Why Personal Car Leasing Offers More Flexibility and Convenience
Finding a new automobile can be a stressful and time-consuming experience. In addition to the enormous range of automobiles, there are also many ways that you could own the vehicle. Many motorists will be looking for flexibility and convenience when it comes to purchasing a car. For those looking for these aspects, you will find that leasing is the best form of purchase.
Leasing, or personal contract hire (PCH), is a long-term rental of an automobile. This is usually a period of 2 or 4 years where monthly payments are made. Once you reach the end of the agreement, the vehicle is returned and you can then take out a lease on a brand new car. You do not own the vehicle with this type of purchase and there may be annual mile restrictions in place – if you exceed these you will have to pay a fee.
So, why is this a more flexible option than buying outright or personal contract purchase (where a balloon payment is made at the end to buy the vehicle)? The key difference is that you get to drive a different new car every few years and you are not tied down to one vehicle. In addition to this, many of the terms of the agreement are negotiable when you use reputable companies like Car4Leasing – this includes the length of the agreement, monthly repayments and mileage allowance.
PCH is also a very convenient form of purchase. One of the main concerns that motorists have when it comes to vehicle ownership is depreciation, which can be as much as 35% after one year of ownership. With PCH, you do not own the automobile so you avoid depreciation and do not have to worry about selling it on at a later date.
Another benefit of PCH brings is the fact that it is very cost-effective. The monthly payments are, typically, lower than PCP and there is no huge fee at the beginning or end of the agreement. Maintenance is often included in the service package, which is both cost-effective and convenient.
Overall, PCH is a terrific way to get behind the wheel of a brand new car every few years. It provides a great deal of flexibility and convenience, plus it can also be much more effective than purchasing outright or personal contract purchase deals. If ownership is not an issue for you and you like the idea of switching cars regularly, PCH could be the perfect form of purchase for you.