Best lease car deals available?

[Barney2201]

insurance_jon said:

Is this the best deal on the cls shooting break?

http://www.contractcars.com/car-leasing/mercedes/c...

I think the Freedom deal is cheaper, Contractcars seem to add £500 plus the upfront rentals to all their quotes

http://www.freedomcontracts.com/Mercedes-CLS-Estat...

[Gregmitchell]

Sheepshanks said:

Gregmitchell said:

Anyone found any decent Tiguan deals? Best i've seen is 9+23 £173 10k miles.... cheers

Can I ask where you've seen that? I think that's good for 10K.

I've been looking at 5K and this is the cheapest total cost I;ve seen: http://www.centralukvehicleleasing.co.uk/vehicle/c...

https://www.contracthireandleasing.com/car-leasing-companies/main-dealers/breeze-volkswagen-leasing/volkswagen/tiguan/42160532/

https://www.contracthireandleasing.com/car-leasing...

Sorry it was 8k miles....

[Fast Bug]

insurance_jon said:

Is this the best deal on the cls shooting break?

http://www.contractcars.com/car-leasing/mercedes/c...

Business or personal?

[covmutley]

my excess is 7.2ppm. Think this is typical of VW group? £72 per 1k miles isnt too bad at all.

[foreverfalling]

Fancy a 335d xdrive. What's the best deal about?

Spoke to my insurance re stolen golf r and they won't provide replacement so that's that apprarently. Lost the initial payment after 4 months

[insurance_jon]

Fast Bug said:

insurance_jon said:

Is this the best deal on the cls shooting break?

http://www.contractcars.com/car-leasing/mercedes/c...

Business or personal?

Business

[insurance_jon]

Fast Bug said:

insurance_jon said:

Is this the best deal on the cls shooting break?

http://www.contractcars.com/car-leasing/mercedes/c...

Business or personal?

Business

[saaby93]

foreverfalling said:

Fancy a 335d xdrive. What's the best deal about?

Spoke to my insurance re stolen golf r and they won't provide replacement so that's that apprarently. Lost the initial payment after 4 months

Its not up to them to provide a replacement they only provide the reimbursement
It does depend which insurer and which lease company
Someone needs to take one of these to the insurance ombudsman.

Here's what seems to happen.
You lease a car and take out insurance cover including for theft
Car gets stolen
You claim for money to replace from your insurer
They need evidence how much that will be
You can check autotrader or how much the lease company want for a replacement (do you have these figures?)
Ideally your insurer would do this for you.
Assuming the lease company is able to find the cheapest way of providing a replacement car, the insurer gives you the money which you pass to the lease company so they can continue your term on the replacement car.
If your insurer has your interests at heart, it would do this directly and weve seen from previous posts that some do.

However this may not be the cheapest for the insurer or best deal for the leasor
On paper it's best for them is to come to an arrangement where the insurer pays the leasor for however much they have outstanding in the car and cut you out of the deal.
In effect you could say the money you've paid has been shared between them.

It's not what youve taken insurance for, it's not left you in the position you were prior to the claim, hence if thats their final position it might be worth taking it to the ombudsman.

[foreverfalling]

saaby93 said:

Its not up to them to provide a replacement they only provide the reimbursement
It does depend which insurer and which lease company
Someone needs to take one of these to the insurance ombudsman.

Here's what seems to happen.
You lease a car and take out insurance cover including for theft
Car gets stolen
You claim for money to replace from your insurer
They need evidence how much that will be
You can check autotrader or how much the lease company want for a replacement (do you have these figures?)
Ideally your insurer would do this for you.
Assuming the lease company is able to find the cheapest way of providing a replacement car, the insurer gives you the money which you pass to the lease company so they can continue your term on the replacement car.
If your insurer has your interests at heart, it would do this directly and weve seen from previous posts that some do.

However this may not be the cheapest for the insurer or best deal for the leasor
On paper it's best for them is to come to an arrangement where the insurer pays the leasor for however much they have outstanding in the car and cut you out of the deal.
In effect you could say the money you've paid has been shared between them.

It's not what youve taken insurance for, it's not left you in the position you were prior to the claim, hence if thats their final position it might be worth taking it to the ombudsman.

Spoke to the original broker - they said it's up to insurance. Insurance said they ONLY refund to the registered owner and keeper which is VWFS.

VWFS said that all they do is get the money from the insurance and the finance is settled and that's the end of it...

I don't understand why VWFS can't use the money from the insurance to purchase a new or used one...

I have GAP insurance to return the full market value so why I can't order another is beyond me...

Not sure where to start with financial ombudsmad...

[toon10]

V8mate said:

Follow this thread with interest... am baffled by the mileage limits on the deals posted though. Unless your daily drive is to the railway station, I struggle to see how 5-8000 mile allowances deliver any kind of meaningful usability.

I work in the next town, 25 miles each way. 46 weeks of that is 11,500 miles already. Two or three holidays each year, and a bit of pootling about, easily knocks that up to 15,000 mpa.

For me, this makes the headline figures little more than clickbait.

Also makes me wonder, if you are genuinely doing such low annual mileages, as to whether such an investment over two or three years is actually very good value for money. Pence per mile on some deals is horrific when you spread some quite stern deposits into the mix.

I'm not taking sides in the for and against arguments - some of the deals have certainly been very enticing - just thinking out loud really

Fo rme 8000 is more than enough. I live about 3 miles from work and have the odd shopping trip and I drop my son off/pick him up from his Mums a few times a week and that's all. I'm doing about 7000 per year at the minute. I'm moving soon which will add another mile or so to my commute but that's about it.

Any business trips and I use pool cars, any holidays we use the XC90 as it's way more practical. To be honest if I did more miles I'd not look at leasing as the types of cars I'd want to drive on personal deals would cost me more than I'd be comfortable spending on a car.

[saaby93]

foreverfalling said:

Spoke to the original broker - they said it's up to insurance. Insurance said they ONLY refund to the registered owner and keeper which is VWFS.

VWFS said that all they do is get the money from the insurance and the finance is settled and that's the end of it...

I don't understand why VWFS can't use the money from the insurance to purchase a new or used one...

I have GAP insurance to return the full market value so why I can't order another is beyond me...

Not sure where to start with financial ombudsmad...

Do you want to have a go?
The first thing is youre not back in the position you were, you have no car, and no money to get the same again. Insurance hasnt worked for you.
The second thing you could query is if theres a (unfair contract term) clause that the insurance says they only refund the registered owner and keeper.

Youre the insured for goodness sake, youre the one whos out of pocket, thats why youve taken out insurance
Besides you may not be the owner but are you sure youre not the keeper?

If the leaser wants to take out their own insurance for eventualities thats up to them.

Yes the leasor could (and should?) use the money to purchase you a new or used one
They should be able to get good rates. Thats their business but the insurer will know it and probably give them less than if it was your own personal stolen car.

See how it can be beneficial to both?
However youre not in the position you were which is why you took out insurance and why the ombudsman may be willing to sort it out

That doesnt mean the insurer wont prefer to settle directly with the leasor as they may save VAT etc, but they dont need to leave you out of the settlement especially as youre supposed to be the insured.

Forget GAP - unless someone says otherwise it wont work for this.

Edited by saaby93 on Tuesday 4th August 09:56

[Barney2201]

Looks like Freedom have just added another S8 deal, don't think its quite as good as the original deal, additional ppm after 5k seems to be around 29ppm

http://www.freedomcontracts.com/Audi-A8-S8-4.0T-FS...

[berlintaxi]

saaby93 said:

o you want to have a go?


Besides you may not be the owner but are you sure youre not the keeper?

So the owner should finish up out of pocket?

[Stu-nph26]

Barney2201 said:

Looks like Freedom have just added another S8 deal, don't think its quite as good as the original deal, additional ppm after 5k seems to be around 29ppm

http://www.freedomcontracts.com/Audi-A8-S8-4.0T-FS...

decent deal but the 3k down puts me off.

[Rick1.8t]

saaby93 said:

foreverfalling said:

Spoke to the original broker - they said it's up to insurance. Insurance said they ONLY refund to the registered owner and keeper which is VWFS.

VWFS said that all they do is get the money from the insurance and the finance is settled and that's the end of it...

I don't understand why VWFS can't use the money from the insurance to purchase a new or used one...

I have GAP insurance to return the full market value so why I can't order another is beyond me...

Not sure where to start with financial ombudsmad...

Do you want to have a go?
The first thing is youre not back in the position you were, you have no car, and no money to get the same again. Insurance hasnt worked for you.
The second thing you could query is if theres a (unfair contract term) clause that the insurance says they only refund the registered owner and keeper.

Youre the insured for goodness sake, youre the one whos out of pocket, thats why youve taken out insurance
Besides you may not be the owner but are you sure youre not the keeper?

If the leaser wants to take out their own insurance for eventualities thats up to them.

Yes the leasor could (and should?) use the money to purchase you a new or used one
They should be able to get good rates. Thats their business but the insurer will know it and probably give them less than if it was your own personal stolen car.

See how it can be beneficial to both?
However youre not in the position you were which is why you took out insurance and why the ombudsman may be willing to sort it out

Forget GAP - unless someone says otherwise it wont work for this.

You are seriously expecting lease companies to be responsible for trawling around to find used examples of cars to replace those that are stolen? Can you not see the difficulty / cost involved in doing so? Say goodbye to cheap deals if this becomes a reality, which I doubt.

If you purchased a brand new car and it was stolen a year later would you get your depreciation back or just the value the car is worth at that point?

This is one of the realities of leasing, so leave a small initial payments or take the risk.

Edited by Rick1.8t on Tuesday 4th August 09:59

[PenelopaPitstop]

Barney2201 said:

Looks like Freedom have just added another S8 deal, don't think its quite as good as the original deal, additional ppm after 5k seems to be around 29ppm

http://www.freedomcontracts.com/Audi-A8-S8-4.0T-FS...

Seems almost identical to previous one with brokers, however it says Business Only. My previous quote from broker was the same for 5K, and £3 less per month for 8K. No info how much is the charge for excess miles but it' probably the same, 9p + VAT.

I wouldn't want to pay BIK on this car, it's 37%, £5,923 for 20% tax or £11,846 for 40%, per annum. Unless someone can use it as a pool car ;-)

[mikecooperuk]

V8mate said:

Follow this thread with interest... am baffled by the mileage limits on the deals posted though. Unless your daily drive is to the railway station, I struggle to see how 5-8000 mile allowances deliver any kind of meaningful usability.

I work in the next town, 25 miles each way. 46 weeks of that is 11,500 miles already. Two or three holidays each year, and a bit of pootling about, easily knocks that up to 15,000 mpa.

For me, this makes the headline figures little more than clickbait.

Also makes me wonder, if you are genuinely doing such low annual mileages, as to whether such an investment over two or three years is actually very good value for money. Pence per mile on some deals is horrific when you spread some quite stern deposits into the mix.

I'm not taking sides in the for and against arguments - some of the deals have certainly been very enticing - just thinking out loud really

They all seem to advertise that way, all you can do is benchmark and get in touch for a quote, can't really odds it!
The manufacturers are no better. Seen lots TV ads and heard radio ads offering contract hire by manufacturers, with no more than 10k miles per year.

[saaby93]

Rick1.8t said:

You are seriously expecting lease companies to be responsible for trawling around to find used examples of cars to replace those that are stolen? Can you not see the difficulty / cost involved in doing so? Say goodbye to cheap deals if this becomes a reality, which I doubt.

If you purchased a brand new car and it was stolen a year later would you get your depreciation back or just the value the car is worth at that point?

Youd get enough for a car so you're in the same position. As you pretty much have anew car, that's likely to be a new car.
It's also likely your insurer has a new for old policy and is able (like the leasor) to access new cars at wholesale rates

berlintaxi said:

saaby93 said:

Do you want to have a go?
Besides you may not be the owner but are you sure youre not the keeper?

So the owner should finish up out of pocket?

Of course not
The owner ( the leaser or their finance co) will get the going rate from the insurer to replace the car (which it'll include some profit for their time).
It'll probably be less that if the insured was having to repurchase their own as the insurer will know the owner is likely to get wholesale rates.

So no the owner shouldnt be out of pocket
The insurer pays less than they would if it was a personal purchase and the poster continues to have a car.
It's win win win all round

Rather than the ways it's turning out win win lose

[illmonkey]

How many times does it need to be said.

Post deals, not arguments about the pros and cons.

[tyranical]

Fiesta ST deal just posted here:

http://www.gateway2lease.com/z_ford_fiesta_1.6ecob...

Not in the same league as the 208 GTI deals but for a fiesta ST it's pretty good.

Works out at £5399 for the lease period.