DFC Belfast 25 Year Anniversary

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DFC Belfast 25 Year Anniversary

028 9073 4222 facebook twitter

The 3 Biggest Myths Associated With Car Leasing


When it comes to investing in a new car, there are many different ways you can go about it. The first that springs to mind for most people, is to buy the car outright. For many people however, this really isn’t a viable option as they don’t have the many thousands of pounds available immediately to buy even the cheapest of cars. 


Another way to invest in a brand new car, is to lease it. The very word ‘lease’ however puts a lot of people off this avenue of investing. A lot of myths have come to be associated with leasing cars, so we at DFC would like to debunk the 3 biggest of myths to help you make the right decision when investing in a new car. 



 

1: Leasing is a waste of money

Firstly, let me ask you this; do you think buying a car is a waste of money? No? Even when you’re buying something that depreciates in value from the moment you buy it? Moreover, you need to tax it, fix it if it breaks, put new tyres on it, get it ready for the MOT, and keep it in general working order. After years of this, when you decide it’s time for a new car, you need to try and sell something that you’ve invested so much time, effort, and most importantly, money into. 


Leasing on the other hand, means you don’t have to worry about any of this. For low, fixed monthly payments, you can drive the exact same car you might have bought, and after however many years you lease it for, you give it back and it is no longer your problem. 

2: There are always fees at the end of the leasing contract


Unless you’re a reckless driver, with a complete disregard for your mileage limit, then you’re going to come to the end of your leasing contract without owing a penny. Of course you may incur some fair wear and tear charges, but generally leasing companies only charge you for things that will heavily affect the car’s resale value. 

3: You must buy the car at the end of the lease contract

This is a common point of confusion. Leasing a car means you don’tget the chance to buy the car at the end of the contract. In this sense, it’s much closer to renting a car. 

If you want to buy your car at the end of its contract, then leasing isn’t for you. Instead, you should consider car finance options, as these give you the option to purchase your car outright or return it after your period of having the car.

 

So there you have it. The three biggest myths surrounding car leasing have been busted. We hope this helps you decide to lease a car rather than buy it, but if you’d like to find out a bit more about the leasing process first, then please don’t hesitate to get in touch with us here at DFC. You can reach us via email at sales@dfcbelfast.co.uk, or alternatively, you can give us a ring on 028 9073 4222.