An increasing number of people in the UK are becoming aware of the appeal of Car Leasing over outright purchase.

The personal car leasing market in the UK still has a long way to go to catch up with the size of the market in the United States. But as the economic downturn is forcing many to look closely at their finances personal car leasing is becoming increasingly popular, even with those who have traditionally bought their cars outright.


Under a car leasing contract you may never actually own the car and, for many, this is a deterrent. They worry that they will incur significant financial penalties if they exceed the contracted mileage or if they damage the car.

Most car leasing firms are very aware of these concerns and they will endeavour to ensure that the car leasing contract is appropriate specifically for your needs. That means defining a generous mileage allowance and looking at ways to protect you from expensive repair costs. Most will actually include regular maintenance, replacement tyres and AA or RAC membership in the contract.

If you are thinking about changing your car and you have never considered car leasing as an option there couldn’t be a better time. The market is highly competitive so you are bound to get a good deal, especially if you shop around. Just make a list of your requirements and your concerns an be certain to talk these through, in detail, with your car leasing firm.

I am confident that you will, like me, be pleasantly surprised by how much you can save while at the same time you get to drive a brand new car without any worries about garage bills or selling it once you have had enough.

ABOUT THE AUTHOR:

Peter has received many accreditation's including many from the Times Online. As founder of You Could Save (2005) and What Stationers (2007) Peter regularly helps consumers and national organisation ‘save money’. He believes that the only successful way to bring people together online is to provide an open marketplace where people can all work together in a friendly, unbiased environment. You can contact Peter Millikin either through his Google+ account or via his websites.

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1 Comment on this article. Feel free to join this conversation.

  1. jen March 30, 2009 at 6:51 am -

    In the last couple of years, more and more of my friends have taken this option. It works out so much cheaper than buying a new car from the start and then the peace of mind with servicing and maintenance attached to a lease car is fantastic.

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