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I only cover a small number of miles, is leasing my best option?

Mar 26, 2019 | News

Never really considered leasing your next vehicle, Car & Van Finance Direct take a closer look at its advantages, particularly if you cover low mileage!

Low mileage leasing

People can often be fast to dismiss leasing as the best option for their new vehicle with concerns over potentially exceeding their pre-agreed mileage limit. However if your mileage is low then leasing may well be the perfect solution to finance your new car or van

Average annual mileage

The average motorist covers 7,900 miles on an annual basis, so before selecting your annual mileage it is important to thoroughly consider your requirements. Car and van leasing offers a variety of mileage options, from high mileage contracts up at 40,000 miles a year, right down to 6,000 miles a year so there’s something for everyone’s needs. Your mileage allowance will affect how much you pay on a monthly basis, with mileage restrictions put in place to guarantee that the pre-determined residual value of the vehicle at the end of the leasing contract is maintained.

Managing my mileage

A low mileage leasing agreement may be the perfect solution if you don’t drive your vehicle regularly, meaning your mileage will be lower than most leasing agreements and hence you would also pay a much lower price. There’s a 6,000 miles a term option which may be ideal for low mileage users.

Considerations

A low mileage leasing agreement would be suited to you if:

    • Want to keep your monthly payments low
    • Don’t plan on using your car and van for longer journeys
    • Don’t have a long commute to work
    • Plan to use the vehicle as a second vehicle

Leasing your new vehicle – Talk to our experts

It is important that you make an informed decision when it comes to choosing your next new vehicle and finance options, if you’d like to discuss leasing at further length or maybe you feel one of our other finance options suits you better? Just drop us a call on 02920 789 234 for a free no obligation chat regarding all of your requirements, alternatively submit your details online and we’ll get back to you asap!