Nationwide Vehicle Contracts gives our top tips on how to get the best lease deal possible.
With car prices rising, leasing is becoming increasingly popular with motorists in Britain. It's an affordable option to get behind the wheel of a new car, with a low initial payment and fixed monthly rentals available.
But as always, you want to ensure you get the best deal possible. To help you out, car leasing experts Nationwide Vehicle Contracts give our top tips on how to get the best bang for your buck relating to your lease car.
Set your budget
Leasing a car has a range of benefits, but the one that stands out the most to potential leasers is the excitement of driving a new car. However, before agreeing to anything, you need to set out a budget suited to you.
Consider your monthly income, and then work out how much you have left over after paying for the essentials. It's this money that can be put towards your lease car. We've put together a guide that talks about the best lease cars for a range of budgets.
Whatever your budget, you'll be able to find a lease car that you like. Check out our leasing deals and use the adjustable filters to fit your budget.
Conduct market research and compare prices
There's nothing worse than buying an item and then seeing it elsewhere for a significantly reduced price. Now imagine that you've then got to drive this item around for four years, constantly reminding you that you could've got a better deal!
To prevent the above, ensure that you shop around before deciding what lease car to go for. Compare different manufacturers and trim levels, and look at each specific deal's benefits.
Although this will be more time-consuming, it'll be worth it in the long term if you find a deal you like. After all, a lease agreement can be up to four years long, so it's a big commitment.
Consider your mileage
Mileage is one of the things that's taken into account when calculating the price of your lease deal. It's pretty simple, the more mileage you plan to do, the more you'll pay.
A lot of people choose the safer option and pay for mileage that's likely to be way higher than what you'll drive.
If you want to cut costs, try and do a rough calculation of the guaranteed miles you'll cover, for example, your commute to work. Leave some room for other journeys, but ensure you're not overdoing it; it'll help save money in the long run.
If you're curious about mileage, you can check out our comprehensive excess mileage charge guide.
Check out special offers
As with most consumer products, we all know there are popular times to buy something. For example, summer clothing is way cheaper if bought at the end of summer, as retailers want to get rid of their stock.
The same applies to car leasing; there are favourable times throughout the year when you'd be more likely to receive a good deal.
Just like other industries, car leasing brokers will offer seasonal discounts during consumer peaks such as Christmas and Black Friday. With a lot of people spending their money elsewhere, your salesperson may be a bit more generous with your price and what's included in your package.
Nationwide Vehicle Contracts has a range of leasing deals available.
Lease a used car
A used car lease is a more affordable option if you don't want to splash out the cash on a new car. You sacrifice ultra-modern technology and no miles on the clock for a vehicle that's been used before but is still in good condition.
The benefits of used car leasing include that each car is no more than four years old and with a maximum of 40,000 miles. Six-month warranty (or the remaining manufacturer's warranty), roadside assistance, and road tax are all included in the lease deal, and all vehicles are inspected to meet car quality standards before delivery.
For more information, check out our used car leasing guide.
Looking to lease a car? Nationwide Vehicle Contracts has a range of leasing deals available to suit your every need.
We also produce motoring blogs on a range of topics, including The Best Vans For Gardeners and tips for Driving Through Flood Water.
