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Car Leasing Hints & TipsThis page is dedicated to help you get the car leasing contract at the best value possible. There are a few things that are listed below to help you gain your desired car leasing vehicle at a budget you can afford. More questions can be answered here. Car leasing FAQ. Car Leasing Mileage Car leasing mileage is a major factor in the monthly costs of leasing. If you are a high mileage car leasing user, instead of having a contract for say 30,000 miles per annum, as this is what you may use, try 26,000 miles or 27,250 miles per annum. Particularly, in high mileage car leasing agreements, just the smallest change can dramatically affect the monthly cost to you or your company. The monthly rates are calculated on Residual Value (RV). A car which has done 90,000 miles after 3 years is not worth as much a car which has done 60,000 miles after 3 years. With this in mind, this is the reason why finance companies need to recoup that extra loss on your car lease with the higher monthly payments. Car Leasing Maintenance Car leasing Maintenance is another way that can reduce your monthly car leasing costs. Usually, companies wanting to lease a car will not have a full maintenance contract if the mileage is under 15,000 per annum. This is because although you still need to service your vehicle when it is due, the cost of maintenance can outweigh the actual maintenance that will need to be spent on your car lease vehicle. E.g. If maintenance is an extra £30 + vat per month, that’s £360 + vat per year. A brand new car should not need any maintenance other than a service, and if it did, would probably be covered by the dealers 3 year warranty, as long as it is not general wear and tear, like tyres that need to be replaced. Car Leasing Maintenance Alternative Car leasing maintenance alternative can be gained by taking out full AA cover. Prices are usually between £4 - £7 per month for the full cover, and while it does not cover you for services and tyres, it does give you that piece of mind that maybe needed from not having a car leasing maintenance cover. Car Leasing Contract Lengths Car leasing contracts vary from 2 years up to 5 years (although some special offers occasionally come out on 12 and 18 month leases). The shorter the contract, the higher monthly amount your contract lease vehicle cost will be. Most companies who lease their vehicles ask for either 3 or 4 year prices as the difference between 3 and 2 years leasing prices can be quite high. The actual difference between different lengths on contract lease always depends on the car and mileage you have chosen to lease. Car Leasing Tax Costs If you would like to know more about Company Car Tax please feel free to click the link and all the contract hire explanations on Company Car Tax is here in a language you can understand. Car Leasing Direct believes that accurate information and honesty is the way to conduct a business. All advice given on the website is just that, advice. These are not rules and we will happily offer you a very competative quotation. You can contact us here for an Online Quotation or can simply call us on 01526 - 351393.
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