Best lease car deals available?

[ghibbett]

moffat said:

A C63 is going to depreciate by £16k or more in the first 2 years so I am not sure what the issue us?

Yep more than 16k in 2 years is right. More like £25k+...!!

[Welshbeef]

moffat said:

In my experience most lease companies will happily accept the purchase of an ex lease car as it saves on Approved Used Car checks and maintenance prior to sale again.

Having said that some manufacturers need to control used stock so will likely auction the right cars to dealers.

They should consider it as if the offer is good enough its a risk free option and zero selling costs. Why they don't even advertise that they would contemplate this is odd.

[Wills2]

ghibbett said:

moffat said:

A C63 is going to depreciate by £16k or more in the first 2 years so I am not sure what the issue us?

Yep more than 16k in 2 years is right. More like £25k+...!!

Well it all depends on what price you pay to start with, for an example my old m3 worked like this:

63k list
45k purchase price
34.5k trade in after 20 month and 38k miles
10.5k in depreciation.

I didn't pay cash so the car cost me 14k over that period (deposit + payments) so I would have been better off paying cash.

[jonnydm]

Wills2 said:

ghibbett said:

moffat said:

A C63 is going to depreciate by £16k or more in the first 2 years so I am not sure what the issue us?

Yep more than 16k in 2 years is right. More like £25k+...!!

Well it all depends on what price you pay to start with, for an example my old m3 worked like this:

63k list
45k purchase price
34.5k trade in after 20 month and 38k miles
10.5k in depreciation.

I didn't pay cash so the car cost me 14k over that period (deposit + payments) so I would have been better off paying cash.

For comparisson, any idea how much 2 year lease deals were on the M3 when you bought?

[gizlaroc]

Welshbeef said:

moffat said:

In my experience most lease companies will happily accept the purchase of an ex lease car as it saves on Approved Used Car checks and maintenance prior to sale again.

Having said that some manufacturers need to control used stock so will likely auction the right cars to dealers.

They should consider it as if the offer is good enough its a risk free option and zero selling costs. Why they don't even advertise that they would contemplate this is odd.

But you're missing the point of a Contract Hire, the company hiring it to you doesn't own it, it is not their car to offer.

[Wills2]

jonnydm said:

Wills2 said:

ghibbett said:

moffat said:

A C63 is going to depreciate by £16k or more in the first 2 years so I am not sure what the issue us?

Yep more than 16k in 2 years is right. More like £25k+...!!

Well it all depends on what price you pay to start with, for an example my old m3 worked like this:

63k list
45k purchase price
34.5k trade in after 20 month and 38k miles
10.5k in depreciation.

I didn't pay cash so the car cost me 14k over that period (deposit + payments) so I would have been better off paying cash.

For comparisson, any idea how much 2 year lease deals were on the M3 when you bought?

Good question, a basic spec one was about £500 on CH IIRC, but once you started to add on extras the price shot up.

[jonnydm]

Wills2 said:

jonnydm said:

Wills2 said:

ghibbett said:

moffat said:

A C63 is going to depreciate by £16k or more in the first 2 years so I am not sure what the issue us?

Yep more than 16k in 2 years is right. More like £25k+...!!

Well it all depends on what price you pay to start with, for an example my old m3 worked like this:

63k list
45k purchase price
34.5k trade in after 20 month and 38k miles
10.5k in depreciation.

I didn't pay cash so the car cost me 14k over that period (deposit + payments) so I would have been better off paying cash.

For comparisson, any idea how much 2 year lease deals were on the M3 when you bought?

Good question, a basic spec one was about £500 on CH IIRC, but once you started to add on extras the price shot up.

So works well as a comparisson then.

In this case, it really would have been dependant on what worked best for you as the punter. For ref, lets assume you'd have got £1k less 4 months later.

That £15k over 2 years as a 6+23 works out as just under £520 a month.

[moffat]

gizlaroc said:

But you're missing the point of a Contract Hire, the company hiring it to you doesn't own it, it is not their car to offer.

That's not true in many cases. My car is 'owned' by Mercedes Benz Financial Services, so ultimately by Mercedes Benz the parent. So it is their car to decide what do do with.

Many people confuse the internet broker where they got their deal with the actual lease company, which in a lot of cases is the manufacturer finance house (not always the case though).

[DUMBO100]

Bmw 420d X drive?

http://www.jasuvehicleleasing.co.uk/car-leasing/bm...

[Park'O]

DUMBO100 said:

Bmw 420d X drive?

http://www.jasuvehicleleasing.co.uk/car-leasing/bm...

Looks good!!!!!! But you see that initial £1600 you put down, thats the cars 2yr depreciation your paying for that company.

[kmpowell]

Park'O said:

Looks good!!!!!! But you see that initial £1600 you put down, thats the cars 2yr depreciation your paying for that company.

[soxboy]

Park'O said:

Looks good!!!!!! But you see that initial £1600 you put down, thats the cars 2yr depreciation your paying for that company.

What??

[Blown2CV]

kmpowell said:

Park'O said:

Looks good!!!!!! But you see that initial £1600 you put down, thats the cars 2yr depreciation your paying for that company.

punctuation, not really grammar.

[soxboy]

gizlaroc said:

soxboy said:

I have had first refusal on all of the lease cars I've had, including one where in hindsight I should have bitten their arm off. The only thing that stopped me was that the car was no longer practical for me.

Is that a lease car or a hire car?


A lease will allow you to buy at the end if you want, that is after all what it is designed for, contract hire there is usually very little chance.

Not saying it is not possible, but often the car is already accounted for at the end of the agreement going back into the approved used car scheme where they will get top whack for it.

I've dug out the old papers for it.

It was an Audi A4 cabrio on contract hire. I got it in March 2007 on a 3+23 at £309.64 inc Vat, 10,000 miles pa. The agreement was with VW Financial Services.

I've found an invoice for it which shows the 'price' of £25k, which was a fair bit less than list.

At the end they offered me the chance to buy it for £13k in March 2009 (bottom of market), which could have meant I bought the car for £21k in total payments. Not a cat in hell's chance that I could have got it for that from an Audi dealer.

A few weeks later I did a search on the Audi used car website and found it at a dealer in Dundee for £19k!

[JQ]

Park'O said:

DUMBO100 said:

Bmw 420d X drive?

http://www.jasuvehicleleasing.co.uk/car-leasing/bm...

Looks good!!!!!! But you see that initial £1600 you put down, thats the cars 2yr depreciation your paying for that company.

Huh, that's a £35,000 car. How much do you think it will depreciate over 2 years?

[lewkini]

jdearden said:

pulled the trigger on a corsa vxr through leaseyournext car. 161 inclusive fully maintained 10k per annum.
think its a bargain and was too good to say no too, should be great fun as the daily run around then the noble for the weekend blasts

How long was this over? any options? was this personal lease?

[gizlaroc]

moffat said:

gizlaroc said:

But you're missing the point of a Contract Hire, the company hiring it to you doesn't own it, it is not their car to offer.

That's not true in many cases. My car is 'owned' by Mercedes Benz Financial Services, so ultimately by Mercedes Benz the parent. So it is their car to decide what do do with.

Many people confuse the internet broker where they got their deal with the actual lease company, which in a lot of cases is the manufacturer finance house (not always the case though).

In the case of a manufacturer supplying the car they tend to need top dollar back at the end of the agreement, hence why they put them through their own retailers or through closed auctions.

There are always exceptions, but the vast majority of contract hire deals have already off loaded the car at the end of the term before you have even collected it.

This all went completely tits up at the end of 2008 beginning of 2009 when everything crashed, as the retail arm had agreed prices 2 years before and were buying in metal for far more than it was now worth, they got their fingers burnt big time!
I bought a 2 year old A6 3.2fsi Quattro avant with 23k miles on it for £12k off Audi, this was a car that was on forecourts around the UK for £25,000 at the time.

So there are always exceptions, but in general, the contract hire firm won't sell you the car at the end, the deal is done with buyers who buy off them in bulk and pay the price they need to have made the hire period work. It makes life very easy for them and it keeps the relationship with the buyers going.

[gizlaroc]

soxboy said:

gizlaroc said:

soxboy said:

I have had first refusal on all of the lease cars I've had, including one where in hindsight I should have bitten their arm off. The only thing that stopped me was that the car was no longer practical for me.

Is that a lease car or a hire car?


A lease will allow you to buy at the end if you want, that is after all what it is designed for, contract hire there is usually very little chance.

Not saying it is not possible, but often the car is already accounted for at the end of the agreement going back into the approved used car scheme where they will get top whack for it.

I've dug out the old papers for it.

It was an Audi A4 cabrio on contract hire. I got it in March 2007 on a 3+23 at £309.64 inc Vat, 10,000 miles pa. The agreement was with VW Financial Services.

I've found an invoice for it which shows the 'price' of £25k, which was a fair bit less than list.

At the end they offered me the chance to buy it for £13k in March 2009 (bottom of market), which could have meant I bought the car for £21k in total payments. Not a cat in hell's chance that I could have got it for that from an Audi dealer.

A few weeks later I did a search on the Audi used car website and found it at a dealer in Dundee for £19k!

See my post above.

[kmpowell]

Blown2CV said:

kmpowell said:

Park'O said:

Looks good!!!!!! But you see that initial £1600 you put down, thats the cars 2yr depreciation your paying for that company.

punctuation, not really grammar.

Read it again, it's grammar.

[jdearden]

lewkini said:

How long was this over? any options? was this personal lease?

2 year lease any colour paint at no extra cost.
I've gone for Arden blue.