BARRY
Recession depression?
Get a new lease of life!
The worsening recession has put
the brakes on new car sales.
Vehicle transporters groan under
the weight of unsold cars, car
manufacturers’ production lines are
in darkness, the workers have all
gone home. The government
pouring money into the industry is
like pouring water into a sieve!
If you think that’s bad news, it gets Now, the good news. There’s never You’ll never need to worry about
worse! The true cost of running your been a better time to lease a car. selling your car or its future value. At
car or van is climbing... why? Because Manufacturers are bending over the end of the contract, we will come
that gleaming car on your drive is back wards to shift their stock-piles and get the old one and replace it with
losing money faster than RBS! and they have two methods of disposal: a new one, if you wish.”
Big discounts. Looks like the most
So what is the true cost of running your obvious route, but the manufacturers Tim Ranson, heating engineer and
family car? Well, there’s the obvious know that heavily discounted new cars owner of ABR Heat Team in Cardiff was
purchase price, fuel costs, maintenance mean that used values get slashed too. fed up losing so much money when he
costs, insurance for a start but, more Very bad news… remember what came to sell his vans. It cost a fortune
significantly than ever before, there’s happened to Rover? to advertise them and he would take
the resale value or RV (residual value). Leasing Company Bonuses. The calls from timewasters and agencies.
manufacturers offer the incentives to Not any more. Mr Ranson now leases
If you own a Saab, you have my leasing companies in a manner similar his vans from Purple Contracts, he pays
sympathy. A friend of mine from Barry to cashbacks. So, the leasing company £159 plus VAT per month for each of
bought a beautiful Saab convertible pays the higher price for a car, but gets his VW Transporters. Best of all, at the
with 16,000 miles on it just over a year a massive cashback for doing so. The end of the lease a delivery lorry turns
ago for £17,500. One year and 6,000 end result is the same as discounting, up with his new vehicle and takes away
miles later, the best she can get for it is but without stressing residual values. the old one. Although Mr Ranson is
£7,500. That’s £1.60 a mile on delighted to be saving around £1000 a
depreciation only! In this economic climate everyone year per vehicle, for him the main
needs to find a way of saving a few advantage is the convenience.
quid. If you’re a business user you will
“Leasing a vehicle makes need to include accurate transportation Glen Newman, owner of Purple
costs in your forecasting. Even if you’re Contracts said, “Leasing a vehicle makes
perfect sense during the not in business you need to budget. perfect sense during the current
For instance, a new model Ford Fiesta economic conditions. Leasing provides
current economic
1.25i 3 door Style Plus would cost you with fixed monthly costs and
conditions. Leasing
about £11,000 from a dealer. With a bit protection from falling vehicle values.
of haggling you might get it down to Be careful, when comparing lease
provides you with fixed
£10,000 to buy it outright. If you quotes. Make sure you are comparing
borrowed that sum using a personal like-for-like, as many leasing companies
monthly costs and
loan from any of the High Street lenders will not advertise the fact that they
the monthly repayments would be charge a hefty Documentation Fee, or
protection from falling
approximately £319. an Administration Fee.
vehicle values.”
A three year lease from Purple in Barry If you’re after a personal lease, make
would cost around £150 plus VAT per sure you budget for the cost of the
Glen Newman, owner of Purple Contracts month, with their new No Deposit VAT, as most lease quotes are displayed
option. That’s equivalent to 18p per VAT exclusive. Excess mileage charges
mile! This allows you to drive 10,000 are not the nightmare they used to be
miles per year. Contract Hire (or either. Our Fiesta deal (above) has an
Personal Contract Hire) is the ONLY excess mileage of 5.2 pence per mile,
way to guarantee the running cost, and so every thousand miles you go over
the true cost, of running a vehicle. contract will cost you £55... that’s the
The monthly cost is fixed... you will cheapest 1000 miles you’ll ever do!”
never pay any more, or less, than the
monthly cost of the contract. Lease your next car and you will never
buy another car again!
Stephen Paul, Sales Manager at Purple
Contracts said, “No more queueing at
the Post Office... there is no need to tax Purple Contracts
the vehicle - we do it for you, for the Talk to Purple!
whole term of the lease! If you choose 08456 444 300
the optional maintenance pack we even info@purplecontracts.com
service it for you (which includes a full www.purplecontracts.com
valet!) and we’ll include unlimited tyres.
50❧ ❧
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