| Now this is a question that a lot of business owners | | | | and you'll have a warranty from the manufacturer. |
| ask themselves and some personal car owners too, in | | | | Of course the main reason for choosing leasing over |
| this day and age there are so many different options | | | | buying is you can easily afford to have a brand new |
| when it comes to getting yourself a new car! From | | | | vehicle, and not have to settle for a second hand car |
| car contract hire, to business car leasing or personal | | | | that you have no idea about the history (Only what the |
| car leasing and even personal car purchasing, it's not | | | | seller is telling you). Certain perks come with having a |
| surprised so many people are confused whether to | | | | new vehicle, you don't have to worry about MOT for |
| buy or lease their new car. | | | | the first 3 years and some leasing companies will |
| Well if you are running your own business, or working | | | | throw in the first 3 years tax as well! Without a doubt |
| for a company that is willing to give you a budget for a | | | | the biggest advantages with leasing a new vehicle is |
| car then it's worth looking into some sort of cheap car | | | | ability to be able to afford it in the first place and the |
| leasing. Leasing through a business has a lot of | | | | manufacturer's warranty, you can have total peace of |
| advantages from a financial / tax point of view, but not | | | | mind that throughout your contract knowing that if |
| only that it has a great advantage from a personal | | | | there is any kind of mechanical failure you won't be left |
| point of view in that you can more or less choose the | | | | to pick up the bill! |
| brand new car of your dreams! | | | | If you do decide to take out a car on contract hire or |
| A great advantage to leasing over buying a new car | | | | a business lease, then you need to be aware of a |
| is how easy it is to find your perfect car. When buying | | | | few bits of jargon and abbreviations that you will find |
| you have to take the time to go and visit the car, look | | | | throughout the car leasing and contract hire websites. |
| round it, and check everything is in order including MOT, | | | | MRP - This is the manufacturer's recommended price |
| Tax or that the car hasn't been accident repaired. Just | | | | residual value. |
| by taking the choice to lease your car you are cutting | | | | P11D Value - This is used by the Inland Revenue for |
| out all the time wasting having to go and view the | | | | tax purposes and relates to the value of the vehicle |
| cars, this alone is saying you money in time and fuel | | | | after the cost of extras. |
| from travelling up and down the country. | | | | PCP - Personal contract purchase (also known as |
| Most good car leasing and car contract hire | | | | personal contract plans). A PCP agreement you have |
| companies will let you choose all the finer details for | | | | an option to pay a final sum to the leasing / contract |
| your new leased car, from the exact colour to | | | | hire company and own the vehicle instead of giving it |
| everything from internal specifications to technical | | | | back. |
| specifications. On some vehicles you can even choose | | | | Residual value - The residual value is the |
| to have custom accessories fitted, as this vehicle is | | | | manufacturers predicted value of the vehicle at the |
| coming directly from the manufacturer you also have | | | | end of the lease / contract term, the higher the residual |
| full knowledge that everything will be fitted correctly | | | | value the lower the monthly payments will be. |