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Car leasing mileage allowance

Posted by Paul Kelly on January 24, 2012 at 13:32.
Filed under: Articles

Whilst sending out my daily quotes, something hit me and made me think, i have been sending prices to a lot of customers who seem to me doing a hell of a lot of travelling in their car, so i decided to give a few of these customers a call to see if i could see exactly what kind of yearly mileage they would be doing

Mr Johnston was the first person i called, he requested a quote on a ford Fiesta asking for 30,000 miles per year, which is a lot of miles especially as the car was for personal leasing and not a business car lease, i sat their thinking this cannot be right so when i called him to confirm the details were correct, i asked a few questions like where he works, how far does he need to travel to get to work, how many times per week, and how much holiday he gets per year.

It worked out he travels 25 miles to work 5 days per week and is employed so we assumed he gets the usual 4 weeks holiday, so on that basis if he used the car solely for work 5 days per week his annual mileage would only be 11,000 per year (25 miles there, 25 miles back thats 250 miles per week 4 weeks in a month 12 months in a year take away the 4 weeks holiday) thats just a very rough estimate, of course he is going to use the car on weekends and in the evening, so we added another 4,000 miles which is now half what he priginally requested saving him the difference of £33 per month difference between the 30,000 miles per year to his more realistic price of 15,000 miles per year

That is over £1,000 saved over the 3 year period he has saved by getting the correct information, following on from that call i asked a few customers who took a car on 20k per year mileage option and all but 1 said they were doing much less than they requested all because they did not work out the correct mileage before commencing on the lease.

If you find that your are paying for a lot more miles than you are actually doing per year it may be worth calling your finance provider and speak with them in reducing the amount of miles you do it could and most often does result in a slight reduction of your month payments

When taking out a lease we always look for the cheapest rate possible, we advertise prices based on 10k if you can be more specific with the mileage we could save you money, you do not have to round the car mileage to the nearest 5k-10k,

Comments (3)
 

Looking to update your car or van this year

Posted by Paul Kelly on January 12, 2012 at 11:41.
Filed under: Latest Car News

Welcome to 2012,

With the economy looking gloomy, for many money is tight, so is now really the ideal time to get a new car, maybe not ! especially if you don’t really need a new car, however many will be looking at getting a new car and for those which are looking leasing is an ideal place to start to find yourself a new vehicle

Buying a car outright is going to lose you money as soon as you drive away from the showroom, it will eat up a very large chunk of you money in one go, and lets face it in this current climate we never know whats going to happen so to keep a bit of that hard earned money in the bank is a good idea, and with leasing your throwing all your savings at the car, you are only paying the the time your leasing, its like long term car renting, but cheaper

Although the country is going through some tough times there is still money in peoples pockets and people are still buying cars this is where we can help, we have 1000′s of cars available nearly all much cheaper to lease than to buy outright available to both business and personal users, if don’t see an offer on the car you want then give us a call and we will look for you, or just keep popping back from time to time as offers change regularly, Cars from £100+ vat per month Vans from £150 + Vat per month,

Is your car getting old, is it time to look for a new car

New or old car

 

 

 

 

 

 

 

 

Many people are surprised at the kind of car you can get for your money, do a simple test go into your local car show room and see how much it will cost you to buy a car outright, keep in mind the monthly payments, then give us a call and we will quote you to lease the exact same car, yes i understand you will never own the car, however when people go to sell the car after three or four years, the car has depreciated so much it kind of evens itself out but you end up paying a much lower monthly payment with leasing as much as half the loan amount a month when compared to buying the car

If you don’t understand how leasing works, give us a call we will happily explain all the good and bad points with you, which will help you make your own decision to see if leasing is right for you or your business

 

Comments (0)
 


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