Best lease car deals available?
Discussion
Park said:
Here here hornetrider, a G2L deal again
BMW 3-Series Saloon
330d M-Sport Auto + 19 Alloys, Bi Xenons
£323.99 on a 6+23 with £150+ Docs
Personally like them but wouldn't drive one. Found it for a friend at work in case I can persuade him to sell his 328i and lease. Just bit more than my XC60 but far quicker
Personal or business?BMW 3-Series Saloon
330d M-Sport Auto + 19 Alloys, Bi Xenons
£323.99 on a 6+23 with £150+ Docs
Personally like them but wouldn't drive one. Found it for a friend at work in case I can persuade him to sell his 328i and lease. Just bit more than my XC60 but far quicker
Blown2CV said:
Come on guys, gaz1234 has owned a Vauxhall Astra Club AND a Vectra LS. Cash does indeed rule.
I'm not knocking the guy at all for this, but in 43 months he's done 6000 miles in his E46 M3. So from his point of view there is no need to lease a car. Leasing something in that kind of league would cost him more.RenOHH said:
I'm not knocking the guy at all for this, but in 43 months he's done 6000 miles in his E46 M3. So from his point of view there is no need to lease a car. Leasing something in that kind of league would cost him more.
Quite; I'm just not sure why he has joined the thread. Leasing suits some, doesn't suit others. It's not a panacea to ownership, all depends on personal circumstances.
I don't think this is the thread for discussing "why would anyone lease?" - it's a thread for sharing lease deals...
EK993 said:
Can you explain why it is financially better to invest a large lump sum in cash into a car if you buy from new and intend to only keep for 3 or 4 years? How are you financially better off at the end of the period?
Generally because the interest you pay on a finance deal is greater than the interest you lose by putting cash into a car. Obviously if the dealer or manufacturer provides a discount for using finance that isn't available to the cash buyer, that isn't comparing like with like.Park said:
Here here hornetrider, a G2L deal again
BMW 3-Series Saloon
330d M-Sport Auto + 19 Alloys, Bi Xenons
£323.99 on a 6+23 with £150+ Docs
Personal lease and 8000 miles
Personally like them but wouldn't drive one. Found it for a friend at work in case I can persuade him to sell his 328i and lease. Just bit more than my XC60 but far quicker
I spent all of last week trying to secure one of these, the cars are pre reg from September last year and there are now none available.BMW 3-Series Saloon
330d M-Sport Auto + 19 Alloys, Bi Xenons
£323.99 on a 6+23 with £150+ Docs
Personal lease and 8000 miles
Personally like them but wouldn't drive one. Found it for a friend at work in case I can persuade him to sell his 328i and lease. Just bit more than my XC60 but far quicker
Edited by Park on Sunday 22 February 11:49
Vaud said:
Quite; I'm just not sure why he has joined the thread.
Leasing suits some, doesn't suit others. It's not a panacea to ownership, all depends on personal circumstances.
I don't think this is the thread for discussing "why would anyone lease?" - it's a thread for sharing lease deals...
Yeah of course, but to some people it's just an alien concept. The thread is in general gassing after all; people just come along and post in threads without reading it. I was just pointing out that someone that does 6000 miles in 4 years is bound to ask a question like that!Leasing suits some, doesn't suit others. It's not a panacea to ownership, all depends on personal circumstances.
I don't think this is the thread for discussing "why would anyone lease?" - it's a thread for sharing lease deals...
RenOHH said:
Blown2CV said:
Come on guys, gaz1234 has owned a Vauxhall Astra Club AND a Vectra LS. Cash does indeed rule.
I'm not knocking the guy at all for this, but in 43 months he's done 6000 miles in his E46 M3. So from his point of view there is no need to lease a car. Leasing something in that kind of league would cost him more.gaz1234 said:
If you saved enough then buy it outright.
Why on earth would I want to buy something for £40k then sell it in 3 years time having lost £20k in depreciation and £2500+ in lost interest on the cash, then have the problem of getting rid of it, when I can lease the exact same car for £15k over the same period and just give it back at the end?It's not that difficult a concept to understand for most people.
PorkInsider said:
Why on earth would I want to buy something for £40k then sell it in 3 years time having lost £20k in depreciation and £2500+ in lost interest on the cash, then have the problem of getting rid of it, when I can lease the exact same car for £15k over the same period and just give it back at the end?
In that example you wouldn't but in many other examples (I'd say more often than not) if a car can be purchased for £40k at the best possible discount and is when worth only £20k 3 years later it would likely require more than £20k to lease it for 3 years. Remember, somebody has to pay that depreciation somewhere!Which is the point in this thread - to pick out those rare deals where the lease cost *is* less than the depreciation you'd expect. This usually means settling for whatever is available on a decent lease and not having much choice over options.
For example - a 3 year old BMW 535i M Sport is worth £20k trade lets say at 30k miles. You can purchase one brand new for £36k. So over 3 years you'd lose £16k plus the opportunity cost of the capital. Call it £18k.
Where can you lease one for a total cost of £500 a month or less, which is the loss incurred in buying it? You can't. Therefore buying is better than leasing.
However a few years ago BMW were kicking out 640d's at a staggering £399 on a lease. Where could you buy one and incur less loss than that over the term? You couldn't. Therefore leasing is better than buying.
It's almost as if it differs on a car by car basis!
There are too many people in this thread on both extreme sides of the argument. The WHY WOULD YOU EVER LEASE, YOU CANT AFFORD IT IF YOU CANT BUY CASH brigade are as bad as the 'OMG, WHY WOULD YOU EVER BUY A DEPRECIATING ASSET, LEASING IS A MAGIC ANTI DEPRECIATION BULLET' crowd.
k up. va1o said:
£6977 over the 2-years so slightly more expensive than the CVL GTD deal, which is £6611 (including excess mileage charge for doing 10k per annum)
http://www.centralukvehicleleasing.co.uk/vehicle/c...
The vRS looks very tempting. I assume the standard wheels are different from those in all the ads?http://www.centralukvehicleleasing.co.uk/vehicle/c...
One thing I'm not sure of is why pre-buying miles seems to cost more than not doing - the Golf above is a good example of that. I'd have thought the opposite (because if you go low miles but overrun then you've effectively got money in the bank for the duration of the lease?)
yajeed said:
The vRS looks very tempting. I assume the standard wheels are different from those in all the ads?
One thing I'm not sure of is why pre-buying miles seems to cost more than not doing - the Golf above is a good example of that. I'd have thought the opposite (because if you go low miles but overrun then you've effectively got money in the bank for the duration of the lease?)
It seems to be due to VWFS offering quite a low excess charge of 6p per mile + VAT, which means as you say it can be cheaper to not 'pre buy' the miles. One thing I'm not sure of is why pre-buying miles seems to cost more than not doing - the Golf above is a good example of that. I'd have thought the opposite (because if you go low miles but overrun then you've effectively got money in the bank for the duration of the lease?)
Some of the other finance houses charge a high excess at the end (I've seen up to 30/ 40p per mile) but are quite cheap if you want to add extra miles on at the start of the contract.
va1o said:
It seems to be due to VWFS offering quite a low excess charge of 6p per mile + VAT, which means as you say it can be cheaper to not 'pre buy' the miles.
Some of the other finance houses charge a high excess at the end (I've seen up to 30/ 40p per mile) but are quite cheap if you want to add extra miles on at the start of the contract.
It just seems madness; It makes you wonder why VW even bother selling > 5k/annum leases as the rest are overly expensive. Very odd. Some of the other finance houses charge a high excess at the end (I've seen up to 30/ 40p per mile) but are quite cheap if you want to add extra miles on at the start of the contract.
Ah well, as long as there's no downside that I've missed (other than having to be conscious of any overspend during the contract) then I don't suppose it matters!
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