Best lease car deals available?

[CYMR0]

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

Contract Hire & Leasing can probably do a little cheaper than that: http://www.jr-leasing.co.uk/business-lease-cars/la...

That's £16k for four years.

The question is - do you think that a new one will be worth £16k less than its current price in four years' time, allowing for your funding costs and refurb costs if needed on a lease.

Seems like you could get a run-out 2.2 for about £32k with the tech pack, and trade price on the a 61-plate would be at least £20k.

So an outright purchase looks like a winner, even allowing for interest - but assuming you're avoiding £2k of interest as well as the depreciation by paying for the lease instead, if the new car is worth less than £18k then leasing comes out ahead.

[wemorgan]

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

3+47 £353 = £17350 (£4337/yr)
http://www.leasecomparison.co.uk/personal-lease-ca...

6+23 £311 = £9019 (£4509/yr)
http://www.leasecomparison.co.uk/personal-lease-ca...

I'd avoid a 4yr deal, as you can see here the annual saving is minimal yet with the 4 year deal you'll spend more than double on servicing, wear/tear items, MoT, non 3yr warranty repairs.

As for whether any of the above are good deals is harder to say. It's subjective in some ways. For the 2yr deals I look at the total lease amount as a % of the RRP. <25% is decent, <20% excellent. Not everyone agrees with me on this, fair enough, but it's just one way of weighing up the man maths.

The best deals are had when you're flexible on make/model/spec. As soon as you limit your options you reduce the chance of getting a 'best' deal.

[nosuchuser]

ethomas said:

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!

Quite astonishing lurking there.

[illmonkey]

BMW 320d business lease 24months £4,299.00 @ Lease4wheels.co.uk
Annual mileage: 8000 miles.
To save every everyone doing the VAT maths:
Initial payment £1,350 (inc. VAT)
Monthly payment £150 (inc. VAT)
Admin Fee: £358.80 (inc. VAT)
Total cost over 2 years: £5,158.8 (inc.VAT and admin fee)
Cost per month equivalent: £214.95

Source:
http://www.hotukdeals.com/deals/bmw-320d-business-...

[uk_vette]

wemorgan said:

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.
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

Thank you,

We can wait,
to be honest, I thought the C220 a little dissapointing, the E 250 seems miles better, even at 15 months old, and 12000 miles on the clock.

vette

[wemorgan]

The 320d deal might not have closed as I previously thought, as it has now appeared on their main dealership page:

BMW 320 Efficient Dynamics Business Saloon Contract Hire

9+23 £140+VAT
Cars Available from Stock in Choice of Colours
Leather Upholstery
Metallic Paint
Navigation
Alloy Wheels
Heated Seats

http://www.easternbmwedinburgh.co.uk/company-cars/...

[Condi]

no mention of how many miles though.

[wemorgan]

Condi said:

no mention of how many miles though.

In my email it says 6k/yr. But if you go back a couple of pages (p379) you'll see other quotes for higher mileage - all still a pretty good deal IMHO.

Edited by wemorgan on Friday 12th June 19:22

[PorkInsider]

neil1jnr said:

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.

My mistake! Too busy trying to think of a negative reason for going over the mileage allowance. For the sake of a low charge for going over the mile allowance, then yes the deal does look more appealing.

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?

There's nothing to explain.

You go over the allowance, you pay the excess pence per mile when the car goes back.

Sometimes the excess charge will change though, depending on just how far over the allowance you have gone. For example it could be 6ppm for going over by 3,000 miles then 10ppm after that.

[mattman]

wemorgan said:

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

3+47 £353 = £17350 (£4337/yr)
http://www.leasecomparison.co.uk/personal-lease-ca...

6+23 £311 = £9019 (£4509/yr)
http://www.leasecomparison.co.uk/personal-lease-ca...

I'd avoid a 4yr deal, as you can see here the annual saving is minimal yet with the 4 year deal you'll spend more than double on servicing, wear/tear items, MoT, non 3yr warranty repairs.

As for whether any of the above are good deals is harder to say. It's subjective in some ways. For the 2yr deals I look at the total lease amount as a % of the RRP. <25% is decent, <20% excellent. Not everyone agrees with me on this, fair enough, but it's just one way of weighing up the man maths.

The best deals are had when you're flexible on make/model/spec. As soon as you limit your options you reduce the chance of getting a 'best' deal.

Thanks - I did see those but forgot to add she will only drive automatic so that puts the price up and we need a 5dr. These deals work out about 18k over 4 years, less than a pcp with less deposit up front and no faffing about. There are a few pure tech models kicking around but I'd rather wait for the new facelift model and new engine. It's only money!!

[TonyF55]

All the Evoque deals have gone up since I ordered in May and will have a Sept delivery. There was a period of about 3 weeks when the deals were really good for the new face lift model.

Edited to say...the facelift model is 21k or 2 year servicing now, mine is a 4 year deal but just might get away with 1 service....well see.

[illmonkey]

A friend is after a small car with a bit of poke, like the ST's. Are they still on deals? Any thing else about?

[MattHall91]

illmonkey said:

A friend is after a small car with a bit of poke, like the ST's. Are they still on deals? Any thing else about?

208 GTI

[zermattbusby]

illmonkey said:

A friend is after a small car with a bit of poke, like the ST's. Are they still on deals? Any thing else about?

Shame they missed out on the 208 deal (1+17 @ 149.75)

Its still there but not quite so cheap

[twindecks1210]

I believe that the 208 GTI deal is now;

1+17 @ £201.70 (incl vat)

3+17 @ £181.52 (incl vat)

Either way they both work out at about £3630.00, still not bad when compared to Fiesta ST-3 deals.

[16v stretch]

With regards to the business lease deals, does anyone know if it is possible to obtain one if you take a car allowance?

I've seen some decent deals on the IS300h f-sport crop up from Lexus dealers.

I'm sure that I remember there being fairly lax requirements to obtain a business lease for when the golf r first came out?

[MrOnTheRopes]

16v stretch said:

With regards to the business lease deals, does anyone know if it is possible to obtain one if you take a car allowance?

I've seen some decent deals on the IS300h f-sport crop up from Lexus dealers.

I'm sure that I remember there being fairly lax requirements to obtain a business lease for when the golf r first came out?

For business deals the application needs to be from a business. That business will be credit checked/invoiced during the rental.

[Nickbrapp]

http://www.pentagon-group.co.uk/offers/new-car/new...


New corsa Vxr £159 down £159 a month 5k pa 2 years.


Pretty good. It's a awful looking thing and a fiesta St is better but that is cheap.

[Emeye]

Nickbrapp said:

http://www.pentagon-group.co.uk/offers/new-car/new...


New corsa Vxr £159 down £159 a month 5k pa 2 years.


Pretty good. It's a awful looking thing and a fiesta St is better but that is cheap.

I think you may have missed the text below:

Pentagon Partners Price includes Pentagon discount and a Vauxhall Associate Partners discount.

Vauxhall Associate Partners

Being a Vauxhall Associate Partner means you and your immediate family can save big money off the list price of a brand new Vauxhall at Pentagon. You simply need to work for or be a member of an Associate company or organisation (or be related to someone who is). The majority of the UK population qualifies for Partners discount. Get in touch to find out more.

[talksthetorque]

That doesn't sound like something they'd be checking too vigorously by the way it's worded.
Just saying if you might want to invent an uncle. Just don't say Jeremy Clarkson.....