Best Lease Car Deals Available? (Vol 10)

Tuesday 16th April

aliwtsn said:

Just had an XM deal through from leasing Options this afternoon.

48 months
5k miles
£731 a month with £4.4k down
This had the 22" optional alloys @ £1650

Local BMW garages can get great deals on them too delivery due June - Sept however the dealerships can only get 24 months lease. Waiting on further deals coming through tomorrow

There is also a deal on the X7's for anyone interested ask and quote this as these are where the discounts are.

"Q2 2024 M Car/X7 & XM CH Campaign (24m) "

Edited by aliwtsn on Tuesday 16th April 20:34

That is some serious money and still only 5k miles a year. Spiders me!

Familymad

668 posts

218 months

Tuesday 16th April

The deal on EQC 400 AMG line’s are amazing. Rubbish range for such a big battery but as a second car, cracking.

maccas99

1,708 posts

189 months

Wednesday 17th April

Mad Maximus said:

That is some serious money and still only 5k miles a year. Spiders me!

Saw one on the school run this morning, ghastly things. If it's a cheap lease I can see the logic, but that's not cheap.

J1990

816 posts

54 months

Wednesday 17th April

maccas99 said:

Mad Maximus said:

That is some serious money and still only 5k miles a year. Spiders me!

Saw one on the school run this morning, ghastly things. If it's a cheap lease I can see the logic, but that's not cheap.

Whilst I wouldn't part with that money for something as ugly as the XM, it is still cheap for a car that starts at £110k.

maccas99

1,708 posts

189 months

Wednesday 17th April

J1990 said:

Whilst I wouldn't part with that money for something as ugly as the XM, it is still cheap for a car that starts at £110k.

£40k ish to lease a BMW for 4 years isn't cheap in my view, I don't care what it is. And isn't that way off on the percentage criteria - something like 36%? 5k miles is also pointless for most.

511 posts

79 months

Wednesday 17th April

Central Vehicle Leasing just emailed the following in stock offer:

Hyundai Ioniq 5 SE Connect Full Electric Auto 58Kwh
Term: 18 Months
Mileage Rental: 8,000 pa *
Business Contract Hire from
£158.30 + VAT
Personal Contract Hire from
£189.96 inc. VAT
Initial Rental Business: £1,899.60 + VAT (12+)
Initial Rental Personal: £2,279.52 inc VAT (12+)
Admin Fee: £150.00 + VAT

J1990

816 posts

54 months

Wednesday 17th April

maccas99 said:

J1990 said:

Whilst I wouldn't part with that money for something as ugly as the XM, it is still cheap for a car that starts at £110k.

£40k ish to lease a BMW for 4 years isn't cheap in my view, I don't care what it is. And isn't that way off on the percentage criteria - something like 36%? 5k miles is also pointless for most.

Worth noting that the 20% target that many remember as a target in this thread was also only for 2 years, not 4 years.
A quick look on Select (not sure who has the cheapest XM deal) shows that on 1+23 10k miles a year it's £1,051/month. So £25,224 over 2 years or 22.7% of sales price.

paypeanuts

75 posts

64 months

Wednesday 17th April

rich_miller7 said:

Central Vehicle Leasing just emailed the following in stock offer:

Hyundai Ioniq 5 SE Connect Full Electric Auto 58Kwh
Term: 18 Months
Mileage Rental: 8,000 pa *
Business Contract Hire from
£158.30 + VAT
Personal Contract Hire from
£189.96 inc. VAT
Initial Rental Business: £1,899.60 + VAT (12+)
Initial Rental Personal: £2,279.52 inc VAT (12+)
Admin Fee: £150.00 + VAT

So £316 per month amortised over the 18 months. Seems reasonable to me.

Pistonheadsdicoverer

179 posts

47 months

Wednesday 17th April

rich_miller7 said:

Central Vehicle Leasing just emailed the following in stock offer:

Hyundai Ioniq 5 SE Connect Full Electric Auto 58Kwh
Term: 18 Months
Mileage Rental: 8,000 pa *
Business Contract Hire from
£158.30 + VAT
Personal Contract Hire from
£189.96 inc. VAT
Initial Rental Business: £1,899.60 + VAT (12+)
Initial Rental Personal: £2,279.52 inc VAT (12+)
Admin Fee: £150.00 + VAT

that's a great deal at less than £310 amortized.
One thing though, I couldn't find that exact trim on Hyundai.
There's Premium, Ultimate and Namsan.
Could it be an earlier version?

511 posts

79 months

Wednesday 17th April

Pistonheadsdicoverer said:

that's a great deal at less than £310 amortized.
One thing though, I couldn't find that exact trim on Hyundai.
There's Premium, Ultimate and Namsan.
Could it be an earlier version?

This was the spec from the email I received:

12.3 " Virtual Cockpit / 12.3 " Sat Nav / Media Centre Screen
Highway Drive Assist, Lane Keep assist, Apple Carplay / Android Auto
Rear View Camera, Power tailgate, Smart Cruise Control with Stop & Go
Wireless phone charger, Battery Heating system, 7 pin and 3 pin charging cable
Privacy Glass, 19" Alloys, 2 Rear USB C, 50KW Rapid Charge Port
Dual Zone climate, Mood lighting, Sliding rear seats
Flush Door Handles, Black Door Mirrors, Split folding seats
Keyless Entry, 240 Mile Range

aliwtsn

79 posts

109 months

Wednesday 17th April

J1990 said:

Worth noting that the 20% target that many remember as a target in this thread was also only for 2 years, not 4 years.
A quick look on Select (not sure who has the cheapest XM deal) shows that on 1+23 10k miles a year it's £1,051/month. So £25,224 over 2 years or 22.7% of sales price.

Indeed, a good deal I think everyone just needs to be aware these vehicles seem overpriced from the off and they do look like a transformer from the front. If you can see past that and look at the interior for comfort it's not the worst car.

BMW direct offer this which works out £24k over 2 years which again is alot of coin but for a £114,000 car it's decent. 21.05% it works out as. Below copied from the quote for info...

We are pleased to give the following quotation for finance from BMW Financial Services.
The quotation will remain valid until 15th May 2024.
Period and Payments
(a) Initial Rental(s) £8,247.02
(b) Administration Fee payable with Initial Rental £0.00
(c) Subsequent Monthly Rental £687.25

Followed by 23 Monthly Rentals:
All figures shown above are inclusive of VAT
£8,247.02
£687.25

rrollins

4 posts

1 month

Wednesday 17th April

As I've just started to trade as a Limited Company, may I still take out a business lease ok or will I run into issues, what are they and are there workarounds? Really useful group for the newbie!

Richtea1970

1,124 posts

61 months

Wednesday 17th April

rich_miller7 said:

Pistonheadsdicoverer said:

that's a great deal at less than £310 amortized.
One thing though, I couldn't find that exact trim on Hyundai.
There's Premium, Ultimate and Namsan.
Could it be an earlier version?

This was the spec from the email I received:

12.3 " Virtual Cockpit / 12.3 " Sat Nav / Media Centre Screen
Highway Drive Assist, Lane Keep assist, Apple Carplay / Android Auto
Rear View Camera, Power tailgate, Smart Cruise Control with Stop & Go
Wireless phone charger, Battery Heating system, 7 pin and 3 pin charging cable
Privacy Glass, 19" Alloys, 2 Rear USB C, 50KW Rapid Charge Port
Dual Zone climate, Mood lighting, Sliding rear seats
Flush Door Handles, Black Door Mirrors, Split folding seats
Keyless Entry, 240 Mile Range

If it was the longer range version i would have been all over that.
But still a good deal if you can live with 200 miles, which most can.

511 posts

79 months

Wednesday 17th April

Richtea1970 said:

If it was the longer range version i would have been all over that.
But still a good deal if you can live with 200 miles, which most can.

Electric cars are not for me, but agree good deal in the current climate.

Boabyb

37 posts

99 months

Wednesday 17th April

paypeanuts said:

rich_miller7 said:

Central Vehicle Leasing just emailed the following in stock offer:

Hyundai Ioniq 5 SE Connect Full Electric Auto 58Kwh
Term: 18 Months
Mileage Rental: 8,000 pa *
Business Contract Hire from
£158.30 + VAT
Personal Contract Hire from
£189.96 inc. VAT
Initial Rental Business: £1,899.60 + VAT (12+)
Initial Rental Personal: £2,279.52 inc VAT (12+)
Admin Fee: £150.00 + VAT

So £316 per month amortised over the 18 months. Seems reasonable to me.

Slightly cheaper here https://www.21stcenturymotors.co.uk/car-leasing/hy...

-Cappo-

19,596 posts

204 months

Wednesday 17th April

Boabyb said:

paypeanuts said:

rich_miller7 said:

Central Vehicle Leasing just emailed the following in stock offer:

Hyundai Ioniq 5 SE Connect Full Electric Auto 58Kwh
Term: 18 Months
Mileage Rental: 8,000 pa *
Business Contract Hire from
£158.30 + VAT
Personal Contract Hire from
£189.96 inc. VAT
Initial Rental Business: £1,899.60 + VAT (12+)
Initial Rental Personal: £2,279.52 inc VAT (12+)
Admin Fee: £150.00 + VAT

So £316 per month amortised over the 18 months. Seems reasonable to me.

Slightly cheaper here https://www.21stcenturymotors.co.uk/car-leasing/hy...

Ref the initial rental amount, I just did a fag-packet calculation on this. 12 months initial, 180 pcm, equals 5220 total (exc fees). 1 month initial, 290 pcm (from the 21st Century website), equals, er, £5220.

If I have that right, why would you bung the higher initial amount at them if it costs the same overall?

511 posts

79 months

Wednesday 17th April

-Cappo- said:

Ref the initial rental amount, I just did a fag-packet calculation on this. 12 months initial, 180 pcm, equals 5220 total (exc fees). 1 month initial, 290 pcm (from the 21st Century website), equals, er, £5220.

If I have that right, why would you bung the higher initial amount at them if it costs the same overall?

Guess that depends what you want the monthly payments to look like

sunniguy

133 posts

108 months

Wednesday 17th April

Can't get any of the brokers to actually quote me on the Ioniq deal. All cars probably been allocated.

Jonni2bad

9 posts

2 months

Wednesday 17th April

Boabyb said:

Slightly cheaper here https://www.21stcenturymotors.co.uk/car-leasing/hy...

Noted in the description that these cars are potentially nearly 2 years old ("...Vehicle Model year 2022 Q3 | Release date 08-07-2022...")

Are they likely to just be 'un-leased' for that period of time, or possibly low-mileage pre-used?

Seems odd, that's all.

511 posts

79 months