From tax, insurance and vehicle depreciation to tech, specs and the BVRLA, check out our top 5 leasing tips before exploring our special leasing offers.
Get a good idea of the all-round costs associated with the lease. This includes how much insurance you’ll be paying, as well as the price from a tax perspective (from an employer and/or employee contribution). When looking into the tax costs, research how much the vehicle will cost in terms of a P11D value and benefit in kind. Remember, you needn’t worry about maintenance costs but fuel efficiency is another aspect worth consideration.
2) Pick a vehicle with great future residual value
The future residual value means what the vehicle is going to be worth in 12, 24 or 36 month’s time. This is crucial as it’s the largest factor in how much the vehicle is going to cost to lease. The better the vehicle stacks up and the more valuable it is in the future, the less it will cost to lease.
If you’re wondering what the future residual value and cost of a lease would be on a specific vehicle, please give us a call on 01636 702876.
3) What are your exact requirements?
The more specific you are with your requirements, the more likely you are to drive away 100% delighted with your new set of wheels. Make a list of your ‘must haves’ – must your vehicle have a fitted SatNav or air conditioning, for example? – as well as the nice-to-haves, such as Apple CarPlay or alloy wheels, for instance.
This list of specifications can help you get a better range of quotes and vehicular options.
4) Make sure your chosen lease company is a member of the BVRLA
The BVRLA, otherwise known as the British Vehicle Rental and Leasing Association, have set rules and guidelines on various important aspects of leasing, all of which have to be adhered to by its members. This includes Fair Wear & Tear Standards to ensure you aren’t charged unfairly.
5) Ask questions!
Never be afraid to ask questions if any aspect of leasing confuses you. We’re here to ensure the process is as simple and stress-free as possible. Getting a new car or van should be exciting not a chore!
We hope you enjoyed our tips! For more helpful insights and advice, check out our video library on Facebook!