Best lease car deals available?

[Shambler]

Anyone any idea on how much a scraped alloy wheel is going to cost with skoda finance?

[KevORourke]

Youngster_Cerb said:

KevORourke said:

First time poster, longtime lurker looking for help.

Looking to pull the trigger on my first lease and I'm after a golf GTI, Leon Cupra 280 5dr or similar. Preference would be 3 upfront and 5k miles if excess mileage isn't too high (expect to do about 6,7k pa)

Smart lease are doing the cupra 280 3+23 5k at £262pm http://www.smartlease.co.uk/seat-leon-cupra-5-car-...

Also a 3+35 8k deal available same car at £254
http://www.whatcar.com/car-leasing/car-leasing/dea...

Can't find anything for a Golf GTI for similar money and don't want to wait 6 months.

Thoughts welcome

http://www.freedomcontracts.com/Seat-Leon-2.0-TSi-Cupra-280-5Dr-Business-Lease/2317

Leon Cupra 280 5dr

2400 then 178.24pm inc vat 240 doc fee( I uusually manage to get these halved or waived)

6740 all in. on 5k miles but better to take this deal and pay excess if youare gonna go over rather than take a 10k deal - usually always works out cheaper.

kraken deal!!!

I'd picked up on that one myself the day after the 1st post. Cheers

[andrewparker]

S93 said:

andrewparker said:

For some reason many people seem to have misunderstood what it actually offers. I've no idea why, every time I've taken it out it has always been more than explanatory what it covers and what it doesn't.

My understanding of GAP insurance is; if i get in my brand new car and have an accident which leads to the car being written off, my insurance company will pay out the market value, which will fall short of the full cost which the leasing company will want back, thats where GAP kicks in and provides the shortfall?

With LV car insurance, they offer new for old if the car is less than 12 months old, so I guess in my situation it's only useful after the 12 months period through to the end of the lease, however I believe you have to take GAP out within 60 days after receiving your new car, is this correct?

I quick google, and i found GAP insurance for 24 months for £78 or something, based on £38k car value. It doesn't seem to bad for what it is.

Yeah, spot on. What many people don't seem to understand is that it doesn't cover any initial payment you might make, so those suffering a loss shortly after putting down 9 upfront payments are out of pocket by a considerable sum.

[maz8062]

NickM450 said:

Hi folks,

Bit of a request of anyone might be able to help?

My parents are after a new car, mother is a numberplate snob and father thinks the Mk5 Golf they had a few years ago is the best car ever, so clearly they have no interest in cars at all. They have a 11 plate Civic at the moment and instead of buying nearly new every 3 years or so I've talked them in to the idea of a lease car.

Problem is I can't find one that suits and within their budget of £150-ish per month. Only criteria is that is has to be a 5 door, have a bit more power than the current 90BHP Civic and 'look nice'. They would like a Focus sized car but could live with Fiesta size if budget doesn't allow for the bigger car.

Any help and links would be appreciated

http://www.freedomcontracts.com/Seat-Leon-2.0-TDI-FR-150-5dr-Tech-Pack-Personal-Lease/2328

[dollyboy]

andrewparker said:

S93 said:

andrewparker said:

For some reason many people seem to have misunderstood what it actually offers. I've no idea why, every time I've taken it out it has always been more than explanatory what it covers and what it doesn't.

My understanding of GAP insurance is; if i get in my brand new car and have an accident which leads to the car being written off, my insurance company will pay out the market value, which will fall short of the full cost which the leasing company will want back, thats where GAP kicks in and provides the shortfall?

With LV car insurance, they offer new for old if the car is less than 12 months old, so I guess in my situation it's only useful after the 12 months period through to the end of the lease, however I believe you have to take GAP out within 60 days after receiving your new car, is this correct?

I quick google, and i found GAP insurance for 24 months for £78 or something, based on £38k car value. It doesn't seem to bad for what it is.

Yeah, spot on. What many people don't seem to understand is that it doesn't cover any initial payment you might make, so those suffering a loss shortly after putting down 9 upfront payments are out of pocket by a considerable sum.

Exactly, after having a car written off 5 months into a 24 month lease, I didn't have GAP insurance and wouldn't bother in future either, personally I think it's a waste of money. The car had a list price over £30k, PCH was a 6+23, after 5 months the car should have had a market value over £26k according to online guides, the lease company wanted approximately £21k (remember no VAT involved), therefore my insurance company paid out straight away and even covered by excess, so no cost to me, other than the 6x initial payment on the lease.

Therefore I would never take out a lease with a large initial payment, we're currently taking out two new leases, both 6+23, although I'd rather go for 3+23 if the right deal came up.

[S5V8]

They never seem to advertise it but we have 2 leases on a 1/23 payment profile and its no more expensive either. Not all funders do it but some do.

If your credit is good they will do it then you have even less risk.

[Mafffew]

Anyone got any good deals on 15k mile leases? Ideally something interesting, but comfortable on a long run if it's possible. I'm not against diesel, but petrol is the preferred option. No estates or SUVs!

Somewhere between £200 - £300pm on business is the sweet spot.

[dollyboy]

S5V8 said:

They never seem to advertise it but we have 2 leases on a 1/23 payment profile and its no more expensive either. Not all funders do it but some do.

If your credit is good they will do it then you have even less risk.

Ideal if you can find them, some broker sites allow you to adjust the initial payment to any amount and it will provide the respective monthly payment. Leasingoptions used to do this, although their website seems to have been updated and now only allows 3, 6, 9, 12 payments to be selected, still quite good though.

Actually this deal with them looks good:
https://www.leasingoptions.co.uk/personal/seat/leo...

[AGK]

KevORourke said:

Thanks, will give them a shout see what they can do. Not overly keen on putting up more than 3 payments initially though so that will swing it for me

He did say contact him if you want anything changed. They will be able to change the initial payment.

Also are you the Kev that's name is on a certain TPS account?

[Fast Bug]

The broker should be able to run quotes off for you on a 1+ or 3+ easily enough. 1+ does need a good credit history though

[saaby93]

dollyboy said:

Exactly, after having a car written off 5 months into a 24 month lease, I didn't have GAP insurance and wouldn't bother in future either, personally I think it's a waste of money. The car had a list price over £30k, PCH was a 6+23, after 5 months the car should have had a market value over £26k according to online guides, the lease company wanted approximately £21k (remember no VAT involved), therefore my insurance company paid out straight away and even covered by excess, so no cost to me, other than the 6x initial payment on the lease.

and with some lease companies you'd get the insurance paid replacement car so wouldnt even lose that. It's all part of 'best lease car deal'.
Is there a GAP to be paid in leasing arrangements?

[baptistsan]

Anyone with any experience of leasingoptions? The other half is quite tempted with the following:


https://www.leasingoptions.co.uk/personal/hyundai/i30/i30-diesel-hatchback/16-crdi-blue-drive-s-5dr/1100273067/vehicle-personalise

[dollyboy]

saaby93 said:

dollyboy said:

Exactly, after having a car written off 5 months into a 24 month lease, I didn't have GAP insurance and wouldn't bother in future either, personally I think it's a waste of money. The car had a list price over £30k, PCH was a 6+23, after 5 months the car should have had a market value over £26k according to online guides, the lease company wanted approximately £21k (remember no VAT involved), therefore my insurance company paid out straight away and even covered by excess, so no cost to me, other than the 6x initial payment on the lease.

and with some lease companies you'd get the insurance paid replacement car so wouldnt even lose that. It's all part of 'best lease car deal'.
Is there a GAP to be paid in leasing arrangements?

Also worth noting the differences in insurance policies, as mentioned previously. I was with Admiral and they only pay out 'market value', where as some other companies will provide a direct replacement if the car is less than 12 months old. Although in the case of a lease car I don't know whether the situation would be the same, but probably best to go for a policy that will provide a replacement if possible.

[saaby93]

dollyboy said:

Also worth noting the differences in insurance policies, as mentioned previously. I was with Admiral and they only pay out 'market value', where as some other companies will provide a direct replacement if the car is less than 12 months old. Although in the case of a lease car I don't know whether the situation would be the same, but probably best to go for a policy that will provide a replacement if possible.

yes the insurer should give you no more or no less than the amount required to put you in the position you were i.e. enough to get another car, market value. Include something for inconvenience and it'll be easier in the first 12months to give you a new car. They like the lease companies will have access to cars at wholesale price so may make a saving on market value if they provide you with the car directly rather than give you the money to buy one

[S5V8]

baptistsan said:

Anyone with any experience of leasingoptions? The other half is quite tempted with the following:


https://www.leasingoptions.co.uk/personal/hyundai/i30/i30-diesel-hatchback/16-crdi-blue-drive-s-5dr/1100273067/vehicle-personalise

My wifes Mercedes GLA was through them and the service was excellent. Couldn't fault them.

[baptistsan]

Brilliant!

Thank you for that.

[Jordan210]

If someone could help me would be great.

Sister in law is looking for a Merc A class, BMW 1 series or a Audi A1 on a 2 or 3 year deal with millage around 5-8k a year. I have no idea what I'm doing.

Is something like 24 months,Mercedes-benz A Class Diesel Hatchback A180d AMG Line 5dr for 2k down £167.99 a month and £200 document fees good or is that expensive ?

Edited by Jordan210 on Wednesday 7th October 15:12

[saaby93]

Jordan210 said:

If someone could help me would be great.

Sister in law is looking for a Merc A class, BMW 1 series or a Audi A1 on a 2 or 3 year deal with millage around 5-8k a year. I have no idea what I'm doing.

Is something like 24 months,Mercedes-benz A Class Diesel Hatchback A180d AMG Line 5dr for 2k down £167.99 a month and £200 document fees good or is that expensive ?

which end of miles
http://www.gateway2lease.com/z_mercedes_a-class_a1...
200 not much more
http://www.gateway2lease.com/z_mercedes_a-class_a2...

Edited by saaby93 on Wednesday 7th October 15:38

[Jordan210]

saaby93 said:

which end of miles
http://www.gateway2lease.com/z_mercedes_a-class_a1...
200 not much more
http://www.gateway2lease.com/z_mercedes_a-class_a2...

Edited by saaby93 on Wednesday 7th October 15:38

Thanks i found this one

http://www.centralukvehicleleasing.co.uk/vehicle/c...

also found

5000 miles 24 months £154.79 with £1,393.10 down for a BMW 1 Series 3Dr 118i 3 door

http://www.freedomcontracts.com/BMW-1-Series-3Dr-1...

Edited by Jordan210 on Wednesday 7th October 16:10

[MrOnTheRopes]

[quote=Jordan210]
also found

5000 miles 24 months £154.79 with £1,393.10 down for a BMW 1 Series 3Dr 118i 3 door

http://www.freedomcontracts.com/BMW-1-Series-3Dr-1...
[quote]

I think the 1'er deal has ended.