Can I lease a performance car?
For customers, personal or business, who are looking for a performance vehicle, contract hire may prove to be a more ideal solution than purchase style products. A contact hire arrangement is a fixed term contract based on 2, 3 or 4 years where a vehicle is a returned to the finance company at the end of the contract.
For a customer who wants to operate a vehicle for a fixed period of time, contract hire may offer a better “usership” approach.
Many customers look for a performance vehicle for a shorter period of time, generally as they like to change vehicles more often and after two years, you tend to have experienced all that the vehicle has to offer. With purchase style products, while more flexible, the risk is that the customer is taking on the nuance of depreciation. Many vehicles depreciate very quickly within the first two years, none more so than a high level performance car. With contract hire, the risk of depreciation is irrelevant as the monthly price you pay does not change regardless of a vehicle’s value; this is the risk undertaken by the finance company.
What we also discuss with a high performance car customer, is that contract hire provides an ability to fix of all your servicing and tyres costs within the agreement – “funder-maintenance”. When you are looking at a performance vehicle, you need to consider more than the acquisition cost; the cost of fuel, insurance, servicing, maintenance and tyres must form part of your calculations.
When you take a funder-maintained vehicle, you fix all of the servicing, maintenance and tyres costs.
Some finance companies even offer a “no quibble” tyre policy, which means that they will change a tyre for any reason whatsoever (excluding purposeful damage). These are expensive parts of running a car, so to fix your costs can add greater clarity and certainty.
For some of our high-net worth customers who want a more personal service, we do offer a more bespoke and tailored approach to leasing. If a customer needs something more special, we can offer a one to one service at our premises to ensure the matter is handled as carefully and as privately as is possible.
Check out some of the performance brands and sports cars currently on special offer @CarLease UK
