Car Leasing Infographic

Leasing a car Benefits of leasing a car As we know, leasing has become a very popular way to drive brand new cars on flexible and affordable contract hire rates. Low deposit Fixed monthly payment Flexible contract terms Full manufacturers warranty for peace of mind Drive brand new cars Road fund licence & breakdown cover included No hassle of disposing Latest safest technology Latest fuel efficient engine saves you money cars How does car leasing work? Monthly rental Initial payment 3/ 6/ 9 rentals in advance This is the price you will pay per month. This is the first payment or deposit that you pay for your leased vehicle. It is normally calculated as the equivalent to 3, 6 or 9 monthly rentals. A higher initial payment will generally reduce the costs of the monthly rentals. It is based on your initial payment, contract length and annual mileage. Contract length Annual mileage 24/36/ 48 months 5K to 30K mileage The contract length determines the size of your monthly payments on the agreed 24, 36 and 48 months contract. Most car contracts are based around mileages from 5,000 to 30,000 but you have the opportunity to tailor your contract to the exact amount of miles you think you will do. In most cases, the maximum is 100,000. 5 things to consider before leasing Do you need ownership at end of the contract Monthly Budget Vehicle maintenance Value added services GAP Insurance Agreed miles per annum contract Leasing options Business Contract Hire Personal Contract Hire Business Contract Hire (BCH) is a long-term vehicle rental agreement suitable for sole traders, partnerships and limited companies. Personal contract hire (PCH, also known as personal leasing) is a long- term vehicle rental agreement. It's a particularly popular option for VAT registered companies, as they can claim back 50% of the VAT for the supply of the vehicle. A very cost-effective solution for private individuals who want to take advantage of the latest models which include the latest engineering and technology features.. Consider your vehicle requirements Workout exactly what you require from your new car and decide on your budget to help find the car that is right for you! What type? What equipments do you need? Saloon SUV Hatchback Sat Nav Bluetooth DAB radio START STOP ENGINE Convertible Coupe Estate Auto wipers Start/stop technology Parking sensors Top five cities with most lease cars in UK Edinburgh -Newcastle Manchester Birmingham London Top five manufacturers in leasing market M Mercedes-Benz Ford Top five cars in leasing market M. CV 1144 IMLE 5147 BMW 3 Series BMW 5 Series E2DA A MI Mercedes-Benz C Class Audi A4 Range Rover Evoque Sources: www.fleetnews.co.uk http://www.smmt.co.uk/ SELECT CONTRACTS VEHICLE LEASING & CONTRACT HIRE