Know More About Coronado Cars

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Ever since the travel agency took a big hit during the global recession the car rental agency industry has been doing massive cost cutting. When the oil prices were at over $150 per barrel yielding gasoline prices at about $5.50 per gallon on the coasts; it kept people from traveling. When fewer people travel the car rental agencies have their cars sitting on their lives and no one is renting them. Therefore everything becomes cost and they have no income. Many rent a car companies that lost so much money during the height of the fuel prices were in extreme peril before the global recession hit. They had already cut costs to the bone and there was very little to cut after that.

There were quite a few mergers and acquisitions, and many smaller car rental agencies and the franchisees of the largest rental car companies in America had filed bankruptcy. Some of the large Rent-A-Car corporations are no longer with us. But after that big shakeout there was a tremendous amount of capacity taken out of the industry, which seemed to help the remaining companies stay in business.┬áVisit : Coronado Cars – Panama City

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If you will note in the first and second quarter of 2009 there was really no steep discounting going on in the automobile rental industry. This is good, not for us travelers, but it has helped them return to profit. In fact, by Budget Avis, Hertz and several other large Rent-A-Car corporations actually posted profits.

Does this mean that the recession is over and people are traveling again? Yes, a little bit, but that is not why they had profits, these companies had profits because they had cut their costs down to nothing and they are the survivors of the industry with less competition than they had prior. Please consider all this.

Car Leasing Benefits

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Why is Car Leasing becoming more popular every year?

One of the main reasons why more and more businesses and individuals are choosing Car Leasing or Contract Hire as a means of financing a new car or van is that they are fed up of the high depreciation rates that affect most vehicles nowadays. Most cars end up being worth between 30% and 50% of their purchase price after three years, with few exceptions, so this can represent a huge capital loss to the owner.

One of the benefits of contract hire is that it can be much more cost-effective, especially if you take advantage of a special deal or manufacturer’s offer, as the total cost of your rentals over the contract period is usually less than the amount that the vehicle has depreciated over that time.

However, there are many more benefits of leasing a car than the depreciation issue. this content

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Here are the main Benefits of Leasing A Car

Fixed monthly payments – easy budgeting of your motoring costs
All Servicing & Maintenance costs and Roadside Rescue can be included
Road Tax is usually included for the duration of your lease
Flexible terms and mileage allowance to suit your needs
A brand new car every 2 or 3 years, avoiding the costs of running an old vehicle
Low initial outlay compared to purchasing a vehicle
You can often afford to drive a better car than if you were buying a vehicle
No worries about the depreciation risks associated with ownership
Avoid the hassle of disposing of a used vehicle every time you change your car
No need to trail around the dealers looking for the best part-exchange price
Free delivery (and collection) of your new lease car to your home or office
You are able to put your Personalised Registration Number on the lease car
You can take your lease car abroad on holiday or business
Simply hand the vehicle back at the end with no further commitment
Flexibility to extend the lease at the end of the term for a further 6 or 12 months
You may be able to purchase your lease car as one of your End Of Contract Options
Additional Car Leasing Benefits for businesses

Up to 100% Tax Relief available on the lease rental payments
VAT registered businesses can claim 50% of the VAT back on cars (100% on commercial vehicles)
All the VAT can be reclaimed on the Maintenance element of your car lease
Contract Hire vehicles will not appear on your balance sheet, improving your accounts
Improve cashflow by taking advantage of the low initial outlay available
Fleet Management and Accident Management Services can be part of your contract
Reduced administrative costs, especially when leasing cars with Maintenance
With all the benefits of Car Leasing listed above, there is a compelling case for this form of vehicle finance. If you’re looking for a straightforward way to finance your new car or commercial vehicle, where you can simply hand it back at the end of the contract period, and you have no desire to ever own the vehicle, then Car Leasing may well be for you.

To find out more about Car Leasing, why not visit our Car Leasing Guide website where you will find lots of useful tips and information on leasing a car. You can also get a free copy of ‘Car Leasing Secrets – How To Get The Best Deal Possible On Your Next Car Lease’ if you subscribe to our Blog.