Why is Car Leasing becoming more popular every year?

One of the main reasons why more and more businesses and individuals are choosing Car Leasing or Contract Hire as a means of financing a new car or van is that they are fed up of the high depreciation rates that affect most vehicles nowadays. Most cars end up being worth between 30% and 50% of their purchase price after three years, with few exceptions, so this can represent a huge capital loss to the owner.

One of the benefits of contract hire is that it can be much more cost-effective, especially if you take advantage of a special deal or manufacturer’s offer, as the total cost of your rentals over the contract period is usually less than the amount that the vehicle has depreciated over that time.

However, there are many more benefits of leasing a car than the depreciation issue.

Here are the main Benefits of Leasing A Car

Fixed monthly payments – easy budgeting of your motoring costs
All Servicing & Maintenance costs and Roadside Rescue can be included
Road Tax is usually included for the duration of your lease
Flexible terms and mileage allowance to suit your needs
A brand new car every 2 or 3 years, avoiding the costs of running an old vehicle
Low initial outlay compared to purchasing a vehicle
You can often afford to drive a better car than if you were buying a vehicle
No worries about the depreciation risks associated with ownership
Avoid the hassle of disposing of a used vehicle every time you change your car
No need to trail around the dealers looking for the best part-exchange price
Free delivery (and collection) of your new lease car to your home or office
You are able to put your Personalised Registration Number on the lease car
You can take your lease car abroad on holiday or business
Simply hand the vehicle back at the end with no further commitment
Flexibility to extend the lease at the end of the term for a further 6 or 12 months
You may be able to purchase your lease car as one of your End Of Contract Options

Additional Car Leasing Benefits for businesses

Up to 100% Tax Relief available on the lease rental payments
VAT registered businesses can claim 50% of the VAT back on cars (100% on commercial vehicles)
All the VAT can be reclaimed on the Maintenance element of your car lease
Contract Hire vehicles will not appear on your balance sheet, improving your accounts
Improve cashflow by taking advantage of the low initial outlay available
Fleet Management and Accident Management Services can be part of your contract
Reduced administrative costs, especially when leasing cars with Maintenance

With all the benefits of Car Leasing listed above, there is a compelling case for this form of vehicle finance. If you’re looking for a straightforward way to finance your new car or commercial vehicle, where you can simply hand it back at the end of the contract period, and you have no desire to ever own the vehicle, then Car Leasing may well be for you.

To find out more about Car Leasing, why not visit our Car Leasing Guide website where you will find lots of useful tips and information on leasing a car. You can also get a free copy of ‘Car Leasing Secrets – How To Get The Best Deal Possible On Your Next Car Lease’ if you subscribe to our Blog.

You will come across new and old catering vans for sale, when you are searching one for your mobile catering business. If you do not have a lot of cash or hand or are finding it difficult to get a large loan then it is advisable that you purchase the used catering vans, as they are cheaper. However, you may feel buying a used van that is in good condition may be difficult, but with the following four simple tips, you will be able to purchase the right used van that will last you a long time.

1. Determine the Worth of the Van: This is an easy step because all your need to do is find the basic information about the van, such as the make, model, year and the mileage. Once you have all this, you need to get yourself online and visit websites that have used car values. Two websites are commonly used and these are kbb.com and whatcar.com. Once you have opened up the webpage, enter the information you have collected and it will produce a valuation report, which you can use to make an offer to the seller.

2. Inspect the Used Van: Once you have generated the report from the website, you will now need to check out the van. This can be done by a test drive as it will allow you to check the engine and how smoothly the van runs on the road. When you are satisfied with the test drive, you can ask the seller why he wants to sell the van, this will allow you to judge his reaction and decide on whether you want to purchase it. As his reactions will tell you exactly why he is selling it, so you can look out for any faults or problems with the van, if there are any. Once you are satisfied with the car and are willing to purchase it, you can make an offer according to the valuation report that was generated.

3. Arrange Financing: Once the price has been negotiated and agreed up, you will need to contact your lender and tell him that you are purchasing a used catering van. As soon as you give him all the information that is required to complete the loan application, you will be asked to come in with the seller. You will need to make sure that the seller brings the title of the van, to close the deal.

4. Complete Paperwork: As soon as the paperwork has been completed, your loan is then finalized. Then you can contact your insurance company, which will ensure that your van is protected from any sort of damage.

The above four tips, will help you purchase the right used catering vans for sale that will ensure that you make a profit and not end up with large maintenance bills.