Leasing (sometimes known as contract hire) has been a popular way of running a car for businesses for many years but lately more individuals have switched on to the benefits of leasing.
Two of the major factors are the heavy depreciation that new cars suffer when purchased and unexpected repair costs associated with car ownership. Leasing can be a cost effective way of running a car.
Leasing a car also means you can drive a new vehicle every 2 or 3 years. Not only is this great fun (who doesn't love being behind the wheel of a brand new car?) it also avoids the need for MOT's and unforeseen bills (especially if you take out at maintenance plan with your lease.)
At the end of your contract term you just hand the car back and take out a new one. You don't need to worry about selling your old car privately or accepting a low part exchange.
If you're looking for peace of mind with your driving - leasing might well be for you!
Read our 'diary of a first time leaser' for more tips on taking the leasing plunge!