Why are we leasing more cars?
Personal Car leasing has played a major role in more women driving nicer, bigger and sportier cars changing the ownership stats of cars on the road today.
It’s always been a sensitive subject to distinguish between male and female drivers. Controversial as it might sound, a lot of statistics and research available online support women as “safer” drivers but that can all be argued by both sides. But if you consider the fact that over the last decade insurance quotes have seen a downwards trend for female drivers so they must be doing something right to reduce the risk assessment criteria.
Financing a car on lease is seen as an easier option in acquiring a brand new car that allows you to spread the cost of a vehicle’s depreciation value over a fixed period usually 2-4 years and the benefits are not only affordability.
Benefits of car leasing
. Drive a brand new car of your choice
. No large outlay but you may have a relatively small deposit to pay
. Minimal maintenance expectancy as the car is new and under warranty
. Less monthly repayments compared to a purchase loan.
. Option to change your car or upgrade at the end of the term
Leasing takes away the hassle of selling the car because you can simply return it back to the finance company with an option to upgrade to a newly released model or even a totally different car of your choice. Another key benefit that women appreciate is that there is less chances of a car going wrong in the first 2-4 years and if it does it’s taken care of through the manufacturers guarantee. In most cases you can take it straight back to the dealer and be provided with a courtesy car while they fix the problem with your car. Now that’s a perfect situation for any women.
Most women make good candidates when applying for finance on personal lease cars may be because they are careful drivers with a generally good past history and can be sensible with finances in some respects which are all good traits to keeping a good credit profile.
Women are not limited to the type of cars they can lease and they have as much a choice as men and with the incline on the average women driver becoming better and more confident who knows what the future holds for the boys on the roads?
Posted by: Jacob Hartley
