The place to fill in one form and be provided with several of the latest offers, which are real quotes from companies based on your exact needs, not on outdated published prices. Leasebam understands that everyone has different requirements for a leased vehicle, low mileage or high, business use or private, basic model specifications or extra accessories, the differences goes on. So we see this service as a solution to help you find the latest offers, based on your requirements rather than the guess work that is often needed on published prices. We put you in touch with several brokers and dealers to get accurate quotes so you know what is available today, a real solution to find your ideal car.
Sample Of Recent Requests:
|Id. No 1109507, 10.49pm: PEUGEOT 308sw active: Diesel, 15000 miles, Private, 3 Years, No for maintenance, not white .|
|Id. No 1109506, 08.38pm: ROLLS ROYCE Phantom gt1: Petrol, 10000 miles, Business, 2 Years, Yes for maintenance, .|
|Id. No 1109505, 10.38pm: MERCEDES E Class Coupe AMG: Diesel, 15,000 miles, Private, 3 Years, No for maintenance, .|
|Id. No 1109504, 04.59pm: AUDI A3 Hatchback TDI: Petrol, 10,000 miles, PCP, 4 Years, Yes for maintenance, .|
|Id. No 1109503, 02.50pm: HYUNDAI i10 Hatchback iIo: Diesel, 100 miles, Private, 4 Years, No for maintenance, .|
|Id. No 1109502, 03.50pm: LDV Convoy gti: Petrol, 10000 miles, Business, 2 Years, Either for maintenance, .|
|Id. No 1109501, 01.43pm: MITSUBISHI L200 barbarian: Diesel, 25000 miles, Business, 2 Years, Either for maintenance, hardtop back canopy required .|
|Id. No 1109500, 08.28pm: VOLKSWAGEN Polo Hatchback Twist: Petrol, 10000 miles, Private, 2 Years, Either for maintenance, .|
|Id. No 1109499, 04.20pm: NISSAN Navara gti: Diesel, 10000 miles, Business, 2 Years, Yes for maintenance, .|
In some ways it can be seen as a long term hire agreement, where the customer gets to drive the vehicle of their choice for a set period of time. They would normally pay for the vehicle with an initial deposit and then a monthly payment for the period of the policy. In fact a "Contract Hire " agreement will be the most common form of way of using a car in this way.
If it were normal for that customer to pay cash for their vehicle, choosing a contract could mean that money could be left in the bank (or used for other purposes) as payments are then spread over the period. It is also common for monthly premiums to be less than borrowing any money to buy the car outright, as car premiums are normally calculated to cover the depreciation on the vehicle not the whole amount of the vehicles worth. Businesses can lease cars and apply the costs of the vehicle as a business expense depending on how much the vehicle is used for business and private. Typically a small business can claim all the ex vat rental cost back as a business expense, but only claim 50% of the VAT back, if the company car is also driven home, or used in any private way.
Keeping money in a business can have a far better benefits, than using it to buy a car, so it is common for many SME's and larger companies to use vehicle leasing as a way to drive newer better transportation and keep the cash flow, or marketing investment. Of course the right car can help present the right image for the business too.
First you never get to own the vehicle, although there are some schemes that allow you to buy the vehicle at a pre-agreed price afterwards and if a customer drives more miles than agreed or does not look after the car with agreed maintenance, there can be extra costs. Business employees who use a company car as part of their work and drive it home or use it privately (this could also be a business owner) will be liable to a Benefit In Kind Tax that is now based on the emissions and value of the vehicle, rather than business mileage.
Well first it is worth getting professional advice or certainly researching the subject more if you are unsure about the complete process. It's fair to say that those who choose PCP (Private Contract Purchase) or a private lease contract are likely to pay more in the long run than if the car was bought outright, as there is interest on payments added and sometimes admin charges etc. But factoring cheaper fuel and road tax cost with a newer more fuel efficient vehicle may help to offset this. There are more German Executive cars sold on contract hire agreements than bought, it is no coincidence that certain German manufacturers keep BIK payments' down by producing low emission engines.