High Mileage Car Leasing

The latest government figures show that the average UK motorist now drives just 7,900 miles every year. While this figure might sound like enough for some, there are some motorists that do a lot of travelling across the year on a daily basis. The Rivervale guide to high mileage car leasing helps you to understand where leasing could benefit you as a high mileage driver, how to calculate your average annual mileage and which vehicles may be suited to a high mileage car lease.

Benefits of a high mileage car lease

High mileage car leasing is especially suited for drivers who cover a lot of miles per year. It benefits the customer in the following ways:

Flexible terms - Typically, leases cover 24, 36, 48 or 60 month contracts, however, we can tailor make a lease to help achieve your desired budget and circumstances.

Eliminate depreciation costs - There are some lease contracts available to cover up to 50,000 miles per year. Depending on the contract length you opt for, you could drive a total of 150,000 miles across three years without having to worry about the resale value of the vehicle at the end of the contract.

Maintenance packages available - Over the course of a typical, long driving lifetime, many drivers are likely to spend up to £40,000 on MOTs, servicing and repairs (as stated by a new study in the express.co.uk). So, with a funder-maintained package, all regular manufacturer recommended maintenance, servicing, mot and replacement tyres will be covered within your monthly rental.

If you're a VAT-registered company/business - You could reclaim between 50% and 100% of the VAT on the monthly finance rental (depending on whether you're leasing a car or commercial vehicle).

Leasing a high mileage car can offer several benefits compared to purchasing one outright. Firstly, leasing a car allows you to spread the cost of the vehicle over a set period, which can make it more affordable and manageable. Secondly, leasing a high mileage car can give you access to a newer, more reliable vehicle that is likely to have lower maintenance costs. This can be particularly advantageous if you rely heavily on your car for work or commuting. Additionally, by leasing a high mileage car, you can avoid the financial risk of owning a depreciating asset, as you will simply return the car at the end of the lease term. At Rivervale Leasing, we offer a range of high mileage leasing options to suit your needs, so why not consider leasing your next car and enjoy the benefits of a reliable, cost-effective vehicle today?

How to calculate annual mileage?

If you want to calculate your annual mileage follow these simple steps;

Sounds straight forward doesn’t it.

Which vehicles are suited to a high mileage car lease?

Any vehicle could be suited to a high mileage car lease, however it's important to consider how many miles you drive, what you use it for and what your monthly budget is. Whilst sports cars like Porsche and Lamborghini are everyone's dream car, these are not suitable for high mileage leases. For instance, let's say you drive 120 miles a day (including weekends), it means that you're averaging 3.5-4k miles a month, plus the monthly rental charge. And monthly rental charges for a Porsche or Lamborghini doesn’t come cheap. This is why we advise you go for a vehicle that's suitable for long car journeys and that's more cost effective to run.

Getting your quotation for a high mileage car lease

Term (length of contract) - Think about how long you would like to lease the vehicle for? Ranging from 24,36,48 or 60 months. Note: The longer you lease a vehicle, the cheaper the monthly cost will likely be.

Mileage - How many miles will your vehicle travel per year? As mentioned above, this can range from as low as 5,000 to 50,000 miles annually. The more miles covered each year, the higher the monthly cost will be. We recommend that you calculate your approximate annual mileage before proceeding with a quotation request.

Initial Rental - By definition, an initial rental basically means the sum you pay upfront. The bigger the initial rental the lower your monthly rentals will work out.

Maintenance - As a general rule maintenance covers all of your routine servicing costs, maintenance costs and replacement tyres (in some cases this even includes punctures). If your chosen contract is longer than 36 months in duration, the maintenance agreement would also cover your MOT costs to make sure that the vehicle is safe and road legal for you.

Here are some of the best high mileage cars, known to be reliable, even with lots of miles on the meter.

If you'd like to discuss more high mileage car leasing options with an account manager today - request a callback for a time that suits you, or give us a call on 01273 433 480. Or you can find your next car lease when you browse our latest deals online today.