Audi TT

If you have trawled through loads of sites on the internet and want to compare car leasing quotes on a “like for like basis” it can be really difficult as many companies display cheap headline rentals without explaining the terms.

We always recommend you compare car leasing quotes on a like for like basis so here is the Comparecontracthire.com checklist;

1. Are you comparing on the exact same model?  – Look at the manufacturer recommended list price (basic price plus VAT) to make sure it is a current model year. Non-current models (old stock) may be offered to you, with different specifications to the vehicle you think you are ordering.
2. What are the payment terms being offered?  How many rentals do you have to put down and how many subsequent payments will you have to make?  – Bigger initial payments, followed by longer payment periods, will make the headline rental look much lower than it actually is.
3. Is there a document fee upfront and if so how much is it?  - Divide this fee by the total number of rental payments to see how much this adds to the monthly rental.
4. How long is the contract for? Rentals will vary depending on the term and generally the longer the length of contract, the less expensive the rental becomes.
5. What is the annual mileage allowance being offered? – The smaller the allowance provided the less your rental will be.  If you choose a lower contractual mileage, than your actual mileage, you will get an excess mileage bill when you send the vehicle back.
6. What type of contract hire is being quoted i.e. is it with or without full maintenance for example? - Make sure you know what is included in the contract and what is not.
7. Finally are you looking at the rental with or without VAT? - VAT will be added to any contract hire rental and your ability to reclaim this depends on your own company status i.e. VAT registered or not? If you are a private individual and opting for personal contract hire you should be looking at the rental including the VAT.

All the pricing compared on Comparecontracthire.com is shown on a like for like basis so you can be assured that our quotes are based on the same terms.

In a market where car leasing business opportunities are competitive, we recommend you look at the total cost of car leasing rentals, rather than the cheap headline rentals that some companies seem to be promoting at the moment. All the prices on Comparecontracthire.com are quoted with a three month initial rental, to ensure prices are quoted on a ”like for like” comparison.

If you see a rental at £199+VAT per month, check what the initial rental is, as you may find it is significant cost i.e. £1000 for example or even 6 months initial rental.

This equates to £1194 (6 months rental) plus 35  rentals x £199+VAT per month, which totals £8,195 +VAT you will end up paying over the life of the contract.

The equivalent rental on a standard 3+35 plan (38 equal rentals) would be £215.66+VAT per month (£8,195 divided by 38).

So the main tactics employed by some other companies seems to be asking you for a higher initial rental, advertising a longer duration than 3 years, charging a document fee, or offering a contract hire rental at  a low annual mileage, like 6,000 miles per annum.  All of these tactics reduce the ongoing monthly rental you will be charged and are just used to get you to contact the companies concerned.

In order to make sure you compare car leasing prices on a like for like basis we recommend you use the following checklist.

All rentals on Comparecontracthire.com, whatever the term or mileage you choose , are compared on a “like for like” basis.