What Are The Advantages And Disadvantages Of Leasing vs Buying A Vehicle?

This is an important decision, it will depend on your specific requirements. Leasing is a quick, easy way to get the vehicle you want to drive but without thinking about ownership or having the hassle of needing to sell it when you are ready for a new vehicle. It starts with setting a mileage and term, think about what is best for you and how this may change over time. 

The Distance is the total mileage you will do over the period of the agreement in years. Leases will typically cater for up to 5 years and for mileages up to 150,000 in total. The important difference in a lease is that you do not own the car, the finance company does. In this case you simply hand the car back at the end and walk away free to do what you please or lease another new vehicle.

You will not own the car during the period of the agreement and do not have the opportunity to purchase at the end either. If you would like to retain usage of the vehicle for longer in a lease this would be subject to agreement with the finance company. If you had bought the vehicle this this your choice and you can retain and run the vehicle for as long as you wish.