Best Lease Car Deals Available? (Vol II)

[msport123]

Maybe allowing customers to extend their leases on a month by month basis would actually allow the manufacturer to somewhat control the 'flood' that's about to hit the market and therefore help residuals.

[Fast Bug]

msport123 said:

Maybe allowing customers to extend their leases on a month by month basis would actually allow the manufacturer to somewhat control the 'flood' that's about to hit the market and therefore help residuals.

This in a nut shell. The RV's would take a kicking if 50-100 ex R's hit the market at once

[imran9999]

silentbrown said:

I'd be amazed if they ever spend money fixing cars. Surely they just punt them out at auction "as is" and let the buyers fix them up?

Also, it's the same whenever you sell a car. The buyer/trader will want to knock you down on price for any defect MORE than they think it's going to cost THEM to fix. Those that don't will be out of business pretty quickly.

I was told that it would be the auction house that would be picking up the Golf R's at end of term and that they would be auctioned at a closed auction i.e dealer only....whether that was VW dealer only i am not sure.

[fataitch]

BLOWN2CV - why are you so full of sh*t when you clearly know very little about that which you spout ?

I'm with Leaseplan and have had the same offer; i know of several others too, some with Leaseplan, some not. I also know of 2 Leaseplan customers on the same deal/same car who haven't been offered the same option to extend.

Whilst the lack of consistency is hard to fathom, there's no reason whatsoever for you to question someone's credibility.

The business model makes perfect sense. Several hundred vehicles arriving at auction over several months (whilst accruing a rental income at the same time) is many pounds better than them all running through the same lot.

[Outrun]

fataitch said:

BLOWN2CV - why are you so full of sh*t when you clearly know very little about that which you spout ?

I'm with Leaseplan and have had the same offer; i know of several others too, some with Leaseplan, some not. I also know of 2 Leaseplan customers on the same deal/same car who haven't been offered the same option to extend.

Whilst the lack of consistency is hard to fathom, there's no reason whatsoever for you to question someone's credibility.

The business model makes perfect sense. Several hundred vehicles arriving at auction over several months (whilst accruing a rental income at the same time) is many pounds better than them all running through the same lot.

Exactly this. It was explained to me that I was in the batch that had the option to purchase the car at contract end or to extend lease for a period. Later deals were modified and didn't include this clause. I spoke to the same person who set up my deal initially and she has offered me the option to extend indefinitely with the option to hand back with 1 months notice. She has confirmed that the terms and payments won't change. I have no reason to doubt her. I have accepted the option to extend and am looking forward to keeping the car for as long as I need.

[talksthetorque]

How much notice do they have to give you to take the car back?
Just wondering if they can leave you in an awkward position, if you're waiting for the next deal to come along.

[zayn]

talksthetorque said:

How much notice do they have to give you to take the car back?
Just wondering if they can leave you in an awkward position, if you're waiting for the next deal to come along.

You should recieve letters from your finance company 6 months in advance stating date your agreement ends.

[talksthetorque]

zayn said:

talksthetorque said:

How much notice do they have to give you to take the car back?
Just wondering if they can leave you in an awkward position, if you're waiting for the next deal to come along.

You should recieve letters from your finance company 6 months in advance stating date your agreement ends.

Was thinking more of the guy above with the monthly rolling contract

[PenelopaPitstop]

It could be worth extending for some period, depending on initial deal and payments. If someone paid for options, keeping the same payments means you pay for options again and again. In case of no extra options added to instalments, you pay for depreciation only.

I could consider extension of Audi for one more year but I can't be sure what I would do if it's offered next year. There might be some good deal for another car which is worth taking instead.

I'm in the market for used SLK and I can see real flood of ex-leasing cars. Some of them are really cheap.

Edited by PenelopaPitstop on Wednesday 8th June 07:59

[Shambler]

https://www.vehiclesavers.com/car-leasing/peugeot/...

[cdrx]

Blown2CV said:

I don't think it can just be a leaseplango thing; I'd have thought that it has to be down to VWFS. So, if this is genuine, it would be open to anyone.

VW were offering the great Golf R deals, funded by VWFS.

LeasePlanGo (and all the Network brokers) were also offering the great Golf R deals, but funded by LeasePlan.

As LeasePlan underwrote those cars, not VWFS, they can do what they want with them.

LeasePlan will give you what they call an "informal extension" at the end of your lease, at your existing monthly cost, while you arrange a new lease. The new lease doesn't have to be from LeasePlan. I suspect thats what people in this thread have been offered.

But it works like a tenancy agreement on a rental property, if they want it back at any point they can ask for it. That'll be at a time that suits them, from a residual value perspective. If you want the comfort of knowing you can keep it for exactly the next 12 or 24 months etc, then you ask them for a "formal extension" and that comes with an updated monthly cost.

[Jonno02]

The good thing about 90% of leasers is that they want a brand new car out of the wrapper every 24 months, so most people that see their golf R as a tool, will hand it back. As somebody who was just about to seriously think about buying a Golf R through a broker (Manual, metallic paint, sound system upgrade) for 25.5k, I'm rubbing my hands together at the thought of hundreds of R's hitting the market and crashing residuals. Can see DSG's with pretoria's going for nearer the 20k mark.

[Mr Trophy]

I'd be interested to see what this deal on the S3 is.

[Sheepshanks]

Fast Bug said:

This in a nut shell. The RV's would take a kicking if 50-100 ex R's hit the market at once

Would 50-100 cars really move the whole market (for that car)? There's over 200 VW dealers so it's not like every dealer would be swamped with them.

[AGK]

Sheepshanks said:

Would 50-100 cars really move the whole market (for that car)? There's over 200 VW dealers so it's not like every dealer would be swamped with them.

My local VW dealer who are pretty small have 3 R's on the forecourt. They had a manual Lapiz Blue for £21k too.


It definitely has some sort of effect on the market.

[silentbrown]

Sheepshanks said:

Would 50-100 cars really move the whole market (for that car)? There's over 200 VW dealers so it's not like every dealer would be swamped with them.

Only 12 2014 'R's listed on PH at the moment, so yes, I'd think so.

[Fast Bug]

Sheepshanks said:

Fast Bug said:

This in a nut shell. The RV's would take a kicking if 50-100 ex R's hit the market at once

Would 50-100 cars really move the whole market (for that car)? There's over 200 VW dealers so it's not like every dealer would be swamped with them.

For a Golf TDI Match, no not all. For a 'halo' model like the R, yes it would as there aren't many in the market place. Say all of the VWFS ones go through a closed auction for dealers only, the dealers will see there are lots of cars available, so will be picky over the ones they'll want to buy and they won't want to pay top dollar for them as they'll know that every dealer in the land will have them on their forecourt as well, so the prices will be driven down.

[cbehagg242]

I'm expecting delivery of an M235i next month and have opted to include maintenance.

Just wondering how this works with regards to the services/tyre replacement etc.

Does the finance company front the bill or reimburse you for the service costs?

[TomEP]

Jonno02 said:

The good thing about 90% of leasers is that they want a brand new car out of the wrapper every 24 months, so most people that see their golf R as a tool, will hand it back. As somebody who was just about to seriously think about buying a Golf R through a broker (Manual, metallic paint, sound system upgrade) for 25.5k, I'm rubbing my hands together at the thought of hundreds of R's hitting the market and crashing residuals. Can see DSG's with pretoria's going for nearer the 20k mark.

Can't see them hitting that price for a while yet. i think the market won't dip that much, a lot of people would have contract hired them who may have pcp'd them anyway.

Either way you are probably best off waiting and seeing what happens

[talksthetorque]

cbehagg242 said:

I'm expecting delivery of an M235i next month and have opted to include maintenance.

Just wondering how this works with regards to the services/tyre replacement etc.

Does the finance company front the bill or reimburse you for the service costs?

You call the leaseco, tell them where you are, and they send book you in with the nearest main dealer/kwik-fit.
You don't pay a penny. The dealer/branch of kwikfit phone for authorisation for any work over servicing or tyre measurements.