ELITE don’t supply a car with our franchise as some instructors prefer a training vehicle that they are familiar with. Some of our instructors purchase their own cars, and some lease. We don’t mind either way, so long as it is not too old, has air conditioning, dual controls, and is in good condition to fit in with the ‘ELITE’ brand. We will arrange for the ELITE livery to be fitted. Leasing tends to be the preferred worry-free and cost-effective choice. Cost of a vehicle will vary depending on whether you buy a car outright, and whether that car is new or used, and model chosen hugely effects cost, or buy a car on finance, or lease. Many instructors chose to lease a driving school car, as it is worry free. Normally you are only required to pay a month rental in advance, so you don’t need to find a large initial deposit. It will come already fitted with dual controls, will have a high mileage allowance, so no depreciation to worry about. It will also be fully maintained, so no unexpected servicing or breakdown costs. A lease car is normally replaced every 1-3 years with a new car, so no MOT to worry about. Also, knowing that you will get it replaced regularly means that you will not be quite so precious about it when your learners accidentally crunch the gears, burn the clutch, or scrape a wheel on a kerb, which will ease your daily stress level. You also get worn tyres, windscreen wipers replaced, breakdown cover, and a replacement car normally within 24 hours if the car can’t be fixed. Also leasing can be more tax efficient as the monthly cost of a leased vehicle can be offset immediately as an expense for tax purposes. Whereas a purchased vehicle is seen as an asset to the business and written off over a period. If you choose to lease, we can assist you in arranging a contract hire agreement from approximately £90 per week with one of our recommended suppliers.
As an example of average lease cost, based on the price of a Toyota Yaris Hybrid, on a 36 month 60,000 miles lease, supplied by CA Car, as at 1st February 2024:
£97 per week all-inclusive of VAT, servicing, worn tyre and wipers, breakdown and replacement vehicle cover.