WELL, now we have your attention – who wouldn’t want to lease a car for less?
But that’s exactly the proposition leasing company Arval is offering small businesses and individuals. It’s used car leasing.
And the product you need to look out for is Arval Re-Lease.
It means you could lease a Honda Civic 1.6 I-DTEC SE Plus for £118 + VAT per month.
Or how about leasing a Land Rover Range Rover Evoque for £219 + VAT a month. Sounds appealing? Yes, we thought so too.
The vehicles on offer are taken from Arval’s own fleet, have fewer than 30,000 miles on the clock and are under 30 months old. As you can imagine, Arval has hand-picked the best cars to put out for a second lease.
The leases can be as flexible as you want.
You can lease a car on Arval Re-Lease for 12 or 24 months, with the mileage set at 5000, 10,000, 15,000, 20,000 and 25,000 per annum. You can also flex your monthly payment with the upfront rental which can be 1, 3, 6 or 9 months in advance.
There is breakdown cover, delivery and road tax included. Tyres are at least 3mm tread depth, and options include maintenance, extended warranty or Arval’s insured vehicle package, Total Care.
In terms of condition at the end of the lease, when the cars are sent out, pictures are taken so that when they are returned any areas of fair wear and tear are obvious – and can be compared with the original photos.
Elliott Woodhead, Deputy General Manager at Arval, said: “With the quality of vehicle stock being returned to us, the age of the vehicles and often low mileage, we believe it’s the right time for this product, giving our customers a new option.
“Not very long ago, a two or three-year old lease vehicle tended to show signs of that use. Now, improved durability means that a properly maintained vehicle is, in many ways, difficult to differentiate from a new one. It might be second hand but it is no way second best.
“This product can also be a really cost effective option. The monthly rentals on our used cars are up to 20% lower than the equivalent new model – a large enough difference to make many customers consider the proposition.”
“in many instances, it’s not possible to provide an exact model, colour and spec in the same way that we can for a new car.
“It’s more a question of what’s in stock at any given point in time. For this reason, it is difficult to see used leasing becoming part of normal acquisition policy for major fleets – there just isn’t enough consistency to create a structured choice list.
“But for smaller businesses or individuals, it can be the perfect option. Here, someone acquiring one or just a handful of vehicles is likely to be much happier choosing from a range of models that is attractive but not standardised, and the short lead times attached to the product are also really attractive.”