If you’re in the market for a new car, there’s always a big decision to make: should you lease or buy? Both options have their perks, and the right choice really depends on your budget, lifestyle, and how you plan to use your car. Let’s break down the pros and cons of leasing and buying to help you figure out what’s best for you.

Why Leasing Might Be the Way to Go

Leasing is basically a long-term rental. You get to drive a new car for a set period (usually 2-4 years) and pay a fixed monthly fee. The best part? You’re only paying for the depreciation of the car during the lease, which means your monthly payments are usually lower compared to buying outright.

Leasing is also great for those who love driving the latest models. You get a new car every few years without having to worry about selling or trading it in. At the end of the lease, you simply return the car and start a new lease with a shiny, up-to-date vehicle. Plus, since leased cars are usually under warranty, you won’t have to stress about expensive repairs.

For businesses, leasing can be a game-changer too. 360 Vehicle Leasing, a Bury-based company, offers flexible business contract hire options that help to keep costs down. You can claim back up to 50% of the VAT if your business is VAT-registered, which makes leasing a cost-effective way to manage a fleet.

Why Buying Might Be More Your Style

Now, if you’re someone who likes the idea of owning a car outright, buying might be your best bet. When you buy, the car is yours to keep once the finance is paid off, and you don’t have to worry about mileage limits like you do with a lease. This is perfect if you’re someone who racks up a lot of miles.

Buying also gives you complete freedom over your vehicle. Want to customise it with new rims or a better sound system? Go for it! When you own the car, you can make any changes you want. However, it’s worth keeping in mind that cars depreciate fast—most lose over half their value in the first three years.

But don’t worry, 360 Vehicle Leasing can help here too. They offer competitive outright purchases and flexible finance options like Business Contract Purchase (BCP) and Personal Contract Purchase (PCP). With BCP, you can return the car, sell it, or keep it at the end of the contract—giving you plenty of options depending on your needs.

Why 360 Vehicle Leasing is Your Best Bet

Whether you’re looking to lease or buy, 360 Vehicle Leasing makes the process easy. They offer a one-stop-shop for all your vehicle needs. They can source the perfect car or van for you without the hassle of shopping around at different dealerships.

Furthermore, for businesses, their flexible leasing options make it easy to manage costs, expand your fleet, or just keep things running smoothly. And if you’re looking for a car for personal use, their PCH and PCP options offer plenty of flexibility, so you can find a deal that fits your budget and lifestyle.

So, whether you’re dreaming of driving the latest model or looking for something more long-term, 360 Vehicle Leasing can help make it happen at a price that works for you. Get in touch today and check out their latest deals!