It was only a few weeks ago at work when I was in deep discussion with a colleague, Alfie, about what it is to drive a new car in today’s world. We sat in the canteen eating our meat feast calzones, washing them down with cartons of vanilla milkshake, 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. Alfie drives a business car lease Ford Focus.

To be honest I have been quite humbled by the whole chat; I just was not aware of the potential advantages that a contract hire agreement could provide someone with.

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 Focus and purchase the vehicle outright from a dealership, you’d be looking at tens of thousands of pounds. On the other hand with a lease Ford Focus 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 Ford Focus personal contract hireagreement. There is no doubting the fact that you would feel a million dollars walking out of the dealership with owner papers, however you would be hit with ensuing residual value worry. 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 Oliver came over to the table to have his input he told us that he actually got his car through his company. There is no reason why people should not look at doing this as a way to save some cash.

Hopefully after reading this you will not feel so nonplussed on the issue of leasing, it makes perfect sense to at least give it a thought before making your move. 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.