To lease or to buy your future car
What’s the wisest decision?
Do you want to drive the latest vehicles on the market? Not sure whether to lease or to buy? It all depends on your priorities. Before choosing which way to go, it’s important to understand the differences. After reading into this, leasing may be the best choice for your company or for private leasing.
Reasons to lease a car
To lease or to buy? We've put the benefits of both options in an overview for you. Discover what works best for your business.
Need more information? Contact us or browse our frequently asked questions.
The benefits of leasing with LeasePlan
Leasing means less hassle and more predictability.
- No high purchase price
- Fixed all inclusive monthly fee
- No risks: maintenance and repair are included
- Complete online overview with My LeasePlan
Buying a new car
Buying a car means there are some financial risks to keep in mind.
- The car is yours
- High car depreciation 1st year
- High purchase price
- Unpredictable monthly costs
Lease or buy
Predictable monthly cost With leasing, you don't own the car. You're just paying to use it for a fixed period. Your predictable monthly costs include taxes, insurance, repairs, maintenance and tyres. The only additional out-of-pocket cost? Petrol.
Flexibility Leasing requires you to commit – with contracts ranging from 24 months to 5 years. But every time you renew, you can pick out the latest model. And because you don’t buy the car upfront, you can free up capital for other business needs.
Convenience Leasing frees up time to focus on your core business. Once you sign the contract, all you need to worry about is paying a monthly fee. We’ll take care of the admin, maintenance and more. Plus share insights on how to make the most of your lease cars.
Predictable monthly cost When you buy, you pay the initial cost of the vehicle. You’ll also need to budget for regular costs like insurance, taxes and annual maintenance. Plus cover irregular expenses like repairs, tyres, petrol and more. The good news? When you sell the car, the money is yours to keep.
Flexibility Buying a company car or van means you can choose whatever you like! Make, model, colour or custom fittings – your budget is the only limit. You can also buy or sell whenever you like.
Convenience When you own your cars, you can use them however you like. But you also need to make time for additional tasks. Like administration, reporting and making appointments for maintenance and repairs.