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Lowest Price Guaranteed
FREE 30-Day Returns
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Rated Excellent
£250 Cashback On Every Vehicle
FREE & Fast Delivery
Lowest Price Guaranteed
FREE 30-Day Returns
Trust pilot logo
Rated Excellent
£250 Cashback On Every Vehicle
FREE & Fast Delivery

Things Which Spook People Out Of Leasing

Leasing shouldn’t be a scary prospect. From mileage limits to fair wear and tear, these are the top reasons why some people may be spooked out of leasing. We’ve found 5 reasons why most get scared out of leasing, and we then explain why you shouldn’t be spooked out of getting a brand-new car every few years.

Not Understanding What Leasing Is & The Difference Between Other Finance Agreements

Leasing allows you to drive a new car for a set time (between 2-5 years) by paying fixed monthly payments until your contract agreement ends. At the end, you simply return the car to where you hired it from and you can choose to upgrade to something new. Not so scary, is it?!

Many people choose to lease rather than buying a car (which is a depreciating asset) or even committing to a personal loan. Leasing is a fantastic way of getting in the driver's seat of a new car if you: can afford to pay fixed monthly rentals; will keep the car in tip-top condition (minus fair wear and tear), or; love the thought of getting into a brand-new car every few years. We have a great guide on our website which will answer all of your leasing and car finance questions here.

Mileage Restrictions 

Mileage is always a sticking point for people who may not be convinced on leasing or even financing a car. Annual mileage varies from 6000 miles all the way to 30,000, but it needn't be as scary as people think. We’d recommend that you know your driving habits and average mileage before you consider leasing. Think about your average weekday commute – how many miles does it take you to do the school run, get to work and pop to the shops, for instance? Then perhaps consider how often you and your family do longer journeys, like going on your holidays. It's worth noting that figures from the Government’s National Travel Survey showed that the average mileage in 2020 was 6800 miles per year, so if you’re unsure of your own figure then go with the national average. 

Fair Wear And Tear 

Fair wear and tear shouldn’t be something which fills you with dread when it comes to leasing a car. Its aim is to provide you with information when looking after a leased or financed vehicle, so charges can be avoided at the end of your lease. It also provides an industry-wide accepted standard which defines what sort of wear and tear for the given mileage is acceptable on vehicles when they are returned at the end of a contract. So, if your car has been returned in poor condition, minus the reasonable fair wear and tear you’ll incur penalty charges.

Charges At The End Of Lease

Charges at the end of your lease shouldn’t be something that the average driver should worry about, unless you’ve gone over your mileage or haven’t looked after your car during its time with you. At the end of your contract agreement, in principle, you can simply return the car for free. However, it will be inspected by your finance company and if the car is returned in a poorer condition than the accepted wear and tear, you will be charged. However, don’t worry too much about small marks on your car, as standard wear and tear is expected with any vehicle, and leasing companies won't charge excessively for these types of marks. If you go over your total annual mileage limit, you'll pay for the excess on a per-mile basis. You should always contact your leasing company if you think you're going to exceed your mileage allowance during your contract, so they can help and amend your contract if necessary. It may mean your monthly payments go up, but it’ll avoid nasty surprises at the end of your lease. 

I Won’t Own My Car At The End Of My Lease

This is true, you won’t own the car at the end of the lease. However, this isn’t necessarily a bad thing – think of it like the end of a phone contract. You’ll return the car and get something brand new, (possibly) cheaper depending on the model you choose, and a vehicle with all of the latest technology fitted into it as well. You may be able to request a quote to purchase the current vehicle you have, but it’s not guaranteed and at the discretion of your leasing provider. Some of the benefits of leasing include: 

  • Low, fixed-cost monthly payments

  • Upgrade to a new car every few years

  • Manufacturer warranty and tax included

  • No need to worry about depreciation

  • No need to sell on the car

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