Car Leasing Blog

We get continuously asked if we sell ex lease vehicles. I am going to clarify the subject.

99.99% of the time, you will get your lease car from a leasing broker of some description. Leasing brokers (generally speaking) do not own the vehicle, you are merely introduced to a host finance company whom owns the vehicle.

At the end of a lease contract, the vehicle is collected and usually taken directly to the auctions.

This is done for ease of disposal. The finance company dont like to keep the vehicle for very long, so they are either taken directly to someone like british car auctions or distributed into car supermarkets and large dealer groups.

Normally, it is difficult to purchase an ex lease vehicle because they are already sold, or commited before the origional contract starts.

When you take charge of a lease car, you have certain responsibilities to the contract hire company. Here is a rough guide.

• Ensure the contract hire company is aware of the intended use of the vehicle and is notified of any change of use during the period of rental
• Make sure the vehicle is used within the manufacturers weight carrying specification, thus preventing overloading
• Not allow the vehicle to be used for the conveyance of noxious or toxic substances, foodstuffs, fish, offal or any other offensive or pungent smelling goods without prior approval from the contract hire company
• Comply with the contract hire company’s and manufacturers’ service and maintenance schedule
• Submit the vehicle for servicing and repair during the hire period in line with the rental company’s and manufacturers’ maintenance schedule. This includes weight testing of load bearing equipment
• Seek written permission from the contract hire company before any alterations to the vehicle are made, eg. drilling holes to fit racks, mobile phones, beacons etc. All such alterations must be made good at the end of the contract.

Arm is hurting now, will continue this tomorrow.

Take a look at these rich kid car crashes, over £3m worth of vehicle mainly wrecked through speeding.

Note the quest appearance of a famous british boxes - prince naseem , smashing up his Mcclaren SLR Mercedes

http://thewrongadvices.com/2007/03/29/beautiful-cars-crashed-by-rich-idiots/

It seems that Nissan are going right out there with a all electric car view. Would be good when it comes to the London Congestion charge..

Predicting the future is never easy, but Nissan’s future product planner, Tom Lane, reckons it’s proving harder than ever these days.‘I’ve been with Nissan for 16 years and I’ve never known a period quite like it,’ says Lane. ‘The US consumer is not particularly motivated by fuel economy right now, but if the oil price climbs any more that could change within the space of a month, and trying to predict when that might happen is next to impossible.’

The answer at Nissan is the ongoing development of a number of solutions for reducing CO2 emissions, including all-electric cars, which could be with us sooner than you might expect.

‘Our current thinking is that some countries will adopt a zero-CO2 limit for city centres,’ says Lane. ‘So we plan to introduce an all-electric car by 2009/10. I predict that they will become commonplace by 2015 thanks to new battery technology.’

But Lane is adamant that this doesn’t mean Nissan will be abandoning sports cars in the future. ‘The 350Z has been a huge success for us,’ he explains, ‘and that car’s replacement is around 24 months away. It will feel sportier than the current car as it will be a lot lighter. The one thing I do know for certain is that having fun isn’t going to go out of fashion.’

 Aritcle taken from http://www.evo.co.uk/news/evonews/212319/nissan_goes_down_electric_avenue.html

Just found a great article for all you green-concious out there. A hydrogen powered BMW 7 series looking to go into production

The BMW Group is proud to announce that the BMW Hydrogen 7 - the world’s first hydrogen-powered luxury sedan - has been selected to participate in the first-ever WIRED LivingHome. Designed by Ray Kappe, FAIA, this modern luxury residence will serve as an example of how people can effectively balance green living with high technology and high design.

 For more on this, please visit

http://www.thecarblog.com/euro_cars/bmw_hydrogen_7_gets_wired_for_llivinghome.php