What Is Car Leasing? | Fulton Vehicle Leasing
Fulton Vehicle Leasing

Car Leasing Guide

Vehicle Leasing Explained

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What is car leasing?

Car leasing is in essence it is a long-term vehicle rental agreement, suitable for any business or private indivuidal. The products’ flexibility makes it an ever popular choice, increasingly with private indivuidals as more become aware of the many benefits leasing offers.

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What are the benefits of leasing a car?

You may already be aware that due to deprecation car leasing offers one of the most cost effective ways to drive a brand new car. There are several other benefits too that you may not have considered. See a brief of these below:

  • Fixed monthly rentals

    Enjoy the flexibility that monthly rentals offers. Monthly rentals are also fixed and usually lower than repayments on a car loan.

  • Low initial rental

    Lease deals have a low initial rental and require less an outlay than other methods. The initial rental is normally equivalent to 3, 6 or 9 monthly rentals.

  • Drive a new car regularly

    Simply hand back the keys at the end and lease again. This enables you to drive a brand new car regularly, benefiting from the latest specification.

  • Avoid the cost of depreciation

    Leasing a vehicle allows you to avoid the burden of depreciation. In most cases losing more than the total cost of a car lease.

  • Full manufacturers warranty

    All car lease deals come with a full manufacturers warranty, usually longer than the term of a vehicle lease. Enjoy the added peace of mind.

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Should I lease or buy a car?

Often people who are new to leasing wonder if they are better buying a car outright or financing the vehicle. Car leasing offers many benefits over purchasing a car. We break down the differences between leasing a buying for you below:

Leasing A Car Buying A Car
No vehicle ownership Vehicle ownership
Low initial payment Initial outlay could be large
Monthly rentals lower than loan payments Loan payments higher than monthly rentals
No concern of deprecation Car depreciates in value quickly
Simply hand back the keys Often poor resale values

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