It was only a few weeks ago at work when I was in deep discussion with a colleague, Peter, about what it is to drive a new car in today’s world. We sat in the canteen eating our ham and egg crusty rolls, washing them down with cartons of club soda, whilst discussing the motors we drive and the potential vehicles available to us. It wasn’t long before other colleagues came and got involved with the debate. Peter leases a Hyundai i40.

I think considering the level of knowledge I have taken in from my chat, it is only right to try and pass this on and hopefully help to educate more people about the potential advantages of leasing.

Firstly, the fact that you do not pay in full for the car up front is a real plus point in my book. If you wanted to drive a brand new Hyundai car and purchase the vehicle outright from a dealership, you’d be looking at tens of thousands of pounds. On the other hand with a personal contract hire Hyundai i40 you would pay a much smaller initial deposit, followed by affordable monthly repayments – all for the same vehicle.

Secondly you would not have to worry about depreciation with a business car lease Hyundai i40 agreement. This is quite an important caveat that a lot of people will never really think about when they initially buy a car, but residuals are a big deal. This is not a factor when leasing as you simply return the car at the end of your term and as long as it has not suffered any significant damage you will not be hit with any charges.

Additionally, when Declan came over to the table to have his input he told us that he actually got his car through his company. He was adamant that looking for business lease deals could save the proprieter a fair whack of wonga.

If you are in the process of looking for a new car then it would, in my opinion, be silly not to consider leasing as a viable alternative – it may be the best thing you ever do. There are many different options available so it is likely that something affordable can be found, and there is peace of mind to be had when comparing to buying a car new in full.