Diesel still remaining popular amongst leased vehicles

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Although sales for diesel fuelled cars has fallen by in excess of 300,000 vehicles in 2018, leasing of diesel vehicles has increased. Although the government continues to punish diesel car owners, the demand for diesel fuel has only increased.

Vantage-leasing recently carried out research that shows that enquiries for diesel cars on a lease contract increased by 13% compared to enquires made in 2017.

It is thought that where the lender or broker owns the vehicle, it is risk free to the customer should the car become considerably worth a lot less through taxations or diesel based punishments imposed by the government.

On behalf of Vantage Leasing, James Buttrick said “Our latest research shows many motorists remain keen to benefits from the performance that diesel vehicles offer but without suffering falling residual prices of diesel cars”

The diesel leasing statistics contrasts greatly when compared to those of diesel car purchase where the Society of Motor Manufacturers and Traders shows that year-to-date new car diesel sales slumped from 1,008,323 in 2017 to 707,702 in 2018.

The diesel market share has shrunk from 42.2% in 2017 to 31.8% in 2018. That is just over a 10% decrease in a year.

Currently some of the most popular vehicles to lease are the Jaguar E-PACE and the Range Rover Evoque.

Buttrick added: “We’re constantly adding new diesel models to our portfolio to keep up with demand. The surge in diesel popularity shows no sign of letting up as motorists still see the appeal of driving a diesel model, with cheaper running costs and greater torque, among many benefits.

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