OVL Lease Blog

Fleet Manager Plus is FREE whether you source your vehicles from OVL Group Ltd or not!

Fleet Manager Plus is FREE whether you source your vehicles from OVL Group Ltd or not! FleetManagerPlus is OVL Group's exciting solution to manage any organisation’s vehicles. FleetManagerPlus gives you all the pow... Read More

How do I choose the right vehicles for my fleet?

How do I choose the right vehicles for my fleet? What’s your driving force when choosing new vehicles to add to your fleet? For many it is price and we understand that but there are many oth... Read More

How to keep cool on the roads in a heatwave

How to keep cool on the roads in a heatwave Summer has arrived! This week is set to be the hottest of the year, and yes, we know that the Great British weather is very changeable but let'... Read More

How do you keep track of your fleet?

How do you keep track of your fleet? Keeping track of your fleet is definitely a challenge for any fleet manager. Whether you're a dedicated fleet manager with a large nu... Read More

The hybrid revolution continues

The hybrid revolution continues The UK Government’s plan is to ban petrol and diesel cars from our roads by 2040. This week Mitsubishi Motors announced a great step forward ... Read More

Thinking of going electric? Our tips will help with your decision.

Thinking of going electric? Our tips will help with your decision. With the UK’s Government plan to ban petrol and diesel cars from our roads by 2040 we are potentially just 22 short years away from all elect... Read More

Advisory Fuel Rates from 1 June 2018

Advisory Fuel Rates from 1 June 2018 HM Revenue & Customs has announced Advisory Fuel Rates that come into effect from 1 June. Engine ... Read More

What is Fleet Manager Software?

What is Fleet Manager Software? Fleet Management Software like FleetManagerPlus, simply put, makes your life easier. It’s very similar to many of the tools you use every day... Read More

WLTP – The EU fuel economy test 

WLTP – The EU fuel economy test  What is WLTP? The Worldwide Harmonised Light Vehicle Test Procedure, or WLTP, as initiated from September 2017, is a test used to measu... Read More

Our tips on driving in London

Our tips on driving in London Driving in London can be notoriously challenging, presenting a range of difficulties, including a huge amount of congestion, complex one-way system... 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.