Drivers are increasingly choosing to lease cars instead of buying them, figures have revealed.
(prHWY.com) March 7, 2012 - Uk, AZ -- Drivers are increasingly choosing to lease cars instead of buying them, figures have revealed.
Private motorists and businesses are taking advantage of car leasing deals which include insurance and servicing to save cash, industry experts say.
According to the latest figures from the Finance and Leasing Association the value of leased new cars in 2011 was £447m.
That compares with £302m in 2010 and represents an increase of 48%.
In the final three months of last year the value of leased cars was £114m, up from £72m in the corresponding three months of 2010. That represents a massive 58% increase.
The FLA suggests the rise in car rentals could be the result of increasing insurance costs and the servicing options in any car-lease agreement.
The organisation said another reason for the trend may be that individuals and businesses have less money to use as deposits because of the economic downturn.
The association's Paul Harrison said: "While personal contract-purchase and hire-purchase deals remain popular, increasing numbers of people are turning to leasing as an affordable finance option."
Contract hire means that you lease brand new cars or vans for a fixed monthly fee, agreed at the start of the contract.
At the end of the contract (usually 2 or 3 years), the vehicle is collected and a new one becomes available.
Car Leasing Ltd is a market leader, with a database of 6,000 vehicles. Whether it's Audi car leasing you need or makes including Vauxhall, Peugeot or Ford, call our friendly staff on 01483 891010 .
Skoda Octavia Diesel Hatchback 1.6 TDI CR SE 5dr: Lease over 36 months at 10,000 miles per annum, from £205 per month.
Audi A1 Diesel Hatchback 1.6 TDI SE 3dr: Lease over 36 months at 10,000 miles per annum, from £209 per month.
Fiat 500 Hatchback 1.2 Lounge 3dr: Lease over 36 months at 10,000 miles per annum, from £151 per month.
Nissan Note Hatchback Special Editions 1.5 [90] dCi N-Tec 5dr: Lease over 36 months at 10,000 miles per annum, from £179 per month.
Peugeot Rcz Coupe 1.6 THP GT 2dr: Lease over 36 months at 10,000 miles per annum, from £283 per month.
For more information visit:
http://www.carleasing.co.uk
Media Contact Details
Name: Julian Pearson
Company Name: Car Leasing Limited
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Telephone Number: 01746766144
Email: sales@nextvehicles.co.uk
Language: English
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