Leasing is a fantastic way to own a new car and change it every 2, 3 or 4 years without losing thousands of pounds in depreciation. The car is brand new, is covered by the manufacturers warranty, along with roadside and breakdown cover. The Road Fund License is even included – for the first year on PCP and HP, and for the duration of the contract on PCH and CH
Very few people have a lump sum available 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 other thing to remember is that we buy hundreds of cars a year and therefore can negotiate discounts from the dealerships AND the manufacturers, whereas individuals can only receive discounts that local dealers can offer.