These days, there are several ways to pay for an automobile, and leasing is getting more and more popular. What are the advantages of leasing, and why is it growing in popularity? Leasing enables you to drive away in a brand-new vehicle for a price typically lower per month than other financing options. In addition, you don’t have to worry about depreciation because you are essentially renting the car; instead, you may switch to a new vehicle after the rental period. Finally, suppose you’ve adhered to the T&Cs. In that case, all you have to do to complete your lease is return the car without incurring additional costs, it’s as easy and convenient as that.
Before I reveal the best leasing deals, I will explain a few of the criteria I looked at to come up with the list. As well as the obvious things to look for, such as interest fees and reputation, there are also a few other things to consider that many people need to factor in when looking for a leasing company. These include:
Restrictions – Although every lease agreement is unique, the finer details typically include mileage restrictions and a prohibition on making changes to the vehicle, such as installing a spoiler or tow bar. In addition, conditions can forbid you from taking the car abroad, at least not without first getting your lease company’s approval.
Upfront Fees – This upfront fee is provided as a multiple of your monthly payments at the start of your lease. Often, you can select to pay an upfront fee of the combined total of either one, three, six, or nine monthly instalments. Your monthly payments will be less if you pay more upfront and vice versa.
Penalty Fees – The vehicle’s estimated value at the end of the lease or financing agreement determines your lease payments or monthly finance payments. The car’s agreed-upon mileage restriction, complete manufacturer service record, and condition determine this value. The lease or lending firm will impose severe penalty fees on you if you fail to comply with all three conditions. Some of them may be subject to dispute, but others are entirely out of the question, and you may be required to pay hundreds or even thousands of pounds to settle the account.
Servicing Costs – In addition to your monthly payment, consider the servicing fees and car insurance you will likely be liable for paying. You’ll have the choice of adding a maintenance package to the agreement; this will cost you additional money each month. Although policies can differ, they typically include replacement tyres and yearly maintenance.
Best Leasing Deal Companies
Now for the real reason you’re here. We give you the best leasing deals you will find anywhere.
Vantage Leasing
Vantage Leasing, founded in Manchester in 2008, is dedicated to providing people and businesses that have new vehicle leasing needs, a high-quality service. They have experienced tremendous growth over the years and they are now one of the most reputable leasing companies in the business. To improve the client experience by providing a part-exchange facility on all newly leased vehicles, they built a used car dealership in 2014. They are also now acknowledged as pioneers in the prestige car leasing sector. They have fostered and developed a client-focused culture over the years. They differentiate themselves from the competition by offering luxurious vehicles at competitive prices. Vantage leasing offer some of the best deals on the market, have an excellent reputation and outstanding client feedback and are ideal if you want to add a bit of luxury to your life.
Rivervale Leasing
Since its founding in 2001, Rivervale Leasing has developed into one of the UK’s top providers of car leasing services for both commercial and private customers. Rivervale Leasing guarantees to locate any make and model of car for you, and their website offers 35 different automakers to pick from because it is not affiliated with any particular brand. The website is easy to navigate and to begin all you need to do is use the straightforward slider to choose between personal and business estimate. There is also a column at the top which displays the newest deals. You can choose four paths to find your desired car: manufacturer, price, size, or type. In addition to some general features, tips, guidance, and polls, the website also includes a growing library of information about car leasing.
Vanarama
Vanarama is a prominent provider of personal and business car leasing. They can help you find your ideal car, a brand-new van for your company, or a pick-up truck. Vanarama knows that your car says a lot about you, so they aim to make upgrading as simple as upgrading a phone. They aim to get you going as quickly and affordably as possible. Vanarama has found that investing in its industry-leading customer service and the personnel that deliver it is a winning formula for success. By selecting Vanarama you be working with a company that has won many awards that range from sector accolades to national honours.
Conclusion
So there you have it, three of the industry’s top players. Here’s a quick breakdown to simplify and conclude what you can expect from each mentioned company.
| Company | Rating (out of five) | What They Offer |
| Vantage | 4.8 | Luxury cars with value prices |
| Vanarama | 4.5 | Best for Vans |
| Rivervale | 4.3 | Easy-to-use website |
Customers who desire the benefits of owning a new car without breaking the bank frequently choose car leasing. The cost of leasing an automobile is commonly compared to financing it through a dealer or a bank. Nevertheless, with a contract hire leasing arrangement, your monthly rentals cover the cost of the car’s depreciation throughout the lease time, in contrast to a purchase-style deal where your monthly payments go towards the cost of the vehicle. You will also enjoy all the advantages of driving a brand-new car, such as dependability and technical advancements, without worrying about the car’s worth depreciating over time because you never own it.
The research for this article was provided by Vantage Leasing, but the views and opinions are most certainly my own. Why would Vantage Leasing provide information on their competitors and highlight their USP’s? Because they’re an honest and open company and that’s exactly what you get when dealing with them.
