Engines And Your Leasing Contract
There used to be a direct relationship between the size of an engine within a car and the cost of running that vehicle. In short the smaller the engine size, the cheaper that car would normally be to run.
But advanced technology and modern engine design has taken away the simplicity of that equation, with some manufacturers investing more into fuel saving than others, so it is perfectly feasible to have a manufacturer who has design an eco engine to offer a larger engine with lower fuel usage figures.
Fuel injection and other electronic gadgets also means the size of engine does not necessarily relate to the power output or speed of the car that could affect insurance rates. Diesel engine are becoming more popular and designed to levels not seen before the choice of engines for many models is greater than at any time before.
So when it comes to car leasing in general making sure you have the right engine to suit your needs and budget for running costs is more complicated than ever before.
Do You Want Power Or Economy?
This is probably the first question to ask. Taking time to understand each manufacturer’s data on each model will help with this answer. The figures you should be looking at will be BHP (Brake Horse Power) for power and MPG (Miles Per Gallon) for ecomomy that will tell you on average what type of miles you will get for every gallon of fuel to put into the car. Then finally the CO2 /gm per KM figure. This tells us how much CO2 or emissions that come for the vehicle and could directly affect how much road tax you will pay yearly and if you are a company car driver, how much BIK (Benefit In kind) you are likely to be accountable for in personal tax.
Leasing is no different to buying a car, often the real cost of ownership is the running costs rather than the cost of buying or leasing, so take the time to understand what is the best option for you, as often compromise is the best solution.
