Benefits for private individuals :
- You can have a brand new car every two to four years.
- Monthly repayments will be on average between 35% and 55% less costly than the repayments on a car loan. Also, in the majority of lease agreements, only a small deposit is necessary, usually amounting to 3 monthly payments.
- Stop worrying about the car depreciating in value. The individual doesn’t own the car the lease company does.
- Gain access to prestige models that would normally be too expensive with other forms of finance.
- Avoid the need to haggle in the used car market.
- Make lower monthly payments that can also cover maintenance and servicing. Road tax is also usually included in the lease.