Up the spec and pay less than you expect!

In my last post I discussed how certain brands and models of car suit leasing particularly well as they hold their value relative to other brands.

Even within a single model range though the choice of specification and options can make quite a difference and the right choice can mean a better spec and lower lease rate.

For example, I was asked this week to quote for the lease of a Nissan Qashqai Tekna. There are two versions – with or without the panoramic roof. Not surprisingly the list price for the panoramic version is higher by approximately £400 as it costs more to produce. However, due to its increased desirability the lease rate had a premium over the non-panoramic version of only just over £1 per month – a bargain in return for the improved light and airy feel of the higher model.

Generally speaking higher trim levels and option packs are better for residual value (and therefore leasing rates) than individual options which tend to have little positive impact on residual value so, if a particular option is required, check if it’s standard on any trim level in the range. It may be that you can have a number of extras as part of the upgrade and pay no more than you would with the basic model. A good leasing advisor will, of course, be able to suggest the models to look at.

If you’d like to know more about how leasing works and how it could work for you, please get in touch. If you think others would be interested in this post, please share it.

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Matt Spivey

Vehicle Leasing Neva Consultants

Left the corporate world in 2013 after ten years at Vodafone and now specialising in car and van leasing with Neva Consultants.Serial networker and member of BNI Wakefield Wealthbuilders, 4Networking and The TradesHub Academy South Yorkshire.