Should You Lease A New Or Used Car?

Should You Lease A New Or Used Car?

When scouring the market for a new car the typical motorist will refine their search according to their circumstances, and everyone has different circumstances. There are lots of cars out there and lots of different deals too, but finding a new car is not always just about what cost savings you can make. Finance is a big factor of course, but sometimes you are weighing up other things, such as the availability of a particular car or model that you want, or the level of performance or reliability you want from a vehicle. For this reason, many people are now considering used car leasing alongside new car leasing.

If you are new to the car leasing concept then the thought of leasing a used car could put you off, but the structure of a used car leasing deal is very similar to that of a new car, and there are a number of other benefits also. Fundamentally, it could be the quickest and cheapest way to drive the car of your dreams.

What is used car leasing?

The term used car leasing might traditionally lead to visions of signing up to drive a clapped-out death trap with steam coming out of the bonnet. Of course the reality is very different, and really, instead of used car leasing we should use the term ‘pre-leased’. The range of used car leasing offers available through Pink Car Leasing involves vehicles that are not pre-owned as such, but pre-leased. In other words, they are maybe two, three or four years old and were brand new when a lease agreement was previously arranged for them. Many used car leasing vehicles were previously fleet vehicles for businesses, for example.

This means that the vehicle was driven under mileage restrictions so will not have excessive mileage on the clock, and because of the depreciation that occurs with any car, the lease company can now pass these savings on to you.

What are the typical conditions of a used car leasing deal?

In terms of the structure of a used car leasing agreement, there is not much difference when compared to a new car leasing deal.

• You will be able to use any of the manufacturer’s warranty that remains on the car

• You will enjoy the same breakdown cover, road tax and service & maintenance benefits seen in new car lease agreements

• You agree a lease term and mileage restriction and return the vehicle at the end of the lease period.

What are the benefits of leasing a used car?

• Of course, because you are driving a pre-leased vehicle which has depreciated in value, this will be cheaper than driving a new car

• All our used car leasing vehicles undergo a full health check so you can be assured the vehicle is in good condition

• At Pink Car Leasing we only select the very best vehicles which represent the best value, and of course are reliable and in the best condition. So the customer is able to hand-pick the best car for them

• Because the vehicles are pre-leased, they are owned by and accessible to the leasing company, so you will be able to get your hands on the vehicle much quicker, compared to ordering a new one.

Take a look at our used car lease deals.

What are the benefits of leasing a new car?

Naturally, your personal circumstances might dictate that price isn’t as critical a factor to you and you want the full choice of vehicles available on the market. This means that new car leasing is probably more appropriate for you.

• Leasing a new car means you can afford a higher spec of car than if you were buying it. This is because you are only paying for the depreciation of the car, not the ownership. So new car leasing changes your aspirations and allows you to genuinely drive the car of your dreams.

• With a new car leaseyou enjoy the full manufacturer’s warranty

• You have a bigger choice of vehicles with new cars, rather than being restricted to just what the leasing company has available in pre-leased vehicles

• You will always be enjoying the benefits of new technology with new cars, such as in-car infotainment, autonomous driving and safety features, as well as fuel efficiency and CO2 emissions development

• Although you will always get the service and mileage history with used car leasing, you never quite know how a used vehicle was driven during the previous lease. With a new car you know you are the very first driver and the car’s ongoing condition, performance and reliability is down to you.

Depending on your circumstances there are great reasons for leasing either a new or used vehicle through Pink Car Leasing, so check out our special offers today and you may just find the car you always wanted to drive and under the terms that suit you perfectly.