Best lease car deals available?
Discussion
Welshbeef said:
theboss said:
Has anyone leased and then bought the car from the lease company? If so how was a purchase price agreed?
My neighbour leased an XF on a two year deal and then bought it off the company and although we didn't go into great detail he insinuated that purchase + lease costs combined were favourable to having bought new.
The lease broker through whom I've ordered a Golf R also stated that the lease companies were open to offers at the end of the lease.
I'm considering the 'what if you want to keep the car long term' arguement. I appreciation the lease companies are under no obligation to sell it to you but it must happen because their ultimate intention is surely to dispose of the car.
You cannot buy the car from the lease co generally they go back into the AUC main dealer schemes which means they can control the residual prices better - it would be highly unlikely for you to be able to buy it / worth asking when the time comes as you never know but bank on having to give it back and wave goodbyeMy neighbour leased an XF on a two year deal and then bought it off the company and although we didn't go into great detail he insinuated that purchase + lease costs combined were favourable to having bought new.
The lease broker through whom I've ordered a Golf R also stated that the lease companies were open to offers at the end of the lease.
I'm considering the 'what if you want to keep the car long term' arguement. I appreciation the lease companies are under no obligation to sell it to you but it must happen because their ultimate intention is surely to dispose of the car.
First Vehicle leasing do quotes online for up to 30k. You have to go on to each individual car to do this though
https://www.firstvehicleleasing.co.uk/
Nationwide go up to 50k online.
Not saying they're the best as have never ordered a car from them.
However you get an idea of the loading.
I used Neva Consultants - http://neva-consultants.com/ - who contacted me when a suitable deal came up in an acceptable car. I'll be ringing them again when the time comes.
https://www.firstvehicleleasing.co.uk/
Nationwide go up to 50k online.
Not saying they're the best as have never ordered a car from them.
However you get an idea of the loading.
I used Neva Consultants - http://neva-consultants.com/ - who contacted me when a suitable deal came up in an acceptable car. I'll be ringing them again when the time comes.
theboss said:
Has anyone leased and then bought the car from the lease company? If so how was a purchase price agreed?
My neighbour leased an XF on a two year deal and then bought it off the company and although we didn't go into great detail he insinuated that purchase + lease costs combined were favourable to having bought new.
The lease broker through whom I've ordered a Golf R also stated that the lease companies were open to offers at the end of the lease.
I'm considering the 'what if you want to keep the car long term' arguement. I appreciation the lease companies are under no obligation to sell it to you but it must happen because their ultimate intention is surely to dispose of the car to the highest bidder.
If it's through the company books you shouldn't be able too, although most leasing companies will let you. Just ask them for a price at the end of your agreement.My neighbour leased an XF on a two year deal and then bought it off the company and although we didn't go into great detail he insinuated that purchase + lease costs combined were favourable to having bought new.
The lease broker through whom I've ordered a Golf R also stated that the lease companies were open to offers at the end of the lease.
I'm considering the 'what if you want to keep the car long term' arguement. I appreciation the lease companies are under no obligation to sell it to you but it must happen because their ultimate intention is surely to dispose of the car to the highest bidder.
Fast Bug said:
theboss said:
Has anyone leased and then bought the car from the lease company? If so how was a purchase price agreed?
My neighbour leased an XF on a two year deal and then bought it off the company and although we didn't go into great detail he insinuated that purchase + lease costs combined were favourable to having bought new.
The lease broker through whom I've ordered a Golf R also stated that the lease companies were open to offers at the end of the lease.
I'm considering the 'what if you want to keep the car long term' arguement. I appreciation the lease companies are under no obligation to sell it to you but it must happen because their ultimate intention is surely to dispose of the car to the highest bidder.
If it's through the company books you shouldn't be able too, although most leasing companies will let you. Just ask them for a price at the end of your agreement.My neighbour leased an XF on a two year deal and then bought it off the company and although we didn't go into great detail he insinuated that purchase + lease costs combined were favourable to having bought new.
The lease broker through whom I've ordered a Golf R also stated that the lease companies were open to offers at the end of the lease.
I'm considering the 'what if you want to keep the car long term' arguement. I appreciation the lease companies are under no obligation to sell it to you but it must happen because their ultimate intention is surely to dispose of the car to the highest bidder.
strictly personal contract and approved mileage payments for me.I'm not convinced by the arguement that manufacturers will want to hold onto all these ex-lease cars in an attempt to protect residuals... they'll be worth whatever the market will bear.
RYH64E said:
I was once given the option to buy by Audi at the end of a three year lease (a lease incidently that cost £650/month for a £35k car back in 2008), but the purchase price wasn't competitive (£25k if I remember correctly). Leasing was definitely not the best choice there, outright purchase would have been much cheaper.
In 2001 my dad was paying £700/month for a new 225bhp TT, apparently he shopped about for ages. If it is how they used to be or just a shocking deal, I don't know!theboss said:
Has anyone leased and then bought the car from the lease company? If so how was a purchase price agreed?
My neighbour leased an XF on a two year deal and then bought it off the company and although we didn't go into great detail he insinuated that purchase + lease costs combined were favourable to having bought new.
The lease broker through whom I've ordered a Golf R also stated that the lease companies were open to offers at the end of the lease.
I'm considering the 'what if you want to keep the car long term' arguement. I appreciation the lease companies are under no obligation to sell it to you but it must happen because their ultimate intention is surely to dispose of the car to the highest bidder.
You can usually just give them a call near the end of the agreement, and they'll tell you a price they want for it. It is open to negotiation, and it will probably be based around the CAP figures for the car at that time.My neighbour leased an XF on a two year deal and then bought it off the company and although we didn't go into great detail he insinuated that purchase + lease costs combined were favourable to having bought new.
The lease broker through whom I've ordered a Golf R also stated that the lease companies were open to offers at the end of the lease.
I'm considering the 'what if you want to keep the car long term' arguement. I appreciation the lease companies are under no obligation to sell it to you but it must happen because their ultimate intention is surely to dispose of the car to the highest bidder.
It saves the lease company coming to pick it up, and take it to auction, and pay for the auction fee's as well so you will usually get it for a decent trade price.
theboss said:
Trust me, its not going anywhere near the company books strictly personal contract and approved mileage payments for me.
I'm not convinced by the arguement that manufacturers will want to hold onto all these ex-lease cars in an attempt to protect residuals... they'll be worth whatever the market will bear.
If it's not funded by the manufacturer, they won't care. They'll just want shot of it for the reasons Snolly says. I sometimes get my (fleet) customers calling me and asking if what they've been offered for th car/van is a good deal or not. Sometimes they want the earth for it, other times it's a good deal strictly personal contract and approved mileage payments for me.I'm not convinced by the arguement that manufacturers will want to hold onto all these ex-lease cars in an attempt to protect residuals... they'll be worth whatever the market will bear.
romeogolf said:
va1o said:
mondeoman said:
Who's best for higher mileages, like 25-30k pa?
Also interested in this. I'm finding PCP rates jump up quite a lot when you increase the mileage. Vaud said:
romeogolf said:
va1o said:
mondeoman said:
Who's best for higher mileages, like 25-30k pa?
Also interested in this. I'm finding PCP rates jump up quite a lot when you increase the mileage. I'd suggest that if you see a particularly compelling 10k lease deal you enquire about the excess charg - some of them are surprisingly inexpensive at say 7-10p inc VAT but it will obviously vary by car.
theboss said:
Lease rates very similarly jump up with mileage, and in the case of the manufacturer supported 'best deals' discussed on here, its not unusual for the cost to jump up disproportionately either... i.e. the 10k lease is heavily discounted but a quote for 20k jumps back up to a much higher cost.
I'd suggest that if you see a particularly compelling 10k lease deal you enquire about the excess charg - some of them are surprisingly inexpensive at say 7-10p inc VAT but it will obviously vary by car.
My deal is 2 years at 10,000/annum with £0.12 per mile excess, so an extra 10,000 miles will add about £50/month to the cost, not outrageous (0.12*10000/24).I'd suggest that if you see a particularly compelling 10k lease deal you enquire about the excess charg - some of them are surprisingly inexpensive at say 7-10p inc VAT but it will obviously vary by car.
RYH64E said:
theboss said:
Lease rates very similarly jump up with mileage, and in the case of the manufacturer supported 'best deals' discussed on here, its not unusual for the cost to jump up disproportionately either... i.e. the 10k lease is heavily discounted but a quote for 20k jumps back up to a much higher cost.
I'd suggest that if you see a particularly compelling 10k lease deal you enquire about the excess charg - some of them are surprisingly inexpensive at say 7-10p inc VAT but it will obviously vary by car.
My deal is 2 years at 10,000/annum with £0.12 per mile excess, so an extra 10,000 miles will add about £50/month to the cost, not outrageous (0.12*10000/24).I'd suggest that if you see a particularly compelling 10k lease deal you enquire about the excess charg - some of them are surprisingly inexpensive at say 7-10p inc VAT but it will obviously vary by car.
- I know) the base lease cost per mile (20k miles over two years) was something like 33pHand it back with 40k + excess and the overall cost per mile has dropped to 20p/mile. Hand it back with 60k miles and that drops to 16p/mile.
So according to my man maths it costs less the more you use it
I had a quote for an a3 and 20k per annum was only £30 month more than 10k (iirc)
Went for an octavia in the end (bigger boot) and the 20k lease was way more than 10k, but excess mileage is only 6ppm. £60 for 1000 miles isn't bad!
The octavia is my first lease car. The market is very confusing but very interesting. Being flexible is the key. My dad is the eternal pessimist and has never bought new, but he picked up a 1.0 ecoboost fiesta titanium x for 800 down and 157 per month. Only problem is that you could only have it in white. Cheap motoring and lots of toys on the titanium x!!
Went for an octavia in the end (bigger boot) and the 20k lease was way more than 10k, but excess mileage is only 6ppm. £60 for 1000 miles isn't bad!
The octavia is my first lease car. The market is very confusing but very interesting. Being flexible is the key. My dad is the eternal pessimist and has never bought new, but he picked up a 1.0 ecoboost fiesta titanium x for 800 down and 157 per month. Only problem is that you could only have it in white. Cheap motoring and lots of toys on the titanium x!!
irfan1712 said:
we're after a GTD Golf, A3 184 Tdi S-line Saloon or an A220 CDi AMG on a spiffing (personal)contract hire deal if anyone see's anything.. so far Neva Consultants seem to be the one (thank you for whoever posted that a few pages back!)
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