Ssssh don’t say the ‘d’ word
Depreciation – what exactly is it and how can leasing a car avoid it?
Depreciation is quite simply put the difference between the amount you spend when you buy a car and the amount you get back when you sell or trade it in.
For example if you were to buy a brand new Range Rover Evoque you’re looking at a price of around £50,000 – sell it after three years and you can expect a figure of around £32,000 (depending on condition, mileage, specification etc.)
The Evoque is a car that commands pretty good resale value – for some vehicles they can lose up to 70 or 80% of their new price in three years.
According to stats for the AA a new car loses value as soon as you drive off the forecourt and by the end of the first year will have lost around 40% of its value. By year three, if you drive 10,000 miles a year, the average car will have lost around 60% of its value!
For many people though, driving a brand new car that has zero miles on the clock and that ‘new car smell’ is essential. We agree! There’s nothing quite like brand new, but you don’t need to face losing thousands of pounds to get that feeling.
This is where leasing comes in.
Currently only around 10% of cars on the UK’s roads are leased by individuals so that means 90% of you are missing out on the benefits and not having to worry about depreciation is one of them!
Of course you won’t own your leased car but it will be brand new when it’s delivered, it will be yours for three years and after this time you can simply hand it back and start all over again, leasing another brand new car.
Once you’ve chosen the make and model that suits your lifestyle, and your purse strings, you make an initial payment (usually the equivalent of 3 or 6 monthly payments) plus a standard admin fee and then monthly payments are spread over the term of your contract. No hidden extras, no worries about depreciation just a fantastic brand new car for you to enjoy.
We hope we’ve made you curious to find out more – so why not take a look at our deals today http://wwwhttp://www.carcontracthire.com/car-contract-hire-offers.aspx.carcontracthire.com/car-contract-hire-offers.aspx
Think leasing a car is just for your parents? Think again!
Car leasing is a cool option for younger drivers.
Perhaps the ‘traditional’ view of car leasing was that it’s for “Mr. Business” and that a hefty 5-door ‘wagon’ was all that was on offer.
From nippy Nissans and smart…Smarts, leasing a great first car for as little as £100 a month is a reality with CarContractHire.com
So just what makes leasing a good option for 20-somethings?
- New; you're driving a car which is never more than three years old. And you can have a new car every three years.
- Budgeting; you know what your monthly car costs are going to be. Especially if you choose the maintenance option
- Helping your credit profile – leasing a car helps to make you visible. One of the biggest reasons for personal leasing declined credit is failing to trace the applicant!
- Lower cost; when you buy a car you're buying the entire car, with leasing you're not so you pay a lot less.
- Peace of mind; with leasing you don't have to worry about what happens to the car after three years, it simply gets collected.
- Choice; with a lease company they are not trying to sell you a specific make or model. You can choose whichever you want.
- Simplified cost; your monthly cost is just one payment covering the car, servicing, road fund license.
One of our current hot offers is on the ever-popular Fiat 500. The 1.2 Lounge is a great little 3-door hatch. Available now in a range of colours including Pasodoble Red and Tech House Grey you can really express your personality with this little car. One review said the Fiat 500 is, “Surprisingly roomy for its size, has trendy retro looks and is easy to drive.”
Check out the deal today:
Spring has sprung - time to get the roof down?
Britons are some of Europe’s greatest convertible car enthusiasts, despite our less-than-suitable climate. Here in the UK we get very excited when the mercury hits the dizzy heights of 20c - the beaches are invaded by the masses, the shorts and flip flops make an appearance and there’s a sudden abundance of cars driving around with their roofs down.
So, now we’re coming into spring with the hope of long, hot summers days just around the corner, does the thought of driving down country lanes with the wind in your hair appeal? Convertibles have come a long way since the cloth-roofed versions that left you with damp seats and noise-induced hearing loss - but there are still things look out for if you are considering leasing one for the first time.
CarContractHire.com ‘Top Tips’ when leasing a convertible car
1) Stick to a standard colour - don’t be tempted to go for ‘August Sunrise’ orange.
2) If you are interested in the economy of the car, check out its performance with and without the roof up - it will vary.
3) Think about the boot space - many hard-top roofs retract into the boot of the car so check the space with both the roof up and down
4) Invest in a wind deflector - for noise and hair styling purposes!
5) It seems obvious but test drive the car with both the roof up and down.
CarContractHire.com currently have great deals on the Mazda MX-5, Mini Cooper, and BMW 218i convertibles saving up to £56 per month! There is only limited stock available so visit the site now for more details.
ESSENTIAL GUIDE FOR EMERGENCIES
You’re tired, stressed, and you’ve had a long week at work. You want nothing more than to race home and relax. Don’t worry we know you’re not the sort of person to drive home over the speed limit, but we have compiled a list of some other surprising things that could prevent you ending up in a dreaded emergency.
• Be careful about playing fast, upbeat music on your way home. The pace of the music may cause you to drive faster which means you have less time to react to what’s going on in front of you!
• Start scanning the horizon ahead of you. Focusing on the bumper in front of you means that you’re putting your trust in a driver that you don’t know. It’s much better to trust yourself and watch the road ahead so you can anticipate any potential problems.
• Keep your headlights on all day, whether that be on the school run or coming home from work. Human vision is light-seeking so keeping your headlights on means that pedestrians and other cars are more likely to see you coming.
Other good precautions to take are:-
• Make sure you don’t have too many objects lying around in your car. If you find yourself in a high speed accident these seemingly harmless objects could act as missiles.
• Make sure you always have your mobile in your pocket when driving. You never want to be in a situation where you can’t reach your phone to call for help.
• Always have your phone fully charged! If you do remember to keep your phone in your pocket, it’s not much use if it’s only on 1% battery.
• In an emergency make sure you don’t jerk your steering as it could cause your tyres to lose traction and spin the car. Instead you should aim to steer smoothly.
Ok we don’t mean to sound like your mother, but whilst we are talking about how to stay safe.. make sure you always have enough sleep before driving and make sure you take regular breaks. Finally, if in doubt don’t pull out. It might be tempting to squeeze into that space but it’s not worth risking your life over. Happy and safe driving!
Basic car maintenance – tyres
One of the main benefits of taking out a maintenance plan when leasing a car are no nasty surprises! You won’t have to worry about finding an extra few hundred pounds to fund your car’s annual service, and any associated costs through general wear and tear. A monthly payment means you know exactly what your car is costing you, this can prove great peace of mind for many.
However, it is important to take good day to day care of your lease car – one of the most important aspects of vehicle safety is checking your tyre pressures and tread depth on a regular basis.
We’re sure there’s lots of you reading this thinking “I can’t remember the last time I checked”…don’t worry, we’re not here to ‘wrap knuckles’ but do take two minutes to read our advice and then get outside and give those tyres a check.
Let’s start with the easiest check that you can do right now, in your driveway or parking space.
Checking tyre tread depth
A quick and easy way to see if your tyre tread exceed the minimum legal tread depth is to take the 20p test. Simply place a 20p coin into the main tread grooves of your tyre. If the outer band of the 20p coin is obscured when it is inserted, then your tread is above the legal limit.
If you drive with damaged or worn tyres you risk being fined and of course you are compromising the safety of yourself, your passengers and other road users.
Checking tyre pressures
First things first, you need to know what pressure your tyres should be – check on the inside of your fuel cap, the inside of your door or your car’s manual. A guide will show you recommended pressure. Make a note of this and then
A pit stop to your local fuel station is required here to use their pressure gauge. Take off the cap on the valve, fix on the pressure gauge and take a note of the result. If your tyre needs extra air, you should inflate it.
Your car is your responsibility and building in a few minutes to check your tyres is essential.