If there is one thing any parent can do without, it’s the added pressure of finding, funding, and maintaining a new family car whilst juggling the myriad other responsibilities of parenthood.
But the car has become an indispensible part of family lifestyles, and for parents with a young family to take care of it can make a major difference to the day-to-day routine. Having the freedom to do the weekly shop, pick the kids up from the school, and take weekend trips away without a second thought spent on the practicalities of getting around is a luxury few of us would like to live without.
But not all luxuries are easy to afford, and getting hold of a new family car, whether it’s used or new and paid for outright or on finance, can be difficult both practically and financially.
Used cars are often more affordable, but it’s hard to get a clear picture of their history and the chances of something going wrong are significantly increased. What’s more, there’s usually no warranty left in place so anything that does go wrong is left to you to sort out.
New cars, although they’re far less likely to throw up any problems themselves, are notoriously expensive to get hold of and lose their value quickly. Most people will find that buying a new family car requires a personal loan from a bank, building society, or even a family member.
Cars bought on finance deals eliminate the risks associated with picking up a used car, but they do bring along a whole range of their own problems. The financial implications of purchasing via a finance deal can be great and far-reaching. Most deals will require you to pay around 10% of the car’s value as a deposit as well as ongoing monthly sums, and at the end of the deal you’ll be left with a car worth much less than you’ve paid for it.
Leasing is a middle-of-the-road option that gives parents the best of both worlds; you can drive a brand new car with full manufacturer’s warranty, whilst paying an affordable amount of money each month and only having to pay a few months’ rent upfront as a deposit. At the end of the leasing contract, you simply hand back the keys. At this point, you’ll be a leasing convert and ready to choose the next brand new car for you and your family.
What else is great about leasing?
It’s reliable: Leased cars are brand new, unused, and with warranties still in place. Nothing is likely to go wrong, but if anything does then it’s not your responsibility to get it fixed. That means no surprise costs and no hassle.
It’s practical: Unlike buying and hire purchase finance deals, leasing is incredibly straightforward. You pay a small deposit, pick up the keys, and pay your monthly installments. At the end of the contract, you hand back the keys and take back the deposit before choosing whether another lease is for you. Additionally, day-to-day practicalities are even easier with all of the smart new functions available in brand new vehicles. Think litres of storage space and fold-away seats perfect for daytrips to the beach.
It’s safe: Every new generation of cars on the road is safer than the last, and with your little ones in tow there’s nothing more important than making sure they’re as well looked-after as possible. When choosing a family car to lease, you’ll get to pick from the latest models with the most advanced safety features on the road.
It’s affordable: We’ve said it once, but we’ll say it again. For parents with a limited amount of disposable income, leasing can be surprisingly easy to manage. A short-term agreement with no long-term financial implications means you’re able to drive the best of what’s available without making a loss when you decide to move on to a new family car. There’s no major upfront cost, no loans or credit agreements, and nothing to lose at the end.
If, after reading this you feel a car lease deal maybe a feasible option, then check out Vantage Car Leasing. They offer an array of car leasing options that you may find are suitable for most family budgets.
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