It can be daunting making the step from ownership to leasing a car. Whether you have doubts about car leasing or need some answers to your leasing questions, then let Planet Leasing clear up any confusion and debunk these 12 common myths about car leasing.
1. Leasing a car is more expensive than buying a car
This myth is extremely common. Leasing, in many cases, can be cheaper than buying a car. Our leasing experts take your monthly budget and find the best options to suit you. The monthly costs remain the same throughout the contract period so you can easily factor in the payments for your new car based on your monthly earnings.
Lease cars are brand new, so the chances of things going wrong with the car are a lot less compared with buying a used car. Also, when you buy a car, you always end up losing money because of the vehicle's depreciation in value.
2. Your options for cars or vans to lease is limited
Planet Leasing have thousands of leasing options. From electric vehicles to commercial vans, our experts will find you or your business the right fit. Leasing is also not restricted to car size or make. From Mini, BMW to Mercedes-Benz and Skoda, Planet Leasing have access to the best leasing deals across the UK.
3. There are loads of hidden fees when leasing
Some unregistered and inexperienced leasing companies use attractive monthly prices to draw people in and then increase the cost with loads of hidden fees. This is not the case with Planet Leasing. Our promise is to offer the best customer service and make things easy for you, including being upfront with initial and monthly payments.
4. You’ll have to wait for months to receive the new car
It is true that there are currently lengthy waits for some new cars. If you are looking to lease a vehicle asap, then speak with our team to lease one of our In Stock Offers.
5. You must pay a massive deposit to lease a car
It is standard practice to pay an initial payment when leasing a car. This may seem like a large amount to pay out when you don’t own the car, however, the initial payment is relative to the price of the car e.g. a £2,500 initial payment to drive a £55,000 car, seems reasonable.
When you lease with Planet Leasing, our experts will look at your initial payment budget and find a deal to suit you.
6. You must buy the car at the end of the contract
Incorrect. The beauty of leasing is at the end of your contract, you can get a different, brand-new car once the old one has been handed back. Depending on the contract, when you lease with Planet Leasing, you'll have the choice to either hand the vehicle back to the finance provider, extend your lease deal, or buy the car from the finance company.
7. You can’t take your lease vehicle aboard
Not true. When you lease a vehicle with us, you can take it out of the UK, as long as you have the required documentation and permission from your finance provider.
8. Leasing a car is complicated
Our promise is to offer the best customer service and make things easy for you. When you work with our experts, they will map out the process and find the best leasing deal for you. When your contract comes to an end, we will guide you through the process of handing back the vehicles, and if you wish, taking on a new leasing contract.
9. No one else can drive your leased car
Again, this is not true. You will need to manage insurance for your lease car, which will determine who is able to drive it. It is important you are mindful of the wear and tear of your lease vehicle, so we wouldn’t suggest letting anyone drive your lovely new car!
10. You can only do low mileage in a leased car
Incorrect. Your contract length and mileage terms are up to you, so if you want to allow for higher mileage then that’s ok. With the mileage terms, the more miles you plan on covering, the more you'll pay. If you go over your mileage limit, then you will be charged additionally.
11. You don’t have to worry about maintenance
Although leasing a car can be a lot easier than buying one, you will still be required to maintain the upkeep of the car. At Planet Leasing, some of our lease deals include maintenance, or you may need to pay extra for it. It's best to discuss this with one of our expert leasing advisors.
12. Car leasing is only for businesses
With Planet Leasing, you can take out either a personal or business lease. If you are looking for personal contract hire, then view our latest deals here.
Still have a question about vehicle leasing? Read our frequently asked questions.
Why choose Planet Leasing for car leasing in Essex
Whether it's a short-term or long-term business lease, Planet Leasing will find the best van lease deals for you in Essex and across the UK. With our extensive knowledge of contract hire services, including insurance, credit providers, VAT implications, and TAX benefit advantages of car leasing, you can trust our impartial and direct advice.
PLUS enjoy Free UK delivery on all leases.
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