Best lease car deals available?

[xRIEx]

CYMR0 said:

8k pa is fine if the excess mileage is cheap enough and the miles aren't too high... 20k total per year at 7k per mile is only £84 a month more, still comparable with most 10k deals (let alone 20k).

I assume you mean 7p/mile - I make it £70 extra per month on 12,000 miles a year over.

[CYMR0]

xRIEx said:

CYMR0 said:

8k pa is fine if the excess mileage is cheap enough and the miles aren't too high... 20k total per year at 7k per mile is only £84 a month more, still comparable with most 10k deals (let alone 20k).

I assume you mean 7p/mile - I make it £70 extra per month on 12,000 miles a year over.

Sorry, I added VAT on to that without thinking!

[xRIEx]

CYMR0 said:

xRIEx said:

CYMR0 said:

8k pa is fine if the excess mileage is cheap enough and the miles aren't too high... 20k total per year at 7k per mile is only £84 a month more, still comparable with most 10k deals (let alone 20k).

I assume you mean 7p/mile - I make it £70 extra per month on 12,000 miles a year over.

Sorry, I added VAT on to that without thinking!

£84 would be right then? I assume excess mileage is subject to VAT? (And me never going to be a business leaser, I prefer inc VAT numbers.)

[CYMR0]

xRIEx said:

CYMR0 said:

xRIEx said:

CYMR0 said:

8k pa is fine if the excess mileage is cheap enough and the miles aren't too high... 20k total per year at 7k per mile is only £84 a month more, still comparable with most 10k deals (let alone 20k).

I assume you mean 7p/mile - I make it £70 extra per month on 12,000 miles a year over.

Sorry, I added VAT on to that without thinking!

£84 would be right then? I assume excess mileage is subject to VAT? (And me never going to be a business leaser, I prefer inc VAT numbers.)

Mine is quoted at 9p + VAT and I think BMW tends to be a little less.

[soxboy]

Matt80M said:

520d Auto for £210P/M on a 6+23 for business users.

Silly cheap no? a lot of car for £6100 over two years? Might not be an M Sport, but no doubt not a bad option if 8000 is enough.

http://www.gateway2lease.com/z_bmw_5-seriessaloon_...

I saw that and liked it, now I just need a job that i can use it for!

[soxboy]

V good price on Volvo Xc60. Looks like there's only one:

http://www.gateway2lease.com/z_volvo_xc60_d4r-desi...

[Thankyou4calling]

After some tooing and froing with my previous broker I have today placed my order and paid the admin fee for my new car!

A Mercedes E Class convertible. It's a 220 Diesel AMG sport. I know it'll feel painfully slow but I've a sportier car for when the mood takes me. I went to a Mercedes main dealer, which apart from the pastries and a nice can of Diet Pepsi, was a poor experience and they only had a non facelift model to try for size.

It'll be obsidian black with black leather and it's on a 9+23 @ £401.60 per month inc. VAT. 10,000 miles Per annum and 12ppm additional.

I used freedom contracts and found them to be excellent.

Delivery won't be until October but still hope to get the roof down and I'm very excited at the prospect.

[ahenners]

How about a Focus ST-3 for £200 inc. VAT p/m personal lease with 10k mileage per annum over 24 months. With initial 1k payment, makes total lease cost £5800. Seems pretty good to me for a fun, decent sized hot hatch.

http://www.contracthireandleasing.com/car-leasing-...

[ED209]

ahenners said:

How about a Focus ST-3 for £200 inc. VAT p/m personal lease with 10k mileage per annum over 24 months. With initial 1k payment, makes total lease cost £5800. Seems pretty good to me for a fun, decent sized hot hatch.

http://www.contracthireandleasing.com/car-leasing-...

has to be a intake??

[lamboman100]

ahenners said:

How about a Focus ST-3 for £200 inc. VAT p/m personal lease with 10k mileage per annum over 24 months. With initial 1k payment, makes total lease cost £5800. Seems pretty good to me for a fun, decent sized hot hatch.

http://www.contracthireandleasing.com/car-leasing-...

If real, it is a good deal.

Get it remapped and it is a quick car for decent money.

[Welshbeef]

lamboman100 said:

If real, it is a good deal.

Get it remapped and it is a quick car for decent money.

You do that and you are in breach of the terms and conditions of the contract plus if you do not declare such modification to the ins company you are driving without insurance cover (tell the ins company you cannot guarantee they will not disclose to the lease company).

The key is it is not your car you are simply renting it, it is not your property to be entitled to make such changes.
Same goes for PCP

[CYMR0]

Welshbeef said:

lamboman100 said:

If real, it is a good deal.

Get it remapped and it is a quick car for decent money.

You do that and you are in breach of the terms and conditions of the contract plus if you do not declare such modification to the ins company you are driving without insurance cover (tell the ins company you cannot guarantee they will not disclose to the lease company).

The key is it is not your car you are simply renting it, it is not your property to be entitled to make such changes.
Same goes for PCP.

You're in breach of the terms - if it's in the terms.

What right (or incentive) does the insurance company have your personal data to the lease funder?

That said I wouldn't be bothering with a remap as it is likely to be in there that you're not allowed to remap. Even so - what's the lease company's remedy? The cost of putting it back to standard? If they were to terminate then they would hardly be entitled to demand full payment to the end of the lease on top as that would be a double recovery, i.e., a penalty.

[Thankyou4calling]

All lease contracts will stipulate no modifications without written consent. As Welshbeef says, it's not your car in the true sense.

[Birdster]

lamboman100 said:

ahenners said:

How about a Focus ST-3 for £200 inc. VAT p/m personal lease with 10k mileage per annum over 24 months. With initial 1k payment, makes total lease cost £5800. Seems pretty good to me for a fun, decent sized hot hatch.

http://www.contracthireandleasing.com/car-leasing-...

If real, it is a good deal.

Get it remapped and it is a quick car for decent money.

That is a good deal. The fiesta ST-3 deal I posted was £180 per month. This works out £300-£500 more if this is deposit + 24. I just tried googling the spec. Is this equipped the same as the Fiesta. Seems like this doesn't come with the power fold mirrors and cruise control from looking at the Ford configuration tool.

ETA: Includes standard cruise. No navigation though. Not sure about keyless entry though. So missing from the Fiesta is Navigation, but I have a portable one anyway. So many good deals coming about.

http://www.carbuyer.co.uk/reviews/ford/focus/st-ha...

Edited by Birdster on Saturday 2nd August 09:26

[Birdster]

Deal is genuine. Just spoke to them on the phone. Sending me the paper work. Delivery for October.

[ahenners]

Birdster said:

Deal is genuine. Just spoke to them on the phone. Sending me the paper work. Delivery for October.

Nice! I saw the fiesta deal and thought for about 20 a month more it seems like a better all rounder, more spec and probably better refinement. All depends on what you're looking for though as a lot of people say the fiesta is more fun.

I'm tempted by this. Currently have a 330D M sport coupe but I'm changing jobs within a month and only need a car for weekends and evenings, as opposed to the 2k monthly mileage I do now.

Tempted to sell the bmw and get this for fun. Focus ST-3 are very well equipped. Did you enquire about the excess mileage rate?

[TeaNoSugar]

Just looking at this thread as the company I work for are selling off the car fleet and giving us a monthly allowance instead. I stand to get 4800 per year (400 a month). It seems, on first impressions, very stingy as it'll be chucked onto my salary and I'll lose 40% of it in tax and 10% in NI, so it's suddenly only worth 200 quid a month.

That's not the worst thing though, I have a 40mile e/w commute so thats 20,000 miles a year before I've gone anywhere other then the office. Over the last 2 years I've done 70,000 miles in the company car. I don't see any affordable lease deals for 35,000 miles p/a. Is it just becuase the price rapidly increases to cover the depreciation of 35kpa?

I think maybe I'd be better off buying used (less than 2 years old)?

Any advice??

[Birdster]

ahenners said:

Birdster said:

Deal is genuine. Just spoke to them on the phone. Sending me the paper work. Delivery for October.

Nice! I saw the fiesta deal and thought for about 20 a month more it seems like a better all rounder, more spec and probably better refinement. All depends on what you're looking for though as a lot of people say the fiesta is more fun.

I'm tempted by this. Currently have a 330D M sport coupe but I'm changing jobs within a month and only need a car for weekends and evenings, as opposed to the 2k monthly mileage I do now.

Tempted to sell the bmw and get this for fun. Focus ST-3 are very well equipped. Did you enquire about the excess mileage rate?

I'm the same. Come from a 330d. No need for a car at all. So want something cheap and fun. So been hanging around the thread. I didn't ask as I couldn't see me doing the miles. It's with Lease Comparison and you fill in an online form. I'll try calling him back in a moment, but it reads to me that you have to pay a £400 admin fee just to apply for finance.

[CYMR0]

TeaNoSugar said:

Just looking at this thread as the company I work for are selling off the car fleet and giving us a monthly allowance instead. I stand to get 4800 per year (400 a month). It seems, on first impressions, very stingy as it'll be chucked onto my salary and I'll lose 40% of it in tax and 10% in NI, so it's suddenly only worth 200 quid a month.

That's not the worst thing though, I have a 40mile e/w commute so thats 20,000 miles a year before I've gone anywhere other then the office. Over the last 2 years I've done 70,000 miles in the company car. I don't see any affordable lease deals for 35,000 miles p/a. Is it just because the price rapidly increases to cover the depreciation of 35kpa?

I think maybe I'd be better off buying used (less than 2 years old)?

Any advice??

How many of those miles are business miles? If so you should be able to claim mileage back and if you did the full 15k above your commute then that would be another £400+ per month net (although you'd have to pay fuel as well).

I think the reason for the lack of deals is that manufacturers don't want to subsidise a car that will definitely not be going onto the forecourt in two or four years' time. If a 420d can be sold as approved used for £20k with a finance package etc. it's vastly more appealing than something that will be auctioned for £14k. The excess mileage charge reflects that rate.

You could buy a one year old Hyundai i30 and run it for four years and 140k (gulp) during which time it would be under warranty. That would cost you £10,495 which is £214 per month from Sainsbury's with a £1k deposit and at the end of the four years it should be worth about £2k, or the equivalent of £145 + VAT per month on a 6+47 deal.

That's the appliance option. It depends what you want but I think you'll struggle to beat that on overall running costs (including fuel and maintenance) unless you go just as new, but even smaller and slower.

[MrOnTheRopes]

Birdster said:

I'm the same. Come from a 330d. No need for a car at all. So want something cheap and fun. So been hanging around the thread. I didn't ask as I couldn't see me doing the miles. It's with Lease Comparison and you fill in an online form. I'll try calling him back in a moment, but it reads to me that you have to pay a £400 admin fee just to apply for finance.

Nah, the admin fee will be on the deal for later. You won't have to pay just to apply for finance. Good luck!