The concept of leasing is a fantastic way to own a new car and change it every two or three years without losing thousands of pounds in depreciation. In this concept the car is covered by the manufacturers warranty, the Road Fund License is included, and roadside and breakdown cover is included also.

Very few people have the capital to buy a new car without some sort of finance. Even if you can afford to purchase a new car outright you will still lose a great deal of money as soon as you drive off the forecourt through depreciation.

The alternative to buying or the leasing concept is to buy a car through dealer finance or to take a personal loan. Often two or three years later when you choose to change the vehicle you discover that the settlement figure is substantially higher than the trade in value, therefore resulting in negative equity.

In short the concept of vehicle leasing gives you a new car with less cost and less hassle.

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