September: The Perfect Month for New Car Registration and the Advantages of Contract Hire and Leasing
As the summer days start to wane, September brings with it not only the promise of cooler temperatures and falling leaves but also a unique opportunity for car enthusiasts and anyone in the market for a new vehicle. In the UK, September marks the beginning of a new car registration month, and it's a time when car dealerships unveil the latest models and offer enticing deals. One of the most popular ways to acquire a new car during this season is through contract hire and leasing. In this blog post, we'll explore the benefits of contract hire and leasing, especially during the September registration month frenzy.
1. Stay Up-to-Date with the Latest Models
One of the standout benefits of leasing a car in September is the opportunity to drive the newest models without the long-term commitment of ownership. Car manufacturers often release their latest vehicle offers during this time, making it the perfect opportunity for car enthusiasts who want to stay ahead of the curve. By leasing, you can enjoy the latest automotive innovations, from advanced safety features to eco-friendly technologies, without worrying about the depreciation that often plagues new cars.
2. Lower Monthly Payments
Leasing a car can offer significantly lower monthly payments compared to traditional car loans. This can be especially advantageous when you're acquiring a new car in September, as many manufacturers offer competitive lease deals and promotions during the registration month. Lower monthly payments mean more financial flexibility in your budget for other expenses or savings.
3. Minimal Down Payment
In many lease agreements, the initial down payment is much lower than what you would typically pay when purchasing a new car. This can make it easier for you to acquire a new vehicle, as you won't need to come up with a substantial upfront payment. With more affordable down payment options, you can allocate your finances more efficiently.
4. Warranty Coverage
Most lease agreements include warranty coverage for the duration of the lease, which typically spans three years or more. This means you won't have to worry about expensive repair bills for the duration of your lease. In September, when you're driving a brand-new car, this warranty coverage can provide peace of mind and protect your investment.
5. Tax Benefits
Leasing can offer potential tax benefits, especially for businesses. In many cases, businesses can deduct lease payments as an operating expense, reducing their taxable income. This can result in significant savings for companies, making leasing an attractive option for fleet vehicles, company cars and salary sacrifice.
6. No Hassle of Resale
When you lease a car, you don't have to deal with the hassle of selling or trading it in when you're ready for a new one. At the end of your lease term, you simply return the vehicle to the funder and choose whether to lease another new car or explore different options. This simplicity can be a major advantage, especially if you like the idea of driving a new vehicle every few years.
7. Environmental Considerations
Many individuals and companies are increasingly concerned about reducing their carbon footprint. Leasing allows you to drive a newer, more fuel-efficient or electric vehicle without the commitment of ownership. This aligns with the growing trend toward eco-friendly transportation options.
Order your new 73 plate in September!
September's new car registration month is an exciting time for car enthusiasts and anyone in the market for a new vehicle. Choosing contract hire and leasing during this season can provide numerous benefits, from driving the latest models to enjoying lower monthly payments and warranty coverage. With minimal down payments, potential tax advantages, and the simplicity of returning the vehicle at the end of the lease, it's no wonder that leasing has become a popular choice for acquiring new cars. Whether you're a private individual or a business owner, consider exploring contract hire and leasing options this September to make the most of the exciting opportunities the new car registration month brings.
