Back in 2001 just 27% of buyers leased their new vehicle and roughly 59% financed the purchase of their new vehicle with a bank loan. Ever since these statistics were released the amount of people investing in van leasing has rapidly increased and we are now in the realm of an all time high in van leasing. Several market researchers have said that leasing a vehicle is simply so much cheaper than it would be to get a bank loan or even get vehicle finance out from the dealer himself.
It does sound a little too good to be true yet when DesRosiers says that 46.8% cent of all new-vehicle transactions were on a lease. There has been a massive influx in people wanting to lease vans and vehicles rather than buy them as it has worked out to be a lot cheaper and more economical. Steady payments into the industry are what the economy needs right now to help it stabilise.
Many people across the UK and many parts of the world have been affected by the infamous credit crunch so that will subsequently mean that people would want to spend less money throughout the month. Monthly payments being as low as possible is the priority really and commercial vehicle leasing companies have reported a good increase in monthly sales compared to last year.
This will then give companies who offer cheap volkswagen van leasing or LDV van leasing for example, the edge and could expect to make some real money in this current trend. Can this be too good to be true? Buying a van or car has got to have some perks rather than a lease but what are they? So what are the obvious advantages in getting a motor out this way. There is a constant warranty on a lease vehcile so you are always benefiting from a van leasing contract rather than a straight up purchase. So, if anything breaks or does not function properly, it will automatically be replaced within no time at all. Of course a new car will have a warranty but they only normally last about one year to two years at the most. If you think about it, it is far more suitable to get a van lease as you are much more covered from a point of view of insurance.
There are plenty of advantages into getting a lease rather than a straight purchase and they are worth exploring. I would recommend considering it over buying a new car as you never know how much money you could save yourself!
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