Yes, but do you have reservations due to the high mileage you drive? Well that’s fair enough, high-mileage leases cost more than low-mileage leases. This is simply because cars that have traveled more miles depreciate more quickly, but this is true whether you rent or buy them. Calculating the true cost of a car is important. Used cars have depreciated more than ever in the last year. With the lease, you don’t risk what the car will be worth with, say, 90,000 miles on the clock in 3 years.

Problems with buying in today’s market

– Financing is more expensive and difficult to manage to buy a car.
– High mileage vehicles can be very difficult to sell. Would you buy an out of warranty car with high mileage?

Leasing benefits

– You pay a fixed cost each month that allows you to budget accurately
– You have the opportunity to drive a new car with very little down payment.
– You can opt for a maintenance package – Excellent for high mileage drivers as maintenance bills are likely to be higher. It also eliminates expensive and unexpected utility bills
– You are assured that the car is under warranty (if you rent it for 3 years or less)

Vehicle leasing expert Jane Ramsey says that “leasing offers good value for money compared to the actual cost of running a car, especially if you are used to the hassle-free experience of a company car scheme.”

We recommend contacting some leasing companies, as those that are the cheapest at 10,000 miles may not be the cheapest at 30,000.