This is the main story behind this TV article piece, when it comes to buying or leasing how do you keep more money in your pockets. With lower monthly payments, for many in the States, leasing a car is the only way they can afford a new car. But of course that is private leasing and business leasing can be a different story with the tax advantages associated with this type of buying a car. However this piece actually shows figures to compare buying and leasing, ok it is in dollars, but it does give an indicatio of the differnces that can be just as applicable here in the UK.
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Leasing For Driving Instructors
We are in a period of time when driving instructor training organistions are seixing the opportunity to market their services even on TV, such is the damand for a new career. In most cases they will advertise a fully maintained car, but it is not until to find further details that you will learn that in most cases this car will be leased.
It takes a different approach to see your business vehicle as a monthly expense rather than an asset to buy and maintain. Most driving instructor training schools will in fact lease a car for the student, sometimes in bulk to get cheaper rates and then will charge the car to the pupil, to give them a good start in their new career as as driving instructor.
Pupils receiving driving instructor training in Middlesbrough from a company called Clearway, will use Citroen C3 cars leased to ensure the right brand image is displayed throughout all their employed instructors and to keep running costs down with new modern cars. The fact that all the cars leased can be the same colour, make and model with the same signage can be a powerful marketing tool.
Tax On Lease Cars
Since Apil 1st 2009 the tax on corporate/company cars had changed as in what levels of tax can you claim back. The BVRLA has an excellent article which describes what it is all about. It seems that cars with a Co2 emmission of under 160g/km can claim the full amount of the vehicle against tax. There are measures to enure cars that are already leased can’t be reintroducted into the system as a new lease car, to get these new benefits.
You can rad the full script at Business car taxation at the BVRLA
How To Compare Car Lease Prices
One of the biggest complaints for customers who use the internet to look for car lease prices is the amount of deals that just don’t exist anymore, or ask for high deposits to keep the montly payments down. Customer find they still need to ring each comapny individually to get a true price of their chosen vehicle that matches mileage and other considerations. Leasebam has lauched a website that will hopefully deal with these issues. The downside is there are no prices on the site, so you are forced to fill in a form, however that is the point of Leasebam, to ensure you only get true prices.
Some more benefits, is being able to read feedback from previous customers and knwo where your persoanl information has gone to. There are no automtaic pricing like price comaprioson sites, beacuse there is a worry that quote will be out of date, so a real person has to fill in a reply to your quote, meaning it can be trusted. Of course you should also expect a phone call too, because in most cases the car lease deal you are asking as quote for, may not be the best available. By changing a model, derivitive or even to a simialr make, you coula find youe selve saving money, that is what the car lease suppleir on Leasebam aim to do for you.
Here is the latest Leasebam video on their car lease website.
Mini Convertible Cooper S Review From MPGoMatic
The new BMW Mini Convertible is one of the most requested cars for a lease quote through the many dealers. This should be no surprise as soon as the mini convertibles were realesed to recreate the original mini from the 60’s and even though there is nothing the same except looks and excitement, the mini has gone on to be a huge sucess worldwide. The Cooper S gives the mini a little bit more grunt, they are fun to drive, ecomomical to drive and have the backing of BMW with its servicing programme.
Trying to get a goos deal on Mini Cooper S Convertible car lease can be harder than most though, as these cars really do not need to be dicounted to shift from the showrooms. they also have a good resalable value, meaning car lease premiumn are lower and therefore creating ahuge demand. There are some that think these cars are for hairdressers and manybe for the businesswoman rather than the businessman, but to suggest on women drive these beauties would be wrong.
The ragtop as they are called in America, is a best seller with its hard top version of the mini.
If you are interested in any mini car lease, then you should get many quotes as prices demand is high for this little car.
Kelley Dodge Nitro Mid Size SUV Review
The Nitro does look good to some and at the moment has some great car lease deals as Dodge push to get their name out into the UK market. However an American car does come with downsides, such as handling build quality and the cost of running. However for others, this could be the option of owning a new mid range SUV or 4 wheeled drive vehicle comared to an older (considerably older) Japanese or German 4×4.
American vehciles do tend to come with many electric extras that can also help with the decision. We must remember tha Dodge is the sister company of Jeep and the Nitro is based around the smaller Jeep. Resalable values are expecte to be low, so if you are considereing buying, it maybe best to buy a used one. However with cheap Dodge car lease deals out there at teh moment, it could be one way of owning a new trendy, chunky looking 4×4, even if the ride quality is not as good as many.
If you fancy Dodge Nitro car lease then you could consider visiting Leasebam and asking a vehicle supplier to quote. Here is the Kelley Dodge Nitro review from America.
Used Car Prices Increasing
What appears to be good news for those with a used car may be a headache for car lease vehicle suppliers. Normally a car lease supplier would calculate the value of a potentail lease value at the end of its contract. then the difference between the new price and resellable value would form the basics of a monthly premium. However the used car maket is doing something it has never done before. It is going up in value. Because of the shortgage of good used vehicles, you car has probably increased in value over the last 12 months.
Car lease suppliers now have an issue. Do they trust the current resale values in their price guides or do they assume that in 3 years time (an example of a car lease period) the values they see now will stil be true, or will by that time, used car prices get back to what they always have done depreciate. So many quotes may now be a bit of a guesing game, some assuming prices will hold and others expecting they may plummet which could mean a big variance in quotes on certain sites including Leasebam, which offers live quotes from independent car lease firms.
It might also hurt certain car lease firms as many choose to buy, thinking thier new car will hold its value longer, or that they may get a better trade in than they would have expected. Its an unsual time in the motor trade.
Car Lease Affecting Car Hire in Spain
If you own a second home in Spain or regular visit and tend to hire a car you can’t have not noticed the huge rise in car hire prices this year because of a shortage of cars. If you read the newspapers they will tell you that lack of finance is the reason. Car hire firms are unable to raise finance like they used to, to buy in stock.
However speaking directly to car hire firms you get a different story. It seems that many firms actually lease their cars, the reason being able to deal with the winter summer fluctuation issues. By having 6 month car lease the hand back the cars at the end of the season and do not have the maintenance and costs associated with cars stored in their compound doing nothing.
The problem has arisen when many car lease firms are no longer prepared to give 6 month lease deals to car hire firms. In short the benefit of leasing goes out the window and so many car hire companies are refusing to take out these 12 month options.
The question is, will car hire return to where it was? With such huge sums being paid for car hire now, why would they want to go back to receiving the same income for double the work as before?
In the winter months the levels of care versus the demand is likely to level out, but come next summer again who knows? Car hire companies will either try high prices again, risk buying the cars and selling as required or the garages who normally offer the 6 month car lease deals maybe will feel more confident in being able to shift 6 month old cars and start offer these contracts again. With so much competition out there, hopefully someone will find the answer.
Car Lease news will be here soon
If you are thinking about car lease as a cutomer or a business supplier then soon we will have a resource to keep everyone stimulated. The subject will be car lease, goor and bad and impartial. We will be here soon.
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