Best lease car deals available?
Discussion
xRIEx said:
I don't think it's too far off, looking at something like this in the PH classifieds and trying to spec to the same level (at least £2.5K of options at list price), somewhere like DTD might be what, £35-36K (going on the £33K-ish in the post above as a baseline)? Given what the dealer would have taken it in for, I reckon there's probably not more than a few quid difference in the end, maybe even in favour of the lease (factoring in RFL too).
That is a completely different car - it is a 5 Series GT SE, a car hated on the used market, not an 530d M Sport saloon.anonymous said:
[redacted]
The market has been 'flooded with used ones coming off lease' since the F10 was 3 years old a year ago. The new model will be released approximately 3.5 years after the LCI, so 2017, ie, after the end of this deal.I just don't think its that great - fund a DTD car however you like, I bet you'll walk away 2 years later having spent less money financing conventionally, paying cash, or whatever - basically, any way other than this lease, thats all. It looks like an entirely conventional lease deal - ie, the most expensive way of driving that particular car for 2 years, but with the advantage of being the most convenient.
My understanding of this thread is that it was for the bonkers awesome deals - ie those Golf R's - deals for which you'd need to be mad to aquire the vehicle any other way than leasing it. Hence my point, this 530d deal doesn't look that special at all. Looks entirely par for the course given predicted depreciation over 2 years. Whereas those Golfs, those M135i's and the 640d's a year or so back were outstanding and you'd have lost much more in depreciation than the lease cost.
Edited by Fox- on Monday 28th July 19:30
I think the deal is pretty good as long as two years and 20k exactly meets your needs.
Given the limited flexibility, it will be wrong for most people.
However £27k does put you into a 2-year-old 530d M Sport saloon with 25k before haggling, and I'd expect that to have at least £4k in margin. So you're paying £10k to own that car for two years, no matter what, assuming you move it on then.
Factor in finance costs, convenience, and risk (i.e., you have a guaranteed outcome and if the bottom falls out of the market because the government taxes everything on engine size rather than CO2, the lease company takes the bath, not you) and you have a decent deal if you want that particular car with that particular usage profile.
Given the limited flexibility, it will be wrong for most people.
However £27k does put you into a 2-year-old 530d M Sport saloon with 25k before haggling, and I'd expect that to have at least £4k in margin. So you're paying £10k to own that car for two years, no matter what, assuming you move it on then.
Factor in finance costs, convenience, and risk (i.e., you have a guaranteed outcome and if the bottom falls out of the market because the government taxes everything on engine size rather than CO2, the lease company takes the bath, not you) and you have a decent deal if you want that particular car with that particular usage profile.
I spent MONTHS trying to buy a *FOUR* year old 530d M Sport for £20k and found nothing even close - even heading up to £23-24k and you needed 50k+ on the clock before they appeared. Right now the cheapest AUC 530d M Sport in the country with under 30k on it (Lets remember this lease will take you to a max of 20k from new) is £25k. Sure, there is margin in that and you won't see that for it trading in but... its a 2010 car and it's up for £25k so they hardly paid £9995 for it.
So a car half the age with 33% less miles is surely going to have lost less than £10k if you've paid £33k for it brand new.
The lease is priced based on predicted residuals, so the fact that whoever is backing this deal thinks it can get enough money back for the car at the end of the deal + profit for itself by charging £10k over 2 years further supports the idea that these cars won't depreciate by that amount over 2 years from new.
So a car half the age with 33% less miles is surely going to have lost less than £10k if you've paid £33k for it brand new.
The lease is priced based on predicted residuals, so the fact that whoever is backing this deal thinks it can get enough money back for the car at the end of the deal + profit for itself by charging £10k over 2 years further supports the idea that these cars won't depreciate by that amount over 2 years from new.
Edited by Fox- on Monday 28th July 19:47
Fox- said:
xRIEx said:
I don't think it's too far off, looking at something like this in the PH classifieds and trying to spec to the same level (at least £2.5K of options at list price), somewhere like DTD might be what, £35-36K (going on the £33K-ish in the post above as a baseline)? Given what the dealer would have taken it in for, I reckon there's probably not more than a few quid difference in the end, maybe even in favour of the lease (factoring in RFL too).
That is a completely different car - it is a 5 Series GT SE, a car hated on the used market, not an 530d M Sport saloon.Fox- said:
I spent MONTHS trying to buy a *FOUR* year old 530d M Sport for £20k and found nothing even close - even heading up to £23-24k and you needed 50k+ on the clock before they appeared. Right now the cheapest AUC 530d M Sport in the country with under 30k on it (Lets remember this lease will take you to a max of 20k from new) is £25k. Sure, there is margin in that and you won't see that for it trading in but... its a 2010 car and it's up for £25k so they hardly paid £9995 for it.
So a car half the age with 33% less miles is surely going to have lost less than £10k if you've paid £33k for it brand new.
The lease is priced based on predicted residuals, so the fact that whoever is backing this deal thinks it can get enough money back for the car at the end of the deal + profit for itself by charging £10k over 2 years further supports the idea that these cars won't depreciate by that amount over 2 years from new.
On that basis, a car half the age for £800 more looks like a steal:So a car half the age with 33% less miles is surely going to have lost less than £10k if you've paid £33k for it brand new.
The lease is priced based on predicted residuals, so the fact that whoever is backing this deal thinks it can get enough money back for the car at the end of the deal + profit for itself by charging £10k over 2 years further supports the idea that these cars won't depreciate by that amount over 2 years from new.
Edited by Fox- on Monday 28th July 19:47
http://www.approved.bmw.co.uk/bmwuk/bmwauc/details...
Excess mileage on that would be £1k or so over the lease so you're at £7k new retail to used retail in two years. Add on £3k for margin and cost of finance and you're back at £10k.
CYMR0 said:
On that basis, a car half the age for £800 more looks like a steal:
http://www.approved.bmw.co.uk/bmwuk/bmwauc/details...
A very odd car, advert claims it has Sport Auto and it doesnt, it also claims to have Pro media which it doesn't. I suspect it's a zero specification car, so no navigation or xenons, which really hits residuals. For context, all new 5 Series now have both navigation and xenons as standard.http://www.approved.bmw.co.uk/bmwuk/bmwauc/details...
It also has no extended light package which might sound anal but it's standard fit on every 530d....
Fox- said:
CYMR0 said:
On that basis, a car half the age for £800 more looks like a steal:
http://www.approved.bmw.co.uk/bmwuk/bmwauc/details...
A very odd car, advert claims it has Sport Auto and it doesnt, it also claims to have Pro media which it doesn't. I suspect it's a zero specification car, so no navigation or xenons, which really hits residuals. For context, all new 5 Series now have both navigation and xenons as standard.http://www.approved.bmw.co.uk/bmwuk/bmwauc/details...
It also has no extended light package which might sound anal but it's standard fit on every 530d....
Fox- said:
CYMR0 said:
On that basis, a car half the age for £800 more looks like a steal:
http://www.approved.bmw.co.uk/bmwuk/bmwauc/details...
A very odd car, advert claims it has Sport Auto and it doesnt, it also claims to have Pro media which it doesn't. I suspect it's a zero specification car, so no navigation or xenons, which really hits residuals. For context, all new 5 Series now have both navigation and xenons as standard.http://www.approved.bmw.co.uk/bmwuk/bmwauc/details...
It also has no extended light package which might sound anal but it's standard fit on every 530d....
Fast Bug said:
Afternoon 
Stooky, drop me a message and I'll happily run some quotes off for you!
Thank you. Not anything to do with Nissan. In fact this will be my first one. My previous cars were a little more exciting and owned outright but my 2 year old son and a recent accident which has written off my Mazda 3 has made me think the leasing might be the way forward so I can keep the majority of the insurance payout in savings. Stooky, drop me a message and I'll happily run some quotes off for you!
I just need a dull car that's safe. Also considering the Note after a visit to my local dealer. Fast Bug, I'll drop you a line. In the meantime I need to work out the pros and cons of PCP vs leasing. What fun.
Thanks again.
Edited by Stooky on Tuesday 29th July 20:26
Fiesta ST-3. 6 + 23 = 29 x £179.99. That includes 8K per annum and metallic paint. No maintenance though. Not sure what the running costs are for an ST over two years, but seems an okay deal. As depreciation will most likely the same over two years, if not more if you were to purchase.
http://www.gateway2lease.com/z_ford_fiestast-3_1.6...
http://www.gateway2lease.com/z_ford_fiestast-3_1.6...
Birdster said:
Fiesta ST-3. 6 + 23 = 29 x £179.99. That includes 8K per annum and metallic paint. No maintenance though. Not sure what the running costs are for an ST over two years, but seems an okay deal. As depreciation will most likely the same over two years, if not more if you were to purchase.
http://www.gateway2lease.com/z_ford_fiestast-3_1.6...
That looks like a good deal. 1 service and 2 new front tyres so what £300/350 approx for 2 years running..I think it will depreciate a fair bit more over 2 years than the cost of the lease. If I wasn't after something a bit quicker I would snap that up in a heartbeat.http://www.gateway2lease.com/z_ford_fiestast-3_1.6...
GTID said:
That looks like a good deal. 1 service and 2 new front tyres so what £300/350 approx for 2 years running..I think it will depreciate a fair bit more over 2 years than the cost of the lease.
Will it though? They are £16250 through Broadspeed, the lease cost is £8k over 2 years. It's probably not going to lose 50% of its value in 2 years and 16k miles.If the lease cost was much less than the expected depreciation then the lease firm would probably stand to lose money..
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