We’re seeing a huge rise in people who are choosing to lease their vehicle’s, rather than buy them on the Isle of Man.
Vehicle leasing is effectively a long-term rental agreement at a fixed monthly price. It offers an alternative and often cheaper solution to buying a new car or van with a bank loan or finance agreement.
The total cost of your lease is calculated based on several factors: the value of the car, the cars estimated value at the end of the lease (the residual value), your annual mileage allowance and the length of your lease. At the end of the contract, the customer simply hands the car back without any further obligations and may even choose to purchase the vehicle depending on the type of contract taken.
We’ve now been in business for just under a year, as the islands first vehicle leasing company, and it’s fantastic to see our customer base grow. So, why are more and more people leasing their vehicles?
Leasing gives you extra peace-of-mind
Hear us out on this one, you’ll be pleasantly surprised.
Worried about your car no longer holding its manufacturer’s warranty? Then worry no more my friend. A leased vehicle holds its warranty for the entire duration of your leasing contract!
For example, imagine that you have a budget of £10,000 for a vehicle loan. So, what can you get for a budget of £10,000 if you’re buying a car? Perhaps a 2012, 2013 or 2014 car that only comes with a 3-month used car warranty?
Alternatively, you could lease a vehicle through Rex Leasing at £250 a month and drive a brand-new Ford Kuga, a brand-new Nissan Qashai, a even a BMW 1 Series, all of which come with the full manufacturer’s warranty.
You won’t need to sell your used car
Avoid those Buy & Sell sites, forget accepting a low offer from a used car garage, and worry no more about the anxiety meeting potential buyers who ask you all the complicated vehicle questions you can’t answer.
Leasing a vehicle with Rex Leasing means that you’ll no longer have to worry about any of the above! When it’s time to renew your car lease for a brand-new vehicle, we will simply take the old car back and handle everything else for you.
This also means you won’t make a loss in money on your used vehicle, which is often likely to happen when selling it to a car garage.
So, out with the old and in with the new!
Servicing and maintenance can be included in your monthly loan
A monthly servicing and maintenance plan is optional with every car lease through Rex Leasing.
You can pay as little as just £20 a month* to include a service and maintenance plan, meaning no more surprise bills for your annual service.
*Monthly maintenance cost will vary depending on the vehicle you lease.
Leasing makes it more affordable to own a new car
In most cases, leasing rather than buying a vehicle makes it more affordable to own a new car.
Have you found a new car that you love?
Why not give us a call today and see if we can offer you a lower monthly cost for the same vehicle?
With vehicle leasing now available on the Isle of Man, driving a new car is more affordable and flexible than ever before and could even save you money in the long-term.
This prospect is enhanced by added manufacturer discounts, fixed-price servicing plans and other attractive benefits available with many models on a lease.
Contact Rex Leasing today to find out more, and you could soon be driving away in a safe, reliable, high-tech, cost-effective brand-new car with the best available deal.