The concept of car leasing has been around for many decades. The United Kingdom in fact is the birthplace of the industrial revolution and the modern day car leasing center. You can lease a car for an hour, a day, a month or even for a year. Car leasing UK has been prevalent since the end of the Second World War. The ingenuity of the British car leasing companies and the sheer number of options available in the UK make it one of the best and safest markets for car leasing in the world.
Reasons for popularity of car leasing in the UK
The United Kingdom is home to many reputed international Auto brands. This is one of the reasons why the car leasing services in the UK are said to be among the best in the world. Car leasing companies and dealers are not just available in large cities like London, Edinburgh, Dublin etc. but also in the thousands of towns and hamlets spread across the country. There are so many options available and the cost advantage is so good that an average customer is literally spoilt for choice.
There is the worst recession of all times rampant across the world, where thousands of jobs are getting outsourced to third world countries and businesses are closing down. People are helplessly seeing their life savings being wiped out and the situation is getting worse every day. Car leasing companies cannot possibly change the situation, but they can definitely help you save a lot of money for your family. It makes perfect financial sense to lease cars instead of buying them in these gloomy times. This is because leasing a car is much cheaper than buying one. Car Leasing UK is the perfect option for people who don’t own a car yet but wish to use one despite the recession and tight finances.
Who will benefit most by leasing cars?
Of course the average individual stands to benefit by leasing a car, because as mentioned earlier it is cheaper to lease a car than buying one. The monthly payments on a car lease are lower compared to the monthly car loan installments. However, the ones to benefit most by car leasing are the small and large companies which need cars for daily usage. If a company buys a car it appears on their balance sheet as an asset. That too it is an asset that depreciates with time leading to many more hassles and complications. On the other hand leasing a car shows simply as an expense and does not really affect the balance sheets.
At the same time, the companies don’t have to worry about the depreciation of the car and then look for a buyer when they outgrow it. They can also afford to lease the makes and models of luxury cars which they cannot afford to buy. This will give their positive image in the market a lot of impetus. They can have their guests and clients driven around in luxury vehicles at a much lower cost than it would take to buy these vehicles.