The benefits of car leasing

With car leasing you get all the benefits of owning a car but without a lot of the downfalls, fisrtly you don't have any huge upfront costs to pay with car contract hire, you may have to pay a small deposit but nothing compared to what a new car would cost you, usually all maintenance costs will be covered in the lease plan as well as any warranty so if anything goes wrong it wont cost you a penny. Road tax! its keeps getting more and more expensive but that's also included in the cost of your lease agreement. Also you can drive away a car that you would have never normally been able to afford, there are some great deals out there for expensive cars so look out for things like Audi contract hire where you could drive away a flash car for just a small monthly fee. You get a brand new car every 2 to 3 years which means you always have the latest model. Also a car is not like a house, it loses its value over time so if you buy  anew car in 5 years time it will be worth a fraction of the cost meaning that you lose all the value you payed for. There are a few jargon terms that you may here if your looking at leasing a car so here's a couple to keep your ear open for.
this is the reduction in the car’s value caused by age, mileage and condition. The depreciation of a vehicle is greatest during its first year. The make and model of the car also has a large bearing on the depreciation value.
Residual Value – this term refers to the predicted value of your car when it reaches the end of the lease agreement. This amount is very important as the monthly repayments will be based on the difference between the selling price and the residual value.