59% of people financed their new vehicle with a bank loan and only 27% leased a vehicle. Thos statistics have changed quite rapidly now. 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 commerical 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 sounds odd and too good to be true however 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. Monthly payments into the industry is what the economy needs right now to help it calm down.
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. Compared to last year, there has been a steady increase in sales and it has been great for the economy on the whole.
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. So, is this too good to be true? Is it really more viable to take a care out on a lease rather than buy it straight up? Well, let’s think about the obvious advantages. 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. New car purchases only normally last a year or two at the most and there is far more benefit getting a lease. 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.
You have to weigh up the option into a lease rather than a straight purchase as there are plenty of advantages. I would recommend considering it over buying a new car as you never know how much money you could save yourself!
