Best lease car deals available?

[wemorgan]

Emeye said:

Also, any idea what real world mixed mpg would be on the 208?

http://www.spritmonitor.de/en/overview/36-Peugeot/1281-208.html?exactmodel=GTI&powerunit=2

38mpg avg
54mpg max

[CPC]

The Spruce goose said:

Another 208 gti deal.

https://www.vehiclesavers.com/car-leasing/peugeot/...

No upfront (as i can see), 300 quid admin

£166.52 over 18 months. 10k milage

Total 3.2k

Missed this one!! Yesterday I applied for a similar deal with 10pa and mine comes back at £3379 all in.

[Emeye]

CPC said:

Missed this one!! Yesterday I applied for a similar deal with 10pa and mine comes back at £3379 all in.

What excess mileage charge were you quoted?

[Welshbeef]

CPC said:

Missed this one!! Yesterday I applied for a similar deal with 10pa and mine comes back at £3379 all in.

Has to be deal of 2015 to date surely. It's giving the car away

[loskie]

£300 that's a hell of a lot of "admin" whatever that is.
Isn't it great when go you go into a shop to buy a telly they don't charge admin but buy a car and they do.

WTF?

[wemorgan]

loskie said:

£300 that's a hell of a lot of "admin" whatever that is.

All that matters is the final amount, ignore how it's marketed.

[rix]

wemorgan said:

All that matters is the final amount, ignore how it's marketed.

Its actually £360 admin including VAT but still a great deal

[siovey]

loskie said:

£300 that's a hell of a lot of "admin" whatever that is.

It'll probably be the only profit that the broker makes on the deal....

[Emeye]

Anyone tried a Peugeot dealer to see if they can match the deal without the admin. I suspect not, but if I wasn't abroad I'd call one myself.

[PTF]

Emeye said:

CPC said:

Missed this one!! Yesterday I applied for a similar deal with 10pa and mine comes back at £3379 all in.

What excess mileage charge were you quoted?

With 20k pa (30k in total) it's £197 on 3+18.

Incl admin that's £4500. So approx £1k more than 10k pa (15k total). Which works out at 6.6ppm incl vat.

Not saying that's the excess mileage charge, just that it's the difference between the two deals.

£4500 to cover 30k in a £19k car seems like a good deal. 30k would surely wipe off more than 24% of its value.

[MADCOWDISEASE]

loskie said:

£300 that's a hell of a lot of "admin" whatever that is.
Isn't it great when go you go into a shop to buy a telly they don't charge admin but buy a car and they do.

WTF?

You don't expect the company to source you the car for nothing, do you? If so why not do it yourself? Companies have to make profit to survive, be it on the product or charging for their services. I think it was covered in business studies at primary school.

[anonymous-user]

Wow these deals depress me! Australia has many advantages but leasing deals are not one of them.

[idibbers]

I visited my local Peugeot dealer today with regards to the 208 gti. The lady there was astounded by the price and couldn't match it. Their best offer was around £1,500 down with £350 a month for 10k miles a year and maintenance. Oh, and that was on a 3 year deal, they said they couldn't do less that that.(!!)

Anyone rang up the brokers who are offering them so cheap and got a price on it with maintenance? I'm going to give them a call tomorrow - this deal is too good to say no, especially for just 18 months.

[wemorgan]

18 month deal = 1 service maybe 2 tyres. Pre-paid maintenance is unnecessary.

[loskie]

MADCOWDISEASE said:

You don't expect the company to source you the car for nothing, do you? If so why not do it yourself? Companies have to make profit to survive, be it on the product or charging for their services. I think it was covered in business studies at primary school.

Obviously I was sleeping during that lesson.

Cheeky fecker!

I am sure that there is profit there through registration bonuses from suppliers, commission etc.
Why not be upfront and honest instead of tarting it up as an admin fee?

Oh yes it's cos mugs like you will happily pay it.

[oldnbold]

loskie said:

Obviously I was sleeping during that lesson.

Cheeky fecker!

I am sure that there is profit there through registration bonuses from suppliers, commission etc.
Why not be upfront and honest instead of tarting it up as an admin fee?

Oh yes it's cos mugs like you will happily pay it.

They are telling you exactly what their margin is. £300+ VAT. With a deal this cheap do you really expect there to be any money left in it? How much profit do you think there is in a car at this end of the market.

[MADCOWDISEASE]

loskie said:

Obviously I was sleeping during that lesson.

Cheeky fecker!

I am sure that there is profit there through registration bonuses from suppliers, commission etc.
Why not be upfront and honest instead of tarting it up as an admin fee?

Oh yes it's cos mugs like you will happily pay it.

Brokers don't get registration bonuses.
Commission - possible, but highly unlikely in this case. In fact most deals are done with no commission at all. The broker fee/admin fee/whatever you want to call it is how they make their money.
You're just guessing how it works, and then using that guess to label them dishonest.

[wemorgan]

IMHO one massive positive for lease deals is the honesty with total costs.
Have a try at understanding total costs in PCP deals.

[AlanH1]

wemorgan said:

IMHO one massive positive for lease deals is the honesty with total costs.
Have a try at understanding total costs in PCP deals.

That is so true. Its been an eye opener to the real cost of motoring as every option has a monthly cost.

[CPC]

How long does it normally take for a application to get checked/approved? I applied for the 208 Gti deal on Thursday afternoon back have not heard back yet