Car Leasing News

Used Car Expert, the leading used car magazine, has undertaken an analysis of the depreciation of small family hatchbacks (1.6-litre petrol or comparable engine) and has discovered some interesting results. They looked at the resale value of three year old values against their new price, with 30,000 miles on the clock.

They found that many new car buyers will have lost up to 50% of their money in this time. Depreciation is never on most people’s minds when they buy a new car and this is why business car leasing is becoming more popular with many small businesses, as the risk around depreciation is with the vehicle leasing company.

• New car prices are an approximate guide price of the price paid for a new car 3 years ago

Car Buyer Survey

A new Car Buyer Survey has been launched and is aimed at any consumer who is looking at buying a new car. The independent Car Buyer Survey is not a marketing survey and the findings will be used to inform UK Government and EU policy.

If you want to participate in the survey you must have either purchased a new or nearly new car (up to 2 years) old in the last 12 months, OR be a car owner intending to buy a new or nearly new car (up to 2 years old) in the next 12 months. The survey will take about 10-15 minutes and will focus on your recent or future car purchase. Once completed you will be entered into a draw with a top prize of a £250 Amazon gift voucher with three runners-up each receiving a £50 gift voucher.

The survey link is http://live.carbuyersurvey.co.uk

However before you buy your next car don’t forget to look at the car leasing versus car buying page to make sure you are fully informed about your other options.

HPI, the UK’s leading source of motor vehicle information, has warned used car buyers to beware of the growing number of used cars that are being clocked. When it comes to vehicle type, 22% of small cars top the clocker’s list, 15% for compact executive cars and just 3% for MPVs.

Nicola Johnson of HPI said,”Our analysis shows that clockers are avoiding the high end vehicles and concentrating on the every day vehicles. The relative ease of clocking these vehicles combined with the sheer volume being sold represents the quickest buck for them and the biggest risk to the consumer”.

Ms Johnson went onto say,”Worringly clocked vehicles may also represent a safety concern. Vehicles with incorrect mileages may have also missed important services and part replacement dates, making them unreliable and potentially un-roadworthy”.

8 out of every 100 cars checked by HPI show a mileage discrepancy so here is the HPI checklist to  make sure you can spot a potentially clocked vehicle.

1. Check the service history and look for mileages and stamps from genuine dealers.
2. Speak to the previous keeper to ask them the mileage when they sold it.
3. Trust your judgement – look for any evidence of clocking i.e. was it registered to a company yet has only done less than 12,000 miles per year?
4. Check the mileage – it has been know for clockers to wind back the mileage when you first view the vehicle and then wind it forward again to the correct mileage when you take delivery.
5. Look for signs for wear and tear – does the wear and tear on the vehicle match its mileage i.e. worn seats?

Buying  used cars can be a stressful process so before you buy a used car why not look at leasing a brand new car? The pros and cons of doing this are highlighted on the car leasing versus car buying  useful information page. You might be surprised by what you can for your money.

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The Audi A5 2.0-litre TDI SE Start Stop diesel coupe is available now on Audi car leasing from £377.84+VAT per month. This comfortable, stylish, executive coupe returns 55.4 combined mpg and emits 134g/km CO2 emissions, making it an ideal executive company car.

The Audi car leasing terms are based on the following;

- Business car leasing on a non-maintained contract over a three year term at 10,000 miles per annum.

- 3 months rental in advance followed by thirty-five subsequent rentals (38 equal payments in total)

- “With maintenance”, metallic paint and other vehicle options can be added at an extra cost.

- The image shown may not represent the exact model.

VW Polo BlueMotion

The new Volkswagen Polo BlueMotion hatchback is now available offering a remarkable 80.7 mpg on the combined fuel cycle while only emitting 91 g/km of CO2 emissions. The secret behind this is the all-new 1.2-litre TDI three-cylinder common rail diesel engine coupled to an automatic Start/Stop System. Other technology to improve the efficiency of the car includes a longer gearing via the five-speed manual gearbox and regenerative braking.  

The car also gets some cosmetic changes that also improve fuel economy, including bespoke bumpers, side skirts and an extended roof spoiler plus 15-inch “Greenland” alloy wheels with low resistance tyres.

Standard equipment includes manual air-conditioning, cruise control, ABS and four airbags, ESP (Electronic Stablisation Programme) and a leather steering wheel. The car accelerates from 0-62mph in 13.9 seconds and onto a top speed of 107mph. Volkswagen car leasing prices for this new model (three and five door) will be loaded shortly.

New Polo GTI

Volkswagen has released the details about the new Volkswagen Polo 1.4-litre TSI GTI which is set to continue the tradition from the original G40 Coupe of 1986. The new Polo GTI has a keen focus on performance with its supercharged 1.4-litre TSI engine producing 180PS and accelerating from 0-62mph in a remarkable 6.9 seconds and onto a top speed of 142mph.

New Polo GTI

Fuel economy is good at 47mpg on the combined fuel cycle and with emissions at 139g/km it is bound to appeal to a company car driver who wants good looks, great performance with an efficient engine too.

The TSI engine is linked to a seven speed twin-clutch DSG gearbox that channels power through the front wheels. The new car is also fitted with an XDS Differential system, an electronic traction control system, which is part of the ESP system.

The Polo GTI also gets a new front bumper with airdam and GTI badge plus optional daytime running LED lights, with subtle sill extension wraps around the lower edge of the body. At the rear the car gets a new bumper and chrome-tipped twin exhausts plus a GTI badge, replacing the Polo badge.

Standard features include 17-inch alloy wheels, red brake calipers, flat bottomed GTI steering wheel with gearshift paddles, sports seats and aluminium pedals. The new Polo GTI will arrive in the summer and Volkswagen car leasing prices on this new model will be available around then.

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Mazda car leasing for the Mazda Mazda6 2.2d TS (125bhp) 5-door diesel hatchback starts from only £235+VAT per month. This is a lot of car for your money and this economical hatchback returns 51.4 combined mpg and emits only 147g/km of CO2.

Mazda car leasing terms are based on the following;

- Non-maintained business car leasing over a three year contract at 10,000 miles per year – total 30,000 miles.

- Only three month rentals in advance followed by 35 subsequent rentals.

-  This totals 38 equal payments

- “With maintenance”, metallic paint and all other accessory options can be added to your vehicle at an extra cost to the rental shown above.

-  Please note the image we have shown may not represent the exact model.

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Audi car leasing for an Audi A3 1.6 TDI (99g/km) 3-door diesel hatchback starts from only £209+VAT per month. This remarkable car has a sub 100g/km CO2 figure and also returns a superb 74.3 mpg on the combined fuel cycle. If you are looking for a great brand with great fuel economy then the Audi A3 is an excellent option.

Audi car leasing terms are based on the following;

- Non-maintained business car leasing over a three year contract at 10,000 miles per year – total 30,000 miles.

- Only three month rentals in advance followed by 35 subsequent rentals.

-  This totals 38 equal payments

- “With maintenance”, metallic paint and all other accessory options can be added to your vehicle at an extra cost to the rental shown above.

-  Please note the image we have shown may not represent the exact model.

Sparkle with a "Sports" Tag

Chevrolet is offering themed “tags” to its new Chevrolet Spark in Pop, Urban or Sport themes. The cost for this option is £199 which includes matching floor mats.

The three graphics offer a unique distinctive look for the new Spark and will appeal to anyone wanting to stand out in the crowd. The “Sports” Tag, as pictured, has twin racing stripes over the bonnet, roof and tailgate plus matching side graphics. Chevrolet car leasing on the Spark is available now and starts from £139.22+VAT per month on non-maintained contract hire, over three years, 10,000 miles per annum on a 3+35 payment profile. The cost of the tag will be extra to the rental quoted.

The Finance & Leasing Leasing Association (FLA) has reported an increase in people who are fraudulently selling cars that they do not own, which is otherwise know as “conversion fraud”. HPI is warning car buyers that if you purchase a vehicle with outstanding finance, that you stand to lose the car and the money you paid for it, if it has outstanding finance. They are recommending that before buying your used car that you run an HPI check. 

However before you buy a new car it is worth considering car leasing as an alternative option as you might be surprised at the type of new car you can get for money. There are many pros and cons of buying a car and it pays to evaluate all your finance options. Dealing with a reputable leasing company is also always recommended.