Nationwide Vehicle Contracts - Vehicle Depreciation
A guide to vehicle depreciation from Nationwide Vehicle Contracts. View the full guide here: http://www.nationwidevehiclecontracts.co.uk/guides/vehicle-depreciation?type=business
Published on: Mar 3, 2016
Transcripts - Nationwide Vehicle Contracts - Vehicle Depreciation
What is depreciation?
Depreciation is the difference between the amount you spend
when you buy a vehicle and the amount you receive when you
What does ‘residual value’ mean?
The residual value of a car or van is how much the vehicle is
expected to be worth by the time it comes to be replaced.
Does depreciation mean it is better to
Leasing cars allows you to manage depreciation costs and
minimise the risks of big repair bills.
As part of your leasing contract, you have to pay a fixed monthly
cost, which could include servicing
What influences depreciation values?
• Fuel Efficiency
• New model releases
• Supply and demand
• Condition of the vehicle
Ways to minimise depreciation
• Choose the right car; one that is more likely to stand the test
• Look after your vehicle properly:
– Keep the car clean and well maintained
– Reduce unnecessary journeys
– Service your car accordingly
– Carry out repairs quickly and properly
Taking out a business or personal contract hire agreement means
you don't have to worry about how much the car or van will
If you're interested in leasing a vehicle, search our huge catalogue
of brand new vehicles, or give us a call on 0844 482 9595 to discuss
Looking for further information?
Check out the full guide here:
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