Many people have a dream of buying their own cars instead of taking them on lease. Even whenever I call the cab service provider's no, I always think that I must have my own car. It is obvious. Be it car or any other thing, we want to have it our own. But it comes as a surprise when someone tells that contract cars is more beneficial as compare to buying new cars. It strongly supports the belief that cars lose their value after several years. We can easily find many people preserving their cars even they are not in running conditions. This is exceptional. Many people like to spend their hard-earned money on new cars but few of us know that there are other alternatives available to us.
The new way is to rent a car instead of buying it. It also results in saving money for you. If you are an owner of the company and looking to increase your fleet then this can be extremely beneficial for you in the current economic downturn. There are various other benefits associated with contract cars such as maintenance, car servicing, and car security etc. There are hundreds of parts in a car and no one knows when there will be a breakdown. In this situation, car contract hire or contract cars are of extreme help.
The main reason why companies are going for contract cars is that fact that car lose their value very quickly. Studies suggest that cars generally lose 80% - 90% of their value between the time they are purchased and their final sale. It is also true that contract cars may be more expensive per month than cars purchased on a loan; they offer several advantages to people who make the extensive use of cars without getting into safety and maintenance.
Oriel Vehicle Leasing specializes in funding solutions for Contract Cars, car contract hire, lease van Commercial Vehicles, Plant and Machinery as well as Vehicle Leasing for business users and private individuals.