Online car dealership Motor Source has launched a new vehicle leasing service to cut the cost of motoring for public service workers in the UK.
Motor Source, based in Lincoln, has this month launched Motor Source Leasing – a new vehicle leasing, finance and sourcing service to cut the cost of motoring for public service workers.
The nationwide service builds on Motor Source’s existing discounted cars business, which is popular with police, NHS and fire service personnel by providing current and former public servants with an alternative way of buying a new vehicle.
The idea behind the new leasing service came as leasing is becoming an increasingly popular way of buying new cars.
According to the Finance and Leasing Association, the value of the UK’s personal car leasing sector grew by 42% to reach £1.52 billion in 2016.
Customers can obtain a wide range of cars, vans, minibuses and even trucks through Motor Source Leasing on flexible business or personal contract hire terms.
Vehicles are available with low initial deposit on a range of contract lengths. Manufactuer warrantees, vehicle tax and breakdown cover are all included on contracts as standard.
With the launch of Motor Source Leasing, Motor Source has also announced a new ‘friends and family’ scheme to make its new service more widely available.
Steve Thornton, managing director of Motor Source Group, said: “Leasing is becoming a very popular way of buying new cars. It is cheaper than buying cars outright, customers can get a new car every two or three years and there is no risk of depreciation.
“With our new Motor Source Leasing service we are helping public servants cut their cost of motoring and extending our offers to their friends and family too. It’s a flexible, no risk way of driving a new vehicle at a lower cost.”