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(Transportation-News.com, June 15, 2013 ) England, UK -- Many used-car dealers are smaller motor firms are not ready to jump onto the car-leasing bandwagon that many larger firms are interested in, according to Channel NewsAsia. The lack of interest is in spite of the fact that the larger companies have been dealing with imposed borrowing limits on vehicles, which one would assume would help smaller companies remain competitive in the market.
The companies balking on the opportunity cite the rising costs of leasing, as well as unfamiliarity with the general process as the main reasons to avoid being involved in the leasing proves.
There are still a new business models that are looking into the alternative of the lease world, rather than direct car sales. These companies see leasing schemes as a strong mid-point between the short-term rental industry sector and the direct ownership market. Leasing options allow one to hold onto a vehicle for years and pay monthly fees until either sold back to the company in good health or payments are finished.
The concept of not being stuck with a depreciating asset such as a vehicle does draw in a considerable section of society, as well as avoiding the often lofty down payments that come with ownership.
The government has imposed loan cubs in order to create a more competitive market, setting the line at 40% downpayment for vehicle purchasing. Observers have see, however, that car leasing is one way of working around the set limitations.
General manager of the Sime Darby Services stated, “"It's not a way to beat the government's system but it's just another alternative for motorists to consider, because there's no way we can beat the system.”
"Ultimately, leasing...to me is like another dish on the menu for the companies to sell."
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Source: EmailWire.Com 
Source: EmailWire.com
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