Financial Advice Blog
Posted by July 10th, 2018on
Car sales in recent years have been buoyant again, is purchasing one, really your best option? For sure, purchasing a new car contributes to the UK wider economy, but when you consider your personal finances, it may not be the best option for you as a contractor. With public transport cost spiralling that’s not probably the best option either.
Over the years we’ve seen more and more contractors switching to car leasing. Around 9 out of 10 contractors lease a new car. Leasing a new vehicle generally costs far less upfront and during the life of the agreement, than buying a vehicle.
For many contractors and self-employed professionals, car leasing has proven to be an affordable way to drive a new vehicle every 2 or 3 years, avoiding MOTs and unforeseen bills.
Continue reading about Your next new car: buy it or lease it?