Leasing - General Discussion
Discussion
I'm just in the process of getting decision in principle off my mortgage provider for us to move home. We are 20k short of what we need due to car lease we have. We could easily pay the final 2 years of the 3 year lease up front in cash to fully remove it from the equation.
Has anyone heard of this being done before?
Has anyone heard of this being done before?
Not sure if this is the right place to post this.
I knackered an alloy off a pothole last week. The wheel itself is fine (in terms of marks etc) however it does not have a big dent (straight bit instead of round) and it’ll certainly be picked up on when I hand the lease car back.
I’m concerned they’ll charge me the full whack for replacing the wheel. Anyone have any experience of getting something like that repaired and how it looked? Or am I safer just trying to find a 2nd hand replacement which is in good condition to swap it out ?
I knackered an alloy off a pothole last week. The wheel itself is fine (in terms of marks etc) however it does not have a big dent (straight bit instead of round) and it’ll certainly be picked up on when I hand the lease car back.
I’m concerned they’ll charge me the full whack for replacing the wheel. Anyone have any experience of getting something like that repaired and how it looked? Or am I safer just trying to find a 2nd hand replacement which is in good condition to swap it out ?
I ordered a Fiesta last October for delivery March. I finally got word it was ready for delivery Tuesday last week. The delivery driver phoned me on the Monday night and say he would be there around 9am. Got to 11.30am on the Tuesday and no sign of the car. Messaged the mobile number to ask where he was, to get a reply back saying the engine management light and tyre preasure has come on so had to get towed to the nearest Ford garage.
After speaking to the Ford garage it got towed to the car needs a new tyre and alloy. After a few phone calls between the providing Ford dealer and the Ford garage it got towed to they agree to the cost. After a few days of silence I have now been told the invoice for the work has been sent to the delivery company and they won't release the car till it paid.
They seem to be refusing to pay so now the car is just sitting at the dealership till someone pays for the invoice.
My current lease which is with a diferent provider to the Fiesta was meant to be picked up last Tuesday but after getting the news they cancelled the collection and let me keep the car till it sorted.
I don't know where I stand now as no one wants to take responsibility.
After speaking to the Ford garage it got towed to the car needs a new tyre and alloy. After a few phone calls between the providing Ford dealer and the Ford garage it got towed to they agree to the cost. After a few days of silence I have now been told the invoice for the work has been sent to the delivery company and they won't release the car till it paid.
They seem to be refusing to pay so now the car is just sitting at the dealership till someone pays for the invoice.
My current lease which is with a diferent provider to the Fiesta was meant to be picked up last Tuesday but after getting the news they cancelled the collection and let me keep the car till it sorted.
I don't know where I stand now as no one wants to take responsibility.
I'm on a PCP with my Ateca, only £287/month but it's ending June 23. I've been looking at the Tarraco since we're genuinely pleased with the SEAT - a fault free car, spacious for it's size and better than equivalents to drive (it's not a driver's car exactly but feels more like a cross over than an SUV).
Despite projecting c£4k equity remaining in the current car next year, I got quoted £465/month (no deposit) for the Tarraco Excellence Lux and a 9 month wait. That's excessive.
But good news on the leasing front - I'm going down the electric route for the BIK discounts and am about to pull the trigger on the BMW iX3 MSport via salary sacrifice on the company car scheme. No deposit and £520/month including insurance, servicing, maintenance and breakdown cover (roadtax isn't applicable but it's included). Overall, doing the maths that's about £100 more per month than the Ateca on a like-for-like basis for a whole lot more car. The iX3 is fully kitted out - panoramic roof, leather interior, metallic paint, adaptive cruise control, digital cockpit, adaptive dampers, high assist beam/adaptive headlights...the list goes on. Even with electricity costs going up and fitting in my home charger (£1000) it's still a good deal.
I'm test driving it tomorrow then getting my order in - lead time is 28 weeks.
Also looked at the Audi Q4 eTron but lead time is 59 weeks and the interior and build didn't quite feel on par with the BMW.
Despite projecting c£4k equity remaining in the current car next year, I got quoted £465/month (no deposit) for the Tarraco Excellence Lux and a 9 month wait. That's excessive.
But good news on the leasing front - I'm going down the electric route for the BIK discounts and am about to pull the trigger on the BMW iX3 MSport via salary sacrifice on the company car scheme. No deposit and £520/month including insurance, servicing, maintenance and breakdown cover (roadtax isn't applicable but it's included). Overall, doing the maths that's about £100 more per month than the Ateca on a like-for-like basis for a whole lot more car. The iX3 is fully kitted out - panoramic roof, leather interior, metallic paint, adaptive cruise control, digital cockpit, adaptive dampers, high assist beam/adaptive headlights...the list goes on. Even with electricity costs going up and fitting in my home charger (£1000) it's still a good deal.
I'm test driving it tomorrow then getting my order in - lead time is 28 weeks.
Also looked at the Audi Q4 eTron but lead time is 59 weeks and the interior and build didn't quite feel on par with the BMW.
Edited by silent ninja on Tuesday 6th September 22:09
I am almost certain I am going to send my a5 sport back early so I can can take advantage of a very cheap car that I have a chance of.
I have 3 outstanding payments and a settlement quote of £375 which is valid until 17th October. Would it be best to pay this close to that date so that I end up keeping the A5 for as long as possible or will the car need to be collected by 17th October to take up the early settlement figure?
I have 3 outstanding payments and a settlement quote of £375 which is valid until 17th October. Would it be best to pay this close to that date so that I end up keeping the A5 for as long as possible or will the car need to be collected by 17th October to take up the early settlement figure?
Mark V GTD said:
You will need to keep making the payments until its collected. If you don't get it collected on or before 17/10 then you will need to get a revised settlement figure.
Are you getting another A5?
No. My mother recently passed away and I am almost certainly going to have her Nissan Juke. Not my dream car by any means but makes a lot of financial sense. Are you getting another A5?
I've been looking for a replacement for my Prius+ that's on a 3 year lease. Lex already offered an informal extension which was really tempting.
However my life has changed a lot recently from needing a 7 seater to wanting something for winter on the Yorkshire Moors (horses involved). So a change before winter now beckons.
The Prius+ is ultra reliable, economic, bland, white goods, and never put a grin on my face. It's worth sending back early if I find a decent deal and factor in the return cost.
4wd leases - paying £15-20k over 3 years..might as well buy.
A Nissan Cashcow 4wd would be the sensible option, or possibly a RAV4/Freelander. Are we still awake? Yawn.
But this is Pistonheads.
Enter a 2018 Subaru Forester XT - 2l turbo, auto, same engine as the WRX but slightly lower power. £17k as it needed a new front driveshaft and is higher mileage so that put buyers off. £18k all fixed and CVT/diff oils changed for good measure.
Now this is the sort of car that makes you grin as long as you don't look at the mpg. It can tootle around all day in normal mode, or just flick into Sport Sharp (silly name) mode and it becomes a knicker dropping grin machine.
No point trying to find decent deals, it's low volume-high margin now. With fuel prices high, now's the time to scratch your itch. There's secondhand deals to be had if you wait.
Get that E5 pumped and grin.
WarnieV6GT said:
I'm just in the process of getting decision in principle off my mortgage provider for us to move home. We are 20k short of what we need due to car lease we have. We could easily pay the final 2 years of the 3 year lease up front in cash to fully remove it from the equation.
Has anyone heard of this being done before?
Yes, they look at overall lending burden.Has anyone heard of this being done before?
Dwh8611 said:
Hi all. I have a lease vehicle through Leasys and was wondering if anyone has a return price list available for wear/tear and damage as recently had a small knock and would like to see if it’s worth repairing or leaving and paying at the end of lease.
Many Thanks
I don't believe they have official price list on damage. I called them and asked about it and was advised it would be cheaper to just leave any damage. I had small paint damage by the wheel and was charged £55 for it, which I think was fair. I wouldn't be able to fix it myself for that amount. Many Thanks
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