The one guarantee about shopping for a brand new automobile is that it will begin to lose its value as soon as it leaves the showroom. After four or five years it might even grow to be a financial millstone around the owner’s neck, high on upkeep costs but too low in worth to facilitate a worthwhile trade-in exchange for a new model. Furthermore, the relative unreliability of the car implies that this ‘asset’ may well spend much of its time sitting in the owner’s drive awaiting repair rather than being on the road. There could be a way out of this depressing cycle, automobile leasing.
A car lease enables the driver to pick out a brand new model of his or her selection and revel in exclusive use of that vehicle for a fixed contract term, often between two and four years. The driver makes a monthly payment that’s relatively low cost because it is based mostly only on the value the car loses in depreciation during the contract period rather than on the entire value of the car.
The overall outcome is that by the end of the contract period the driver will have paid far less than would be the case had the automobile been purchased. Though the car then has to be handed back to the leasing firm, so too are the burdens of depreciated value and maintenance costs. The driver can then lease a new car for a similar month-to-month payment.
Motoring is still a risky business. In the UK there are nearly 40,000 serious traffic accidents each year. Other than doing all one can to try and minimise human error, there are also proven benefits in incorporating some of the newer safety technologies available on the market. Leasing a vehicle utilizing contract hire enables the motorist to pick out models that feature these gadgets as standard. Once the contract period is over the driver merely returns the vehicle and chooses another model. In this manner the driver always keeps up-to-date with the most recent safety innovations.
Some of the more practical safety technologies to look out for include: electronic stability control (ESC), active head restraints, and side airbags. ESC is a real potential life-saver. With ESC an on-board pc continually looks out for any discrepancy between the direction of the steering and the path in which the vehicle is actually travelling. When it spots a discrepancy (for example when the driver loses control in a skid) it automatically puts the automobile back on to its correct course.
Active head restraints move closer in direction of the back of the head during an impact from behind, thus cushioning the head and serving to to prevent whiplash. Side airbags give protection should the vehicle endure an impact from the side. Some safety options will more than likely be only found at the top end of the market. The advantage of contract hire is that, whatever the worth of the model selected, month-to-month payments will at all times stay modest.
Van leasing pro’s lease4less have great expertise in all kinds of vehicle leasing, from specialized refridgerated trucks right down to top of the range sports cars, we have the best deals and the lowest prices across the UK.