OVL Lease Blog

When did you last check your tyre pressure?

When did you last check your tyre pressure? One of the main benefits of taking out a maintenance plan when leasing a car is that you'll have no nasty surprises! You won’t ... Read More

Budget 2018 – Key points for motorists

Budget 2018 – Key points for motorists Chancellor Phillip Hammond has delivered his third budget this week, during which he announced a significant investment into the road network ... Read More

5 steps to becoming a better driver!

5 steps to becoming a better driver! We all think that we’re faultless drivers, but there’s always room for improvement, and many of us have bad driving habits that we&rsqu... Read More

Keep your car in 'as new' condition with our handy tips.

Keep your car in There's nothing quite like that new car smell and the unbeatable shine of a newly delivered car with just a few miles on the clock.   ... Read More

First rate service (and we promise not to leave you on hold!) from OVL Group

First rate service (and we promise not to leave you on hold!) from OVL Group Our customers are always assured unbeatable value for money and most importantly, first rate service.   We promise... Read More

2018 Paris Motor Show

2018 Paris Motor Show The Paris Motor show is happening this week and it is BIG news in the car industry.  The Paris Motor Show or&n... Read More

What is Fleet Manager Plus and how can it help you manage your vehicles?

What is Fleet Manager Plus and how can it help you manage your vehicles? Fleet Manager Plus is our FREE professional fleet management software; an online tool for organisations of any size, to manage their vehicles.... Read More

Fleet data - what's most useful to keep track of?

Fleet data - what OVL Group's Fleet Management software FleetManagerPlus stores all of the data you ne... Read More

In the news: Don’t leave your engine running when parked – you could get fined! 

In the news: Don’t leave your engine running when parked – you could get fined!  News has broken recently that an increasing number of councils across the UK are threatening to fine drivers who leave their engines running w... Read More

What is telematics? 

What is telematics?  Telematic systems gather and record driving data from your vehicles and share this data for analysis.  Telematics data can reveal driving... Read More

Luxury car leasing

20/11/2019

Luxury car leasing

Do you aspire to drive a luxury car? If so, leasing is a great way for you to get behind the wheel of a prestige Tesla, Range Rover, BMW, Mercedes, Audi, or other high end model. 

It is a fact that cars depreciate in value so even if you have the money to buy brand new, the question is, why would you when you can avoid depreciation altogether? 

A new car will lose approximately 20 percent of its value in the first year and 15 percent each year after that until, after 10 years, it's worth around 10 percent of what it originally cost.

Most luxury brand cars have very little or no car problems for at least the first few years but by leasing, and including a maintenance package, you can take all of the potential stress ( and extra cost ) out of the equation.

Leasing luxury cars is a good choice for people who have relatively high incomes to cover the monthly lease payments, but have little by way of cash savings. Luxury car leases are available to anyone who has a good credit rating and enough income to cover the monthly lease payments.

Take a look at what luxury cars we have available to lease. 

If you can’t find what you are looking for don’t hesitate to speak to our team who will be happy to help. Call us on 01491 615500 or email sales@ovl.co.uk

 

 

 

Electric car leasing - jargon buster 🔌

19/11/2019

Electric car leasing - jargon buster 🔌

Electric and hybrid vehicles are more popular than ever with more than 500,000 “green” cars on the UK roads. 

Sales have risen at quite some pace in 2019, with more than 114,000 alternatively fuelled vehicles (AFVs) registered up to the end of September. This figure is up by almost 22% on the same period last year.

You can take a look at our alternative fuel leasing deals here and of course our team are on hand to answer any questions you may have about leasing an electric, hybrid or PHEV car, but in the meantime, here’s a bit of a jargon buster!

AFV - alternatively fuelled vehicle

An AFV is any car that doesn’t exclusively use a conventional petrol or diesel engine.

EV - electric vehicle

This term is used for cars that run solely on electricity.

Hybrid vehicle

A vehicle that is powered by both a fuel engine and an electric motor. 

Many hybrids will switch between the two ‘modes’ when driving conditions are best suited to that particular form of power.

PHEV – Plug-in Hybrid Electric Vehicle. 

A type of hybrid car with a particularly good range of electric power thanks to a large propulsion battery.

Range

The distance any given electric vehicle can travel, from full charge, before it would run out and require charging again.

Range extender

A car with a range extender runs on electricity but has a small petrol or diesel engine that is used to produce electricity to recharge the batteries and extend the car's range. The petrol/diesel engine does not power the wheels. 

Wallbox or home charger

If you lease an electric car, you can get a home charging station installed. These come in either slow 3kW or faster 7kW and 22kW forms. 

Public chargers

There are currently about 17,000 public charging points in the UK, and this number is growing. 

It is now a legal requirement for all large petrol stations and motorway services to provide charging points. 

80% charge

Manufacturers often quote a charging time to 80%, rather than 100% or fully charged. This is because not fully charging each time extends the life of the battery, so is recommended, and also because the last 20% takes longer to complete relative to the first 80%.

 

If you have any other questions about electric car leasing or leasing a hybrid car contact us.