Car Leasing Boom Coming to UK Market
UK car leasing website, my-CarLeasing.com, releases details that UK car buyers are catching on to the benefits of car leasing over car buying that could see cars on car leasing deals rise from 1% to the US's 25% in the next few years.
Manchester, UK (PRWEB) April 11, 2007 -- The UK Car Leasing market is set to follow the explosion in car leasing in the US market in recent years as the benefits of car leasing vs. car buying become more well-known.
Also known as "Contract Hire", car leasing now accounts for nearly 25% of all cars on the road in the USA as opposed to car ownership. Considering that currently less than 1% of all cars in the UK are covered by car leasing deals, the potential for growth is enormous in the UK.
Car Leasing specialists my-CarLeasing.com have reported a recent surge in interest in leasing deals, especially for higher-end prestige cars like Porsche, Range Rover, Jaguar and Aston Martin.
Founder of my-CarLeasing.com, Mark Attwood says "I started this car leasing website after I found myself being more and more confused by the deals on cars in the market. I was really attracted to the flexibility of car leasing vs car buying and the fact that the monthly payments were far lower on a contract hire than on my usual route of car finance.
"I had to find the answers to so many questions that, as a professional online marketer, I decided to set up a site that could help people find the best deal quickly by getting car leasing companies to compete for their business. I also decided to launch a car leasing blog to help answer questions about car leasing, PCP and PCH ("Personal Contract Purchase" and "Personal Contract Hire"), Hire Purchase, Lease Purchase, Finance Leases and so on. As more people visit us, the blog is becoming a really useful resource for anyone lost in the car leasing maze especially when looking for deals on new cars like the Nissan Quashqai"
Car leasing avoids the traditional pitfalls associated with car ownership: as soon as the car is driven off the forecourt it starts depreciating in value (like a stone in the case of certain luxury cars). This disincentivises people to sell their cars and they often end up keeping them for many years despite yearning for a new motor.
Depreciation is the leasing company's problem when a car is leased and usually these deals come with maintenance which gives an unusually pain-free car ownership situation. As word spreads about how much cheaper this is than normal car ownership, it is easy to see why demand in the UK is set to rise.
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