A6 Contract Hire - Audi contract hire

AUDI A6 LIMITED EDITION WHY LEASE?

If you were to buy your Audi A6 Limited Edition car for the retail price of £26,270, the moment you leave the Showroom it has lost 17.5% vat which is £4597.25 and after 2 years your investment will have been reduced to £14000 that would be the estimated second hand value.

With a Leasing agreement you would pay just £299* plus vat a month for 2 years making your total cost £8432 including the vat.

A COST SAVING OF £3838 IN 2 YEARS - £160 per Month

LEASING: Monthly lease payments are usually lower than monthly loan payments because you are paying only for the vehicle's depreciation during the lease term, plus rent charges (like interest), taxes, and fees.

BUYING: Monthly loan payments are usually higher than monthly lease payments because you are paying for the entire purchase price of the vehicle, plus interest and other finance charges, taxes, and fees.

Leasing is very similar to renting. However when you rent a car, over a period of time you pay the owner, a greater sum than the initial value of vehicle. By leasing a car you can get more car for you money as you pay the equivalent value of the car that you have agreed to use each month. Every car depreciates (decreases in value) by almost 50% over 3 years. When you lease a car you will only pay an agreed estimation of the vehicles depreciation. This value is set prior the contract agreement.
So why should I lease a car?

By leasing a car you could drive a new car every few years and pay as little as half its price. It creates a good impression of your business, as you can always have a modern business car which can only be good for your business.

Leasing can also be good for personal cars as, with a little planning, you can easily change your car to suit your or your family's needs, without losing the money you put into your vehicles each time it come to selling them. What's more you only pay tax on the part of the car you finance!

The only money that is required up front is your first payment (usually equal to three monthly installments).Lease payments are cheaper than a loan purchase because the charges are based on different values as stated above.

In effect you hire the vehicle for an agreed period of time and pay a fixed sum for the privilege. The fixed sum will take into account the average mileage you are likely to do. The higher the mileage, the higher the payment, because the more miles on the clock the less the car will be worth when the lease company comes to sell it. The lease can be just for the car, or can include servicing, but again at an increased cost.

Terms usually range from 18 months to five years, and when the lease ends you simply return the car and collect your new one.

*monthly payment based on 3 installments in advanced followed by 23 monthly payments, 10,000 miles per annum

Call Martin Chapman on

01483 720596

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