Ever considered leasing a car? You will now!
Have you ever had that sinking feeling when you know your car is on its way out, but you’re not sure how the hell to afford another one?
The Muddy car is on its way to the motor cemetery – a 15 year old Saab estate, high on safety features but soooooo low on style that it’s become strangely iconic around the village, a temperamental gunmetal grey boneshaker with a 2am unstoppable horn, rusty doors (because *cough* two-tone is trendy) and front wheels that need pumping up every day. Unfortunately, I kid you not.
I’d like a new car, but frick me, they’re expensive aren’t they? Some drop their price after being taken out of the forecourt (bad), others retain their value as second hands (bad too if you’re trying to buy).
The third way is to lease. My best friend Lucy, who has gone through cars like water – everything from a Fiat, Mini and Audi through to a Porsche or two – has done this on and off for years. I’ve been kind of fascinated by it, whilst never totally buying into the idea of ‘renting’, because to me it kind of felt like money lost – but finally, I’m aware that I’ve been a bit stupid (no need to affirm anything at this point, thank you!).
Because the maths on leasing a car is actually very compelling. I’ve come across CarContractHire.com, the first entirely online leasing company in the UK (but still handily local if that’s important to you – their base is handily Brightwell Baldwin!) that focus on individual rather than company leasing with the online emphasis keeping prices low.
So you can lease a car for 2-3 years starting from 100 quid (ish) a month, search by budget, car-make or colour and hand it back for an updated model every 3 years. For me the most attractive bit is the fact that you don’t have to hand over wads of cash in one go – it’s an affordable way to get driving quickly. You don’t end up with a car to sell at the end of it, but seriously, that Saab of mine is worth a big fat zero. I’d have saved thousands of pounds doing it this way.
If you’re in the market for a new piece of metal, it’s worth doing your sums and checking out the leasing option. Hey, no need to thank me, just pick me up in your sportscar sometime.