Should You Buy or Lease Your Next Car?

(Geoffrey Cann)- Increasing numbers of businesses and individuals are choosing to lease from a finance company rather than buy when they need to replace their car or buy another. But is this a wise choice? Here we look at the pros and cons of each course of action.

Advantages of leasing include:

¨       A specialist broker can advise you on the best value leasing deals around, and which cars are the most efficient and reliable. They can also sort you out with fleet management to look after multiple cars if you have a big business.

¨       Monthly payments on a lease are fixed, so you can budget with confidence, and do not need to worry about payments rising as could be the case with a car loan.

¨       Monthly lease payments could well be less than the equivalent monthly payments on a car loan, especially for shorter leases. Read more here…

Car Leasing Tips And Advice

(Lewis Saha)- Though many solely buy cars and trucks that will depreciate in value, many prefer to lease them. Leasing a brand new automobile allows for cheaper monthly payments compared with purchasing one. the cheaper installments allow the consumer to be able to drive a new auto every 3 years. A lease likewise helps establish the consumer’s credit. Leasing your car that has a manufacturer’s warranty helps to ensure that your vehicle will be well taken care of. To get the best deal on a lease follow these new car leasing tips.

Of all the new car leasing tips to be discussed, possibly the most important is to compare lease payment rates. Do not assume that the best quote a particular dealership is offering is always the best package on the market. it is merely what they are offering. Read more here...

New products encourage car leasing

(Car Dealer Magazine)- Commenting on quarter two’s motor finance figures, Paul Harrison, the FLA’s head of motor finance, said: ‘Almost three out of five motorists buying a new car use dealer finance. While personal contract purchase (PCP) and hire purchase deals remain popular, increasing numbers of people are turning to leasing as an affordable finance option.

‘Traditionally, leasing has been more popular with businesses, but many manufacturers and independent finance companies are offering new and improved leasing options to private customers.

‘If insurance and servicing are included, it can make financial sense to lease, particularly for motorists who like to change their car every few years.’ Read more here…

Small Cars, Big Profits: Setting the Trend for Leasing

(PR Newswire)- Historically, manufacturers have pushed larger, more profitable vehicles by subsidizing their leases while de-emphasizing the smaller, less expensive models. But as gas prices and ecological awareness continue to rise, so does the public's demand for smaller, more fuel-efficient, "greener" cars; that means small cars will increase in value and leasing terms will become more attractive.

"A renewed focus on small vehicles is great news for leasing customers," said Swapalease.com's EVP of Operations, Scot Hall. "High MPG vehicles coupled with low lease payments add up to significant consumer savings, and at the same time, those leases are a great way to lure new car shoppers back to the showroom more quickly than standard long-term financing."

www.swapalease.com is the first and only full-service online marketplace of in-process vehicle leases. With the goal of matching individuals who are currently leasing vehicles they wish to get out of, with individuals who are looking for short-term leases with attractive payments and no money down, it's the perfect way to find the perfect vehicle for you. Read more here…

Shocker: 45% Of Premium-Brand “Buyers” Actually Lease

(Edward Niedermeyer)- Industry-wide, leases comprise about a fifth of all new vehicle registrations, but within the luxury market, lease penetration is more than twice as high at 45%. Three premium makes: BMW, Infiniti and Mercedes-Benz, actually have national lease rates at or above 50%…

These extraordinarily high lease results lead to several conclusions. First, the price of the vehicle is not the be-all and end-all. Rather, the monthly lease payment is a crucial factor. The monthly payment is not completely linked to the price, as the OEM and dealer have several tools by which to manipulate the monthly payment; these include, among other things, artificially raising the forecasted residual amount and increasing/decreasing the up-front lease payment. Second, if your premium make is not in the leasing business, you need to get there right away. Lastly, your lease rates, residuals and drive-away costs need to be competitive. Read more here…

What Are The Various Types Of Vehicle Leases Available To Customers When Purchasing A Vehicle

(Article Directory)- Car leases come in several different forms. Often a profitable and popular method of vehicle leasing available to businesses and individuals is contract hire. There is a regular monthly payment for the duration of the lease which can include maintenance and breakdown cover. This fixed amount allows you to plan your budget easily. Once the contract expires, the vehicle is returned to the cars lease company. There is no option to purchase the vehicle, but there is also no financial risk from having to dispose of the vehicle. There is no large upfront payment (sometimes as much as a third of the value when buying a car) which means that business credit lines are freed up. A good way to pay for the car leasing is to offset the rentals against business profits. Read more here…

autoMedia.com Uncovers the Best Car Leasing Deals for the Summer

(Benzinga)- With a growing number of consumers today choosing low-payment lease options over vehicle ownership, auto leasing is on the rise and car companies are responding with an arsenal of attractive deals to tempt potential new car buyers.

autoMedia.com found some of the best car leasing deals around to jump start summer, from all brands—domestic and import—to deals from $0 down, $0 first month's payment and $0 security deposit on certain models to College Graduate rebates of $1,000 on any new car lease. Read more here...

Double taxation for those who lease cars

(Frederick W. Hartnett)- Randal Edgar's July 17 article ("Driven to tax") concisely and excellently presented the dilemma of the Rhode Island taxpayer regarding excise taxes and the continuing shifting of fiduciary responsibility from the state to the local level.

An additional burden is added to those who lease cars. Their excise tax is the same as those who buy cars. Yet the state also assesses a 7 percent sales tax annually on top of the excise tax charged by cities and towns. Read more here…

Now, lease a Merc at 50% of price

(Times of India)- Ever dreamt of owning a Mercedes at half the cost. It is possible now with the German luxury carmaker offering 'individual lease' options to customers who can now get a new car on lease instead of buying it with full payment.

Daimler, the parent of Mercedes Benz, began its financial services business in India on Tuesday and said that the bouquet of services this division will offer would include individual lease plans, something very popular in the West but rarely used in India in individual cases. Read more here...

Car Lease Calculator – Calculate Your Auto Lease Payments!

Almost everyone is in need of a car and if they think of leasing one they will need to go in for a car lease calculator. The easiest way to own a car is with the help of leasing. It is one of the easiest ways of owning a car. It is even easier than bank loans. It is designed in such a way to make owning a car simple. Car lease calculator helps in calculating the monthly obligations. It also helps with the overall lease costs. Read more here…

UAE monthly car rentals accelerate as drivers switch to leasing

(Al-Bawaba)- Car rental companies say more commuters are leasing cars on a monthly basis after changes to UAE lending rules made it harder to buy a vehicle.

A growing expatriate population and shortage of Japanese models have also been cited by rental companies as reasons for the increase in short-term leases.

Hertz, the world's largest car rental company, reported a 15 percent increase in rentals across the Emirates last month compared with June last year. Read more here…

Mercedes prepares to enter leasing market by year-end

(Business Standard)- German luxury car maker Mercedes-Benz is preparing to commence leasing vehicles to consumers in the Indian market by the end of this year. No other luxury car maker in the country currently offers vehicles on lease directly to customers.

It would first lease Mercedes cars to companies. Eventually, when the venture reaches a certain size, Mercedes-Benz India (MBI) would look at offering vehicles on lease to individuals as well.

Dealers would purchase cars from the company and then lease the vehicles to corporate houses for a particular period. At the end of the lease period when the vehicles are returned to the dealers’ car pool, they would be sold in the pre-owned car market through the company’s ‘Proven Exclusivity’ program. The details of the business model for the new venture are being prepared. Read more here…

After One Year, Zipcar Drives Transportation Change in Baltimore

(PR Newswire)- Zipcar's expansion to Baltimore was made possible by an innovative partnership with the City and the Parking Authority of Baltimore City as part of a plan to reduce parking demand, congestion, and emissions, while offering citizens affordable personal transportation.  The survey data indicate that the service is making progress toward all those goals. The findings indicate three strong trends: Baltimore area Zipsters are driving less, reducing vehicle ownership and increasing uses of other modes, leading City of Baltimore Mayor Stephanie Rawlings-Blake to believe that the expansion of Zipcar in Baltimore has resulted in fewer car owners overall and sees the partnership as a successful tool for managing parking demand. Read more here…

Gaps in car insurance policies can leave drivers exposed

(Tulsa World)- When leasing or carrying an auto loan and the wrecked vehicle is deemed unsalvageable, it is "totaled" by the insurer - it will cost more to repair than it will be worth once repaired. When a total loss is claimed, the insurer calculates your payout based on the market value of the vehicle at the time of the crash. As many lease holders and borrowers are "upside-down" in their vehicles for much of their leases or loans, owing more than their vehicles are worth, they are on the hook for the gap. Read more here…

Vehicle leasing revs up as firms aim to cut costs

(Yorkshire Post)- A YORKSHIRE vehicle leasing company is growing as it capitalises on the credit drought and the slump in consumer spending.

Kudos Vehicle Management, a contract hire and leasing firm based in Halifax, has seen a spike in demand as the poor state of the economy means small business customers shun big ticket motor purchases.

The family-run firm, set up by former semi-professional squash coach Russell Bowker more than 25 years ago, turned over £8.25m last year, up nearly 15 per cent, despite the Japanese tsunami hitting order times. Now it expects to grow by between 50 and 60 per cent over the next five years. Read more here…