Car leasing has become increasingly popular here in the UK over the past few years, for both business and personal use. More and more people are leasing their cars than ever before and many are seeing it as a viable option for getting their next car.
That said, despite its rising popularity, there is still a common misconception that car leasing is a bad idea. But is this the case?
You may have noticed already that we are a car leasing company. So you may be wondering why on earth we would discuss whether car leasing is a bad idea when we lease cars ourselves. That would be like McDonald’s telling you that fast food is unhealthy.
However, we at OSV pride ourselves on our transparency, and want our potential customers to know everything there is to know about car leasing before they actually lease a car. And that includes the downsides.
We know that car leasing isn’t for everyone, and it would be irresponsible of us to try and convince you otherwise. So in this article, we are going to look at times when car leasing wouldn’t be the best idea for you, and also quell some of the common misconceptions about car leasing while we’re at it.
OSV Limited is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows OSV Limited to act as a credit broker, not as a lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance distribution activities only.
OSV Ltd a Registered Company in England and Wales No: 04533176 and whose registered office is D1 Yeoman Gate, Yeoman Way, Worthing, West Sussex BN13 3QZ.
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