Best lease car deals available?

[ArmaghMan]

Zyp said:

Let's just say it certainly doesn't belong on this thread

Interested in this, could you give a ball park on the deal BMW were doing?
Or Pm if you don't want it to go public.
We get a reasonable car allowance and 25 p per mile

[lamboman100]

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

Get a self-fitted piggybox

[CYMR0]

ArmaghMan said:

Zyp said:

Let's just say it certainly doesn't belong on this thread

Interested in this, could you give a ball park on the deal BMW were doing?
Or Pm if you don't want it to go public.
We get a reasonable car allowance and 25 p per mile

Proabably falls down on the 'best' criteria but

http://www.vehiclesavers.com/car-leasing/bmw/m4-co...

M3 saloon is the same sort of money.

[GTID]

That Focus St-3 deal looks good, £399 admin fee pushes the initial payment up to £1000 but its still a pretty good deal.

Never been a big fan of Fast Fords, mainly because most of them scream Chav to me.. Maybe I should stop being a badge snob and go for it as i'm in the market for a new car Leased or PCP'd.

[Zyp]

CYMR0 said:

Proabably falls down on the 'best' criteria but

http://www.vehiclesavers.com/car-leasing/bmw/m4-co...

M3 saloon is the same sort of money.

I'd ignore that company if I were you - they never seemed to have access to any of the cars I've tried to get.
Not only that, but try phoning for a quote - it'll be a lot more than the headline figure.

My deal is for 10k miles with full maintenance and is quite a bit more than those rates, but at least I know I'm getting a car...

[ahenners]

GTID said:

That Focus St-3 deal looks good, £399 admin fee pushes the initial payment up to £1000 but its still a pretty good deal.

Never been a big fan of Fast Fords, mainly because most of them scream Chav to me.. Maybe I should stop being a badge snob and go for it as i'm in the market for a new car Leased or PCP'd.

Maybe you should. I'm no badge snob and have no qualms dropping a bmw for a fast ford. Who cares what anyone else thinks?!

[Chicane-UK]

Price on the Focus seems to have gone up now?

[ahenners]

Chicane-UK said:

Price on the Focus seems to have gone up now?

Just checked and yes same for me. Unfortunately it now works out closer to 6.5k over the lease and not quite as good of a deal imo

[Old ford]

jonnydm said:

hora said:

AdamGP said:

This is the criteria you have to meet for the VXR, which all seems a bit iffy as it supposed to be Personal, should I be wary?

"To qualify for the Above deal you need to fall into one of the below categories.

We have alternative funders we can use if the below does not apply to you.

Personal Contract Hire

The proposed individual must fit into one of the following categories:
-Cash for car drivers (those who receive a cash allowance instead of company car)
-People that receive a Mileage or fuel allowance for business use. A Letter from your employer is acceptable*.
-Business owners and legal directors of limited companies
-Professional partners e.g. those who are a partner in a solicitors practice, accountants, doctors, dentists, vets etc
-Vehicles acquired for business purposes (not driving to and from work.

• Car or fuel allowance letter on letter headed paper by your employer stating that IF the car is used for any business purpose then your employer will reimburse you for your mileage this can be sent by e-mail) or a letter proving you receive company car allowance"

Sorry that says to me the agent has a business only lease deal agreement with Vauxhall but its trying to get round the agreement. They'll pass on what you (customer) supplies to them as proof of a business user/agreement.

This and the fact that they are still two-tier pricing means they reap a monthly reward too.

If I was asked for such info I'd be wary.

As discussed on here previously, seems that dealers have been doing this an awful lot for a long time which is where many of the outstanding deals have come from.

I have done a deal with mercedes finance and they took a copy of my payslip as proof I was given a cash allowance instead of having a company car and gave me a cracking rate for the car. I was more than happy as they quoted me far less than the dealer was offering as in £100pm saving... How could I say no. The best bit is if I buy it at the end of 2yrs I save 16k on what it would have cost for me to buy it off the forecourt so it didn't make sense to buy the car.

[TeaNoSugar]

CYMR0 said:

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.

Thanks for the information Cymr0, t's much appreciated. I think I need to take a few minutes to do my sums properly and figure out the best option.

[Birdster]

ahenners said:

Chicane-UK said:

Price on the Focus seems to have gone up now?

Just checked and yes same for me. Unfortunately it now works out closer to 6.5k over the lease and not quite as good of a deal imo

It's moved from £5600 total to £6200. As initial payment is less now. Their fee is £150. Still a good price I say.

[Welshbeef]

lamboman100 said:

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

Get a self-fitted piggybox

But it is not your property to do so.
Contract hire PCP or short term rentals are very clear modification is not permitted so if you do so without written consent then you are in breach of contract - and the fines and damages/compensation payable from the individual back to the lease company for doing so will be very clear in the contract.

It is naive to think that if you tell the insurance co - which you'd be mad not to - then they wouldn't tell the lease co. They might not but just like Alex Salmond he cannot guarantee the actions of others so you would hope they didn't tell them which they might not but what if they did?

What if when the car goes in for a main dealer service they check it and remap/piggyback is identified if it is their own PCP vehicle be quite sure they would look after their own interests if its a 3rd party contract lease again they may or may not inform.

The fine could be return of vehicle and full payments for the remainder of term plus any costs they incur in investigative works to ensure no vehicle damage. Also the true owner of the vehicle would then be out into a position if having to tell pork pies about it being standard when not.... If they were found out the buyer of that vehicle would have recourse.

[mcbook]

carfan78 said:

Just ordered a Golf GTD best deal I could find £249.99 a month

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

Did you add any options or just go with the base spec?

[MrOnTheRopes]

carfan78 said:

Just ordered a Golf GTD best deal I could find £249.99 a month

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

That's a very low price for a PCH GTD.

Who is the finance with?

[lamboman100]

Welshbeef said:

lamboman100 said:

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

Get a self-fitted piggybox

But it is not your property to do so.
Contract hire PCP or short term rentals are very clear modification is not permitted so if you do so without written consent then you are in breach of contract - and the fines and damages/compensation payable from the individual back to the lease company for doing so will be very clear in the contract.

It is naive to think that if you tell the insurance co - which you'd be mad not to - then they wouldn't tell the lease co. They might not but just like Alex Salmond he cannot guarantee the actions of others so you would hope they didn't tell them which they might not but what if they did?

What if when the car goes in for a main dealer service they check it and remap/piggyback is identified if it is their own PCP vehicle be quite sure they would look after their own interests if its a 3rd party contract lease again they may or may not inform.

The fine could be return of vehicle and full payments for the remainder of term plus any costs they incur in investigative works to ensure no vehicle damage. Also the true owner of the vehicle would then be out into a position if having to tell pork pies about it being standard when not.... If they were found out the buyer of that vehicle would have recourse.

Sure, that is all well known and goes without saying.

But if a tree falls in the woods and noone hears it, then it hasn't really fallen

[Otispunkmeyer]

Very interested in the new Aygo, the X-Cite model which is the only one to come in bright orange.

Where can I look for the best deals on this? Toyota dealer will do PCP, £100/mo over 3 years with about £3800 deposit and GFV of around £5600 (I think). 10k miles as well and 4.9% APR. £100/mo is pretty damn cheap, but can I do better? They said that the first years insurance is included as part of taking out the finance, but I looked and insurance for such a car is pittance anyway (£170). I think drive the deal was a bit better with just over £1000 off the list price for an X-cite 5 door with nothing else extra.

Oddly, tyres for this thin seem rather steep, but I did only have a look on black circles.

[CYMR0]

lamboman100 said:

Sure, that is all well known and goes without saying.

But if a tree falls in the woods and no one hears it, then it hasn't really fallen

Sorry, but it's not well known because it's made up on the spot.

How exactly is it permissible for the insurance company to disclose your personal data to a third party lease company (whom they probably can't identify) without your consent? I do agree that my data is shared with other insurance companies to prevent fraud but I don't see how that extends to my lease company. I've never told my insurance company who leases me my car, because they've never asked, although they do know that it is leased (and for the record, it is entirely unmodified).

Secondly, penalties and fines cannot be enforced by a private company. They might be able to enforce fees or liquidated damages for breach of contract, but fees would actually be payment for services and liquidated damages would have to be a 'genuine pre-estimate of loss' (i.e., offsetting the loss that is caused by the modification). However that would have to be contained in the paperwork - and it may well be, and may well be enforceable, but to give a blanket comment to this effect and to use examples that very much would not be enforceable is misleading.

That said, it's a 250bhp hatchback for the price of the 100bhp version so if you want it, enjoy it!

[Blown2CV]

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 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??

well also factor in that you won't be paying BIK tax on the car or the fuel if you got fuel paid in the co car. If you can work from home more, there's a justification to do so. The reason leases generally don't like higher mileages is that the car they get back at the end is not a retail-ready car (can't be warrantied and doesn't qualify for most mfr approved used schemes, more likely to be a complete shed etc) so they need to send it to block and make nothing on it. The point of a lease as far as the mfr goes is not just what they make on it when they sell the new car, but also when they sell the car they get back at the end.

[CYMR0]

Otispunkmeyer said:

Very interested in the new Aygo, the X-Cite model which is the only one to come in bright orange.

Where can I look for the best deals on this? Toyota dealer will do PCP, £100/mo over 3 years with about £3800 deposit and GFV of around £5600 (I think). 10k miles as well and 4.9% APR. £100/mo is pretty damn cheap, but can I do better? They said that the first years insurance is included as part of taking out the finance, but I looked and insurance for such a car is pittance anyway (£170). I think drive the deal was a bit better with just over £1000 off the list price for an X-cite 5 door with nothing else extra.

Oddly, tyres for this thin seem rather steep, but I did only have a look on black circles.

£100 per month is cheap but that's still £13k to own the car or, assuming it's worth £5,600 or less at trade in, £7,400 to run it over three year. That's not damn cheap at all.

That said, 6+35 lease deals are about £6,765 all in for the three years (6+35 at £165 per month) so there's not a huge saving to be had.

An X-Play is £119 per month on a 6+35 so £4,879 all in. So is it worth nearly 40% of the overall cost of the car for orange paint, alloys, fog lights, a DAB radio with touchscreen and a reversing camera?

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

[TheBMWDriver]

looks like a good deal
http://www.bmwbusinesspartnership.co.uk/offers/bmw...