Drop In Leased Vehicles Proves Driver Ignorance

Monday, 19. October 2009

A report out this week shows a drop in leased vehicles of 10% this year. The reasons are fairly obvious with larger companies making redundancies and having to make better use of resources, fewer vehicles are now required.. One van can now do the job of two and one salesman can cover a larger area as a result of decreases in sales and customers. Having said that part of the drop has been picked up by new entrants into the lease market as consumers and small businesses start to understand the real benefits of leasing although much more needs to be done if we are to succeed in getting the message across. Our Friday FAQ offer was a BMW 325D which would cost £29,000 as a new car but on a lease over 2 years it costs £8,450 + VAT which includes the road fund licence. Of course you could buy a used car for £12,000 to £15,000 and lose this amount in depreciation and interest charges, as well as bigger service bills. I know what I would prefer to do! The time is right for people to look very closely at the way they fund their cars and potentially drive a great car whilst also saving money. Won’t be long before the launch of my blog and finally the mass of training videos that will help you to understand the best methods. By Graham Hill