

    This is great information about leasing cars. We are actually never leased,but we thought about it.

  40. toastycritic

    I do know people who lease cars and they love it. I have thought about it. I just don’t think my daughter is old enough to deal with this just yet. But maybe soon.

  41. BeautyAndThePrince (@Lisasbeauties)

    we done it once for my daughters birthday or a treat but it as costly although better for us

  42. Ashton Gibbs

    I’ve never personally leased a car before but can totally see the benefits of it!

  43. Kiwi

    Honestly leasing isnt for me but good advice for people considering it. My grandmother is always leasing cars.

  44. hann182014

    I think leasing can work good for some people. My friend always leases hers

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