Many choose car lease because it keeps money in the business and there are some benefits of claim vat back as well as other costs. But there are rules that determine what amount of VAT you can claim back, for example do you use your lease car for work or both work and pleasure.
The difference is being able to claim back 50% of VAT of 100%. The simplest way to figure out is your company car for business or both is, where is your lease car parked at night? If you or an employee takes that vehicle home at night, it will be declared as a vehicle used for both personal and business use even if the car is parked and brought back to work. This is because the journey to and from a fixed place for work, is deemed as personal use.
It is important to find out what your VAT liabilities and benefits are before entering any car lease or contract hire deal, as many liabilities are in place to ensure the company car does not become a free perk.
For VAT registered businesses the reaturn from 15% to 17.5% should not make any difference, considering they should be able to claim the vat back on monthly payments if the CO2 emmission of the car is low enough. But there may be a question on how the current price increase of cars in general 2.5% more, will effect the motor trade as a whole and the underlying residual values of the vehicle you may be wanting to lease.
Car lease prices are not seperated from the private buyer. In better words is there are plenty used cars to go around, then residual values drop and so monthly car lease premiums go up. If there is a shortage of used cars the opposite occurs. The availability of used cars is directly erlated to the sale of new ones and the amount of trade ins the dealerships get to dispose of.
In simple terms if the increase in VAT slows down new car sales again, it is likely that used prices will remain high or even rise further, pushing down car lease premiums.
For private lease searchers there may be no benefits, as private purchases have to pay full vat and so monthly premiums are set to rise. but business owners may get an even better deal on business lease should new sales slow down again. Of course the scrappage scheme has been extended so, this will stimulate new car sales, but we are finding it is the cheap korean cars that are benefitting the most form this, not the typical Audi, BMW executive market.
Here is a new way to sell your car car products, stick them on You Tube and claim these products will reduce your car lease penalties when you return your car. These products are designed to remove scratches and make your leased car look lilke it has just come from the showroom, rather than returning it there. It is a good and unique idea and possibly true, although I doubt any real damage will be covered up and I would suppose that teh residual value of the vehicle would have been calculated with normal usage in mind, not a perfect car. Any way here is the footage. Even if you do not buy this stuff, maybe you should consider waht condition you will be returning your leased car.
What a great video taking the mick out of Americans stating they need training on how to use lings website. This will be posted around the globe and great marketing tool for the mad china women (her words not ours). This is something other car lease companies need to emulate, and porbably quite simple with animation. Of course ling became semi famous with here appearance on Dragons Den and her claims to have the cheapest car lease deals in the country ( abrave claim, subject to challenges). Anyone who is tarhet online car lease leads will need to treat lings cars with respect as the marketing is creative and fun. An alternative to lings cars is Leasebam, which does not publish prices, but allows real people quote with real prices. not as much fun but more business like for those who want to save time, save money and have a little more sanity in their business arrangements.
There is 2 ways to buy car lease, either direct from the official brand dealership or from broker. Both can have different benefits depending on the deals at the time. You would assume that the car dealersip who buys the cars would and should always have the best car lease deals, but that isn’t always so. Often a car lease broker can buy a car from the same dealership add his commission and then get a finance comapny to underwrite certain cars cheaper than the main dealer. Often this is because dealerships are controlled by national conditions and prices and have to use certain finance companies to get kick backs, where the small broker company can find finance cheaper and pass those deals on to the consumer. It is ironic that some main dealers will lend out cars to brokers for shows and business fairs.
However when a main dealer wants to deliver a lease deal, they often then can’t be beat. After all they have the ability to reduce the retail price of the car first, then throw in cheaper serviceing etc, however for some makes this rarely happens. There are certain makes though, that have too many cars in storage and the dealers are instructed to give whatever deal they can to assure sales, in this case brokers struggle to be competitive.
There are several reason why you might want to lease a car in business, but sometimes the vehicles you lease play a greater part in its sucess rather than just driving around salesmen or directors. One such business is the new fashion of driving instructor training, where you learn the skills to teachs others to drive, one such school is based in Teesside called Clearway. Having new modern cars to do this training, not only helps with the brand and image of Clearway, but having modern cars with lower fuel emissions can keep costs down too.
The car chosen to to driving instructor training is the same models these qualified teachers will lease to teach their students when they have passed their exams and are qualified is the Citroen C3. Clearway have these all painted in the correct colours to represent the brand. They chose a local Citroen C3 car lease supplier to purchase the cars, and because they lease in great quantities get a good deal and have access to local servicing etc.
You need to be careful with lease deals when yo may cover some serious mile n the vehicle you lease. make sure that you dont under estimate your milages or you could end up with a hefty final bill.
The Seat Leon could be classed as a cheaper version of the VW golf, with the same engine and much of the same engineering. Of course VW owns Seat which is a Spanish brand and has brought everything whch is good with VW to the brand. As far as styling goes, there are some that think the Leon looks better than the Golf, and it does look that bit longer making the view from the rear window a bit restricted. In later years they have added their new ECO range of cars, comparitable to the blue motion range from VW, making the Seat brand a serious contender for car lease with businesses.
The Seat Leon looks better than most cars in its class, especially when supported with alloy wheels and the hidden handles in the rear windscreen.
If you are looking for Seat Leon Lease take a look here and don’t forget the review video below from Motors co uk.
It is not meant to be cute, is a quote from this review of the Dodge Caliber from Kelley Blue Book series. The Caliber is a replacement for the Neon and not only looks better, but is more practible too. It suffers from ride handling and the trim and seats are not up to Japanese or German standards, but when you condsider the lease prices on Dodge vehicles, you may start to look at the Caliber as a consideration.
Whether the Dodge Caliber is right for you will probably come down to your lifestyle and what you want from the vehicle you drive. If you are looking for space as well as passengers added extras such as drinks cooling departments and a high driving postion, then the Dodge Caliber fits this very well. However if how you fel when you drive a car is more important, or are only ever in the car yourself and care about the badge you drive, then maybe something German is more your cup of coffee.
The Dodge Caliver review is from the Kelley price books from America. We have published it here beacuse Dodge currently have some excellent car lease deals, to get their cars from storage on to British roads. You are liely to get a Dodge Caliber car lease deal forn under £200 a month at the time of writing, probably direct from a dealer than a private lease company.
As some will know Leasebam is a car lease site that gives cutomers choice on their car lease deals from several vehicle suppliers. They have created theri new video that explains exactly what Leasebam is all about, although maybe a bit long.
It does desribe the benefits of search for car lease through a site like leasebam that does not publish any out of date or exagerated car lease prices
Again another opinion from the USA, as a business should I lease or should I buy my next car. Thsis is a very simple message, it depends on how many miles you do with yoru car and how long you like to keep your car. In better words if you drive your cars to the ground, then buying is probably the best solution, however if you like to change your car every 2 to 3 years then car lease could be the way to go.
Another piece of advice on this video clip, is to consider a car that maybe is 2 years old. This way much of the depreciation has already occured with the vehicle and the difference between the value at the beginning of the car lease contract and the end, will be less than a new car, meaning your monthly premium will be less.
As car lease in the States is more popular than in the UK (you have just got to have a car in the States) hense more videos of advice come from there.
