FRIDAY, 12TH OF MARCH 2010

Why lease - benefits of leasing with Newbury

New to leasing? Not sure what all the fuss is about? Well let us give you 8 great reasons why you should lease your next car or van from Newbury Leasing:

1- You get a brand new car every 1-4 years, you’ll be the envy of your friends, neighbours and work mates and might even get addicted to that brand new car smell

2- You’ll get Free Nationwide delivery right to your door, no catches.

3- Your road tax is included for the full duration of the lease

4- You’ll have one low, fixed monthly payment with no worries about the car losing value.

5- You won’t have to worry about any big repair bills, as all new cars don’t need an MOT for the first 3 years, and your vehicle will have full manufacturer’s warranty.

6- It’s cheaper than buying a car and losing money on depreciation. See our example below.

7- When you come to the end of your lease, return the car, and pick your next one. Easy!

8- We think we’re the best in the business, try us, you’ll be happily surprised!

Leasing VS Buying

Here’s a question that I often get asked: "Why do some people lease their cars rather than buy them...?"

The answer is very simple: the cost savings can be huge, especially if you want to change your car every 2 or 3 years. To demonstrate, here's an example of one of our previous offers on a new Vauxhall Astra Diesel Sport Hatch 1.9 CDTi SRi [150] 3dr:

BuyingLeasing
New price£19,705.00Initial rental£554.97
Typical online discount£3,165.0035 subsequent rentals£184.99
Discounted price£16,540.00Total rentals£7,029.62
Road tax (year 2)£120.00Total VAT payable (@ 17.5%)£1,230.18
Road tax (year 2)£120.00NB: current VAT rate = 15%
Typical 3-year repayment *£18,873.36
Sale proceeds **£7,675.00
Total cost of motoring£11,438.36Total cost of motoring£8,259.80
Saving£3,178.56

* “Typical 3-year repayment” based on Lombard Direct rate of 9.1% APR

** “Sale proceeds” based on used trade value at 36 months old with 30,000 miles on the clock - according to CAP Motor Research data (Mar 2009)

Simply put, leasing this car will save you over £3,000!