In recent years, supercar leasing has emerged as a serious alternative to purchasing for many enthusiasts. There is now a strong market targeting an evolving London workforce who require a new level of flexibility in the way they live, work and play.
Many factors influence why leasing a supercar can be the preferred way to have the weekend fun as well as offer us the day to day commute.
Lifestyle and Working Choices
Post pandemic, we've seen considerably more fluidity in working practices, allowing for employees and business owners to switch between employment locations. However, the way the pandemic upended the traditional nine to five and shifted the nature of how and where we work is still developing. As we navigate the new opportunities this offers, this is allowing people to embrace a new form of hybrid career, both in and out of the capital.
A recent report suggests in April 2023, central London employees were coming into the office only two times a week compared to four or five times per week pre-pandemic. The reduction in the need to be in the office has seen a noticeable trend in workers now choosing to live away from London and only commute in when required. Living away from the capital offers new possibilities, including the chance to drive the car of your dreams. The opportunity to mitigate the cost of living in London by moving to the suburbs has allowed a switch in priorities meaning driving a supercar becomes a real possibility. There are also practical considerations, such as the extended time you have available with the car and simple things like the space required for storage become a factor in deciding if getting a supercar is a realistic option.
However, until the true effects of these changes have a chance to solidify into our expectations around working commitments, some find it difficult to commit to the long term liability which comes with purchasing a supercar. Uncertainty surrounding the future of hybrid working leads to an increase in concerns about long term payments and depreciation should expectations about office working switch back.