Some real vehicle information on the running costs of your new car
Here at Economy Leasing, we can tell you everything you need to know about your car before committing to a lease. So, if you’re still undecided as to which particular car model you want, you can compare various models side by side on a number of different levels. And similarly, if you do have a particular model of car in mind, here you can make sure it’s still something you’re happy to lease after knowing some of the finer details.
In this section you can find out about the running costs associated with every car we feature. From Audi to Volvo, if you can find it on this website, then we can tell you all about it’s running costs. Specifically, we’ll be analysing how much the vehicle costs to begin with, the cost of taxing that vehicle and what insurance category it falls within. We can also tell you the CO2 emission output, how many miles per gallon it can do, how environmentally friendly it is and the typical running costs over a year based on a 10K mileage. We’ll even show you how safe the car is in terms of it’s NCAP rating.
With the ever increasing price of fuel, we even have an UK average cost per litre for diesel, petrol and LPG
The running cost of any vehicle is obviously very important and is well worth taking into account. You may find that a particular model of car you had your eye on doesn’t actually seem so appealing in the long run, and vice versa.
So what are you waiting for? Select a car manufacturer from the manufacturer list below and see how each model fairs up.
Unexpected Expenses: Being Aware of Your Vehicle Running Costs
The great thing about leasing a car is obviously the cost. While buying a car outright can certainly be beneficial for the long term, leasing brings with it benefits that you just can’t match when buying a car, especially a brand new car. A main benefit, of course, being cash flow. You may not be able to afford the purchase price of your desired vehicle, but when it’s only a couple of hundred pounds a month, it’s suddenly a lot more manageable.
However, due to there being some fantastic deals for leasing and contract hire cars, it may be tempting to go for a model that would be well out of your price range were you to buy it outright. That’s fine, provided you can afford the monthly payments, but something else you might not have considered are the running costs of each particular vehicle.
Some cars cost considerably more to run on a daily basis, giving you a shock when you thought you were getting such a good deal. It’s no fault of the car of course, but something you should be aware of before committing to a particular vehicle. Here are some of the things to bear in mind:
Miles Per Gallon: It’s no secret that fuel prices are getting higher and higher, so perhaps fuel consumption is something you’ll want to be aware of. Obviously, it all depends on your financial situation and your purpose for the vehicle. You may well be after performance rather than factors such as fuel consumption and safety, but just don’t be surprised that a car that does low miles per gallon will cost you considerably more in fuel costs. People often forget about the costs involved with filling up the tank.
Insurance Category: Similarly, the insurance category that a particular model of car falls within will have an impact on the insurance price you pay. You may well be able to get a high performance car for a monthly cost that you can afford, but have you considered the cost of insuring that vehicle? Again, it’s another running cost that can catch you by surprise.
Tax Band: Finally, also take into account the cost of taxing each vehicle. Tax prices vary quite a lot, and much like the previous two points, even though you can afford to pay the monthly lease price of a particular vehicle, have you taken into account the additional tax expenses? Fortunately on this point, tax is often included with the monthly lease price, but do bear it in mind and check.
Overall, the gist of this article isn’t to deter you from getting the car you want, and perhaps a higher performance car than you originally thought you could get, but to simply highlight that the monthly lease price you pay won’t be all that’s required for running the vehicle.
Fortunately, we’ve even got a tool for you to calculate the running cost of each of our vehicles for lease, so you can get a good idea of what to expect before committing to anything.