DFC Belfast 25 Year Anniversary

028 9073 4222 facebook twitter

DFC Belfast 25 Year Anniversary

028 9073 4222 facebook twitter
  • Avoid depreciation with DFC leasing

    When asked by someone why they should lease rather than buy, depreciation avoidance stands right at the top of that list. Unfortunately, many people overlook depreciation and they instead choose to focus on variables such as fuel efficiency, despite the fact that depreciation is the single biggest factor that effects vehicle running costs.

    It is only extremely rare cases that vehicles increase during their life time. However in most circumstances, over time the value of the vehicle depreciates. Drivers who purchase a vehicle outright take on this risk, and will usually not know what the model will sell for until the time comes.

    Leasing a vehicle, with the knowing that you will be returning it at the end of the agreement, avoids the burden of depreciation. There’s really no need to pick and choose the model that will hold the value, but rather choose a vehicle that fits your need and your budget.

    The current residual and cost of funding for many vehicles means that lease terms today are extremely competitive. In many cases, you may find that you pay less over a fixed-term contract than if you had purchased the vehicle and then sold it on after the same time period.

    With added manufacture discounts, a competitive fixed monthly amount and no huge upfront costs, more and more individuals are starting to realise the massive benefits of leasing.  With routine servicing and maintenance also an option, it leaves customers with the reassurance that their only cost will be fuel and insurance.

    As the saying goes ‘If it appreciates buy it, if it depreciates lease it’