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With over 5,000 models available its
impossible to list everything here!
If you can't see what you're looking
for please contact me for details. |
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Short, long, low or high, whatever
sort of van you need I've got the lot! Need
accessories such as roof racks or ply lining -
no problem, we can arrange to have these fitted.
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“A pleasure to
deal with. I will definitely be using VVL for any of our future vehicle
leasing requirements.” |
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Car
Leasing is generic term, but usually refers to 'Contract Hire' and
is basically the same as hiring a car for a week -
only it's for longer, normally 2 or 3 years! You
get a brand new car or van in a colour of your
choice with only delivery mileage on the clock.
You get
free delivery and collection from your home or
office* and every car comes with a full three-year
manufacturer's warranty, a minimum of 12 months
breakdown cover and road tax for the duration of the
agreement. You use the car exactly as if you owned
it - only without the hassle or expense!
Contract Hire agreements are based on an agreed
mileage, usually between 10,000 and 40,000 miles per
year. If you exceed the agreed mileage then an
'excess mileage' charge will apply. This is payable
at the end of the agreement and is usually somewhere
between 3p and 12p per mile. (To help with your arithmetic, 1,000 miles over the agreed
mileage, at a rate of 6p per mile, would incur an
excess mileage charge of £60.00.)
Vehicles need to be insured on a fully comp basis, but
anyone named on the insurance policy can drive the
car. It can be used for both business and pleasure
and can even be taken abroad (as long as you
bring it back again! - Nick).
On
a standard agreement YOU will need to arrange and
pay for the cars servicing and maintenance, which
needs to be done at the manufacturer's usual
intervals. However, most new cars go a minimum of
12,000 miles, and some up to 18,000 miles before a
service is needed, so maintenance costs will be
minimal. Any reputable garage can do the servicing
so you don't need to use an expensive franchised
dealer, although the franchised dealer will do any
repairs covered by the warranty free of charge.
We
can, if you really want, include a maintenance
agreement to cover the cost of services and
replacement tyres. This would be charged on top of
the standard monthly rentals. BUT - with longer
service intervals you could be paying out for a year
or more before you see a benefit. Frankly, we don't
think this is good value. Although other companies
will try to sell you a maintenance agreement
(because they earn extra profit) unless you're
driving a very high annual mileage we wouldn't
recommend it.
When
the agreement comes to an end the car will be
collected and you're free to lease another new car
or go elsewhere - simple. No hassle part-exchanging
or selling it yourself. No big 'balloon' or option
to purchase payment, just hand it back and walk
away!
Naturally, you are responsible for any damage to the
car that is more than just normal wear and tear.
Some customers who are new to car leasing are
concerned about this, however, there is no need.
The BVRLA (British Vehicle Rental & Leasing
Association) lay down an industry standard code
which stipulates what IS - and what ISN'T - fair
wear and tear. Basically this is just common sense
and I can genuinely say that disputes are unusual. |
Tax Benefits
Large companies have understood the advantages
of car leasing for years. Now every business
can enjoy the same benefits. Any VAT registered
businesses can claim back half of the VAT on
car rentals and all of the VAT on rentals
for vans and pick-ups.
A proportion of the rentals can also be
offset against taxable income. Since April
2009 the
proportion has been determined by the
vehicle's CO2 emissions.
For cars with emission up to 160g/km all of
the rental can be offset, whilst for cars
with emissions of 161g/km and above, 85% the rental can be offset.
Contract hire is an 'off balance sheet'
method of funding and helps
cash flow and budgeting with only a minimal
upfront payment, followed by fixed monthly
payments and no unexpected loss at the end
of the agreement. |
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If
your vehicle is damaged, then to minimise the
cost of repairs you could always get it fixed before
it goes back. Companies like 'Chips Away' and 'Dent
Devils' do a great job at fixing minor dents and
scrapes and very economically too. If you have any
concerns about what is or isn't acceptable damage
you can always call us to discuss.
So the
benefits of car leasing can be summarised as
follows:
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Brand new cars and vans with full
manufacturer warranties and breakdown cover. |
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Free delivery and collection. |
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Road tax included. |
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Low initial payment and fixed monthly
rentals. |
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No risk of unexpected depreciation. |
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Valuable tax benefits for businesses. |
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Low maintenance costs and no MOT needed. |
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No 'balloon' or final payment. |
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No hassle part-exchanging or selling the car
privately. |
*UK
Mainland only |