New Avensis: appealing residuals and cost of ownership

The new Toyota Avensis is primed for strong performance against its leading market rivals in terms of holding its value and costing less to run for company car drivers.Figures released by CAP Monitor show new Avensis outperforming both the Ford Mondeo and Vauxhall Insignia when it comes to value retained after three years/60,000 miles, making the Toyota a compelling proposition to fleet managers when it goes on sale on 1 January.For example the Avensis TR 2.0 D-4D 130 will retain 35 per cent of its value after three years/ 60,000 compared to 31 per cent for the Vauxhall Insignia SRI 2.0 CDTi and 29 per cent for the Ford Mondeo Zetec 2.0 TDCi.New Avensis delivers concrete benefits when it comes to ownership costs, too. Thanks to the application of Toyota Optimal Drive technologies, engine performance and efficiency have been significantly improved across the range, giving lower fuel consumption and reduced CO2 emissions – from as low as 134g/km for the TR 2.0 D-4D saloon. This in turn brings reductions in benefit-in-kind taxation and overall running expenses compared to the current Avensis range, giving the Toyota a highly competitive position against rival models such as the Insignia and Mondeo. On a cost-per-mile basis, the new Avensis TR 2.0 D-4D even works out cheaper than Ford’s Mondeo Econetic.Independent Carcost data, 27 November 2008, based on three years/60,000 miles. Monthly cost based on residual value; fuel; service maintenance and repairs; finance; insurance; and NI contribution. Independent Carcost data Avensis TR 2.0 D-4D monthly cost works out at £703 and a total cost of £25,308 based on three years/60,000 miles. Monthly cost is based on residual value; fuel; service maintenance and repairs; finance; insurance; and NI contribution. Compare this to leading rival, Volkswagen Passat Highline 2.0 TDI with a monthly cost of £783 and a total cost of £28,224.While the new Avensis is even an improvement on the old. The new Avensis TR 1.8 Valvematic with 154g/km CO2, OTR price of £17,470, attracts BiK tax of 18 per cent which costs £1,263 a year compared to current Avensis TR 1.8 VVT-I with 171g/km CO2, OTR price of £17,360, 22 per cent costs £1,508 means that the new Avensis will save you £245 a year.Richard Balshaw, General Manager for Toyota Fleet said; “The announcement of these residual values by CAP Monitor and the evidence of the cost of ownership comparisons reinforce the strong message Avensis can present to fleet managers as a highly competitive all round package. And that is all in addition to hallmark Toyota quality and reliability, superior equipment specifications and real driver appeal.”To search for Toyota Avensis leasing deals, see ContractHireAndLeasing.com.

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