Car Leasing – A Quick Guide

Without having a huge amount of cash lying around waiting to be spent on a car, it would be easy to think that there is no way for you to drive the latest cars around, and be stuck driving older models. Typically if you want a car, you buy it, then after 5 years you want a newer model car, but you’re stuck with a car you may struggle to sell for anywhere close to what you paid. This is without considering the amount you’ve spent on repairs & maintenance of the car.

Many people dismiss leasing a car as something best used for short term purposes, as a way to show off your car without spending thousands on a regular basis. Maybe once this was true, but over the last few years leasing a car on a long term basis has become more viable an option than ever before.

Rather than buying a car and then selling it 2-3 years later with a loss in value, known as the depreciation, car leasing is based on the principle that you rent the car from the lease operator and your payments cover the loss in value between leasing the car and returning the car, plus a small amount of profit to the car leasing 
company.

Based on this, ordinarily you might pay £20000 and sell the car for £14000 3 years later, with a loss of £7500 plus maintenance & repair costs. Leasing a car means you would be paying the £8750 over 3 years, or £2916 a year spread out in monthly installments of less than £250.

The loss in value of a car over a period of time is much more important when looking at a 2-3 year time period, typically this value is worked out as; roughly 25% of the cars value is lost in the first year, 13% for the second, 7% in the third, it follows this pattern of half the previous years depreciation. So while over a longer period of time leasing a car may not work out to be cheaper due to the much lower depreciation, leasing a car is usually done over a 2-3 year period. Selling a new car this regularly would lead to huge amounts of money being lost with the higher depreciation, but with leasing a car the depreciation is what you pay for, rather than the cost of the car.

It is in the best interest of the car leasing operator to keep the value of the car as high as possible for the duration of the lease. This is because at the end of the leasing period the car is returned to them, after all it is still their property. Because of this most car leasing operators will offer free maintenance for the car, plus the new car warranty that will likely cover the new car you are leasing. This can potentially save a large amount of money compared to buying a car outright and being responsible for its maintenance, or possibly not being covered by a new car warranty.

In a lot of cases it is true that buying the car outright, over a longer period of time, would have cost the same amount or less than leasing. However this means that to buy the car you need to be able to either have a pile of cash sitting around waiting to be spent, or be willing to stay with the same model car for a much longer period of time than if you were leasing. If you wanted to replace your car every 2-3 years with a new model, leasing a car is undoubtedly a cheaper option.

Leasing a car is not a simple case of paying a fee and doing as you please while the leasing operator foots the bill. Generally there are usually stipulations in the contract that going over an agreed mileage will lead to additional costs, or that maintenance costs beyond the general wear and tear of a car will not be paid for by the car leasing operator. This isn’t as bad as it sounds, details like that are agreed upon before starting the contract. If you were to buy the car up front, you would have a harder time selling a car that has a huge mileage on the clock for as much as without. The same goes for paying repair costs that are down to carelessness. Leasing is no different in this respect, – taking care of the car you are leasing means it will cost you less money overall.

Magic Leasing [http://www.magic-leasing.co.uk/about-us] are one of the UK’s most competitive, friendly, and professional leasing companies in the UK. Based out of Bolton in the North West of England, their website provides easy to find information and detailed pricing as well as contact information to find out more about Car Leasing opportunities in the North West of England.

Steps To Follow When Leasing A Fleet

Steps To Follow When Leasing A Fleet

If you have business needs, you can buy a fleet of vehicles. Based on the number of cars you need, you can also lease a fleet. If you have no idea how to go about leasing a fleet, you can follow the easy steps that we have described below.

Head to the website of the manufacturer

First of all, you should go to the website of the manufacturer to check out different types of cars and their prices. Based on your needs, you can go for cars that are fuel-efficient or luxurious. In order to get a pretty good idea of what you should go for, you can build the vehicles in a virtual environment. This way you can get a better idea of the prices and the features of the vehicles. By comparing various models, you can get the right one.

Contact the manufacturer

You should get in touch with the manufacturer in order to know more about the fleet leasing. The manufacturer may refer you to a local dealer. However, what you need to do is ask him important questions in order to prepare yourself to meet the dealer. Once you have asked the important questions, you should contact the dealer for an appointment. Next, you should meet the sales or fleet manager.

Talk about your term options

When meeting the sales manager, you should talk about your term and mileage options. Make sure the mileage options will satisfy your business needs since most fleet leases are subject to high penalty fees. You should look around if the dealer doesn’t satisfy your lease needs.

Talk about discount

Before talking about discount, you should let the manager know the number of vehicles you need. Based on this, the dealer may give you a handsome discount. Aside from this, you should talk about vehicle options and get the estimated cost to ensure that the cost will not be a burden on your budget.

Fill in the credit application

Before you place the order, make sure you fill in the credit application for approval. In the forum, you will have to write your business name, income details, tax identification number and the Society Security number. Moreover, your dealer may ask for the copies of your driver’s license and business license.

Shipping options

Once you have placed your order, you should talk about the shipping options. Your next step should be to get a timeframe for the delivery of the order and plan accordingly. You will get the vehicle identification numbers from the dealer.

Lease contracts

Once you have signed your lease contracts, you should wait for the vehicles to be delivered. Next, you should register the vehicles in your insurance policy and give the proof to the dealer. Make sure the vehicles get delivered to you free of charge.

Vehicle registrations

Ask the dealer to give you vehicle registrations and license plates. If you decide to collect them from the dealer, the dealer will install the plates on each of the vehicles. In another case, you will have to get the plates and install them on the vehicles on your own.

So, these are the steps that you may follow when leasing a fleet.

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How to Lease a Car and Get the Best Deal

How to Lease a Car and Get the Best Deal

If you can’t afford to pay a huge sum to buy a new car, you have another option: you can pay a lot less and lease a car. How do you go about leasing a car? Well, all you have to do is make a small sum as down payment and then make monthly payments throughout the term of the lease. You will give the car back when the term comes to an end. Read on to know the tips that will help you lease the right car.

The Type of Car

First of all, you should decide on the car you need. Do you want a sedan, an SUV or a convertible car? This is an important consideration.

Choose the Right Model

You should create a list of cars that fall in your price range. In order to cut down on non-lease costs, you can go for models with high level of reliability, good gas mileage and safety features, just to name a few.

Go for a Test Drive

As soon as you have listed a few models, you should go on a test drive in each car. Make sure you consider the visibility, comfort, steering, breaking, shock absorption and the internal noise of the car.

Consider the Safety

While on the test drive, you should ask the salesperson about the ESC, ABS and other security features. Remember: safety should be your top priority.

Compare Different Lease Deals

Once you have got all the details from the dealer, you should compare the deals and decide on how much you will be paying each month.

Negotiate the Price First

Before you go back to the dealer to make a deal, you should negotiate the purchase price. Once you have negotiated the price, you should go ahead and let him know that you want to lease the car. This is important because your monthly payments will be based on the price of the car.

Negotiate the Price

You should negotiate the price of the car. If you want to know the prices of new cars, you can go to Consumer Reports. The price of the car will be between the suggested retail price of the manufacturer and the wholesale price of the dealer.

Avoid The Gab

Remember: your salesperson may push you to close the deal based on the low amount that you will be paying each month. However, this will increase the total amount that will be paid throughout the term.

The Lease Payment

If you make a bigger down payment, your monthly payments will be lower. Failing to make each payment on time will result in penalties. Therefore, you should keep this point in mind. In the same way, if you give the car back before the end of the term, you will still face a penalty.

So, if you are going to lease a car instead of buying, we suggest that you consider these 9 tips. This way you can get the best deal. Hopefully, you will find these car leasing tips helpful.

If you have been thinking of leasing vehicles for business, we suggest that you check out this great resource. You will find a lot of useful information.

Tips To Buy The Best Equipment For Your Salon & Spa

Tips To Buy The Best Equipment For Your Salon & Spa

If you are planning to start a spa or salon, then you would already have guessed how having the perfect equipment is very important for the success of the venture. To pick the right spa or salon equipment, consider the following factors-

  • Matching The Space: Make sure that the equipment blends very well with the overall design of your spa or salon. So, for a feminine themed spa, ensure that you have equipment that is curvy and smooth. The colors must also be warm and comforting. There is no point in placing blocky, rectangular looking equipment in a spa if you mostly want it to feel feminine. That is just a bad design choice. And given a large number of brands, it shouldn’t be too tough for you to identify equipment that matches the look of your business place. If you have difficulties in choosing the equipment, consult a professional designer.
  • Cost vs Quality: Obviously, the cost of the equipment must be within your budget. But sometimes, you may want to buy equipment that is of a high quality, but your budget may not allow it. In such situation, you can look at other options to acquire the equipment rather than forcing yourself to write it off as something too expensive. For example, there are many aesthetic equipment leasing companies, who will be more than happy to lease, you the equipment of your choice without any down payment. So, look for leasing options in your area and contact them if necessary.
  • Assembling: Some equipment will be shipped to you only in parts, either because they are too big or because it is the most convenient shipping option. But either way, having to deal with unassembled equipment can be quite a pain. You may not even be able to put it together correctly and will have to spend extra money to get a professional to assemble the equipment. And in the worst case scenario, you may assemble it imperfectly and cause irreparable damage to the equipment. To avoid such situations, remember to ask the seller, whether the equipment will be sent to you fully assembled or if you have to assemble it yourself. If it is the latter, it may be better for you to look for other sellers or manufacturers.
  • Long Lasting: You will be running the business for a long time. Therefore, it makes sense that you only buy equipment that will also last for long. Check the reviews of the various equipment online and make sure that they are durable and dependable, If possible, you can visit other spas or salons using the equipment you ask interested in and them how it has been holding up after being used for many years. But if you have no plans for purchasing the equipment, and are only looking at the aesthetic equipment leasing options, then you obviously need not worry about the life expectancy of the equipment since you can easily replace them whenever you want.

Make sure that you keep the above points in mind when you shop for salon or spa equipment, and you are sure to pick the equipment that is a perfect match for your needs.

Looking for Aesthetic Equipment leasing & financing? Get the best leasing & financing programs on Aesthetic Equipment for start-up businesses and remodels.

3 Reasons Why You Should Think Of Leasing Your Crane Equipment

3 Reasons Why You Should Think Of Leasing Your Crane Equipment

If your business is in need of crane equipment, then you will have to think of ways to acquire it. And rather than trying to utilize your business funds or resorting to a business loan for purchasing the equipment, you may be better off choosing to lease it. Below are the three ways you can benefit from leasing the crane equipment-

  • Higher Chance For More Credit: Getting credit is no easy task. Creditors look for many factors to ensure that they only lend money to trustworthy businesses which they feel will be in a position to repay their debt and interest in full. And if they do not think that you meet their criteria, then you have a very low chance of getting approved for financing. And one of the most important criteria the creditors look for is your existing credit line. If you already have piled on so much debt that your debt to asset ratios are skewed, then you can forget about receiving credit. And this is where leasing becomes beneficial. When you acquire crane equipment through leasing, you won’t be showing the lease as a debt. As such, your debt to asset ratios remain intact and you will look much more attractive to creditors. So, if you are wondering how to finance a crane acquisition, then do consider leasing.
  • Include Soft Costs In Financing: When you buy crane equipment, you will not only be spending money on the equipment itself but also additional costs like transportation, installation, modification, operator training, etc. All these little costs can add up and eventually become a significant portion of the final acquisition cost. And if you plan to buy it through a loan, then you will have to put up more money in addition to the loan to actually be able to purchase the crane. But by using a lease option, you can forget about all such disadvantages since a lease will cover all soft costs. As such, you won’t have to spend a penny on your side to get the machine to your location.
  • Get The Equipment You Really Want: If you were planning on acquiring a crane equipment using your own funds or by a loan, then you will be limited by cost considerations. For example, you may like an equipment, but because you don’t have too much to spare, you may be forced to pass it off and select a cheaper equipment. With leasing, you can forget about such matters. Since you are not making any upfront investments, you are literally free to choose any equipment you want. The only limit you have to consider is the monthly installment. And as long as you can meet the monthly installment, you can acquire the exact equipment you desire no matter how high the price tag is.

So, keep the above considerations in mind when thinking of how to finance a crane equipment. Remember to consult with the leasing companies to know how exactly a lease can help you in making the crane purchase.