In today’s economic climate everybody is looking into ways they can save money and live a little more within their means. Naturally that leads to cutting down on a few luxuries, and some are easier to reduce than others. In many senses, motoring is an everyday essential, but within that sector there are numerous ways you can shave a little bit off what you are spending.
Another pertinent financial factor in modern society is that people don’t like to be over-committed to too many things, and motoring definitely comes into that. This is why car leasing is on the increase, because it offers people flexibility and freedom and it means your finances are not tied into restrictive long term deals which limit your choices and options elsewhere in life.
Car leasing is available for both new and used cars, and more and more motorists are opting for the pre-owned car leasing market as a way to save even more money on a regular basis, whilst also enjoying the same benefits that leasing offers, as opposed to buying a car.
What are the benefits of used car leasing?
Primarily, the benefit that encourages most people to try used car leasing, is that it is cheaper than new car leasing. This is because cars depreciate in value very fast from new, and indeed, as soon as you start to drive a vehicle away from the forecourt, it is losing value. Hence, with a typical car leasing term being between one to three years, that is when a car will lose most of its value.
A pre-owned car is a vehicle that is re-leased by the leasing company, and so it will likely only ever be between one and three years old, so you can enjoy all the benefits of driving a relatively new car, but take advantage of a much-reduced monthly payment because the car isn’t worth as much.
This value-for-money aspect is further enhanced by the fact that leasing companies will hand-pick the best cars to put back on the lease market. This will be the cars in the best condition, with lower mileage and more durability. Furthermore, the cars are always serviced and maintained prior to going back on the market and so you know you are getting a vehicle that is in prime condition.
You also have much more flexibility with used car leasing. This means you can choose a lease term and mileage restrictions that suit you, and with a used car lease you can find a car that has existing mileage on the clock that you are comfortable with.
Used car leasing is cost-effective motoring
As well as these benefits to used car leasing, you can enjoy many of the same advantages that make car leasing an attractive proposition compared to buying a car. Essentially this means that the service and maintenance for the vehicle is factored into your monthly payments to the leasing company, and road tax is also. This means your costs are reduced and they are all kept together in a fixed, regular sum.
With used car leasing you can also enjoy the benefit of any remaining lease period on the vehicle. After an initial lease period, this may only be a year or six months, but it is peace of mind, and a car leasing company will often offer you an extended warranty period also.
Used car leasing is worth considering because it enables you to enjoy your motoring without the worry of expense, depreciation and breakdown costs. You have the flexibility to shop around and find the deal that suits you, and all the time you are saving money on your motoring. Modern cars are built to last, and this is making used car leasing more and more attractive, because even if a car is two years old and has 30,000 miles on the clock, you can still enjoy value-for-money motoring and you still have the same option of returning the car at the end of the lease period, and driving away with another one.
Take a look at Pink Car Leasing’s used car lease deals today.