Car Leasing Is The Key To Eliminating Depreciation
By Shaun Parker
Have you heard? Car leasing is the new black. It’’s in vogue. That’’s right, what was once only implemented by businesses recruiting their fleet of company cars is now becoming ever more popular with the man in the street. And with the ladies for that matter.
It shouldn”t be any surprise that car leasing is growing in popularity, given the current economic downturn. People would rather not invest a lump sum into a brand new vehicle when a car leasing company can do it for them and take the depreciation hit themselves.
Brand new cars depreciate at an alarming rate, some more than others, but nonetheless every single car that is purchased from a showroom will depreciate as soon as the owner turns the key, puts it into first and rolls out onto the road.
With a downpayment you can have your very own brand new MINI Cooper S for as little as 239 pounds per month. Here’’s a detailed example: If you were to buy a brand new Alfa Romeo MiTo it would set you back around 12,000 pounds and after a year’’s ownership and average mileage the car would depreciate by between 15-20 per cent. That’’s a hit of at least 2,500 pounds. You can lease the same brand new car for as little as 189.99 pounds per month with no hassles of worrying about depreciation, plus you will receive all of the perks that come with car leasing.
When you choose car leasing you will receive servicing as part of the deal so you won”t have to worry about expensive garage fees if your car encounters difficulties. And you don”t have to be tied into a long term contract either as car leasing can be undertaken for just 24 months. No large deposit, no financing worries, no servicing worries, no depreciation worries, could car leasing be any more appealing? It could be free! That would be more appealing, but as we all know, you don”t get anything for free in this life!
If you want a flash car to live up to the size of your ego but don”t actually have the income to afford a brand new pussy wagon, then car leasing is for you. You don”t want to spend all of your hard earned savings on the drive of your life only to lose 20 per cent plus of the value of your investment in just 12 months do you? What sort of prudence is that?
You wouldn”t invest in anything else that would depreciate so quickly would you, and you don”t have to ever again by indulging in a little bit of car leasing. It’’s the quick, easy way to get behind the wheel of a brand new vehicle that you could not afford to buy outright and is the perfect way to turn heads down the High Street, to impress the ladies or simply to drive to work each morning with a bit of comfort and style.
Car leasing companies offer all different types of vehicle, ranging from economical commuter cars, to luxury saloons, to the latest sports coupes, to comfortable and practical family MPVs. You name it, they can source it - and to your requirements to. You choose the colour, the size of the engine, the transmission, the interior, everything as you would when purchasing a brand new car only you don”t throw your investment down the drain.
About The Author
Shaun Parker is a finance analyst with many years of experience in the leasing trade. Find out more about car leasing at http://www.ambervehiclesolutions.co.uk