March 9th, 2010
One ambition shared by many people is to have a top of the range car. This ambition is in fact more achievable than many think. All that is required is to take out a decent contract hire agreement.
Contract hire involves leasing a vehicle from a specialist hire company. The monthly lease is relatively cheap, being that it is based not on the total value of the vehicle in question, but rather on the depreciation of the vehicle during the contract period, together with a small profit factor.
At the end of the contract hire period, usually between two and four years, the vehicle is returned to the hire company. A brand new vehicle can then be hired on similar terms.
What makes contract hire so ideal for accessing top of the range vehicles is that such vehicles often depreciate at a slower rate than conventional vehicles. Consequently, the monthly payments will also be comparatively modest.
It is also worth keeping in mind that with contract hire the customer selects the exact make, model and specification of his or her ideal vehicle.
Some people of course lament the fact that with contract hire, ownership of the vehicle will always remain with the hire company. Whilst this is true, the obverse side of the coin is that the vehicle lease customer offloads onto the hire company a whole list of responsibilities, including disposal of the vehicle at the end of its optimum use period and the impact of further depreciation.
Contract hire at our competitive rates here at Lease4Less is worth considering for that special car.
Tags: Car Leasing, Contract Hire, Van Leasing, Vehicle Leasing
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March 4th, 2010
Many people who have only a vague idea of what a car lease involves will often under-value its benefits whilst over-dramatising the contractual obligations conferred upon the car lease customer. Once the facts are examined however most people are surprised at how favourable a car lease really is.
Let us take the obligation of mileage restrictions as a starting point, the point at which some potential customers start to become wary of car leasing. In reality however many car lease agreements offer generous annual mileage allowances, and leasing companies will usually welcome the opportunity to negotiate a contract based on a client’s particular mileage requirement.
Another reservation often expressed is a dislike of being forced away from car ownership. Yet some vehicle lease agreements (lease purchase for example) can offer the best of both worlds with the option to purchase at the end of the contract period.
On the plus side of car leasing, most people are aware that a car lease involves making modest monthly payments that are mainly based on the vehicle’s depreciation rather than on its purchase price. Many are not aware however of other benefits that accrue when taking out a car lease.
Delivery of the car to the customer’s home address, for example, is usually standard, as is collection of the car once the lease period is over. Many car lease agreements also often include a road fund licence, sometimes for the full duration of the contract period.
At Lease4Less we can run through the many advantages of taking out a car lease as well as the conditions.
Tags: benefits of Vehicle Leasing, Car Lease, Car Leasing, Vehicle Leasing
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March 2nd, 2010
Many businesses are now actively considering car leasing as a more manageable and cost-effective alternative to car purchasing. These same businesses are also finding that car leasing contains potential benefits which can be used to help retain and attract the best employees.
Car leasing essentially differs to conventional car purchasing in that full long-term access to a desired car is obtained through making regular modest monthly payments, rather than through purchasing the car outright.
The main advantage to a business is that because the lease payments are based largely on the depreciation of the car over the contract period rather than its purchase price, they are cheaper than monthly finance payments. Unlike finance agreements, there is also usually no excessive deposit required, merely the payment of two or three monthly lease payments in advance.
However, vehicle leasing does not only benefit a business; it also holds a strong attraction for a company’s employees.
Businesses can arrange for their employees to take out a private car leasing agreement with a lease company. This arrangement can often be much cheaper for the employee than using a company car since company car benefit-in-kind taxation does not apply.
Some ‘lease purchase’ vehicle leasing schemes may also provide the employee with the opportunity at the end of the contract period to purchase the car at a very favourable price, a price already agreed at the outset of the contract term.
At Lease4Less our experts can explain the exciting nuances of car leasing in more detail.
Tags: business leasing, Car Lease, Car Leasing, Vehicle Leasing
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February 24th, 2010
For those currently setting up small businesses, it is worth looking at current vehicle usage arrangements as they are sometimes not given the full attention they deserve and may well prove unsatisfactory. Perhaps the business owner’s main car is serving much of the transport needs; perhaps there is pressure on the owner to invest precious funds in a new vehicle or van. One cost-effective and reliable solution is vehicle leasing.
Vehicle leasing is a way of obtaining full use of a brand new vehicle of the customer’s choice for a relatively inexpensive monthly fee. A leasing company will purchase the vehicle on behalf of the business and lease it back to that business for a monthly payment based largely on the anticipated depreciation of the vehicle.
At the end of the vehicle leasing period the vehicle is usually returned to the leasing company. The leasing company will then take full responsibility for either disposing of the vehicle or keeping it, together with the burden of further depreciation.
Alternative forms of vehicle leasing can even permit the business to purchase the vehicle at the end of the lease period, either as an optional arrangement or as part of a compulsory agreement.
One further attractive aspect of vehicle leasing is that it can have possible benefits to a business in terms of recovering VAT payments or tax payments.
All these potential benefits of vehicle leasing and more can be discussed with our knowledgeable staff at Lease4Less. We are happy to address any technical queries.
Tags: Car Lease, Contract Hire, Van Lease, Vehicle Leasing
Posted in Vehicle Leasing | No Comments »
February 23rd, 2010
It can be a real eye opener encountering all the administrative procedures that come with the privilege of business ownership. Many business owners often dream about being able to reduce or offload some of these responsibilities.
Vehicle management is one business area where much of the hassle can be reduced and some of the responsibility even transferred. The key to achieving this lies in taking out van leases rather than buying vans.
A business owner will find that with van leasing, brand new models to the specifications required by the business can be purchased on the company’s behalf.
The leasing organisation that carries out these purchases will in turn not demand any large down payment or indeed any contribution to the purchase price from the company. All that will be required will be regular, consistent monthly lease payments based on the expected depreciation of the vans during the van leasing contract period. Provided the expected depreciation is not excessive, the lease payments will be relatively modest.
Brand new vans will not only create a good image for the company however, they will also be less likely to give any maintenance or breakdown problems. A reputable leasing organisation may even be able to throw in a maintenance contract for an additional monthly fee.
When the van leasing contract period is over the leasing organisation will take the vans off the company’s hands, and there need not be any further worries.
At Lease4Less we can provide information on lots of ways in which van leasing can help a business.
Tags: Cheap Vehicle Leasing, Contract Hire, Van Lease, Van Leasing, Vehicle Leasing
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February 18th, 2010
Contract hire is often promoted as an alternative to purchasing a vehicle. As such, it appeals to those who would normally experience difficulty in sourcing the purchase funds. Contract hire can also prove to be a financially sound option even for those who do have enough cash to purchase a vehicle.
Contract hire is a popular form of vehicle leasing whereby the customer chooses a new vehicle which the leasing company subsequently buys on the customer’s behalf. The customer keeps the vehicle for the duration of the hire period, usually between two and four years, during which time a monthly lease fee is paid to the leasing company. At the end of the lease period, the vehicle is returned to the leasing company with no further strings attached.
If the customer has sufficient funds to buy a brand new vehicle at the outset it could be argued that this might be more economical than paying a monthly lease fee under a contract hire agreement. However, the following two points should be considered very carefully before any decision is made:
• Eventual depreciation, maintenance, and vehicle disposal costs (possibly including the cost of advertising) can all mount up, as well as creating an administrative headache. With contract hire the lease customer simply hands the vehicle back at the end of the hire agreement.
• If the customer’s income can accommodate the monthly contract hire fee, it may be worthwhile considering switching the vehicle purchase funds for other priorities.
At Lease4Less we can help you work out in more detail whether contract hire could work for you.
Tags: Cheap Vehicle Leasing, Contract Hire, monthly payment car lease, Vehicle Leasing
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February 17th, 2010
When looking at a possible car lease many people are often taken aback by the sheer number of advantages: a brand new car of their choice delivered to their home; no requirement for a large down payment; relatively modest monthly payments and the collection of the vehicle at the end of the contract with no disposal or future depreciation worries.
Understandably, some potential customers often wonder if there is a catch. The answer is, basically, no. Any conditions agreed to with a reputable car lease company will be based on fair usage principles made transparent at the outset of the contract.
The main benefit to the leasing company comes from charging a lease fee based primarily on the depreciation of the vehicle, together with a small business fee. In this way the leasing company retains ownership of the vehicle without suffering any depreciation costs.
Fair usage principles, however, try to ensure that the car is returned with no more than the expected level of depreciation. Thus the lease customer will be expected to maintain the car in good condition and not exceed a pre-agreed maximum annual mileage. Breaking the car lease agreement in one of these ways will usually lead to financial penalties; although when a customer fears an agreement is in danger of being broken the leasing company will usually agree to renegotiate contract terms.
At Lease4Less our expert advisors are committed to running through the relative merits of all our vehicle leasing options and making any conditions crystal clear.
Tags: Car Leasing, Contract Hire, monthly payment car lease, Van Leasing, Vehicle Leasing
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February 16th, 2010
When explaining to those new to car leasing how the service can be of benefit to them, it is sometimes claimed that car leasing works similarly to car rental, albeit over a longer contract period. This comparison however is only true to a limited extent and overlooks some of the crucial benefits of car leasing.
Although ownership of the car during both rental and leasing contract hire periods resides with the leasing, or rental, company, this is largely where the similarity between renting and leasing ends.
The first difference between leasing and renting is the basis on which the customer is charged during the contract period. With car rental, a price is charged according to the perceived value of the car in question. With car leasing, on the other hand, the cost to the customer is largely based on the expected depreciation of the car during the contract period. Ironically, a more expensive upmarket car with a low depreciation rate may well be comparatively cheaper than leasing a car with a higher depreciation rate.
The second difference is that with car leasing, customers choose the precise make and model of any brand new car they desire and exclusively keep that car over the entire long-term contract hire period.
A final important difference is that, depending on the type of car leasing entered into, the customer may have the automatic option of purchasing the car at the end of the contract period.
Car leasing really is a unique approach to car usage. At Lease4Less we will happily provide more details on its benefits.
Tags: Car Leasing, Cheap Vehicle Leasing, Contract Hire, Van Leasing, Vehicle Leasing
Posted in Car Leasing | No Comments »
February 10th, 2010
Many individuals and businesses claim to be tempted by the notion of vehicle leasing, yet continue to hesitate in making the leap.
Most are aware of the primary benefits, namely: no requirement for purchase finance; low monthly lease costs; and the ability to return the vehicle at the end of the lease period. There are additional benefits associated with vehicle leasing.
Firstly, it is important to remember that the lease customer remains firmly in the driving seat from the word go. Not only can the customer choose a preferred make and model but he or she can also demand the same degree of specification as if the vehicle were being purchased. Likewise, any agreements at the outset such as mileage restrictions will be negotiated according to the needs of the customer rather than simply being imposed by the leasing company.
Secondly, it is worth bearing in mind all the benefits that can accrue from enjoying access to a new vehicle: the image of a business or individual is greatly enhanced; there is less risk of car failure or breakdown and passengers will benefit from the latest vehicle safety features.
Thirdly, there can be many additional financial advantages of vehicle leasing. For some businesses, for example, tax and VAT recovery benefits may be possible. For employees using a lease vehicle rather than a company vehicle can also bring personal tax benefits.
At Lease4Less we will be able to provide any wavering individuals and businesses with lots more sound reasons to take up vehicle leasing and give up vehicle purchasing for good.
Tags: benefits of Vehicle Leasing, Car Lease, Contract Hire, Van Leasing, Vehicle Leasing
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February 9th, 2010
When opting to obtain vans through a van leasing agreement, it is wise to consider carefully which leasing company to choose. Van leasing offers a business an affordable way of securing top quality brand new vans without the hassles of finding purchase finance or a large finance-to-purchase deposit. Choosing the wrong leasing company to do business with can mean failing to maximise the benefits that van leasing can bring.
Many businesses, for example, choose to go straight to a main dealer for their van leasing needs. This of course immediately restricts them to the vans available from that specific dealer. Furthermore, choosing vans from only one supplier may lead to the imposition of higher leasing fees than desired.
Similarly, opting for a small local leasing company may give the business customer a wider choice of vans, but a small company may not enjoy the power to negotiate a purchase on the most favourable terms. This could again lead to higher van leasing rates.
At Lease4Less we are a large leasing company which can offer the widest choice of vans at extremely competitive leasing rates. As a long-standing member of the British Vehicle Rental and Leasing Association (BVRLA) we are committed to offering excellent advice to all our customers. We are happy to run through all van leasing options to see which are best for each individual client, including those that might offer additional benefits such as tax relief and the ability to reclaim VAT, depending on the client’s circumstances.
Tags: Car Lease, Contract Hire, Van Lease, Van Leasing, Vehicle Leasing
Posted in Van Leasing | No Comments »
