Leasing case study: It was the most financially attractive route to a new car for Nick

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Author: | Updated: 12 Dec 2023 09:41

Nick got his lovely new Volkswagen Golf delivered recently, and agreed to let us know how he’s getting on with it. Short story? He’s loving it. The full story? That’s below.

Having searched the car market and assessed finance options, he came across a Golf deal on Leasing.com. It matched his criteria perfectly.

Nick with his new Golf 2

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Having heard that leasing would be one of the most cost-effective ways of upgrading, he thought he’d seek out a deal on Leasing.com. “Leasing just makes a lot of sense for me. After years of driving around in older vehicles that proved to be far from reliable.”

Financially, I can already tell it was a smart move.

“After a few of those, I really liked the idea of driving a brand-new car every few years. It’s great not having to worry about unexpected repair bills like I did with previous cars, and I was surprised how little it cost upfront too.”

Nick Golf interior

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Leasing.com allows you to tailor your lease agreement to suit you, and then filter by monthly cost, total cost or best value. Nick commented: “Financially, I can already tell it’s been a smart move. I found leasing offered lower monthly payments compared with other new car finance types.”

The reduced monthly costs, made leasing not only favourable, but also the most economically sound.

“I didn’t realise that the upfront costs were lower too. I went for a one-month upfront deal, so I’ve managed to keep costs down on all fronts.”

Nick Golf Style

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All in all, Nick found that leasing was cheaper than equivalent forms of finance on the same car.The substantially reduced monthly costs, coupled with minimal upfront expenses, made leasing not only favourable, but also the most economically sound. What further enhances the appeal of leasing is the convenience it brings. My car was delivered promptly to my doorstep.”

Looking ahead, I'm planning to stick with leasing for the convenience and flexibility it offers.

Nick said: “For someone who’s never leased before, it’s clear that Leasing.com is a fantastic start point – and end point – if you’re looking for the best possible deals. I found the choice to be unrivalled, and I could easily narrow down my search by using the filters that were most relevant to me”.

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Speaking about his car history, Nick said: “I’ve always gone for hatchbacks, which is probably why I ended up going for a Golf. They’re practical enough for me, but also offer decent cost savings. I like to keep things simple and economical, which is why I went for the 1.4-litre turbo-petrol option”.

And what does the future hold for Nick? One of the best things about leasing is that you get to upgrade every year. Despite his penchant for hatchbacks, he also quite likes the idea of an SUV. He said: "Looking ahead, I'm planning to stick with leasing for the convenience and flexibility it offers. But I've also got my eye on trying something new – an SUV. With the changing needs in my life, an SUV's versatility seems like a practical option. So, I'm keeping my options open, but leasing is definitely staying in the picture."

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