The Benefits of Leasing a Car for Personal Use

Leasing a car offers numerous advantages over buying. In this guide, we’ll explore the top 10 benefits of leasing a car and why it’s a smart choice for modern drivers that need a new car for personal use. If you want to find out more about what personal leasing is or the things you need to keep in mind when leasing then we also have other car leasing guides for you on these and much more. 

Top 10 Personal Leasing Benefits

Let’s dive into the top benefits of leasing a car and see why more drivers are choosing this option.

1. Brand-New Car

You’ll get a brand-new car and all the benefits that come with that including:

  • The latest in-car and vehicle technology
  • No existing wear to the vehicle
  • The manufacturer’s warranty (depending on the length of your lease this could cover the entire agreement)

You’ll find a lease available for almost every manufacturer and model so you’ll be able to pick your perfect car as well! 

2. Lower Costs

The cost of leasing is much cheaper than buying a car outright or even than the monthly payments you’d make on a personal contract purchase agreement.

The total cost of the lease will remain the same but you might choose to pay a larger sum upfront to get even lower monthly rentals or you can pay a lower initial rental to avoid having to make a larger payment if this is better for you.

Additionally, you will not own the vehicle so a lot of the costs associated with owning a vehicle such as the road tax and maintenance work (if you’ve taken a maintenance agreement) will not be your responsibility.

All of this means you can make your budget stretch much further. 

3. Drive Better Models

A lot of the time our customers find that they can afford a higher spec model because the cost of leasing a car is less than purchasing one. This means that you’ll be able to drive a better model without exceeding your monthly budget.


4. Customisable Terms

When you take out a lease agreement you will be able to choose the length of the contract as well as how many miles you have annually.

The terms of the agreement will contribute to the cost of the lease but it will be up to you to decide which are the right terms for you before signing the agreement. Once you’ve signed the agreement you may be able to amend it afterwards but it will affect your monthly payments so it’s best to pick the optimal terms at the start of your agreement.

5. Fixed Monthly Cost

When you take out a lease agreement you will agree to a fixed monthly rental price, this will be the monthly cost that you pay for the duration of your contract. This fixed monthly cost can help you manage your budget and get your finances all in order. 

The only time this may increase will be if you go over the contract length and into an informal extension where any initial rental you pay will no longer be taken into account.

6. Low Maintenance Costs

You can take a maintenance agreement alongside your lease agreement which will be a smaller additional monthly payment in return for all the essential maintenance work, servicing and MOTs on leases of three years and longer.

The maintenance agreements will not cover work required due to driver negligence or misuse and some other circumstances so we always recommend checking what is and isn’t included before you take the maintenance package but we know that for a lot of our customers taking maintenance is the right choice.


7. No Depreciating Asset

As soon as a vehicle is purchased it begins to depreciate in value and will continue to do so for the entire time you have it, and so when it comes time to upgrade your lease model you don’t need to worry about getting the best offer and making up the difference to get your new vehicle.

8. Road Tax Covered  

For the duration of the lease agreement road tax will be paid by the funder. They will cover the amount that the vehicle is first taxed at for the entire agreement but may charge you any increase in the road tax if it changes during your contract length.

9. Easy Handover at the End

At the end of the lease, you’ll simply need to call your funder and they’ll arrange for the vehicle to have its collection inspection and be collected for you.

If you have a new vehicle coming then you can arrange for your existing lease to be collected on the same day to make the transition even easier.

10. Simple and Straightforward Process

If you decide to take out a PCH lease with Xcite Car Leasing then we have created a streamlined process that makes leasing easier than ever before.

Leasing is a simple process and can be easy to arrange taking much of the stress and hassle out of getting a new car for you which can be one of the biggest benefits of car leasing compared to the hassle that selling and purchasing can be.

These benefits of leasing a car as part of a PCH deal highlight why it’s becoming a popular choice among drivers. 

Things to Consider Outside the Benefits of Personal Leasing

We’ve listed plenty of car leasing advantages, but how do you know it’s 100% the right option for you? There are some things you should definitely consider before taking out a PCH agreement, including:

  • Mileage allowances are agreed as part of the deal, so you’ll need to know roughly how many miles you intend to travel per year. Going over this number will lead to excess mileage fee charges
  • Ending the contract early would require an early termination fee
  • Is owning the car important to you? If so, a PCH deal might not be the right option as you’ll not be the car’s official owner
  • Can you afford the monthly payments as well as the initial rental amount?
  • Decide how long you’ll need the car for so that you’re not paying for it for longer than you need to

Have you decided that the benefits of car leasing are right for you and you’re ready to find your dream lease car? Then take a look at our top offers or head over to our personal leasing page for more info.

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