Best Lease Car Deals Available? (Vol 10)
Discussion
jmsgld said:
I have never leased or financed a car previously but I spent £435 on diesel for business mileage last month so was considering leasing an electric car through my ltd company. Was considering a VW ID Buzz. I am a vet and have a home visit euthanasia service.
Any tips for a newbie? Are the price fluctuations predictable at all. Am I likely to have problems as the business hasn't completed first year yet?
Thanks
Prices are mostly unpredictable, normally the best deals come in just before a facelift is launched, end of quarter (at least historically) or when a company has a quota to hit (pre-agreed number or pre-ordered stock for a good price) and needs to shift the cars by 'x' date.Any tips for a newbie? Are the price fluctuations predictable at all. Am I likely to have problems as the business hasn't completed first year yet?
Thanks
As for going via your limited company, it might be possible but with no filing history it may be difficult to find a funder who will accept you. No harm in reaching out to a few places though. One thing I'd note is that the Buzz doesn't have the best range, which isn't an issue for many people but if you've spent £435 on diesel then I'd imagine you're doing heavy mileage - £7/gallon and even at just 35mpg that would be just under 2200miles in a month. Leases also become very expensive once the mileage rises, which is usually the biggest blocker for me as we do 30-40k/year spread amongst the cars.
DunDunFather said:
Weird, someone else on here said the same thing on another post I made for an iX2. THIS IS THE LINK I am looking at. My monthly gross reduction is £714 on this one.
I'm finding with Tusker their "to order" cars are very expensive, but some of the stock ones that pop up are much better. They don't hang around for long though ...
How interesting.... Monthly reduction of £809 for me on that one. More palatable but I've lost faith in them TBH.I'm finding with Tusker their "to order" cars are very expensive, but some of the stock ones that pop up are much better. They don't hang around for long though ...
rich_miller7 said:
Just looking around online and this deal seems far better than anything I can see.Not understanding leasing that much, but how could someone be substantially cheaper than everyone else? Or will there be other deals out there imminently? Also it only gives an option for 2 years, is that generally set in stone?
I’ve emailed the company as they are closed but thought I’d ask here in the meantime.
My 2 leased Golf Rs i signed up for 2 years then extended for a 3rd year. The price varied daily however to extend! My current car, I signed up for 3 years and it’s going back in 4 weeks time. Distinct lack of comms from AC compared with previous 2 cars who gave me a price to buy it etc. I had to ring them to arrange inspection/collection.
cslwannabe said:
My 2 leased Golf Rs i signed up for 2 years then extended for a 3rd year. The price varied daily however to extend! My current car, I signed up for 3 years and it’s going back in 4 weeks time. Distinct lack of comms from AC compared with previous 2 cars who gave me a price to buy it etc. I had to ring them to arrange inspection/collection.
Any chance you could provide the number you called please?I stand corrected, I didn’t ring them I just replied to the email I recently received telling me the Vehicle Excise Duty has been renewed. They replied promptly and asked when I wanted it to be collected. I figured no point me getting it MOTd if I don’t need to…
Edited by cslwannabe on Friday 10th May 23:07
Hi. I am looking to purchase a new EV soon via business contract hire. I understand EV cars will no longer be exempt from road tax and will be charged from April 2025 (https://www.gov.uk/government/publications/introduction-of-vehicle-excise-duty-for-zero-emission-cars-vans-and-motorcycles-from-2025/introduction-of-vehicle-excise-duty-for-zero-emission-cars-vans-and-motorcycles-from-2025).
My car will also be over the £40k threshold so will be liable for Expensive Car Supplement.
My question is when taking out a lease, road tax is usually included within the cost for the duration of the term. Will finance companies have taken this increased cost into account or will the extra charges be passed on to me separately when they come into play?
I have asked lease company but they don't seem too sure.
My car will also be over the £40k threshold so will be liable for Expensive Car Supplement.
My question is when taking out a lease, road tax is usually included within the cost for the duration of the term. Will finance companies have taken this increased cost into account or will the extra charges be passed on to me separately when they come into play?
I have asked lease company but they don't seem too sure.
Mo-mo said:
Hi. I am looking to purchase a new EV soon via business contract hire. I understand EV cars will no longer be exempt from road tax and will be charged from April 2025 (https://www.gov.uk/government/publications/introduction-of-vehicle-excise-duty-for-zero-emission-cars-vans-and-motorcycles-from-2025/introduction-of-vehicle-excise-duty-for-zero-emission-cars-vans-and-motorcycles-from-2025).
My car will also be over the £40k threshold so will be liable for Expensive Car Supplement.
My question is when taking out a lease, road tax is usually included within the cost for the duration of the term. Will finance companies have taken this increased cost into account or will the extra charges be passed on to me separately when they come into play?
I have asked lease company but they don't seem too sure.
Increases in VED are normally charged to the lessee. My car will also be over the £40k threshold so will be liable for Expensive Car Supplement.
My question is when taking out a lease, road tax is usually included within the cost for the duration of the term. Will finance companies have taken this increased cost into account or will the extra charges be passed on to me separately when they come into play?
I have asked lease company but they don't seem too sure.
Mo-mo said:
I thought that would only be for unforeseen changes in VED (this is planned change that finance company would be aware of from now).
The devil will be in the detail. The wording of the specific contract will be what you pay, so just check that.
Pretty sure mine just says ‘any increase in the rate of VED will be paid by the lessee’.
I’ve had increases on both of my two of my past cars. Leaseplan and Lex.
Mo-mo said:
I thought that would only be for unforeseen changes in VED (this is planned change that finance company would be aware of from now).
The contract for my Maxus T90 with Leasys says they’ll charge any increase in VED (my contract is only 12 months so it won’t make a difference) J1990 said:
Prices are mostly unpredictable, normally the best deals come in just before a facelift is launched, end of quarter (at least historically) or when a company has a quota to hit (pre-agreed number or pre-ordered stock for a good price) and needs to shift the cars by 'x' date.
As for going via your limited company, it might be possible but with no filing history it may be difficult to find a funder who will accept you. No harm in reaching out to a few places though. One thing I'd note is that the Buzz doesn't have the best range, which isn't an issue for many people but if you've spent £435 on diesel then I'd imagine you're doing heavy mileage - £7/gallon and even at just 35mpg that would be just under 2200miles in a month. Leases also become very expensive once the mileage rises, which is usually the biggest blocker for me as we do 30-40k/year spread amongst the cars.
Thanks, currently using my old 4.2 Land cruiser and am getting 25mpg hence considering something more economical, was looking at 2nd hand cars but prices are still bonkers.As for going via your limited company, it might be possible but with no filing history it may be difficult to find a funder who will accept you. No harm in reaching out to a few places though. One thing I'd note is that the Buzz doesn't have the best range, which isn't an issue for many people but if you've spent £435 on diesel then I'd imagine you're doing heavy mileage - £7/gallon and even at just 35mpg that would be just under 2200miles in a month. Leases also become very expensive once the mileage rises, which is usually the biggest blocker for me as we do 30-40k/year spread amongst the cars.
Averaging about 1500 miles per month, I am effectively on call 7 days a week, so although some days I don't do any miles, the most I do in a day is probably 150-180 , which should be doable on the advertised 250 mile range. I'll still have the Land cruiser if needed, and I'd use that for going away / longer trips anyway.
I have another ltd company that is still active and have accounts since 2011, so can use that if needed (but flat rate VAT scheme on that one). A lease only makes sense if doing through a company as it will be used 95% for business mileage and can offset against corp tax + with fully electric BIK is still only 2% (rising) + 50% VAT reclaim if use new business. Also considering going carbon neutral with new business...
Thanks for the info on lease deals, had assumed more of a linear relationship with cash price, your points explain some of the fluctuations, I think the newer ID Buzz / longer wheelbase will be available soon perhaps impacting the lease cost to list price ratio which currently seems pretty low compared to other EVs. Need to check the excess mileage charges, as mileage on the lease works out at 12p per mile which seems pretty high, hopeful may work out cheaper to choose a lower mileage and pay the excess... The whole system seems pretty fickle / daft, but in my case looks like it might represent good value and would be good to lower my carbon footprint.
I have a friend who is VAG, so he's arranging a weekend test drive to check it meets my needs, disappointed in the 10s 0-60 time, had assumed all electric cars would be tyre limited more than power... Also can't see how people have EVs as thier only cars with such a limited range, I guess it's still early days...
jmsgld said:
I have a friend who is VAG, so he's arranging a weekend test drive to check it meets my needs, disappointed in the 10s 0-60 time, had assumed all electric cars would be tyre limited more than power...
There was a topic earlier in this thread suggesting it was misleading for manufacturers to quote the power (kW) of motors when the important thing was battery capacity in kWh. Some of us argued that power still matters in EVs when choosing, all electric motors are not the same! That said typically the slower EVs tend to be a fair bit quicker than the slower ICE on the market but you still need to look at the performance.Gassing Station | Car Buying | Top of Page | What's New | My Stuff