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Nationwide Vehicle Contracts Ltd is an appointed representative of Lombard Vehicle Management, Network Vehicles, Renault Financial Services.
Ex-Student embarking on first career
Nicola Popora recently graduated from Bristol University with a degree in Accounting and Management. She was lucky enough to be offered a place on the Graduate recruitment programme of a well know west country drinks manufacturer leading to her current position as a Business Development Executive.
She needs a car to commute to and from her workplace and she regularly likes to visit friends and family in Wales and London at the weekends. She had never considered car leasing as an option because she had always thought this method of financing transportation was really only suitable for businesses. It wasn’t until a friend told her how much she could save if she leased a car rather than borrowed the money to buy a car that she began to take an interest in personal car leasing.
Nicola's options were to buy a good quality second hand car or maybe a brand new car, either would need to be financed with a bank loan. Alternatively she could choose a personal car leasing contract and get a brand new Fiesta delivered to her door with no additional costs.
The typical costs involved in acquiring a new Ford Fiesta 1.25 3 Door Hatchback would be:
If Nicola had chosen to buy a second-hand Ford Fiesta. The typical costs for a 3 year old Fiesta with 30,000 miles are likely to have been around:
Note: The figures above are approximate and provided for guidance only. The estimated total costs exclude any allowance for vehicle maintenance.
The costs involved in acquiring a brand new Ford Fiesta 1.25 82ps Style 3 door hatchback from NVC on personal car lease contract were:
The benefits of personal car leasing for this customer were:
Prices correct as of 31st March 2009
Nicola was amazed that she could be driving a brand new Ford Fiesta in the colour and finish that she wanted for a down payment of less than £1000 and very affordable monthy repayments.
All negotiations and arrangements were carried out online and by telephone. We delivered Nicola's new car to her west country address at no cost.
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