The widespread uptake of car leasing in the UK is phenomenal, if you ask most people about it, they will say ‘its’ the way forward’ or ‘it’s the only way to do things’. Unlike most overnight revelations these statements do hold some gravity. Buying a car is extortionate in itself in today’s climate but when you consider the massive depreciation that occurs as soon as you drive out the showroom, you find yourself asking questions as to whether a new car is a wise investment.

This is precisely the reason that leasing cars has become so popular, it is a zero risk option that doesn’t particularly result in any massive loss should you wish to get rid of or sell your car. If you want to keep it then you do not pay anymore than if you were going to buy outright buy you always have the option not to keep it.

The beauty is that you are given a garunteed future value, which is conservative to say the least, but anything over this that your car is worth you will be able claim as money off a new leaisng deal should you choose to take one out. Garage, this means you can effectively keep on van leasing or leasing cars like the Toyota Yaris, meaning you can effectively have a brand new car every few years.

This is a great way of financing a car and leasing deals typically come with a very low rate of interest, much lower than the interest rates that banks charge for loans. This is so you are attracted to the particular dealers offer rather than spending cash on a competitor. Time will tell if leasing becomes a long term option