The advantages of long-term leasing

30 April 2024

Leasing a car rather than buying one has a number of advantages that can be attractive depending on your needs and circumstances:

Financial flexibility: Full service leasing (FSL) involves fixed monthly payments, which can simplify the management of your budget. Unlike buying, you don’t need to pay a large initial sum, and you know in advance what your monthly car expenses will be. Also, ownership costs avoid maintenance costs, repairs and depreciation of the car’s value, which are important factors when buying a vehicle. This can be particularly advantageous if you prefer to avoid the risks associated with the deterioration of a vehicle’s resale value.

Frequent updating: With an LTL, you get to drive a new vehicle for a few years, allowing you to benefit from the latest technology, safety and automotive innovations. This can be attractive if you like to have regular access to the latest car models.

Less long-term commitment: Unlike buying a car, leasing commits you to a fixed period, usually 24 to 60 months. At the end of the contract, you can choose to renew your lease with a new vehicle, change model or simply return the car without having to worry about resale or negotiation.

Diversity of choice: Operational leasing can offer you a multi-brand approach, allowing you to choose from a range of vehicles of different makes and models to suit your needs and preferences, without making a long-term commitment to a single brand.

Simplified vehicle management: For companies or fleets of vehicles, full service leasing can simplify management by grouping all aspects of the car (maintenance, repairs, insurance, etc.) under a single contract. This reduces the administrative burden and allows you to concentrate on your core business activities.

In short, full service leasing (FSL) is a good option if you’re looking for financial flexibility, simplified management, regular vehicle updates and less long-term commitment than buying a car. However, it’s important to understand the terms of the leasing contract and to compare the total costs with those of buying before making a decision.

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