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Sometimes when you are searching for your next company car you might not pay attention to the contract hire rental payment terms, as the headline rental might seem just too attractive to miss. However it is really important to check the initial rental and the number of subsequent payments as you may end up paying more.

For example a Peugeot 107 1.0 Urban hatchback 5-door is on offer on Comparecontracthire.com on business contract hire from £110+VAT per month. The terms of the offer are based on a 4-year contract, 10,000 miles per annum, non-maintained, on a 3-month initial rental followed by 47 subsequent payments.

In total you would pay £110+VAT  x 50 payments = £5,500+VAT.

Let’s say this car is advertised elsewhere for £99+VAT per month. Looks a much better headline rental but the initial rental could be £999+VAT, followed by 47 payments at £99+VAT per month.

In total you would pay 47 x £99+VAT= £4653+VAT + £999+VAT (initial rental)= £5,652+VAT

That’s £152+VAT more over the life of the contract as the rental payment terms have been structured to advertise a cheap headline rental.

So when looking at prices on the internet it’s always worth checking the rental payment terms if comparing contract hire quotes. All rentals quoted on Comparecontracthire.com are advertised with three rentals in advance, however other payment terms are available on request from our car finance partners.

Peugeot 5008

Peugeot has recorded strong sales in April as they approach their 200th anniversary this month. The UK car market was up by 11.5% increase in April, however Peugeot recorded an impressive 21.6%, with strongest sales for its HDI diesel models which were up 53.4%.

This growth was a combination of both retail and fleet customers and two models in particular, the Peugeot 3008 (What Car? Car of the Year 2010) and the Peugeot 5008 (What Car? MPV of the Year 2010), were strong sellers. Peugeot has sold nearly 6,000 models of the Peugeot 107, 207, 308, 3008 and 5008 in the first four months of this year.

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You have a budget and want a small city car to nip round town that is also pretty economical? The Peugeot 107 hatchback could be the answer. Peugeot contract hire prices for the Peugeot 107 1.0-litre Urban Lite 3-door hatchback start from just £133.51+VAT per month. Fuel economy is good with 62.7mpg and only 106g/km CO2 emissions.

The Peugeot contract hire terms are based on the following;

- Non-maintained business contract hire over three years at 10,000 miles per annum.

- Three rentals in advance followed by 35 subsequent rentals. (38 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.

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Fancy something economical to drive round town? Well how about a Peugeot 107  1.0-litre Urban Lite 3-door hatchback business car leasing from only £119+VAT per month? This nippy little city-car does 62.7 mpg on the combined fuel cycle and emits only 106g/km CO2.

Terms for this Peugeot 107 business car leasing offer are as follows;

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

- 3 rentals in advance followed by 35 subsequent rentals.

- You can add “with maintenance”, metallic paint and other options at an extra cost.

Peugeot 107 winner

Peugeot has presented Scott Brooks, 18 from Southam,Warwickshire, with the keys to a new Peugeot 107 at the Peugeot headquarters in Coventry.

Scott was the winner in the third “Coventry and Warwickshire Young Driver of the Year” competition. From the hundreds of competition entrants, 50 drivers ended up being short-listed and then attended a driving assessment day at MIRA in North Warwickshire. The top 12 qualified for the competiton final and Scott won the day with his assured and confident driving.

Scott said,”I’m so pleased I entered the competiton. I’ve won a fabulous brand new Peugeot 107, had a lot of fun on the driving days and got some really useful advice and feedback on my driving from the MIRA and IAM instructors.

The recession is continuing to have an impact on used car depreciation, with the values of small fuel efficient city cars, now outperforming prestige brand saloons and 4×4′s, reports Glass’s Guide. Vehicles in the city car segment include the Ford Ka, Peugeot 107 and Toyota Aygo are now the slowest depreciating in the UK, retaining an average of 49.5% of their purchase prices after three years and 36,000 miles.

Comparitively low costs have also elevated cars in the supermini sector for example the Ford Fiesta and Volkswagen Polo as well. Adrian Rushmore, Managing Editor at Glass’s said ” Small and supermini cars are the residual value kings of the used car market, a position they are unlikely to relinquish in the foreseeable future”. Luxury saloons have been the biggest casualty in Glass’s Top 10 rankings.

One of the benefits of contract hire leasing, is you are protected from falls in resale values. The residual value is the biggest factor determining what the contract hire rental will be. To see the impact of depreciation on cars, try the £ shopper. You might be surprised to see what you can get for your money.

Peugeot tops European sales for low CO2 vehicles

Peugeot is leading the way in sales of low CO2 vehicles. In 2008 one in six vehicles sold in Europe and in the UK with a CO2 emissions figure, of less than 121g/km, was a Peugeot. The whole Peugeot range features 36 vehicles with less than 121g/km output.

The best selling sub 111g/km in the UK in 2008 was the Peugeot 107 which now emits only 106g/km. The 207 and 308 also featured in at fifth and ninth respectively, (three cars in the top ten of all cars for sub 121g/km), placing Peugeot at the top of this combined category with 18.6 % of all UK sales.

Christian Stein, Marketing Director at Peugeot UK, said ” Peugeot has long held a commitment to reducing the environmental impact of its vehicles and these sales statistics for 2008 show us to be at the very top as the leading low CO2 car company, both in the UK and  across Europe”.