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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!
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:
| Buying | Leasing | ||
| New price | £19,705.00 | Initial rental | £554.97 |
| Typical online discount | £3,165.00 | 35 subsequent rentals | £184.99 |
| Discounted price | £16,540.00 | Total rentals | £7,029.62 |
| Road tax (year 2) | £120.00 | Total VAT payable (@ 17.5%) | £1,230.18 |
| Road tax (year 2) | £120.00 | NB: current VAT rate = 15% | |
| Typical 3-year repayment * | £18,873.36 | ||
| Sale proceeds ** | £7,675.00 | ||
| Total cost of motoring | £11,438.36 | Total 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)
