Car Leasing Blog

A fully maintained lease offers complete peace of mind and financial security as the monthly figure you pay incorporates the total cost of routine servicing and maintenance. This way all servicing, tyres (normally excluding punctures), brakes and exhausts are covered with no additional cost. Should you go over your mileage allowance the pence per mile penalty will also incorporate maintenance. Therefore you should have no unexpected costs over the duration of the lease.

This is extremely beneficial to high mileage users, typically 20-30k per anum.

Lower mileage users, up to 20k per anum, should also consider non-maintained contracts on their own financial merit. This is due to one main factor:

Recent changes in European law (Block Exemption) mean you have the right to take your vehicle anywhere you choose for servicing. Providing the servicing garage use OEM parts and adhere to the manufacturers servicing schedules.

This greatly affects lower mileage leasing customers as dealership prices can be higher than other smaller or local garages.

Therefore my advice would always be to measure up the money saved from having the vehicle maintained yourself, to the peace of mind of a fully maintained contract. Higher mileage users may find the convenience aspect of a maintained contract appealing, whereas lower mileage users would see benefit in the money saved.

The latest new car P11d Values dave now been added to this website for download

Enjoy!

Over the last few years, personal car leasing has become more and more prominent in the UK.

 Mainly the reasons are for convenience. Joe bloggs no longer wants to worry about his car losings it value on the drive - or a poor review in a magazine dropping the future value of his car.

Personally leased vehicles are now available from most car dealerships and even over the Internet.

Another reason is price. With the bulk buying power of car leasing companies now, and the distribution they have with the various car leasing brokerage networks, the price monthly for leasing a car has dropped dramatically.

I have seen family saloons for less that 150 pounds per month,  and shopping style runabouts from less than a hundred.

Now that’s not a bad deal for a brand new car, once every two or three years.

A huge contributor in the drive toward personal leasing has been cash for car schemes operated by employers. Conventionally, an employee might be entitled to a company car - but now companies are moving more and more toward giving a cash car allowance and letting the employee find the car (usually with some restrictions). This has a huge effect on the BIK and car tax an employee is likely to contribute making personal leasing a much more cost effective option to a company car.

Soon, I will produce a full breakdown with a comparison of costs for a typical company car user compared to taking the vehicle on a personal lease and post it here.