Car Depreciation Explained | How Leasing Can Save You Thousands

Have you heard the term 'depreciation', but always wondered what it *actually* means?

Depreciation is the fall of value of a car over time. Usually when talking about cars, people will say how when a car is driven off the forecourt, it loses all of it's value. A bit extreme - but the amount a new car will lose immediately is still eye watering. Fortunately, leasing can be a good option if you want a new car and to dodge depreciation. With leasing, you pay for the depreciation of the car, but don't hold that depreciation permanently for yourself.

Whether you're a first-time leaser or looking to upgrade your current lease, our team at Motorlet is here to provide expert guidance and answer any questions you may have.

---

Join the Motorlet community today and drive away in your dream car.

---

Still want to see more? Be sure to follow our social media:

---

#motorlet #carleasing #leasingexplained

[eugene__eugene]

Leasing broker promotes leasing as if depreciation is not getting paid when you lease 😂😂😂😂 all depreciation is paid in lease and is topped up with interest

[MrGregShuttleworth]

Leasing just includes the expected depreciation, plus interest, plus profit for the leasing company. If what this video says were true, lease companies would be losing money. 9 times out of 10 it's cheaper to buy a car than lease it.

[Logical.Psychopath]

If you cannot pay for something in cash, you should not buy it.

The only way you can buy something with any kind of loan is for a house and the loan has no more than a 3% interest rate with at least a 20% down payment.

[redbakery]

I see the YouTube algorithm has gathered us here today so, where does everyone live? Do we want to get a beach house for a weekend or something?

[zhkctwn]

With the dramatic value loss of Battery electric cars leasing is the best and only option. But for any other car your better off getting finance. When Leasing you pay fees to the leasing company to arrange for the financing and the depreciation of the car is part of the leasing fees, you save a lot of money by arranging your own finance. When leasing you also have to pay for restoring the state of the car if it is damaged.

[ts]

Please don’t listen 👂 to this self serving leasing pitch instead just Buy (finance it the cheapest way if you haven’t got money in the bank already) a good car 🚙 that meets your current and planned future needs that’s about 3 years old 🚙 just after it’s had its first MOT and then definitely look after it for as long as Possible that’s a financial smart way of UK car ownership..

[robertbullmore]

Of course, a leasing broker trying to get you on to leasing to get your money. Either way it's all expensive