For most people who want a new car, they tend to go down the PCP route. PCP stands for personal contract purchase, however, there is another option that is gaining more popularity of late, and that is leasing a car.
Leasing is like rental, as you would for a house. So, the car is never your own, you pay a monthly amount to have it and use it. You usually pay a deposit for the car, and then pay monthly a set amount, this will be done for an amount of time that is stated in the contract. It can be anything from two to four years typically.
Once you have reached the end of the time period that you are leasing it for, then you need to return the car, you are not obliged to keep it and you can look into another car. If you are someone who likes to change cars regularly and isn’t happy to settle for a car long term, this is one reason why this could be the perfect solution for you.
There are lots of places that specialise in car leasing, like this car leasing Gloucestershire based company https://www.mphvehiclesolutions.co.uk/car-leasing so have a look in your area for various companies and the types of car that they offer if this is something that you are interested in doing. If you have a certain make or model in mind, it is worth shopping around to see what is available.
Another reason why lease cars are so popular, is the fact that they are a great thing for a business to have. Company cars are something that many businesses offer to their staff and having them on a lease basis rather than buying them outright means that the company has more flexibility and can change cars regularly, as well as not having to have the huge outlay of buying cars.
Another reason why you might want to rent a car rather than buy one is financial. Buying a car outright is expensive, but it is much more manageable to have a lease car that you then pay for a little each month. If you are on a budget this is a good way to get a quality vehicle without having to pay out a huge chunk of money.