Thank you to our personal lease car customer from Crewe (near Cheshire) for sending through pictures of their new car – the UK’s ever popular Ford Fiesta.
While statistically, the Fiesta has been the most popular (and best-selling) car in the UK for a number of years, this does not always translate into the leasing market. The prices we offer are based on a number of factors which includes stock/availability, residual values, cost of finance and discount. Quite bizarrely you can have a situation where a more expensive car (in terms of list price) can be cheaper to lease. For example, during June and July our offer on the Ford Focus was cheaper than the Ford Fiesta.
When you start looking at a leasing deal, it is sometimes better to establish a budget first and then you can see what vehicles sit within these parameters.
In terms of the car shown here, the Ford Fiesta 1.0 EcoBoost Zetec B+O Play 5 door Manual, this is based on the following configuration:
· Chrome copper Design paint
· Chrome copper pack – Fiesta
· Cloth – Ebony
· 15″ 8 spoke alloy wheels
As standard the car includes 15” alloys, Quickclear heated windscreen, tinted glass, hill start assist, lane keep assist, SYNV emergence assistance, Bang and Olufsen 10 speaker sound system, Ford SYNC 3, steering wheel mounted controls, automatic headlights, air conditioning, pollen filter, illuminated glovebox, leather gear knob, body coloured externals, Thatcham Cat 1 alarm, immobiliser, MyKey system and ambient lighting. As a special edition, there is very little you can add to the car as a factory option – rear privacy glass, city pack or a driver’s lumbar support.
On the technical-side, company car and business users can note the P11d at £17,190.00 and CO2 at 110g/km. The 998CC 6 speed manual petrol engine delivers 58.9 combined MPG, 100ps and 0-62 times of 10.6 seconds. Service intervals on a petrol fiesta are every 24 months or 18,000 miles, whichever lands sooner.
So would the UK’s best-selling car be your select car leasing option? Or would the Vauxhall Corsa, Renault Clio or VW Polo get your vote?
For the customer here, there were two very common (and interesting) questions which were raised at the outset:
1. Is there an age restriction to lease a car – can you be too young or too old;
2. Can someone else drive a lease car other than the main applicant?
When you are looking at contract hire you must be aged 18 or older. The reason for this is quite simple – leasing is a credit agreement. For younger–drivers the issue is not necessarily with the age per se; the problem is that as a credit agreement, you must pass certain credit checks based on your financial history. For many younger people, credit can be an issue as they simply haven’t established a positive credit history yet.
Therefore, BEFORE you start shopping, go online with Experian and procure a credit-check.
This will provide the details which reference agencies hold on you and will help to manage your expectations. The other fundamental issue for younger-drivers is insurance. To be clear, almost all contract hire and leasing arrangements EXCLUDE insurance; this is something which you must organise yourself.
Again, before you start researching your next car, use comparison websites to find out the cost of insuring the new car.
Having a lease vehicle does not make insurance more expensive but do be clear with the insurance company when you are getting a quote – tell them this is a contract hire vehicle and that the log book/V5 will always be with the finance company. After considering the above, a younger driver should have everything required to ascertain if this is a feasible option.
On the other hand – can you be too old to lease a car? This was something which was raised during the transaction here and is often raised by our older-drivers. Without sounding morbid, there is an idea that older people might not be offered a vehicle as there is a notion that they might be too unwell (or worse) to see out the contract. This is not a true statement; being older does not preclude you from leasing a vehicle and many of our customers are over 75/80 years’ old. In many ways, this form of running a vehicle is far more practical and certain than buying a car.
The other point to answer is who can use the vehicle. Just to be clear, you cannot take a vehicle from someone else – this is known as an accommodation deal. However, so long as you have the correct insurance you can allow other drivers to use the car; persons other than the main applicant can drive it for example a wife or husband.
Find the webs best leasing deals on the awesome Ford Fiesta right here @CarLease UK – you can also read more Ford reviews below…