Car LEASING vs Car BUYING
Here’s a question that we often get asked: “Why do some people lease their cars rather than buy them…?”
The answer is very simple: the cost savings can be huge, especially if you want to change your car every 2 or 3 years. To demonstrate, here’s an example of one of our current or recent offers on a new Vauxhall Astra Diesel Sport Hatch Lease 1.9 CDTi SRi [150] 3dr:
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Buying |
Leasing |
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New price |
£ 19,705.00 |
Initial rental |
£ 599.97 |
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Typical online discount |
£ 3,165.00 |
35 subsequent rentals |
£ 199.99 |
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Discounted price |
£ 16,540.00 |
Total rentals |
£ 7,599.63 |
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|
Road tax (year 2) |
£ 120.00 |
Total VAT payable (@ 15%) |
£ 1,139.93 |
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|
Road tax (year 2) |
£ 120.00 |
NB: current VAT rate = 15% |
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Typical 3-year repayment * |
£ 18,873.36 |
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Sale proceeds ** |
£ 7,675.00 |
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Total cost of motoring |
£ 11,438.36 |
Total cost of motoring |
£ 8,739.56 |
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TOTAL SAVING = £2,698.80. Simply put, leasing this car will save you nearly £3,000…!
As you can see, the potential savings are huge…!
Plus:
- We deliver to your door – nationwide
- We collect from your door at the end – nationwide
- Road tax is included for the duration of the contract
- No MOTs
- All cars are brand new UK supplied & have full manufacturer’s warranty
- …and we’re very friendly
So, if you’re thinking of changing your car sometime soon, please email sales@slipstreamleasing.co.uk and help us save you some money!
Alternatively, please browse our best selling car leasing deals if you need any inspiration……
* “Typical 3-year repayment” based on Lombard Direct rate of 9.1% APR
** “Sale proceeds” based on used trade value at 36 months old with 30,000 miles on the clock – according to CAP Motor Research data (Mar 2009)