(1888PressRelease)
April 02, 2007 - Car leasing has been popular for many years in the States and recently has become a phenomenon in the US motoring industry, now accounting for around one in four cars on the road. Like most things that become popular in America, the UK is quick to follow.
Car leasing, also known as ‘contract hire’, has become a phenomenon in the US motoring industry with approximately one in four car owners opting for a car leasing arrangement. The UK car market has been slower to act but finally it seems that the benefits are getting through and the UK is on the brink of an explosion in the demand for leased cars.
The growth potential is huge - latest estimates reveal that only around one percent of cars are covered by leasing deals in England, Wales, Scotland and Northern Ireland.
As scores of new car leasing/contract hire companies emerge and compete to gain early market share and establish their customer base, the UK public is being presented with an incredible opportunity to drive a great car for a really superb price.
Why is car leasing becoming so popular?
With car leasing it is possible to get behind the wheel of a dream car without paying out a fortune. With traditional purchasing, a large lump sum is needed and as soon as the new car is driven off the forecourt the dreaded depreciation begins. Within a few years the vehicle’s value has plunged, which can make selling it on a real pain. As a result, drivers often stick with the same car for many years, despite longing for an exciting new drive to rev up their life.
With a leased car, depreciation is the contract hire company’s problem – and drivers can relax behind the wheel with a stress-free, low maintenance experience. There are many additional benefits to car leasing, which are all contributing to building the early market.
http://www.contracthireandleasing.com ###
