Motorists can secure a car from just £100 a month today by doing this popular thing

Car leasing is an effective and affordable way to axe expensive new or used car costs with a model that suits your needs for a varying period. The total number of lease car contracts hit 316,205 by the end of 2018 in a ten percent boost from the previous year against car market trends. 

Typical leases range from 24 and 36 months and usually offer motorists road tax and warranty included in the price. 

With prices starting from around £100 per month for a family hatchback or estate model, leasing can become a cheaper alternative than expensive upfront costs. 

They also suit city inhabitants who may want a car for a short period without committing for the long term. 

Andrea Davies, spokeswoman for the British Vehicle Rental and Leasing Association (BVRLA) said: “The shift from vehicle ownership to usership continues to pick up pace as an increasing number of businesses and individuals opt to lease or rent vehicles rather than buy outright. 

“Leasing a vehicle not only enables customers to keep more cash in the bank, it also removes risks associated with fluctuating residual values when the vehicle is sold.” 

Leasing a vehicle can also protect prospective buyers from the dangers associated with purchasing a used car from dealers. 

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Used vehicles purchased from a dealer may have various reliability issues and unless thorough research is conducted, motorists risk being caught out. 

Leased vehicles from a proper dealer come with safety checks and a warranty which enables motorists to easily ask for repairs to a vehicle or a replacement. 

Speaking to Express.co.uk, Eben Lovett, CEO of car lease comparison site Moneyshake said: “Leasing is also being seen as a safer option than buying a second-hand one from an ‘Arthur Daley’ type character on a dodgy forecourt. 

“You should only lease a vehicle from a broker that its authorised and regulated by the Financial Conduct Authority (FCA) so that you’ve got full protection.” 

Having a car for a limited period takes the sting out of selling a car yourself which could incur added costs in advertisement fees and hassle in finding a buyer. 

Owning a car also comes with reliability risks and any damage incurred will dramatically decrease potential sell-on prices, something eliminated with leasing. 

Tips to save even more money on leasing 

Lovett explained to Express.co.uk how motorists could potentially save even more money through car leasing strategies. 

He urged motorists to call up brokers and ask about any cancelled orders they may have. These vehicles will usually have the best deals as cars gave been prepared and ready for collection only for a prospective buyer to pull out. 

The car will be ready for a new owner and dealers may axe prices to make room for newer models that may be arriving. 

The expert also stresses motorists should always wait for a direct quote from a broker before agreeing to a deal as prices can quickly change. 

Checking for deals before March and September are also vital as dealers may axe old models before the new registration plates arrive. 

Older models may be discounted or quickly sent out on lease, offering massive savings for quick-thinking buyers. 

source: express.co.uk