Best lease car deals available?
Discussion
gizlaroc said:
Last I'll say on it.
Best way is get the lease company to put it in your name with the company acting as guarantor.
There is no BIK implications doing it this way, unless, the company has to take over the payments, and then it is an asset on the books.
All very well, but a company cannot be a guarantor for a private individual (only a relation living at the same address) and this wouldn't give you the benefit of a business rate in any case. Like I said previously, most of the leasing companies now offer business rates for individuals. I think it's just BMW and Mercedes who don't, and I'm sure they'll follow suit shortly.Best way is get the lease company to put it in your name with the company acting as guarantor.
There is no BIK implications doing it this way, unless, the company has to take over the payments, and then it is an asset on the books.
ED209 said:
Not strictly a lease question but these pcp deals advertised by mercedes on their website. How negotiable are they?
I am thinking of a class advertised at £289 a month and £3300 deposit over the three years. Is that that or is there room for haggling?
ignore them and look to get a PCP from a broker or intermediary. The manufacturer advertised deals are just about the most expensive around, with massive deposits to get even close to a sensible monthly payment.I am thinking of a class advertised at £289 a month and £3300 deposit over the three years. Is that that or is there room for haggling?
rfoster said:
gizlaroc said:
Last I'll say on it.
Best way is get the lease company to put it in your name with the company acting as guarantor.
There is no BIK implications doing it this way, unless, the company has to take over the payments, and then it is an asset on the books.
All very well, but a company cannot be a guarantor for a private individual (only a relation living at the same address) and this wouldn't give you the benefit of a business rate in any case. Like I said previously, most of the leasing companies now offer business rates for individuals. I think it's just BMW and Mercedes who don't, and I'm sure they'll follow suit shortly.Best way is get the lease company to put it in your name with the company acting as guarantor.
There is no BIK implications doing it this way, unless, the company has to take over the payments, and then it is an asset on the books.
Sonic said:
Apologies gents i shall say no more... i was just hoping to stop someone from doing something that appears pretty stupid with their business 
I was the one that asked the last business question, I really wish I hadn't, so let's draw a line under it. I clearly had plenty of answers and it's pretty clear that it's not a good idea.Just to make sure it is very clear, I am a businessman and it is my business. I'm not in the business of breaking the law and just wanted to know if it was something feasible. It clearly is feasible but also airs on the side of risk, So it's not for me.
So line drawn under let's get back with people posting decent lease deals as the thread heading suggests.
Blown2CV said:
rfoster said:
gizlaroc said:
Last I'll say on it.
Best way is get the lease company to put it in your name with the company acting as guarantor.
There is no BIK implications doing it this way, unless, the company has to take over the payments, and then it is an asset on the books.
All very well, but a company cannot be a guarantor for a private individual (only a relation living at the same address) and this wouldn't give you the benefit of a business rate in any case. Like I said previously, most of the leasing companies now offer business rates for individuals. I think it's just BMW and Mercedes who don't, and I'm sure they'll follow suit shortly.Best way is get the lease company to put it in your name with the company acting as guarantor.
There is no BIK implications doing it this way, unless, the company has to take over the payments, and then it is an asset on the books.
They said that was fine.
ED209 said:
Not strictly a lease question but these pcp deals advertised by mercedes on their website. How negotiable are they?
I am thinking of a class advertised at £289 a month and £3300 deposit over the three years. Is that that or is there room for haggling?
Probably not much room on the 'deal' but if you can get a discount off the cash price over and above the finance deposit contribution, that would either come off the deposit or the monthly payments. I think drivethedeal.com is about £1,500 better than the Mercedes offers on the C-Class Sport, for instance.I am thinking of a class advertised at £289 a month and £3300 deposit over the three years. Is that that or is there room for haggling?
Blown2CV said:
ignore them and look to get a PCP from a broker or intermediary. The manufacturer advertised deals are just about the most expensive around, with massive deposits to get even close to a sensible monthly payment.
You can't get a Mercedes PCP deal through a broker any more (very recent change)MrOnTheRopes said:
Blown2CV said:
ignore them and look to get a PCP from a broker or intermediary. The manufacturer advertised deals are just about the most expensive around, with massive deposits to get even close to a sensible monthly payment.
You can't get a Mercedes PCP deal through a broker any more (very recent change)Extra Information
ALL MODELS (except SE models):
The quoted prices include a £1,535 discount which is conditional upon you taking out PCP finance at 4.9% APR Representative over 12-48 months with a minimum deposit of 5%. The dealer that we put you in touch with will arrange the finance if required. Subject to Status. Written quote available on request. If you do not wish to take out this finance then you will need to add £1,535 to the prices that we quote.
Are you saying that these cars and prices are effectively vapourware? If so, what's the basis for that?
CYMR0 said:
MrOnTheRopes said:
Blown2CV said:
ignore them and look to get a PCP from a broker or intermediary. The manufacturer advertised deals are just about the most expensive around, with massive deposits to get even close to a sensible monthly payment.
You can't get a Mercedes PCP deal through a broker any more (very recent change)Extra Information
ALL MODELS (except SE models):
The quoted prices include a £1,535 discount which is conditional upon you taking out PCP finance at 4.9% APR Representative over 12-48 months with a minimum deposit of 5%. The dealer that we put you in touch with will arrange the finance if required. Subject to Status. Written quote available on request. If you do not wish to take out this finance then you will need to add £1,535 to the prices that we quote.
Are you saying that these cars and prices are effectively vapourware? If so, what's the basis for that?
Blown2CV said:
DTD isn't a true intermediary, they match-make punter and dealer, dealer fulfils. I've always thought it weird that they never have BMW on there though, not sure how you could ban it.
BMW are very strict on broker business. BMW dealers who have been on DtD have been hit with some big financial penalties from the manufacturer so it's not worth them doing it. 
Blown2CV said:
I've always thought it weird that they never have BMW on there though, not sure how you could ban it.
Hello? Is that Coopers? Yeah, DP here.
If we see you supplying cars through DTD we will pull the franchise from you. Bye.
It really is that simple and you can understand why they would want it pulled. It also shows why putting financial backing into Contract Hire is a far smarter move for the manufacturer, it hides the discount nicely.
So I'm interested in getting a different car soon and had started to consider getting a lease car. For me it's not the attraction of getting something you couldn't afford to purchase outright but more being able to get a brand new car and (if I don't dink it, fair enough) know exactly what I'm going to lose in depreciation over the term. After getting some quotes from a few well known sites this is the best I could find on a fiesta ST -
Fiesta ST3 (9+23) - 16000 miles per year - £1757.98 deposit - £195.28 per month - £75 admin fee - £6324.42 total cost over 2 years - £263.52 total cost per month.
To me that seems a bit steep, am I being tight?
Fiesta ST3 (9+23) - 16000 miles per year - £1757.98 deposit - £195.28 per month - £75 admin fee - £6324.42 total cost over 2 years - £263.52 total cost per month.
To me that seems a bit steep, am I being tight?
gizlaroc said:
Blown2CV said:
I've always thought it weird that they never have BMW on there though, not sure how you could ban it.
Hello? Is that Coopers? Yeah, DP here.
If we see you supplying cars through DTD we will pull the franchise from you. Bye.
It really is that simple and you can understand why they would want it pulled. It also shows why putting financial backing into Contract Hire is a far smarter move for the manufacturer, it hides the discount nicely.
t? They sell more units and get the same money from the dealer whether it's zero margin of full up money. I can understand them getting stty if dealers are selling to intermediaries to achieve fleet bonuses or whatever and then these are immediately sold on to private individuals, but it's not that. Gassing Station | Car Buying | Top of Page | What's New | My Stuff