When it comes to getting a new car, you'll probably get a bit excited when exploring all the brand-new cars on the market.
However, don't scoff at the idea of getting a second-hand car. Much cheaper than a brand-new car and still in superb condition, used car leasing is a great financial move for those looking to save a few pennies.
In recent years, second-hand car leasing has become increasingly popular in the UK, and it's not hard to see why.
In this blog, we'll discuss the appeal of second-hand car leasing and why it's a great choice.
Second-hand car leasing is when you take out a lease deal on a car that's had a previous driver. It appeals to a whole range of drivers, from families to city dwellers to those looking for an electric car.
The great thing about used car leasing is that you can drive a relatively new car for an affordable price. You're not getting an old banger; you're getting a car that will still feature many new technologies and be proven to be reliable.
The main reason why many people will choose second-hand car leasing is because it's cheaper. At a time when new car prices are increasing, around 46% for small cars since 2020, used car leasing provides drivers with an affordable alternative (source: NimbleFins).
Because the car's value has depreciated, you'll be offered a much better leasing deal for a fraction of the cost of a brand-new car. How could you turn this down?
The word 'relatively' is the key here. Although not brand new, a second-hand lease car will only be a maximum of five years old or with 50,000 miles on the clock (for used cars leased through Nationwide Vehicle Contracts).
Think about that, at the time of writing this blog, that dates back to the end of 2019. You won't be getting a car that's ridiculously outdated.
It will still feature a wide range of technology, such as an infotainment system, driver assistance systems, and, depending on the model, connected services.
One thing that puts people off getting a new car is that it will be unreliable. However, this isn't the case. All second-hand lease cars have been rigorously tested to ensure they are in good condition, and a used car lease deal comes with a minimum of six months' breakdown cover.
This means that if something goes wrong with your second-hand car, your breakdown cover and roadside assistance will help.
You can check out our Breakdown Cover guide for more information on what is covered.
If you've decided on a second-hand lease deal, it's essential that you choose the right car. There's plenty of choice out there, but different manufacturers come with different reputations. When leasing a used car, you'll want a car that's reliable and affordable to repair. Here's a few manufacturer's we'd recommend:
It's also worth considering premium manufacturers. Their cars are exquisite when brand new and will still be in good condition years later. If this sounds like a bit of you, we'd recommend the German manufacturers, such as:
Looking for more information on used car leasing? Check out our blog, Used Car Leasing: All You Need to Know.
Nationwide Vehicle Contracts is one of the UK's largest used car leasing brokers, offering a range of used leasing deals to suit your every need. For more information, check out our latest deals or call us on 0345 811 9595.
