Joe Leonard in Manchester taking delivery of 2 new mazda 6.
Car Lease 4 You has the contract for the next 5 years.
Lease versus Buy? The benefits of personal car leasing.
Personal car leasing, or personal contract hire as it is sometimes known, has always been extremely popular in the United States with one in four cars having been leased. Personal car leasing has also become increasingly popular in the UK yet many drivers who could benefit from leasing their car are still taking out car loans or hire purchase to aquire their vehicles. The main reason for this reluctance to lease is usually the lack of knowledge of the benefits of leasing and the confusion caused by the terminology that surrounds it. In the following article we will explain, in easy to understand language, the personal car leasing process and how it may be the ideal choice for you.
An educated customer will always be able to get a better deal.
The more information and knowledge that you have on a subject, the more likely you will be to find the best deals and to negotiate better terms of any agreement.
The benefits of personal car leasing
Before we take a look at the main benefits that car leasing has to offer it is worth bearing in mind the famous quote of oil baron Paul Getty – “If it appreciates, buy it. If it depreciates, lease it”. A car is not like a house which usually appreciates in value after purchase,whereas, when you drive away in your brand new car it is already losing value. If you take out a car loan or hire purchase agreement to purchase a car you are simply paying a set amount a month for something that is losing, not gaining value.
Let’s take a look at the main benefits of car leasing.
• Monthly repayments will be on average between 35% and 55% less costly than the repayments on a car loan. Also, in the majority of lease agreements, only a small deposit is necessary, usually amounting to 3 monthly payments.
• One of the biggest attractions of car leasing is that you are able to drive away in a car that might be out of your price range in terms of purchase price.
• The car’s warranty will normally cover the period of the lease and all maintenance costs can be covered. Road tax is also usually included in the lease.
• No huge up-front costs, capital outlay or car loans.
• Fixed price motoring where most costs remain the same for the period of the lease.
• You can have a brand new car every two to four years.
What cars are best for leasing?
It is important that the car you lease will lose as little value as possible over the term of your lease agreement. Generally speaking, cars made by German manufacturers depreciate far less than other makes. For example, the BMW Series 3 Coupe and the Volkswagen Golf are extremely popular due to the high residual value remaining at the end of the lease. This also leads to cheaper monthly payments. The BMW Series 3 Coupe is available for as little as £269 a month.
View BMW Series 3 Coupe special offers.What makes up a lease payment?
The lease price of a car will be determined by the initial purchase price (with discount taken into effect), the age, mileage, condition and residual value of the car. So, if a car loses less money and has a lower mileage, it's residual value will be higher and therefore will cost less to lease.
Jargon busting
These are a few useful terms that may have been used above.
Depreciation – this refers to the reduction in the car’s value caused by age, mileage and condition. The depreciation of a vehicle is greatest during its first year. The make and model of the car also has a large bearing on the depreciation value.
Residual Value – this term refers to the predicted value of your car when it reaches the end of the lease agreement. This amount is very important as the monthly repayments will be based on the difference between the selling price and the residual value.
was launched in the year 2009 and is widely recognised as the backbone of the Where are the best car leasing deals advertised?
Car Lease 4 You car leasing sector. This is where the most competitive car leasing special offers are.
Car Lease 4 You opened for business today,new website launched as well,so why not call in at 80 Spencer Road or log onto our site
http://www.carlease4you.co.uk.co.uk to see what we can offer.
14 ways to save fuel
With ever increasing fuel bills many companies are concerned about the impact that this is having on their bottom line. Charlie Mc Cullagh of
Car Lease 4 You, Northern Ireland’s newest vehicle management company explains to that there are several ways to save money on your fuel bill.
1) Change gears between 2000 – 2500 RPM - For petrol/LPG cars, change up a gear before 2500 RPM and before 2000 RPM for diesel cars. Change to a higher gear as soon as you can and remember that you can skip gears to suit your speed and the terrain.
2) Maintain a steady speed in the highest gear possible – We are often tempted to speed up where we can only to hit a traffic jam. If you build your speed, maintain it and coast where possible, you will find your fuel economy can increase by up to 15%.
3) Use Cruise Control – Not only does this help maintain speed at the most economical RPM for fuel economy, but also with the introduction of average speed cameras, cruise helps prevent any surprise speeding tickets (especially with these new average speed cameras).
4) Don’t use your air conditioning unless necessary – Use of your air conditioning can cost you up to 5% extra in fuel costs. You may be tempted to open the windows but this will alter the vehicle aerodynamics and cost you considerably more fuel at higher speeds.
5) Drive smoothly - Abrupt starts and stops waste fuel. Heavy braking and fast acceleration uses a staggering 60% more fuel. Most people don’t realise that hasty braking also uses a high level of fuel.
6) Anticipate the traffic flow – RoSPA trained drivers will have learned to look ahead and keep enough distance from the vehicle in front to avoid sudden braking for safety purposes, however this also has a significant impact on your fuel economy.
7) Don’t rev the engine - Modern vehicles do not need revving when you start the vehicle or when you are turning the engine off. This is simply a waste of precious fuel.
8) Don’t drive aggressively – Aggressive driving significantly increases your risk of having an accident as well as using more fuel. Drivers often drive aggressively when they are late so leave extra time for jams or delays and plan your journey using Sat Nav to ensure you have the best route planned.
9) Switch off the engine when you’re stationary – If you are stuck in a traffic jam, waiting at slow lights or parked at the side of the road switch your engine off if it is safe to do so. Please note that you should never coast with your engine turned off as this will affect the steering and braking in most vehicles.
10) Reduce your speed - Driving at higher speeds can double your fuel costs as well as increase pollution. Few of us consider that overtaking uses a lot of fuel and in reality doesn’t save us that much time. On motorways driving at 85mph can use 40% more fuel than travelling at the speed limit 70mph.
11) Don’t wait for the car to warm up – Modern cars warm up faster when they are moving. Waiting for your engine to warm up before driving off is not good on the engine and is very fuel inefficient. Drive off as soon as your engine has started.
12) Check your tyre pressures – Many of us don’t check our tyre pressures on a regular basis. However, under inflated tyres can have a 3-4% penalty on your fuel usage.
13) Remove all heavy items from your boot and roof racks & roof boxes when you are not using them - Extra weight in the car uses extra fuel to move it around, especially up hills. And as with the opening of windows, roof racks and roof boxes change the aerodynamics of the vehicle which will cost you more fuel.
14) Maintain your vehicle regularly – Poorly maintained vehicles are often not running at their optimum levels and may well be using more fuel than is necessary.
“Fuel savings are just one element of running your fleet efficiently. You also need to have look at the maintenance of your vehicles and even consider changing your vehicle if it is bigger than you need right now.
As a vehicle management company of course we help you finance and manage the maintenance of the vehicles but many people forget that we also give relevant and independent advice about the wide range of options open to you when you decide to refinance or change your vehicles.
For advice on how to choose the vehicles that will save you money call
Car Lease 4 You on 028 71329614.
This is blog is to inform customers of a new service in londonderry,Northern Ireland.The service is called
Car Lease 4 You.It is based at 80 Spencer Road,Londonderry,BT476AF.We, as the name suggests lease cars and vans to business and private customers alike.The benefits in leasing are mostly used buy businesses,however private customers are not starting to see the benefits as well.Benefits include,road tax built for the length of agreement,No MOT s - your car will never be old enough to need one,Renew your car or van every 3 or 4 years,keep up with
technology and safety with the latest cars and vans being supplied,VAT benefits,optional maintenance packages.Rentals can range from
£99 per month.We have a dedicated team to advise you on your leasing requirements.
current deals are
Renault Megane 1.5 DCI Expression from £209 + Vat per mth
Mini Cooper 1.6D from £199 + vat per mth
Vauxhall Vivaro swb 90ps from £199 +vat per mth These deals are for a limited time only and on a first come first served basis.
If you require any futher information please contact us on 02871 329614 or e-mail us at
info@carlease4you.co.uk.
Car Lease 4 You(Head office)
80 Spencer road,
Derry
BT476AF
T:02871 329614
E:info@carlease4you.co.uk
W:www.carlease4you.co.uk
Skype:charlie.mc.cullagh