When it comes to leasing a car there are advantages and disadvantages of both options. When you lease a car you do not have to fork out the thousands of pounds upfront, instead you usually pay a monthly or weekly fee for the car. The amount often depends on what type and size of cheicle you have, its value and sometimes how many miles you are going to do. Often leasing pricing is set in bands and you will be allowed to do up to a certain amount of miles and then be charged if you go over these miles.
There are pros and cons to leasing a car, and you should be aware of the negative sides too before you agree. Leasing a car is often expensive in the long run. When you lease, you’re basically paying for the use of the vehicle for the first 2 or 3 years of its life – when the car depreciates the most. After the lease period you will either hand it back and lease a new one or carry on leasing that one. If you had a car on finance you are paying towards the cost of it so eventually it wont cost you anything monthly.