Hull White Star wrote:
Are you not aware the car is leased and still under manufactureres warranty for 3 years? After that time the car deprectiates, comes out of warranty and would cost the charity a lot of money. Another reason we get an "extravagance".
Its also at the direction of the leasing company (whoever they use), the optimum time to turn the cars into cash being in the year when the initial hit on depreciation has happened and whilst the mileage is low enough to keep the car in the highest second hand value column - ex-mobility cars at three years old with average 6k per annum on the clock are absolute bargains, they've been driven gently (in the main), not owned by idiots, and are usually spotless - I picked up a Focus once at 3 years old with 6k on the clock, I viewed it before it had been valeted and when we lifted the bonnet it looked as though it was still in the showroom, absolute bargain.
Another good source was always Benfields who picked up all of the Jersey and Guernsey rental Fords every winter, registered just nine months earlier they had spent six months being driven by holidaymakers who could never drive more than a dozen miles in any direction, and yet the rental company had taken the first years depreciation
).
