Businesses prefer to lease vehicles as opposed to purchasing them, for the many benefits a lease offers. This includes cost benefits as well as the option to replace the vehicle every 2-4 years. Businesses lease luxury vehicles as well as 4×4 cars such as the Shogun, depending on the purpose they will serve.
There is no doubt that a Mitsubishi Shogun car lease is a more cost-effective option for a business than making an outright purchase of one or many Shoguns. A business opting for a 3-year Mitsubishi Shogun car lease will hardly have any repair costs. This is because the factory warranty will cover most of the repairs. After the lease term ends, the company can lease a new car very conveniently.
Leasing offers businesses significant tax advantages. A company can save taxes by deducting the costs of operating and leasing the car from the revenue. But such a deduction offers savings only if the leased vehicle is used for business purposes, in which case it will be seen as a business expense. Using the company car for personal use will be viewed as a fringe benefit and taxed.
When a company leases a vehicle or many vehicles, sales tax is paid on lease or contract hire payments only and not on the vehicle’s full price. This is another tax benefit that businesses can take advantage of when they go for a Mitsubishi Shogun car lease.
The Mitsubishi Lancer has been around since the 70’s and is arguable one of the most popular family cars in the market. If you are looking to lease a Lancer, there are some important aspects you should consider. From the lease term you want to go for to the charges and contract terms, there are quite a few things you should give careful thought to.
Contract length: You can opt for a 24-month lease term and up to a maximum of 60 months. The longer the lease term, the cheaper will be your monthly payments.
Termination penalty: If you want to cut short your Mitsubishi Lancer car lease, then you may have to fork up an early termination penalty fee.
Wear and tear: Your lease contract will specify the charges you will have to bear if your car suffers a lot of wear and tear.
Excess mileage: Depending on how often you will be using the leased car, keep the mileage allowance specified by the lease contract in mind. If you exceed the set mileage allowance, you will have to pay an excess mileage charge.
Modification clause: Your Mitsubishi Lancer car lease contract may not allow you to make modifications to the car. If modifications are allowed, then you will also be expected to bear the expenses needed to return the car to its former condition at the time of returning.
When choosing the right car salvage project you need to understand the resale prices and demand for the vehicle once it is fully repaired and back on the road. You certainly do not want the vehicle to be reducing in price quicker than you are able to repair it, and then for it to remain unsold.
With Mitsubishi’s this is not just black and white as some models are very desirable and others not so when choosing your car salvage project you need not just to know the brand name but each model and derivatives too. Take the pick ups for example, these are not cheap and are highly in demand, so if you are looking for Mitsubishi salvage this may be the place to start. However parts are not easy to find, so make sure you know what you want and where to it before you finalise the sale.
Some basic family and small hatchbacks, this is not the same. You will need to buy your salvage much cheaper than resalable amount in order to get a return and make sure residual values are holding also. Parts on the other hand will be cheaper and easer to find, so it is a weighing proposition.
Japanese car manufacturer Mitsubishi has announced it plans on investing £100m into a wind turbine plant based in the North East of England.
Mitsubishi has a keen interest in renewable energy as its iMiEV vehicle has shown, the development will also bring hundreds of jobs to the area.
Chief Executive Akio Fukui said that the company was looking at a number of sites in the region was reckoning on a timescale of around three years for the prototype. before mass production a year later.
The scheme which will be the first in the world to produce wind turbines of this size on a commercial scale was described by Tom Delay, CEO of the government backed Carbon Trust as:
a massive vote of confidence in the UK’s renewable sector. We are clearly now open for business and, importantly, we are now winning business. The green manufacturing revolution is now becoming a reality."
Environmentalists have said that the Mitsubishi announcement is especially notable as they are currently one of the biggest atomic engineering companies in the world, a spokesperson for Greenpeace said:
"If the market wanted a clear signal on which way the UK energy sector is moving, the manufacturer of the world’s biggest nuclear reactors has just sent it – and the answer is wind."
A Japanese Auto Industry group has confirmed that car sales within the country had grown by around 15% on the previous year.
The announcement comes on the back of news that the Japanese Government is ending subsidies on green cars from next month (September).
New registrations for vehicles which included cars,trucks and buses came to around 333,403, the 12th rise in as many months.
Mitsubishi recorded the highest increase in sales selling 7,137 units over the month which is an increase of nearly 32% from this time last year.
Despite this automakers are concerned that the recent flurry of sales has been due to the extension of the green car subsidy which was initially only due to run until March 2010, but was later extended. Some predictions even suggest that there could be a 30% drop over the years sales.
Japanese car manufacturers have also been heavily assisted by government grants and initiatives keeping sales at a solid level compared to the rest of the world.
The reason behind the huge growth in Mitsubishi sales in particular has been attributed to a strong market within China and the Japanese based company have said they are still on course for their predicted profit of $172 million (£100 million).
Due to the announcement shares in Mitsubishi Motors have also grown, adding 116 yen (90p) to share prices, a growth of around 1.8%.
Mitsubishi spare parts can be found through CarSpareFinder who will search nationwide breakers to find the part you need at the best price.
With the recent announcement in the US regarding the latest electric vehicle the Chevrolet Volt and the UK Government confirming it would stand by the grant for electric vehicle buyers, what is the best Electric Vehicle (EV) for your money?
The Volt which still hasn’t been confirmed for a UK launch is at a premium compared to the Nissan Leaf (£23,000) but is comparable with Mitsubishis offering the iMiEV. Although no pricing has been confirmed for the iMiEV as of yet it is more expensive than the Leaf in Europe and Japan.
The big factor that owners will take into account when deciding what EV to buy is the range, the best by far is the Volt which includes a small gas engine allowing the battery to be charged whilst going, giving it a range of 547km which is more akin to a standard car. This blows away the nearest competition the Leaf which only has a range of 160km and makes the iMiEV’s offering 129km comparable to those electric jeeps you see in Toys R Us.
Another issue maybe speed but this is unlikely to deter any EV purchasers except for maybe Tesla fans. In this category the Volt again comes out on top with speeds of 161km/h (100mph) but this time it is a lot closer with the Leaf and iMiEV coming in at 145km/h (90mph) and 130km/h (81mph) respectively. This is still above any legal speed limit on British roads.
Thirdly something people don’t really seem to think about is charging time again the Volt is top of this one but not in a good way, to fully charge Chevy’s offering will take around 10 hours compared to Nissan and Mitsubishis eight and six hour charging time.
So overall if you want something to try and take the place of your petrol car, if it gets released in Britain the Chevrolet Volt is your best choice or you could pay the $41,000 and try and get hold of a really big plug convertor. Otherwise if you want a city/town run around then the Nissan Leaf or Mitsubishi iMiEV could be for you. They are perfect as city cars which is what the first batch of electric vehicles have been designed for.
The three large automotive producers have announced a new cooperative project and started a feasibility study the development and supply of power trains for electric vehicles.
The initiative was announced as the three major firms continue their discussion to extend their exist collaborations in regard to electric vehicles. In Europe, MMC (Mitsubishi Motors Corporation) and PSA Peugeot Citroen have already signed an agreement regarding the development and supply of electric vehicles for the region.
The companies plan to start production of their prospective electric models sometime in the near future. The new i-MiEV is already on sale and the European producers Citroen with its C-zero and Peugeot iOn will be in the showrooms before the end of the year.
The announcement was made at the end of June in Paris and Tokyo by the involved firms.
The i-MiEV is based upon Mitsubishis I and is a small city car.
When searching on the internet for anything Mitsubishi related all you seem to find is information on the new iMiEV electric car, It’s almost as if they have given up on petrol vehicles in a bid to corner the electric car market.
A closer look on the official website though finds that all is well and they are alive and kicking in the traditional combustion engine trade, even offering second hand models of their vehicles from the front page of the website something that you need to really look for with other brands.
The website is set out fairly well, getting onto the finance page is a bit tricky as it seems you have to click on an advert for finance which is on a loop. So you need to catch it quickly or you may end up booking a test drive for the new Colt.
The options available on finance are pretty limited. You have a choice of a big deposit of half followed by paying the rest in 2 years time on 0% APR or a £1000 deposit and monthly payments of around £140 at an interest rate of 4.9%. Total price comes to £8,554 and £9,350 respectively for a top spec 2010 Colt.
Mitsubishi do also offer a leasing deal on contract with prices ranging from £200-500 per month depending on model chosen but you will be better of checking a lease finder such as Leasbam who will search local dealers o find the best price for you, without you having to leave you computer screen.
Overall the Mitsubishi site does feel very dated, with its block lay out and text it is crying out for an upgrade which after looking at the MiEV website is true across the board.
If you are interested in driving a Mitsubishi then have a look over at Leasbam who will search all the best deals for you.
London receives 4 I-MiEVs as part of the city’s fleet vehicles.
The transport for London (Tfl) added four new electric vehicles to its fleet in as part of an effort to make London the Electric vehicle capital of Europe. The Mitsubishis were part funded by the Government’s Low Carbon Procurement Programme and go towards achieving the Mayors aims to bring 1,000 electric vehicles to the city’s fleet.
The cars will be used to check that roadwork’s comply with their permits and will be decked in their own distinctive livery.
The I-MiEV: With an electrifying view of London’s iconic Tower bridge.
In addition to increasing the number of electric fleet vehicles, the city is installing 1,600 charge points across the capital with the number rising significantly in the coming years. The Major of London, Boris Johnson is committed to supporting electric cars. In commenting he said:
“Very soon electric vehicles and the apparatus need to support them will be a common sight in London’s streets. We are doing all we can to make it as easy as possible for Londoners to choose electric and by opting for these vehicles in our own fleet we are helping to stimulate demand and show off their benefits including considerably cheaper running costs”
Figures and estimates show that if 100,000 vehicles were used in London, over the next decade they would cut the city’s carbon emissions by almost 500,000 tonnes. The addition of the I-MiEV will help Boris achieve London’s target of reducing its Carbon Dioxide emissions by 60% by 2025
Mitsubishi are “delighted” that London is taking on the I-MiEV, Mitsubishis Managing director, Lance Bradley commented:
“We are delighted the I-MiEV is continuing its long history of ‘first’ – this time as the first electric vehicles on the Transport for London’s planned 1,000 vehicle fleet.
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It has been alleged that a factory producing the Mitsubishi 380 was paying over 20 Chinese workers as little as £1 an hour.
The factory based in Adelaide was ran by the China-Sanan engineering company who appeared in court last week charged with underpaying workers by up to £175,000.
Mitsubishi closed the plant after sales of the 380, a large sedan declined to due what is thought the rising price of oil.
Fair Work Ombudsman Executive-Director Michael Campbell has released details that the workers were brought in under the pretence of dismantling a press that was no longer needed by Mitsubishi. It has also been revealed the visas the workers were brought in on were originally three months maximum with work not allowed.
The Ombudsman reinforced the seriousness of the issue saying:
“Strong and persistent messages need to be sent to employers that both deter this type of behaviour and reinforce the fact that exploitative practices will not be tolerated.”
The issues not the first of its kind within the car industry but third parties have been outrages that foreign companies have not had to obey to the countries workplace and employment laws.
Mitsubishi vehicles are available for hire through Leasebam, get a quote quickly and the best price.
