When leasing a vehicle, there are a few figures you need to wrap your head around. But don’t worry, the process is very easy to understand.
Follow our simple guide to ensure you get the most value for your money out of your next flexible vehicle lease deal.
Future residual value
The cost of a lease is essentially dependent on the future value of the vehicle in question. Fascinatingly, a vehicle with higher specs, capabilities and value can be cheaper to lease than one with a lower residual value.
They are also one of the most reliable vehicles on the road – as well as the most popular in the used vehicle market – so they retain their value very well.
Are there hidden costs I need to know about?
Unlike many other leasing companies, we do not charge application fees when you apply for a lease.
The only admin fee we charge is for parking and speeding tickets, where we will charge £35.00 plus VAT to make a representation on your behalf and fill out paperwork.
This is an industry norm, and can actually save you a lot of time, particularly if you’re a business with a fleet of hundreds or thousands of vehicles.
Tips on getting value for your money
- Get a good idea of the all-round costs
Research the costs and potential savings entailed in insurance, fuel efficiency, tax, P11D value and benefit in kind.
- Pick a vehicle with strong residual values
Look into which cars depreciate in value the least. These will be the cheapest to lease.
- Be specific with your requirements
Make a list of your ‘must-haves’, as well as the ‘nice-to-haves’. We can then help get you the most affordable and practical lease to fit your requirements. Here, you ought to think about things like SatNav, AirCon, engine power and so on.
Make sure you pick a BVRLA leasing company
The British Vehicle Rental and Leasing Association (BVRLA) have set rules and guidelines on various aspects of leasing, all of which have to be adhered to by its members. This includes Fair Wear & Tear Standards. Before you ask, yes, we are of course members!
Explore our lease deals
Our lease deals are simple, flexible and affordable. Browse our current offers below to get closer to being behind the wheel.