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United Kingdom
United KingdomDifference between Buying – Leasing
Compare all the benefits of taking out a car subscription versus other options on the market.
Benefits
Buying
Leasing orFinancing
100% flexible and customisable
Change of car category
Maintenance, MOT and taxes
Home delivery
No down payment
100% digital process
Family plan
Here's everything you need to know about buying/leasing and Bipi subscriptions.
Buying/leasing
The first thing we ask ourselves when we need a car is whether we should buy one or whether we should choose to rent or leasing. Now also with Bipi you can have a car subscription for as long as you need it.
Leasing is nothing more than a complicated long-term subscription contract offered by financial institutions, manufacturers and leasing companies. With this option you can enjoy a new vehicle by paying a monthly fee and agreeing on the total number of miles you will drive. Once the contract expires, you can return the car or reach an agreement to buy the car – although this isn't usually cost-effective since the vehicle depreciates in value.
The main disadvantages you will face when buying a car or leasing one are that you will be tied to the car until it is sold or the contract ends, and you will have to pay a penalty if you decide to end the contract. At Bipi we understand that your circumstances are constantly changing, which is why we don't have any penalties if you want to change or end your subscription.
Bipi subscriptions
Car subscriptions offer many more advantages than other options: you won't be forced to stay for a long time or keep the same car for several years, you can cancel the subscription at any time and you won't lose money as there are no down payments. What's more, if your circumstances change, you can change your car whenever you need to, without incurring a penalty and without having to sell your car.
Another great advantage is that servicing, taxes and maintenance are included in your monthly subscription.
If you're thinking about buying a car or you're considering leasing, try our monthly subscription without any long-term contracts. It includes everything: insurance, maintenance and other car-related expenses. What's more, we change your car for an almost new one every few months so that your vehicle is always in perfect condition.
Configurable Car subscription
- Choose as many monthly miles as you need!
- If your life change, change your car
- Choose the subscription’s length that best suits you
