High Mileage Car Leasing

High mileage car leasing is predominantly requested by our business customers who are required to use a car as part of their job; mileage can vary from anywhere inbetween 25,000 and 45,000 miles per annum for some of our customers who travel nationwide on a daily basis.

While some believe this would preclude them from car leasing, this is actually far from the truth. Indeed, CarLease UK have a number of competitive high mileage car leasing offers. However, let`s embark from the beginning so you can understand whether this agreement is right for you.

Why Does High Mileage Car Leasing Benefit Me?

• You can fix the amount of time you utilise the car for i.e. Two or three years – CarLease UK understand that our customer`s don`t want to drive cars with surplus miles on the clock. Your safety is our prerogative;
• You can include an optional maintenance package to cover servicing, maintenance and tyres i.e. «fully-maintained» lease – let us collect your car for servicing and fresh tyres while you sit at your desk. One quick call to the dedicated maintenance line is all you need;
• Pliable terms and mileage to suit your requirements – you tell us what you need and we will make the contract work for you;
• If you are a VAT registered business, you can claim back a proportion of the VAT on the finance rentals and the maintenance rentals;
• No depreciation or disposition concerns – who wants a headache at the end of the car`s life cycle?

High Mileage Contract Hire for a Business or Company

Contract hire and leasing is very much the desired method of car procurement for a business. Over the last fifteen years businesses have benefited from a switch in tax legislation which has enabled this type of vehicle procurement to be suggested at a competitive rate, including fantastic fleet discounts.

As discussed above, business contract hire provides a business with a tax-efficient and fixed-cost motoring solution, plus when you take out an optional maintenance contract, it minimises the risk of unexpected motoring costs.

Additionally, as risk management is now a major issue for all businesses, consideration is required in respect of relevant legislation, in particular Corporate Manslaughter Legislation and Health and Safety Legislation. Due to the wide-ranging interpretation of the acts, all work-related journeys for drivers using company vehicles or their own vehicles are included. Failure to adhere to these provisions can lead to large fines and even prosecution.

Where employees are covering many miles on busy, and dangerous, UK roads, businesses need the convenience that this fleet is being managed decently. Using CarLease UK`s accomplished fleet management treatment and the correct maintenance programme, a business can reduce these risks.

Eventually, at the end of the contract the car can simply be returned. It is not necessary to undertake the time-consuming and frustrating disposition process when the car is surplus to requirements.

Getting your Quotation For a High Mileage Car Lease

While the information above might prove useful, we do appreciate you (or your business) ultimately need to know how much per month your fresh vehicle will cost. In order for one of the UK`s official car leasing providers to produce a quotation for you, please review the content below before speaking with us:

• Term – for what length of time would you or your business need the vehicle for? For all contract hire arrangements, there is a minimum period of two years. However, the general rule is that the longer you lease a vehicle, the cheaper the monthly rental will be. However, as this is a motionless contract, you must consider whether you, or your employee, should have a car over a longer period of time;
• Mileage – How many miles will the vehicle drive per year? The monthly cost for the car will be strenuously contingent on the annual mileage, as this is inextricably linked to the depreciation of the vehicle; the more miles covered each year, the higher the monthly cost will be. We would advise you to accurately calculate your requirements as much as is possible;
• Initial Rental – All of CarLease UK`s deals will require some form of initial rental, whether this is no more than the other monthly rentals or an enhanced rental of your choosing. If your initial rental is higher, then your monthly rentals will be lower. However, as a business will generally need to monitor cash flow, we can advise on the most lithe solution for you; and
• Maintenance – We do encourage customers to utilise a maintenance package, which will include the cost of servicing and tyres on the vehicle. While this does add further cost to the package, a vehicle has to be maintained anyway. Fundamentally, a business needs certainty of cost and this is just one way of achieving this. The maintenance package includes support from the chosen finance provider, an added benefit that genuinely saves you time.

• Certainty of cost for the high mileage driver and/or business;
• Risk reduction for the business and the driver; and
• Tax efficient (please speak with your accountant)

For more car leasing help and advice please see our dedicated Help and Advice section (by clicking here) or read more car lease news and reviews in our blog (by clicking here) or feel free to check out our current High Mileage Lease Deals by Clicking Here.

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