October 2, 2008
Helping to fix the cost of motoring
Car website says don’t buy, lease!
Leading car and van leasing website, www.ContractHireAndLeasing.com is issuing advice to the public and businesses looking to reduce their motoring expenditure.
“Get the car you want without the hassle and fix your motoring costs,” advices the team at www.ContractHireAndLeasing.com.
While a car may be the second biggest purchase most people make after taking the plunge to buy a home, unlike a house which historically has been said to double in value every ten years* and become a solid investment, a car only depreciates in value.
This has never been truer, while the purchase cost of a car keeps increasing due to spiralling material costs and heavy taxes; the resale value of used cars has plummeted.
Drivers and businesses who lease a vehicle rather than buy effectively fix their motoring expenses and free themselves of concern for residual values. Not to mention that there are some amazing deals out there; as manufacturers increasingly look to the leasing market to sell more units. A website like ContractHireAndLeasing.com allows visitors to browse at leisure for the right deal for them among 130,000 offered.
Taking out a two or three year lease can protect motorists against the rising costs and falling used values. Many fleet managers are attracted by the thought of improving their cash-flow by leasing a car instead of buying one. A bought car becomes a fixed depreciating asset, while leasing a car means that such capital can be invested elsewhere in the business.
Monthly lease payments are usually significantly less than the average repayments on a car loan. Upfront deposit will also be less. Maintenance is usually included in a lease and can be negotiated in, making leasing an attractive prospect for both personal and business users.
While the attraction of being able to afford a new and possibly more prestigious car may seem like a trivial reason to lease, there are some very real advantages to having a new car.
“Firstly, new cars benefit in largely having better fuel efficiency and lower CO2 emissions than older cars. New corporate tax legislation to be introduced in 2009 will see an emissions-based structure against company vehicles providing further incentive to lease the greenest cars possible. A new, fuel efficient vehicle also sits well with a company’s environmental and CSR policies” says Richard Lawton of ContractHireAndLeasing.com
“Secondly many fleet managers are attracted by safety of a new car. New corporate manslaughter legislation brought in early this year puts the responsibility for the safety of at-work-drivers firmly in the employer’s hands. Leased vehicles at an average of 18 months are safer, more reliable than grey fleet vehicles which average at six years of age**. Leasing is a fantastic way to minimise risk and maximise financial gain, while securing your motoring outlay.
“By leasing, a car can be replaced by a brand new one every two or three years. Best of all, leasing payments often cost less than the depreciation of the vehicle”, concludes Richard Lawton.
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Notes to editors:
1. *Visit www.realtor.org for more information.
2. ** Figures provided by the Office of Government Commerce, a survey conducted on a sample of public sector organisations, see full results: http://www.ogc.gov.uk/documents/Grey_Fleet_Best_Practice.pdf
3. About ContractHireAndLeasing.com: Launched in 2000, ContractHireAndLeasing.com is used by nearly half a million USERS per month who view around 2,000,000 pages. ContractHireAndLeasing.com is recognised as literally the backbone of the car leasing sector. It would be pretty difficult to be in the market for a lease car and not find ContractHireAndLeasing.com!
4. Really Good Domains Ltd, the company behind www.ContractHireAndLeasing.com, is the UK’s largest motor-industry internet advertising and marketing company. Really Good Domains own and maintain more motoring websites than any other company in the UK and own the popular websites, CarSupermarkets.co.uk, RoadTestReports.co.uk, TheGreenCarWebsite.co.uk, SaveMoneyOnCars.co.uk, FleetDirectory.co.uk and TheVanWebsite.co.uk to name a few.
For more information:
Contact: Faye Sunderland
Email: fayes@reallygooddomains.com
Telephone: 0161 482 7650
Really Good Domains
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