Leasing Advice/Questions/Tips
Discussion
I get asked all sorts of questions about leasing pros and cons plus what to do if....
So, to be helpful I thought I would start a thread where you can ask specific questions for me to answer and also where I can post helpful tips.
The first of which is this....
What if your lease car is about to go back, you're on a non-maintained contract, and your tyres are too low on tread?
Don't put new tyres on, go to your local part worn tyre provider and get them to put branded tyres on with 4mm tread left (most won't supply less than 4mm), or buy online and get local garage to fit. You just saved at least £40/tyre.
So, to be helpful I thought I would start a thread where you can ask specific questions for me to answer and also where I can post helpful tips.
The first of which is this....
What if your lease car is about to go back, you're on a non-maintained contract, and your tyres are too low on tread?
Don't put new tyres on, go to your local part worn tyre provider and get them to put branded tyres on with 4mm tread left (most won't supply less than 4mm), or buy online and get local garage to fit. You just saved at least £40/tyre.
If you are dealing with a broker, ensure they are FCA authorised so you know you are dealing with a bona fide broker.
Also look out for done of the sharp practices they use which include:
Telling you you have been declined funding, then calling you back 10 mins later another funder has accepted you but the rate is more. Be especially wary if you think your credit is fine.
If you get as deal that is too good to be true, be careful just before delivery you don't get told the price has gone up so you are ransomed to a higher price as you can't get a car elsewhere. I've seen this a handful of times times when we have been beaten on price then Cust comes back saying the price has changed, thankfully we have the contacts to save the day and sort cars quickly, usually cheaper than the newly inflated price!
Also look out for done of the sharp practices they use which include:
Telling you you have been declined funding, then calling you back 10 mins later another funder has accepted you but the rate is more. Be especially wary if you think your credit is fine.
If you get as deal that is too good to be true, be careful just before delivery you don't get told the price has gone up so you are ransomed to a higher price as you can't get a car elsewhere. I've seen this a handful of times times when we have been beaten on price then Cust comes back saying the price has changed, thankfully we have the contacts to save the day and sort cars quickly, usually cheaper than the newly inflated price!
TheBroker said:
I get asked all sorts of questions about leasing pros and cons plus what to do if....
So, to be helpful I thought I would start a thread where you can ask specific questions for me to answer and also where I can post helpful tips.
The first of which is this....
What if your lease car is about to go back, you're on a non-maintained contract, and your tyres are too low on tread?
Don't put new tyres on, go to your local part worn tyre provider and get them to put branded tyres on with 4mm tread left (most won't supply less than 4mm), or buy online and get local garage to fit. You just saved at least £40/tyre.
Not being funny but isn't this just a plug for your business?So, to be helpful I thought I would start a thread where you can ask specific questions for me to answer and also where I can post helpful tips.
The first of which is this....
What if your lease car is about to go back, you're on a non-maintained contract, and your tyres are too low on tread?
Don't put new tyres on, go to your local part worn tyre provider and get them to put branded tyres on with 4mm tread left (most won't supply less than 4mm), or buy online and get local garage to fit. You just saved at least £40/tyre.
St John Smythe said:
Not being funny but isn't this just a plug for your business?
If you follow the other lease thread, he got bashed for offering generic advice and some posters who have a 2CV fetish suggested he set up his own thread.Like the car salesman thread which got heavily derailed, I think it is fine to have a Brokers thread providing the Brokers don't directly advertise a deal in the thread, and that the advice remains general to the industry.
His opening posts stick to that.
Vaud said:
St John Smythe said:
Not being funny but isn't this just a plug for your business?
If you follow the other lease thread, he got bashed for offering generic advice and some posters who have a 2CV fetish suggested he set up his own thread.Like the car salesman thread which got heavily derailed, I think it is fine to have a Brokers thread providing the Brokers don't directly advertise a deal in the thread, and that the advice remains general to the industry.
His opening posts stick to that.
TheBroker said:
I get asked all sorts of questions about leasing pros and cons plus what to do if....
So, to be helpful I thought I would start a thread where you can ask specific questions for me to answer and also where I can post helpful tips.
The first of which is this....
What if your lease car is about to go back, you're on a non-maintained contract, and your tyres are too low on tread?
Don't put new tyres on, go to your local part worn tyre provider and get them to put branded tyres on with 4mm tread left (most won't supply less than 4mm), or buy online and get local garage to fit. You just saved at least £40/tyre.
Is it in the small print that the tyres have to have 4mm? Sounds like a cunning swizz !!!So, to be helpful I thought I would start a thread where you can ask specific questions for me to answer and also where I can post helpful tips.
The first of which is this....
What if your lease car is about to go back, you're on a non-maintained contract, and your tyres are too low on tread?
Don't put new tyres on, go to your local part worn tyre provider and get them to put branded tyres on with 4mm tread left (most won't supply less than 4mm), or buy online and get local garage to fit. You just saved at least £40/tyre.
jjr1 said:
Is it in the small print that the tyres have to have 4mm? Sounds like a cunning swizz !!!
They have to be as defined in the contract. If your tyres are say approaching legal limits, I think his point is that the cheapest way to get legal tyres on the car is part worns, which will give yo at least 4mm?
ks.I can understand a certain amount of scepticism toward the OP, but give the guy a chance eh?
If he can answer questions which apparently are not allowed to be asked in the giant 'best lease deals' thread, according to some, then where is the problem.
If along the way he gets some business, then so what? He is not advertising. A bit like a joiner who has his own business giving advice in the Home and Gardens area I think. Or some of the car dealers who give their opinion and advice freely and again if they get business, good.
If he can answer questions which apparently are not allowed to be asked in the giant 'best lease deals' thread, according to some, then where is the problem.
If along the way he gets some business, then so what? He is not advertising. A bit like a joiner who has his own business giving advice in the Home and Gardens area I think. Or some of the car dealers who give their opinion and advice freely and again if they get business, good.
So here's a series of questions... 
I get a monthly 'car allowance' from my employer, and am also paid 45ppm / 20ppm, but don't actually (at the moment) do a lot of business miles per annum.
I currently own my car outright, so if it were sold it would free up more than enough to put down the deposit on a lease or PCP deal, plus some extra readies as well (despite age and mileage!)
I probably do about 10-12k miles per year (previously a lot more, current car is 4 years old with 87k on it!)
I am hankering after changing my car at some point, but only for a deal that makes sense.
New car would probably be another premium fast estate (E / C Class Merc, Audi RS etc.)
So the questions are:
- given the above (mileage paid, car allowance paid) can I opt for the 'business' leases (not bothered about saving VAT - just taking advantage of the lower rates)
- any strong deals on at the moment?
I don't know if my car will depreciate at such a rapid rate (in fact it strengthened by well over 10% according to WBAC between Jan and Feb (!) so don't know when the best time to get shot of it is.
Decisions decisions!
I get a monthly 'car allowance' from my employer, and am also paid 45ppm / 20ppm, but don't actually (at the moment) do a lot of business miles per annum.
I currently own my car outright, so if it were sold it would free up more than enough to put down the deposit on a lease or PCP deal, plus some extra readies as well (despite age and mileage!)
I probably do about 10-12k miles per year (previously a lot more, current car is 4 years old with 87k on it!)
I am hankering after changing my car at some point, but only for a deal that makes sense.
New car would probably be another premium fast estate (E / C Class Merc, Audi RS etc.)
So the questions are:
- given the above (mileage paid, car allowance paid) can I opt for the 'business' leases (not bothered about saving VAT - just taking advantage of the lower rates)
- any strong deals on at the moment?
I don't know if my car will depreciate at such a rapid rate (in fact it strengthened by well over 10% according to WBAC between Jan and Feb (!) so don't know when the best time to get shot of it is.
Decisions decisions!
timetex said:
So here's a series of questions...
I get a monthly 'car allowance' from my employer, and am also paid 45ppm / 20ppm, but don't actually (at the moment) do a lot of business miles per annum.
I currently own my car outright, so if it were sold it would free up more than enough to put down the deposit on a lease or PCP deal, plus some extra readies as well (despite age and mileage!)
I probably do about 10-12k miles per year (previously a lot more, current car is 4 years old with 87k on it!)
I am hankering after changing my car at some point, but only for a deal that makes sense.
New car would probably be another premium fast estate (E / C Class Merc, Audi RS etc.)
So the questions are:
- given the above (mileage paid, car allowance paid) can I opt for the 'business' leases (not bothered about saving VAT - just taking advantage of the lower rates)
- any strong deals on at the moment?
I don't know if my car will depreciate at such a rapid rate (in fact it strengthened by well over 10% according to WBAC between Jan and Feb (!) so don't know when the best time to get shot of it is.
Decisions decisions!
Ok so, do you have a choice of company car or car allowance?I get a monthly 'car allowance' from my employer, and am also paid 45ppm / 20ppm, but don't actually (at the moment) do a lot of business miles per annum.
I currently own my car outright, so if it were sold it would free up more than enough to put down the deposit on a lease or PCP deal, plus some extra readies as well (despite age and mileage!)
I probably do about 10-12k miles per year (previously a lot more, current car is 4 years old with 87k on it!)
I am hankering after changing my car at some point, but only for a deal that makes sense.
New car would probably be another premium fast estate (E / C Class Merc, Audi RS etc.)
So the questions are:
- given the above (mileage paid, car allowance paid) can I opt for the 'business' leases (not bothered about saving VAT - just taking advantage of the lower rates)
- any strong deals on at the moment?
I don't know if my car will depreciate at such a rapid rate (in fact it strengthened by well over 10% according to WBAC between Jan and Feb (!) so don't know when the best time to get shot of it is.
Decisions decisions!
If you have a choice then you need to consider the BIK for one of the super estates and they will be quite heavy on personal tax.
However, most employers don't pay enough in car allowance (typically around £400/month) to cover a super estate either, so something like an RS is not likely unless you are willing to pay extra.
There are some strong deals on things like the E-Class, but not the super fast ones. However, if you would consider an E350 Diesel then you may be able to meet your need for speed whilst keeping costs down a bit, the Audi 3.0BiTDI is also pretty quick. Also consider the XF Sportbrake.
If you do get a company car, on the mileage you are doing, don't take with personal miles included as you will end up worse off.
With regards to your car, as the weather improves people feel happier and start looking to buy cars which is why you will see a slight appreciation in price. This is far more evident in convertibles. Sell in early summer, buy in darkest winter.
If you want any pricing drop me a pm.
No there's no choice for a car - just the allowance. I just wondered if being in receipt of an allowance, plus being paid per mile for businesss travel, I could opt for a business lease.
I know an M5 (although there's no Touring model), E63 or RS6 is going to be above my allowance but that's OK.
I wouldn't take an uber barge as a 'company car' anyway - always the allowance would be better.
I do want to stay in something like an AMG, M or RS (currently in an RS6 Avant) - I wouldn't want to change for a fast diesel.
Do I qualify for a 'business lease'?
I know an M5 (although there's no Touring model), E63 or RS6 is going to be above my allowance but that's OK.
I wouldn't take an uber barge as a 'company car' anyway - always the allowance would be better.
I do want to stay in something like an AMG, M or RS (currently in an RS6 Avant) - I wouldn't want to change for a fast diesel.
Do I qualify for a 'business lease'?
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