Leasing vs buying

Leasing Vs. Buying A Car: A Comparison

This is a decision that continues to plague thousands of people every year. There are a lot of factors to consider and the best choice is often a case of personal circumstances.
As an independent supplier of Cheap car leasing allow, Vehicle Alliance to point out the most important factors to consider:

Initial Investment (Deposit)
You will need to pay a deposit. This is normally 3 payments (incl vat) upfront but this can be tailored to suit your personal requirements i.e. you could make a down payment of 6 payments in advance to reduce your monthly rental. Either way whether you lease or buy you will be faced with some form of deposit.


Affordability
Leasing does "offer more car for the money" as you are not having to finance the entire capital cost of the car. You are simply financing the upfront cost less the residual value at the end of the lease or in some cases you are only financing the depreciation. End result-a More affordable monthly payment or you will be able to afford "more car for the money"

Mileage per annum
With leasing you agree a capped mileage at the outset. Any mileage over this will result in an excess mileage charge (normally 5pence per mile to 18pence per mile. These excess mileage charges are dependant on the brand, model, finance company and how far you exceed the agreed mileage. If you purchase a car on the other hand, you can drive it as much as you’d like as there are no mileage restrictions.