Leasing a car is something I’ve been considering for a while. My little Renault Clio, bought quickly a couple of years ago when I lost my job and therefore my company car at short notice, won’t last forever, and I don’t really have the spare cash right now to buy a car outright. I was really pleased to be asked to do a post for All Car Leasing, mostly because this gave me a chance to do some proper research into what leasing a car on a budget would mean for me (and my bank balance) whilst being paid for the privilege. Winner.
I’ve always been quite vocal about how leasing a car costs a fortune and is a waste of money. Then I realised I didn’t actually know that, I just presumed, and boy was I wrong. Check out the All Car Leasing website and you’ll see.
I’ve taken the below directly from their website, simply because they describe it better than me.
‘Leasing makes a brand new vehicle much more affordable. Although you’ll never own the car, it means you don’t need to worry about depreciation, tax, and if you take out our maintenance package, servicing, tyres or breakdown either.’
I had a nosy at how much I’d pay for my dream car (a Mini Cooper, the automatic version-because my old company car was an auto and I miss being a lazy driver!) and it was actually far less than I thought-a monthly payment of £308.62 a month. And then when I’m sensible and look at the car I’d actually go for-something small and simple like a Dacia Sandero (I always go for newer brands of car if I’m buying one as they’re usually a bargain-it seems lease cars are no exception) that would only cost me £188.84 a month. Even I can afford that!
Leasing a car with All Car Leasing includes your road tax and service, as well as replacement tyres when needed and breakdown cover. If you keep the car for longer than 3 years you’ll need to put it through its MOT (I have quoted prices for myself on a 2 year lease, because I know I’d want to get a new car again after that time) and there’s usually a sum of money to pay up front, which depends on the car you’ve chosen (the Dacia had an upfront payment of £556) plus a processing fee of £199 plus VAT.
That’s really not a bad price, I’m pleasantly surprised.
Have you leased a car before? What are your thoughts on it?
*This is a sponsored post which I’ve been paid to write. However, like all content on Inside Laura’s Head, all words, thoughts and opinions in this post are my own.