Best Lease Car Deals Available? (Vol 3)

[imran9999]

darren f said:

Lambo89 said:

1 + 23 golf r 5dr nav - total cost 7030.56

http://www.21stcenturymotors.co.uk/personal-lease-...

I enquired on this and have had a response that the rates they advertised are now 'not achievable due to the volume of orders being processed'- i.e. residuals taking a hit due to the numbers of Rs that will be on the used market in 2 years time- this kind of backs up the discussion above. Anyways they have quoted £30-£40 on top of the advertised rates, putting a grand on the full cost, making it nowhere near the attractive deal it was I did get offered the Cupra Black as an alternative (... do they have in exhaustible supply of these somewhere?).

So they are advertising fictitious deals to draw interest in.....typical.

[Lambo89]

duckson said:

Ditto....I'll probably phone tomorrow.

No longer on website cheeky buggers

[Lambo89]

darren f said:

Lambo89 said:

1 + 23 golf r 5dr nav - total cost 7030.56

http://www.21stcenturymotors.co.uk/personal-lease-...

I enquired on this and have had a response that the rates they advertised are now 'not achievable due to the volume of orders being processed'- i.e. residuals taking a hit due to the numbers of Rs that will be on the used market in 2 years time- this kind of backs up the discussion above. Anyways they have quoted £30-£40 on top of the advertised rates, putting a grand on the full cost, making it nowhere near the attractive deal it was I did get offered the Cupra Black as an alternative (... do they have in exhaustible supply of these somewhere?).

I don't think so, sounds like quite a long wait for one now?

[theshrew]

I've never had finance on anything before and trying to make my mind up what to do. Normally I just go and buy 2nd car but I'm toying with the idea of a new one this time.

What is the difference between these lease deals and PCP from a dealer ?

As far as I understand PCP you would use the equity if you have any as the deposit for the next vehicle you get. Does this work the same with lease deals or would you have to pay the deposit again ?

I don't want to end up in the position when the time came to change that I'm having to pay another big deposit or a lot more per month to have a similar type car.

Advice welcome from people with more experience of these things

Thanks

[Greendubber]

imran9999 said:

darren f said:

Lambo89 said:

1 + 23 golf r 5dr nav - total cost 7030.56

http://www.21stcenturymotors.co.uk/personal-lease-...

I enquired on this and have had a response that the rates they advertised are now 'not achievable due to the volume of orders being processed'- i.e. residuals taking a hit due to the numbers of Rs that will be on the used market in 2 years time- this kind of backs up the discussion above. Anyways they have quoted £30-£40 on top of the advertised rates, putting a grand on the full cost, making it nowhere near the attractive deal it was I did get offered the Cupra Black as an alternative (... do they have in exhaustible supply of these somewhere?).

So they are advertising fictitious deals to draw interest in.....typical.

As do a lot of places, about 2/3rds of the offers I found never materialised. Ended up a main dealer for only a few quid more a month than the too good to be true offers and dodged the brokers fees.

[Sonic]

Just done a deal the seat leon black in manual inc metallic paint, 10kpa, 1+23 £273/month with £660 deposit refunded. Very happy with that, and also been invited up to the dealership next week to test drive if i'd like to and look at the colours in the showroom. I figure i need to go up there anyway to sign the docs...

Edited by Sonic on Friday 26th August 13:15

[wemorgan]

theshrew said:

I've never had finance on anything before and trying to make my mind up what to do. Normally I just go and buy 2nd car but I'm toying with the idea of a new one this time.

What is the difference between these lease deals and PCP from a dealer ?

As far as I understand PCP you would use the equity if you have any as the deposit for the next vehicle you get. Does this work the same with lease deals or would you have to pay the deposit again ?

I don't want to end up in the position when the time came to change that I'm having to pay another big deposit or a lot more per month to have a similar type car.

Advice welcome from people with more experience of these things

Thanks

There is no deposit with lease cars, the 'deposit' is the 1st month's payment. It's therefore payable every time a new lease is taken.
For this reason some prefer the 1+23 or 3+23 deals.
You need to do the maths for the car you want to know the PCP vs lease differences.
Generally, if you're flexible then a lease car can be cheaper than PCP, even taking in to account the 'deposit'

[culpz]

gazza5 said:

Also 6+23 or 9+23 look cheaper until you look at the details.

Am tempted by the new vw golf r estate lease deal - see tonnes of hatchback - no estates round my way. I would keep it as cheap as possible - not even upgrade to leather etc - the car will go back to vw so why pay the options on top over 24 months - always seems daft to me. If it was a four year deal fair enough!

I've never done more than 3 payments up front. That's more than enough for me. I know it can work out cheaper for the whole term but i personally don't see the point in putting large up-front payments into a car i will not own. That's just me though. Not nocking others that are happy to do it.

1+23 would be even better for me. I'd rather pay less up front and more per month as long as it's within my budget and the deal still works out as good value. Will have to shop around and see what's going cheap in a few years time when the Audi is due back. Can't come quick enough!

[loudlashadjuster]

theshrew said:

I've never had finance on anything before and trying to make my mind up what to do. Normally I just go and buy 2nd car but I'm toying with the idea of a new one this time.

What is the difference between these lease deals and PCP from a dealer ?

As far as I understand PCP you would use the equity if you have any as the deposit for the next vehicle you get. Does this work the same with lease deals or would you have to pay the deposit again ?

I don't want to end up in the position when the time came to change that I'm having to pay another big deposit or a lot more per month to have a similar type car.

Advice welcome from people with more experience of these things

PCP
Car is registered in your name, you are legal owner
You borrow the full invoice price of the car + interest
Deposit & payments calculated to leave you with a guaranteed minimum future value (GMFV or balloon payment)
At end of term, pay balloon and keep car, hand it back with nothing to pay (save a sneaky fee) or negotiate a new deal using any equity in the car (valuation minus balloon) as deposit on a new deal.

Lease
Car is normally registered by lease company and they are the legal owner
Road tax normally included for term (subject to any variations though)
You normally borrow only the sum of the payments (some finance houses use full value though - can affect credit rating).
Initial rental (not deposit!) and payments are all you need to pay.
At end of term, hand car back. There is usually no option to buy.

The principal with PCP, and the way it seemed to work in the past, is that it is possible to build equity with successive deals as the balloon should allow any equity to remain or even increase by a modest amount each time, in effect your 'reward' for buying another car from the dealer.

In practice nowadays the balloons are usually too low to do anything with, leaving many PCP deals in a position where you effectively have to fork out for a new deposit or, if you were daft enough to pay a large deposit, watch as its value is eroded come the new finance calculations.

Lease deals seem to be flavour of the month, good PCP deals are much rarer than they used to be and rely on your skill as a negotiator as much as anything else. In this area lease deals are significantly more egalitarian as the same deals are available to all.

[PenelopaPitstop]

loudlashadjuster said:

PCP
Car is registered in your name, you are legal owner

- registered keeper, not owner.

[culpz]

http://www.21stcenturymotors.co.uk/personal-lease-...

Properly sad to see this deal crop up now. Belting value on a 1+23, in stock, 10k per annum. £300 processing fee seems a bit steep though.

[gazza5]

looks like vw are starting to bring out a few deals ready for 66 plate etc, although I believe the golf wait times are getting long again - maybe why they are offering the estate only?

Difference for me is about £10 a month between golf r and cupra black (both estates) will have a look at standard equipment as think the cupra black has a tonne of stuff the golf r doesn't.

[ikonic]

culpz said:

http://www.21stcenturymotors.co.uk/personal-lease-...

Properly sad to see this deal crop up now. Belting value on a 1+23, in stock, 10k per annum. £300 processing fee seems a bit steep though.

If real, then this is a fantastic deal.

I suspect not however, as having had a browse of their website, u can have the same car, same mileage, same term for £229.60 a month with a £2.7k deposit. It makes no sense!

[imdeman87]

Lambo89 said:

No longer on website cheeky buggers

Never existed. Classic bait and switch.

[Splats]

gazza5 said:

looks like vw are starting to bring out a few deals ready for 66 plate etc, although I believe the golf wait times are getting long again - maybe why they are offering the estate only?

Difference for me is about £10 a month between golf r and cupra black (both estates) will have a look at standard equipment as think the cupra black has a tonne of stuff the golf r doesn't.

Cupra (Black Edition) has 19 vs 18" alloys, more sporty seats and DCC. However, the Golf counters with ACC (massively useful IMHO) and 4Motion. Also, if it's estate vs estate then DSG is standard on the Golf and optional on the Cupra. There are probably some other bits and pieces of difference but those are the main things I think. The MY17 golf (being built since June) now has nav and the winter pack as standard. I love the cupra, especially the black edition, as I think it looks better externally than the Golf. However, DSG, AWD and ACC are 'must haves' for me and the Golf interior is nicer too.

FWIW, on the 18" Cadiz (standard) alloys with standard (non DCC) suspension the Golf R Estate rode very well and was great in the corners. It certainly doesn't need DCC.

[gazza5]

Splats said:

Cupra (Black Edition) has 19 vs 18" alloys, more sporty seats and DCC. However, the Golf counters with ACC (massively useful IMHO) and 4Motion. Also, if it's estate vs estate then DSG is standard on the Golf and optional on the Cupra. There are probably some other bits and pieces of difference but those are the main things I think. The MY17 golf (being built since June) now has nav and the winter pack as standard. I love the cupra, especially the black edition, as I think it looks better externally than the Golf. However, DSG, AWD and ACC are 'must haves' for me and the Golf interior is nicer too.

FWIW, on the 18" Cadiz (standard) alloys with standard (non DCC) suspension the Golf R Estate rode very well and was great in the corners. It certainly doesn't need DCC.

Thanks thats very useful - I have astra that seems to need some work done so thinking chop it in to we buy any car get the cash which will pay for deposit and a few months as well. I was going to go bonkers and get a fast estate but a oldish one to scratch v10 / v8 itches but looking at it decided against it.

Mortgage being renewed in April 17 has meant no car finance for me, I know the lease is like car finance but with no balloon payments etc at the end leaes are looked at slightly better than pcp by mortgage companys - according to a ifa we have spoken to - whether that is rubbish I have no idea but sort of makes sense.

[PenelopaPitstop]

Lease looks better on credit report, because only installments are put there and with PCP whole value of the car goes there. So it could be £7-8K vs £30K against your name.

[cerbera1971]

Been looking for a while to change my car and am thinking of going the lease route.

I know it's not to everyone's taste but the Infiniti Q30 has piqued my interest due to its unusual shape and what I think is a good deal from G2L.

I'm going to go and look at one in the flesh tomorrow to see if my interest is maintained but was wondering if anyone has seen a better deal than this that I have been quoted...

Infiniti Q30 1.5d Premium 8,000 miles/year non metallic.
Initial rental of £1465.20 inc VAT followed by 23 months of £162.50 inc VAT, £180 inc VAT fee and £450 cash back on delivery. Works out at £205.53 amortised.

[culpz]

ikonic said:

If real, then this is a fantastic deal.

I suspect not however, as having had a browse of their website, u can have the same car, same mileage, same term for £229.60 a month with a £2.7k deposit. It makes no sense!

Funnily enough it has just disappeared. In fact, almost all of the other half-decent Golf deals aswell as have gone too. May have been a mis-print or someone has snapped it up. Probably an error in pricing as I've never seen a GTI deal anywhere that cheap on that profile.

[Pulse00]

Anyone signed up for a exec saloon recently? What did you go for?

I really like the new e class but 2k up front and 320 a month is too rich for me at the moment. Hoping to find something like it for nearer 300 a month with a 3+ deposit but A5/A6's are getting on a bit now and same with the 5 series offerings. If anyone spots a E220D AMG Line for my budget please post it here I need 10k miles a year but if excess is low then that's fine too.

Equally I'm happy to jump into a Golf R if a 3dr DSG crops back up cheap. They were 3+23 for 264 a month recently!

Or a Audi TT S-line (Come on Audi give us some discounts on these!!!)