I think most of us want to buy their own car rather than taking it on lease. It is obvious. It is also true that the car will lose its value after several years. We can easily find people preserving their old cars for ages even they are not in running condition. In my view, this is exceptional. As a normal civilian, I would like to earn my hard earned into buying a new car. But few of us know that there are several other alternatives to us.
The new way is to rent a car instead of buying it as it will result in financial saving for you. Especially for the companies in the economical downturn this idea can be very useful. If we consider other aspects such as value and maintenance, these cars can do lots of work and comprise of hundreds of parts which can damage and render the car unusable. Because of this many professionals who make extreme use of cars have shifted to contract cars instead of purchased vehicles.
The prime reason that people and companies switch to contact cars is the fact that car lose their value very quickly. Studies indicate that cars generally lose 80% – 90% of their value between the time they are purchased and their final sale. There is an obvious reason behind this that a car can have any one of millions of expensive but obstinate problems that make the car useless. Someone who purchases a new car and want to resell it due to a fault he discovered just after purchasing the car. The same is the case with the cars which have been used very less; the person who is buying the car would think that there is some major issue with the car. It leads to the reason that people contact a car instead of purchasing it.
While contact cars may be more expensive per month than cars purchased on a loan, they offer several advantages to those who focus on extensive use of cars without getting into safety and maintenance.
Oriel Vehicle Leasing is a leading van contract cars company in UK. They specialize in funding solutions for leasing cars, commercial vehicles, plant and machinery. They provide services in van contract hire and lease cars UK.