Car Audio

Posts Tagged ‘leasing’

The Coventry based van manufacturer, Modec, announced yesterday that they had sealed a deal with a French distributor worth £3m for electric vans. Modec released this news soon after they had announced that their battery powered eletric delivery van was the first van to gain the EC Whole Vehicle Type Approval. This means that the van can now be sold to any country within the EU without having to go through anymore testing for that country.

UPS, FedEx, Tesco and Center Parcs are only a few of the major clients that the electric van manufacturer, Modec, can boast about. Now they can add ElecTruckCity to their list of clients who have payed £3m for 100 new vans.

ElecTruckCity is a van dsitribtor based in France, they are now going to be the first French Modec distributor. This was said by Bill Gillespie, chief executive of Modec: “International demand for Modec is extremely strong. ElecTruckCity has taken the lead by setting up a distribution network in France and we are very excited about the future of the French market.”

The vans that were bought by ElecTruckCity were the popular urban delivery vans. There are currently 150 of these vehicles based in the UK cities belonging to customers like Tesco’s. These vans are becoming so popular because they are built for city use. Using the lithium ion battery, they can travel around 100 miles through the cities and they cost around 15p per mile to run compared to a petrol powered van which costs 37p per mile.

The vans also help companies reduce their emmission because they save more than 9 tonnes of CO2 every year.

As these Modec vans become ever more popular, it appears that the common vans that you see around like Citroen vans or Nissan vans will have alot of competition as more and more companies want to get greener.

Modec are also entering into the tipper van market with their new electric tipper van. This new vehicle has been specifically designed for local authority refuse collection. No doubt these will become popular as councils try to lead the way for a greener country.

I also wouldn’t be surprised if we started to see an increase in van leasing companies that are investing in Modec vans as alot of companies that are currently leasing their vans may be interested in a cheaper, more greener alternative.

Some people just cannot get a girlfriend, no matter what they try and do, and some other guys always seem to attract the hottest ladies. Let me tell you something there is one well known secret and that is in the car you drive.

I guarantee that no matter how bad looking you are if you pulled up in a Porsche than you will definitely pull a lady. Females see a beautiful car as indication that you have a lot of money, and they want a piece of that cash no matter what it takes.

Reading this your probably thing to yourself, well how the heck am I going to afford to buy a Ferrari? Well the answer can be found in car leasing. There are various leasing firms that have a huge range of motors available at your disposal. Most of them come with a contact commitment of at least a few months, but you may be able to find a dealer that will offer it to you for maybe a month or so.

So if you are really finding it so hard to get a lady, then see below for your three steps of sexcess!
1) Find the best pulling car around, personally you should choose from either a Ferrari, Porsche, Mercedes car leasing or BMW car leasing.
2) Push up your confidence and get ready to hit the town and pull up to some sexy ladies.
3) Well done congratulate yourself, you have finally manage to get a girlfriend.

Now comes the most difficult part of trying to convince your new found love to stay with you when you hand back the car keys. But if we are going to be honest she will probably end up leaving you anyway because you are so darn ugly.

Some of us choose to purchase our vehicles and some people choose to lease them. The question is which is best option to take, lease or buy?

Look upon a car lease as a long term rental. You do not really own the vehicle and at the end of the lease you will then return it and pay any end of lease cost, that are due, to complete your contract.

In contrast when you buy a car and pay for it with a loan, the car remains your property at the end of the loan period. If you then wish to purchase a new car it’s up to you to trade in or sell the old one.

Most new cars will lose their value as soon as you drive it out of the sales room! Obviously it also depreciates with age and when the mileage increases.

Lease payments will cover just the portion of the cars value that you use during the time you drive it, the depreciation and not its complete cost. Finance charges are added on to your payment.

When you purchase a car with a loan you are liable to pay back its full cost, plus finance charges. Depending on your deposit or trade in value of another vehicle, this can obviously result in higher payments than for a lease, even if you get a long term loan.

At the end of the lease you may be liable to pay excess mileage fees. A maximum number of miles are usually stipulated that you can drive whilst you are leasing the vehicle. It is usually policy that you would repay a charge per mile for every mile driven over that limit. You can often buy extra mileage at the beginning of the contract at a cheaper rate than you would pay for the extra mileage at the end!

As regards damaging the car, the leasing company would naturally expect a degree of wear and tear. However the car will be checked for any damage or excessive wear and tear when it is returned at the end of the contract.
A fee would have to be paid should you choose to end a car or van lease early.

It is a misconception that the car lease company takes responsibility for the maintenance of the vehicle during the lease period. You will be responsible for the costs of maintaining the car, just as if it was owned by you.
Warranty on the vehicle is covered whoever owns it. Usually you will find that lease terms end before a vehicle goes out of warranty.

The best way to try to get an idea as to the deal that would suit you best is to work out how much you would actually be prepared to pay to own a vehicle. Add up all the payments you would make on the vehicle and then compare that to the value when the payments have ceased. Owning a car does not usually make money unless maybe when buying a classic car.

So, is it best to lease or buy?

Leasing:

A car lease might be best if you need a new car every two to three years.
You would prefer to drive a new car but cannot afford one.
On average you drive 15,000 miles or less each year.
You would not be using the vehicle in such a way that it would cause excessive wear and tear.
You are not in a position to make a large down payment.
You use the vehicle for business and are able to write off your lease expenses.

Buying:

You plan to pay off the car and keep it to avoid loan payments.
You are in a position to pay for repairs after the warranty period has passed
You put more than 15,000 miles a year on a car
You have credit issues and sometimes if this is the case it will be easier to buy than to lease a car
You may intend to trade it in for another car in less than two years