Best lease car deals available?
Discussion
uk_vette said:
C220 Blueteck diesel.
The cost was
3000.00 down,
299.00 a month
for 36 months,
and 10,000 miles.
Good or bad?
Not great really. With 3-series being discounted so much this month it's hard to justify a C-class.The cost was
3000.00 down,
299.00 a month
for 36 months,
and 10,000 miles.
Good or bad?
For less money you can have a BMW 3 SERIES DIESEL SALOON 330d BluePer xDrive M Sport 4dr Step Auto
6+23 10k/yr £268 inc VAT (£7762)
http://www.easternwesternfleetservices.co.uk/busin...
But if you must have a C-class I'd wait for next month to see if any new deals comes through. The best I've seen so far is
6+35 10k/yr £269 inc VAT
https://www.contracthireandleasing.com/car-leasing...
or
6+23 10k/yr £250 inc VAT
https://www.contracthireandleasing.com/car-leasing...
Edited by wemorgan on Friday 12th June 07:08
andrewparker said:
neil1jnr said:
sjg said:
neil1jnr said:
That is a truly awful deal.
That cost is roughly £0.74/mile! Before the cost of fuel and consumables. I really don't get these 5K miles per year deals, you are being truly ripped off.
If you doubled the miles (20k over the term), it would only add £628 in excess mileage charge, thus about 40p a mile. That cost is roughly £0.74/mile! Before the cost of fuel and consumables. I really don't get these 5K miles per year deals, you are being truly ripped off.
I'd be inclined to do similar, I'm well under the mileage on my current lease and as long as the excess miles charge is reasonable (and doesn't ramp up if you go nuts) it gives quite a bit of flexibility.
FWIW I'll do 16000 miles in it over the term, so cost per mile should be approximately £0.48.
As said before, on the face of it these 5000k deals looks poor, but delve a bit further into the excesses and they can often work out far less than a comparable higher mileage deal.
Edited by andrewparker on Thursday 11th June 14:07
neil1jnr said:
If that's the case then yes that makes the deal look a bit bit better. On the face of it it does look awful though. The only downside is that the guaranteed future value will no longer be 'guaranteed' as that value was agreed only if the vehicle doesn't exceed the mileage limit. So it may be not very expensive to pay the additional miles charge but then the vehicle itself may have devalued below the agreed 'guarenteed future value' and the obligation to guarentee you that amount is void... negative equity situation?
Your confusing yourself with PCP, this is a lease car so there is no guaranteed future value, you just hand the car back and pay for any excess mileage. PCP is the one with a GFV giving you an option to buy the car, trade it in or walk away.Zoon said:
Cpb1702 said:
Has anyone got a good range rover sport hse quote please?
I don't think they exist.
https://www.contracthireandleasing.com/car-leasing...
9 +47 8k pa
£570 + VAT
Edited by talksthetorque on Friday 12th June 10:48
Marc p said:
neil1jnr said:
If that's the case then yes that makes the deal look a bit bit better. On the face of it it does look awful though. The only downside is that the guaranteed future value will no longer be 'guaranteed' as that value was agreed only if the vehicle doesn't exceed the mileage limit. So it may be not very expensive to pay the additional miles charge but then the vehicle itself may have devalued below the agreed 'guarenteed future value' and the obligation to guarentee you that amount is void... negative equity situation?
Your confusing yourself with PCP, this is a lease car so there is no guaranteed future value, you just hand the car back and pay for any excess mileage. PCP is the one with a GFV giving you an option to buy the car, trade it in or walk away.Can anyone explain how this works, my mind is still thinking that logically there must be another downside to going over the allowance than just a small charge?
If you don't have maintenance then you have to put more tyres on/service it more etc.
I saw a deal the other day for a car 3 + 23 8kpa with maintenance included!
The maintenance charge was about £15 per month.For nothing
18k miles for first service, not going to chew through tyres brakes or a clutch in that time either.
I saw a deal the other day for a car 3 + 23 8kpa with maintenance included!
The maintenance charge was about £15 per month.For nothing
18k miles for first service, not going to chew through tyres brakes or a clutch in that time either.
blearyeyedboy said:
Out of interest, why are a lot of lease deals "for business users only"?
VAT aside, why would a leasing company care if I'm driving for work or driving to visit my friends?
Because they can source through the Manufacturers commercial arm if the car can be classed as business use, which they get bulk discounts and rebates on.VAT aside, why would a leasing company care if I'm driving for work or driving to visit my friends?
Marc p said:
blearyeyedboy said:
Out of interest, why are a lot of lease deals "for business users only"?
VAT aside, why would a leasing company care if I'm driving for work or driving to visit my friends?
Because they can source through the Manufacturers commercial arm if the car can be classed as business use, which they get bulk discounts and rebates on.VAT aside, why would a leasing company care if I'm driving for work or driving to visit my friends?
Different credit scoring methods, different means of redress if an individual/ a business doesn't pay.
Marc p said:
Because they can source through the Manufacturers commercial arm if the car can be classed as business use, which they get bulk discounts and rebates on.
What are the requirements for business? That 3 series deal looks tempting. Would an employed person who 'requires' a car for work count?Trif said:
What are the requirements for business? That 3 series deal looks tempting. Would an employed person who 'requires' a car for work count?
From my experience you need to show you're self employed if leasing 'personally'. The car can then be paid either through your Ltd company or personally +VAT.Otherwise your employer will need to order the car in the more traditional way.
ps. those cheap 320d look to have gone now. The 330d xDrive is still there though.
Edited by wemorgan on Friday 12th June 12:24
I have a question about leasing generally. I have been living for the past 4 years in the Netherlands, where I have a bought an apartment, and have been earning a very decent salary. I am moving back to the UK now, and I would like to lease a car, but without 5 years continuous residence in the UK, it seems to be very difficult. I am able (and willing) to pay the entire lease upfront into some escrow account (a good lease beats depreciation, so it saves money over buying new and selling), but it seems that the finance company will still credit score me and consider me a bad risk.
Does anyone know of a company that is able to look sensibly at a situation like this, without dumping me in to the "poor credit rating" bracket? I am about to start a new job on 70k per year, a £300pm lease is hardly asking a lot!
Cheers!
Does anyone know of a company that is able to look sensibly at a situation like this, without dumping me in to the "poor credit rating" bracket? I am about to start a new job on 70k per year, a £300pm lease is hardly asking a lot!
Cheers!
Right then - about to take a step into the murky world of leasing. Looking for a good option on an Evoque - delivery time for the new models is approx Nov which doesn't help and they are bloody popular so no silly cheap deals I can find.
Madam won't look at anything else so no point putting QQ, XC under her nose. At the moment the best I can find on a SE Tech is 3+47 , £378/mth on 10kpa (list is £36,200) - how can I work out if that is a 'good' deal?
as way of comparison, the local LR dealer has a 2yr old Prestige spec (higher i know) with 30k on it and looking for £5k down and £470 month with a balloon of £13k - they want nearer £450/mth for a lease
I made the mistake of googling "evoque lease" and now in a world of pain trying to sift through all the crap - any other suggestions?
Am also looking at 8k pa deals to reduce monthly and use the excess mileage payment if needed
Madam won't look at anything else so no point putting QQ, XC under her nose. At the moment the best I can find on a SE Tech is 3+47 , £378/mth on 10kpa (list is £36,200) - how can I work out if that is a 'good' deal?
as way of comparison, the local LR dealer has a 2yr old Prestige spec (higher i know) with 30k on it and looking for £5k down and £470 month with a balloon of £13k - they want nearer £450/mth for a lease
I made the mistake of googling "evoque lease" and now in a world of pain trying to sift through all the crap - any other suggestions?
Am also looking at 8k pa deals to reduce monthly and use the excess mileage payment if needed
mattman said:
Right then - about to take a step into the murky world of leasing. Looking for a good option on an Evoque - delivery time for the new models is approx Nov which doesn't help and they are bloody popular so no silly cheap deals I can find.
Madam won't look at anything else so no point putting QQ, XC under her nose. At the moment the best I can find on a SE Tech is 3+47 , £378/mth on 10kpa (list is £36,200) - how can I work out if that is a 'good' deal?
as way of comparison, the local LR dealer has a 2yr old Prestige spec (higher i know) with 30k on it and looking for £5k down and £470 month with a balloon of £13k - they want nearer £450/mth for a lease
I made the mistake of googling "evoque lease" and now in a world of pain trying to sift through all the crap - any other suggestions?
Am also looking at 8k pa deals to reduce monthly and use the excess mileage payment if needed
The way I look at isMadam won't look at anything else so no point putting QQ, XC under her nose. At the moment the best I can find on a SE Tech is 3+47 , £378/mth on 10kpa (list is £36,200) - how can I work out if that is a 'good' deal?
as way of comparison, the local LR dealer has a 2yr old Prestige spec (higher i know) with 30k on it and looking for £5k down and £470 month with a balloon of £13k - they want nearer £450/mth for a lease
I made the mistake of googling "evoque lease" and now in a world of pain trying to sift through all the crap - any other suggestions?
Am also looking at 8k pa deals to reduce monthly and use the excess mileage payment if needed
1. Decide how long I will keep the car (4 years is too long to lock into for me)
2. Work out the total cost on offer for all the alternatives (outright, loan, PCP, PCH). In this case you'd be paying £18750 for the Evoque for 4 years i.e. 50*378
3. Work out how much I want a particular spec (e.g. colour, leather nav could be must haves which can knock some of the cheap deals on the head)
I the case of the Evoque you're paying off 50% of the vehicle cost over 4 years; or to put it another way the RV of the car is will be 50% after 4 years. That sounds a good deal on that type of car, but you need consider all the points above before it's a good deal for you.
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