Does renting a Mitsubishi Mirage via contract hire make sense!

January 15th, 2018

Buying your first car can be a pretty complicated process, there are a lot of options out there now, and it is hard to know which option is best for you. It is an important decision to make as the wrong decision could leave you suffering financially. The most important thing is that you understand the Ts & Cs of your contract whether you are leasing or purchasing the car.

I have recently been looking at buying myself a used Mitsubishi Mirage, and my browser kept bombarding me with adverts for Mitsubishi Mirage contract hire deals, which I must admit became more and more appealing the more I looked, but does leasing a car make fiscal sense? From a purely financial perspective it is not a great idea to lease a car. This is no surprise as you are giving out money for something that you aren’t going to own. However, buying a new car doesn’t make financial sense either, for it will depreciate rapidly unless it is a special limited edition or something which you don’t plan on putting any miles on.

That leaves you with the option of buying a used car that is at least 3 years old. By this point the car will have taken the biggest hit on its residual value meaning you don’t stand to lose as much on it and it is still relatively new. However there is always the risk that is associated with a used car, that there is no guarantee that there isn’t an underlying issue that you don’t know about, and you may end up spending a fortune on a used car over the course of a few years.  So maybe when you think about it like that leasing isn’t the worst option.

With used car horror stories in mind, and my own first hand experiences, curiosity got the better of me and I decided to get on the internet and do a search for personal car lease Mitsubishi Mirage. The second you hit enter on search like that you are hit with a hell of a lot of choice, and before long you will be seeing offers every, ads will pop up on other web pages you go to that have nothing to with cars, until small monthly payments do actually start coming way more appealing. Hardly surprising, in my case it was either buy a second hand 2015 Mitsubishi Mirage 1.2 Juro 5dr for somewhere around 11k  and set up my own finance deal, or get a brand new one and pay £181 a month for 47 months after an initial payment of £1632.  The lease looks more manageable for obvious reasons, the car is new so it will be under guarantee, you shouldn’t get hit with any huge service bills and you don’t have to worry about the cars residual value at all.  The point that got me was my purchasing habits when it comes to cars, if I bought it outright by the time I got to paying it off I would typically be looking for a new car anyway, so regardless of how I go about it I’m going to be spending some 200 pounds a month for the foreseeable future. Obviously, the benefit of buying a used car outright is I can get some money in my pocket each time I trade the car in. But it is extra admin and shopping around, having to barter with dealers etc which is genuinely up there with my least favourite things to do, right behind selling a car privately.

As you can probably gather I am leaning more and more to personal contract hire Mitsubishi Mirage being the best option. To answer the original question, does leasing a car make fiscal sense, no, but your other options aren’t exactly fantastic and leasing makes sense in just about every other aspect. If I could get a Mitsubishi Mirage business car lease, through my company!

How Can You Save Money On Fuel

March 27th, 2013

We all know that driving can be an expensive aspect of life – there are many costs to take into consideration for example insurance, road tax, MOT and servicing. These can really mount up, and one of the largest costs for many people is fuel – particularly if you drive a car like the Chevrolet Camaro!

So today I am going to show you a few ways in which you can pay less at the pump, save a few pennies and get the most from your tank.DC4A9360E68238D6B2C43BF5F3F111-300x180

Firstly, remember that the amount of fuel your car consumes works out very much in relation to the size of the engine and the overall mass of the vehicle. Basically, a large 4×4 with a 4 litre turbocharged engine is going to consume a lot more fuel than a small city car with a 1 litre engine. If you really want to save money, don’t buy a huge petrol-guzzling monster; opt for something economical.

Secondly, driving at high speeds will empty your tank quicker than lager turns to urine (and that is pretty damn fast when I am down the local boozer of a Friday night!). Don’t get me wrong, I don’t enjoy driving everywhere at 30mph, I love nothing more than to get a Camaro out on the open road and let her demonstrate that potential. However, if you’re intent on saving pounds at the pump you’re going to have to slow down. Another tip to complement this is to drive in a higher gear and at low revs. Use all of these to your advantage and you will be maximising your fuel economy in no time. I recommend driving in fifth gear at around 30mph or at around 1,250 rpm, if your car permits you to do so.

volkswagen_passat_estate_37433-300x225Moreover, fill up in the morning and try not to navigate through busy city streets. These are just little hints but should save you money nonetheless. Filling up in the morning guarantees you a larger tank for your money, as the fuel is at its coolest and hasn’t had chance to expand in the daytime sun. Busy streets in the city equates to lots of traffic lights and congestion, which means driving in a lower gear and consequently using more petrol or diesel. Avoid them if you can and take a drive through the countryside.

Anyway I hope these help you out, make life easier at the petrol station, maximise your Passat’s economy and maybe even get you an extra couple of pints at the weekend!

Some Of My Favourite Automobiles

March 27th, 2013

So being as this is my blog about my views and my cars, I thought that I would take the time to share with you some of my favourites! I’m not going to be boring and just punt for the fastest and most expensive models however, I am mixing it up with a few of my favourite cars that you see on everyday roads (if you regularly come across Aston Martin Vanquishes, drive alongside Bugatti Veryrons or wave to drivers of Ferraris, then you live in a better place than I do!).

Chevrolet Camaro

chevrolet-camaro_l-300x199The Chevrolet Camaro is probably one that you won’t see too often on British roads in all fairness, but I had to include it because it is one of my all time favourite automobiles! It looks unbelievable, pure American muscle at its brilliant best. I have been fortunate to drive one or two of them in my time and let me tell you they are comfier than the average living room sofa! What is more the engine roars at a breath-taking volume and really gives you that feeling of owning the road. Anyone who has enough money I would certainly recommend considering one, and if you are there is more information on chevroletsparkcars.co.uk.

 

Ford Focus

ford-focus_l-300x199A much more common site on UK streets, the Ford Focus is a classic piece of engineering and one of my favourite reasonably-priced vehicles. It looks sleek and performs really well on the road. What is best about the Focus is its reliability and in particular its versatility – it is a car that suits anybody. Whether you are a young single person or a devoted family man, you’ll look the part in a Focus. You won’t have to worry about high fueling and MOT and servicing costs either.

 

Mercedes A-Class

mercedes-benz-a-class_l-300x199I had never really been a huge fan of Mercedes until they redesigned the Mercedes-Benz A-Class, which may come as a big shock to many of you! Especially considering that it is one of their cheapest models. However, a little like the Focus, I really think that the A-Class looks superb. Its predecessor was a pretty hideous model, and I have always been of the opinion that other Mercedes vehicles are too executive for my liking. The new model is a car which can suit anybody’s tastes though which really appeals to me. A cracking little car which performs well too.

Next time I do one of these posts I think it will be about classic cars, because I absolutely love them, and am in the market to get myself one, so if you have one let me know and I might just buy your classic car!

Amazing Automobiles

March 27th, 2013

Good morning, good afternoon, good evening to you !

Thanks for visiting my site, my name is Dave Joleon Lowe and I am a self confessed petrol head.

I don’t take myself too seriously so please try not to get too wound up if you don’t agree with everything I post on here!
Green-Cars-Nice-18-300x199The purpose of my blogs will basically just be to put my views out there and share the latest automotive news with hungry readers.

I hope you enjoy reading and would appreciate any feedback you may have! all cars found on my blog can be found on CarSite.co.uk