Best Lease Car Deals Available? (Vol 10)
Discussion
cnc8587 said:
Due to a change a circumstances, a family member has a BMW 118i M Sport Auto in Skyscrapper grey available in June for a 3 year, 6k a year lease.
On a 1+35, 6k per year, it’s £315 per month.
In the current climate, it’s a good deal and quick delivery.
It’s available to be transferred so if anyone is interested then send me a PM.
Still available mate please?On a 1+35, 6k per year, it’s £315 per month.
In the current climate, it’s a good deal and quick delivery.
It’s available to be transferred so if anyone is interested then send me a PM.
oscipop said:
Blown2CV said:
ACCYSTAN said:
Best deals will be landing in June when the next quarter sales targets have to be hit
that isn't at all how it works. Blown2CV said:
lease funding does not come from dealers, and neither does the additional financial support required to create cheap lease deals. That money comes centrally from the manufacturer or the funder themselves. The dealers have very little margin to play with so they do not decide at all whether a car is cheap or not. Those days ended about 20 years ago. The financial risk and decisioning associated with leasing within the funder and the manufacturer is far more swayed by other factors such as run out models, market positioning, new model footprint, interest rates, projected residuals, macro-economic factors etc than it is by quarterly targets. I am not even sure if manufacturers are funders even track quarterly unit sales or new contracts in this way. It is to some degree still a unit numbers game, but there are far more impactful levers affecting whether good deals exist or not.
This is irrelevant. The discussion was about the quarterly deals, which we are expecting later this month and early June. These are being heavily influenced by the ZEV mandate.
Had a test drive today in the MG3 hybrid. Pretty decent interior and did feel like a electric car with the initial acceleration. Will be ordering one of these for the next few years as a replacement to my cheap Seat Mii, no more EVs for me for now
Edited by zayn on Thursday 9th May 17:12
Henry9875 said:
There seems to be a number of half decent deals or "interesting" cars around that are 2 Years. I'd typically do 3 years by preference.
Is taking a "good deal" of a 2 year lease just kicking the can down the road hoping things improve? And is there a particular reason manufacturers are doing shorter leases currently?
E.g.
https://www.leaseloco.com/car-leasing/bmw/x3-m/xdr...
2 Yrs
8k
Works out £35k over two years. Bit out my price range even though a beast of a car Is taking a "good deal" of a 2 year lease just kicking the can down the road hoping things improve? And is there a particular reason manufacturers are doing shorter leases currently?
E.g.
https://www.leaseloco.com/car-leasing/bmw/x3-m/xdr...
2 Yrs
8k
EddieSteadyGo said:
This is irrelevant.
The discussion was about the quarterly deals, which we are expecting later this month and early June. These are being heavily influenced by the ZEV mandate.
Once you get into June isn’t that getting a bit late for a lease deal - they seem to take a few weeks even on stock cars?The discussion was about the quarterly deals, which we are expecting later this month and early June. These are being heavily influenced by the ZEV mandate.
EddieSteadyGo said:
This is irrelevant.
The discussion was about the quarterly deals, which we are expecting later this month and early June. These are being heavily influenced by the ZEV mandate.
If manufacturers are short of a quarterly number they'll push a deal out to try and hit their target. You may see some large dealer groups chuck money at units as well in order to hit a quarterly targetThe discussion was about the quarterly deals, which we are expecting later this month and early June. These are being heavily influenced by the ZEV mandate.
oscipop said:
Not doubting you at all but could you elaborate on how it does work then
Hi,So I delivered to a Honda dealer this week, tells me the best deals will be in June as that is the end of the next quarterly target.
Likewise has the same confirmed by a Suzuki dealership.
I dont think all manufacturers work on the same quarterly targets, but a decent number do.
Interesting today, I had to wait around in a Ford dealership as they had ordered the wrong parts for a ranger and they were faffing about,
I had a look around the showroom and got talking to a few of the sales staff.
They are completely puzzled how Ford will meet its electric vehicle target this year, they fully expect large manufacturer discounts on Ford electric vehicles (mustang, explorer (rebadged ID4) and the transit? Is that it?) as they haven’t sold many and said the interest is not there.
When you see the list prices Ford are asking for the electric cars you can understand why customers are not interested.
ACCYSTAN said:
Hi,
So I delivered to a Honda dealer this week, tells me the best deals will be in June as that is the end of the next quarterly target.
Likewise has the same confirmed by a Suzuki dealership.
I dont think all manufacturers work on the same quarterly targets, but a decent number do.
Interesting today, I had to wait around in a Ford dealership as they had ordered the wrong parts for a ranger and they were faffing about,
I had a look around the showroom and got talking to a few of the sales staff.
They are completely puzzled how Ford will meet its electric vehicle target this year, they fully expect large manufacturer discounts on Ford electric vehicles (mustang, explorer (rebadged ID4) and the transit? Is that it?) as they haven’t sold many and said the interest is not there.
When you see the list prices Ford are asking for the electric cars you can understand why customers are not interested.
That’s likely to be the case if you see one dealer giving a bit off compared to others but in the case of Audi deals they are coming from Audi directly, that’s why the pricing is poor right now compared to august when the deals were flowing. Pricing is £100 different on some models without the support from Audi. So I delivered to a Honda dealer this week, tells me the best deals will be in June as that is the end of the next quarterly target.
Likewise has the same confirmed by a Suzuki dealership.
I dont think all manufacturers work on the same quarterly targets, but a decent number do.
Interesting today, I had to wait around in a Ford dealership as they had ordered the wrong parts for a ranger and they were faffing about,
I had a look around the showroom and got talking to a few of the sales staff.
They are completely puzzled how Ford will meet its electric vehicle target this year, they fully expect large manufacturer discounts on Ford electric vehicles (mustang, explorer (rebadged ID4) and the transit? Is that it?) as they haven’t sold many and said the interest is not there.
When you see the list prices Ford are asking for the electric cars you can understand why customers are not interested.
williduck said:
What are you holding out for if you don’t mind me asking? Just a better Tesla deal?
I’m probably holding out for something that won’t come around. Leasing wise I had a Merc GLE from 2018-2020 for £370pm and since then been in a VW Touareg Black edition for £400pm (both 10k a year). I think those days are gone so will probably have to settle for the Tesla, unless an SUV comes along which is an unbelievable deal sub £450pm. EddieSteadyGo said:
Blown2CV said:
lease funding does not come from dealers, and neither does the additional financial support required to create cheap lease deals. That money comes centrally from the manufacturer or the funder themselves. The dealers have very little margin to play with so they do not decide at all whether a car is cheap or not. Those days ended about 20 years ago. The financial risk and decisioning associated with leasing within the funder and the manufacturer is far more swayed by other factors such as run out models, market positioning, new model footprint, interest rates, projected residuals, macro-economic factors etc than it is by quarterly targets. I am not even sure if manufacturers are funders even track quarterly unit sales or new contracts in this way. It is to some degree still a unit numbers game, but there are far more impactful levers affecting whether good deals exist or not.
This is irrelevant. The discussion was about the quarterly deals, which we are expecting later this month and early June. These are being heavily influenced by the ZEV mandate.
EddieSteadyGo said:
Fast Bug said:
If manufacturers are short of a quarterly number they'll push a deal out to try and hit their target. You may see some large dealer groups chuck money at units as well in order to hit a quarterly target
Makes sense. And I know this is your area too.Blown2CV said:
EddieSteadyGo said:
Fast Bug said:
If manufacturers are short of a quarterly number they'll push a deal out to try and hit their target. You may see some large dealer groups chuck money at units as well in order to hit a quarterly target
Makes sense. And I know this is your area too.
ACCYSTAN said:
Hi,
So I delivered to a Honda dealer this week, tells me the best deals will be in June as that is the end of the next quarterly target.
Likewise has the same confirmed by a Suzuki dealership.
I dont think all manufacturers work on the same quarterly targets, but a decent number do.
That’s retail sales though - mainly likely to be PCP. So I delivered to a Honda dealer this week, tells me the best deals will be in June as that is the end of the next quarterly target.
Likewise has the same confirmed by a Suzuki dealership.
I dont think all manufacturers work on the same quarterly targets, but a decent number do.
The lease deals are still regarded as business deals and are often done through brokers - it’s not generally a quick enough turnaround to offer deals that have to registered that month, at least, not at any scale.
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