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

Hyundai ix35

One of the leading industry publication’s, Automotive Management, has awarded Hyundai the title of “Carmaker of the Year” after a panel of leading motoring experts assessed Hyundai over rivals like Ford, Land Rover, Jaguar and Kia.

Hyundai ix35

Hyundai’s UK managing director Tony Whitehorn said,”We’re delighted to win Carmaker of the Year. 2010 is set to be a very promising year for us and this award proves we are a brand that people are noticing. We are about to launch our new ix35, which is set to become our flagship model in the UK which will further increase awareness of our brand.”

Kia Picanto 1

The Kia Picanto 1.0 1 5-door hatchback is on the site on Kia business car leasing from £107.00+ VAT per month. This economical petrol car offers 58.8 mpg on the combined fuel cycle and emits only 114g/km CO2.

The Kia business car leasing offer is as follows;

- Non-maintained business car leasing over three years at 10,000 miles per annum.

- 3 rentals are required in advance followed by 35 subsequent rentals.

- Metallic paint and other options are available at an extra cost.

Kia GDI engine

Kia has constructed its own Gasoline Direct Injection engine based on the new Theta II family of units that will power the next generation of Kia vehicles.

GDI lowers CO2 emissions while raising power and improving fuel economy and this new unit has been developed with Hyundai. The first engine will be a 2.4-litre four cylinder GDI engine and is expected to appear in Kia models (in the UK) by 2011.

Used Car Expert Magazine has revealed the top 5 best and worst performers in 4X4 vehicle depreciation over a three year period. Depreciation is the biggest cost to a motorist and when you buy your vehicle this is something you may not really consider.

That is why contract hire is such an attractive option as the risk on depreciation is with the leasing company, not you. This is also why a car that costs more to buy may actually have a lower rental on contract hire.

Here are the findings from Used Car Expert:

The “Kia Motors’ Cleaner Driving” report has revealed that UK motorists spend more than two days each year (49.5) stuck in stand-still traffic. They also found that the average Brit will spend 91 days of their working life grinding to a halt trying to reach their workplace.

The headlines of the Kia report are:

-Two-thirds of drivers (66%) admit to speeding when the traffic clears up to make up the time.

-62% of drivers get angry when they hit queues.

-33% admit having experienced road rage in heavy traffic.

-One in five (19%) have suffered a bump or accident on route to work.

-44% are regulary late for their work due to traffic congestion.

However the report also found that 30% of motorists have ruled out public transport due to inconvenience and 72% said they value the privacy and space travelling to work in their car.

Kia Soul

A Kia dealership in Loughborugh recently hosted a visit from a uniquely designed Kia Soul, by Jeff Banks the fashion guru.

The car was remodelled around a Kia Soul Samba in Tornado Red and has red alloy wheel, racing seats, red LED mood lighting and an in-car cinema system as accessories to the vehicle, plus Jeff Banks crest features on the roof of the car and the tailgate.

Kia Cadenza

Kia Motors Corporation has released the first image of its new stylish saloon,the Cadenza. This all-new luxury saloon will make its debut at motor shows across the Middle East towards the end of this year.

The Cadenza has a bold headlamp design with LED surrounds plus a prominent grille and attractive tail-lights. Luxury features include heated steering wheel, power extendable seat cushions, automated defogging of the windscreen and ventilated front seats to cool you down on a hot day.

Currently Kia has no plans to bring this car into the UK, but the model shows that Kia is developing its design-led philosophy across all parts of the globe. Next year Kia will be launching the Venga and all-new Sorento.

Kia Soul

The Kia Soul has won a class victory in the under £16,000, 2010 Caravan Club Towcar of the Year Awards. The entrants are tested at the Millbrook Proving Ground and the evaluations cover hill starts, acceleration, braking capability and towing ability. In addition, a team of caravan specialists then evaluate the cars in some suitability tests, in everday caravanning situations. 

The judges said, “The Kia Soul Shaker gives a spirited performance, has a usable bodyshape and promises low running costs. As a towcar for small caravans or trailer tents, Kia’s hatchback is a worthy winner”.The Kia Soul has a braked and unbraked towing capacities of 1,300 kg and 550 kg respectively, with a ball weight of 52kg.

Inchcape, one of the UK’s largest automotive retailers, has provided Comparecontracthire.com with their latest car and van vehicle availability guide.

The two options you have is to take a stock vehicle (located at a dealer) or if you want a bespoke car or van to your own vehicle specification, then you will have to place a factory order. The guide below is just that, a guide, however it should provide you with an update on which models are hard to get hold of at the moment.

Once you have chosen your car or van, if you decide you want to contract hire the vehicle, the relevant contract hire partner on the site will advise you on your vehicle delivery options.