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Top 15 Benefits of Car Leasing

Photo of Donna By Donna
30th December 2022

What is car leasing?

Is car leasing a good idea?

Is car leasing a bad idea?

Is it better to buy or lease a car?

When it comes to choosing between buying or leasing a car, it comes down to your personal preference. If owning a car isn't that important to you, car leasing may be an affordable way of getting behind the wheel of a new car every few years.

Keith Hawes
Director - Nationwide Vehicle Contracts

What are the advantages of car leasing?

Top 15 Benefits of a Car Lease

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1. Lower up-front cost

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2. Fixed monthly rentals

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3. Road tax is included

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4. Breakdown cover is included

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5. You get a brand-new car

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6. No depreciation worries

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7. Delivery to your door

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8. Tax relief for businesses

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9. No long-term commitment

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10. Get a really good deal

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11. Avoid PCP hassles

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12. Manufacturer warranty

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13. Hassle-free returns

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14. Maintenance and MOT can be included

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15. Contract tailored to your needs

What are the disadvantages of car leasing?

Top Disadvantages of a Car Lease

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1. You don't own the car

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2. Wear and tear

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3. Must be financially eligible

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4. Excess mileage charges

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5. Early termination charges

Common car leasing mistakes to avoid

Five Car Leasing Mistakes To Avoid

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1. Underestimating Annual Mileage

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2. Not keeping the vehicle in good condition

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3. Insurance

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4. Over-stretching financially

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5. Length of lease contracts

Guide Information

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About the Author: Donna Kelly

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