Best Lease Car Deals Available? (Vol 3)

Best Lease Car Deals Available? (Vol 3)

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Emeye

9,773 posts

222 months

Monday 25th July 2016
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WWESTY said:
I was supposed to have August delivery on my Blk Edition saloon....!!

SE spec misses out on sat nav and the 17" wheels aren't the most attractive...but it's a good price. I guess if they really are stock cars then there may be some with options for a bit extra...
If the nav is the same as that in my All-Track then it's not worth having - hopefully you can add on the Car Net App stuff - if Audi call it the same as VW, and which uses the nav from your iPhone or Android phone.

tallpaul26

450 posts

218 months

Monday 25th July 2016
quotequote all
Pete102 said:
Adding a little bit of closure to my leasing experience, our Nismo Juke RS went back on Friday after 18 months.

Here's the details of the lease:

Allowed Mileage - 10000/year (15k over contract length)
Initial - 1146.88
Monthly - 191.14
Total Over 18 months - 4587.40

Harmonised Monthly - 254.85

In reality our actual mileage ended up at 25000 (10k over) so the figures actually looked like this:

Initial - 1146.88
Monthly - 191.14
Additional Mileage @ 0.08p - 800
Total over 18 months - 5387.40

Harmonised Monthly - 299.30 (235.58 if you remove the initial payment)

During our ownership we had the following expenses (roughly)

1 x set of tyres - 500
2 x services - 300, probably worth adding we nearly got away with the last service at 25000 miles but the car went back with 25120ish, lease charge was 210 for a missed service versus 120 for a private service.
1 x Bumper clip - 3.00
1 x parcel shelf clip - 12.50! These missing clips were not due to damage or accidents, the bumper one dropped off at some point and the parcel shelf is a known weak point (according to Nissan forums anyway).

The handover process was very easy. Giving the car a pre-inspection wash/once over I noticed a few stone chips and kerbing I thought might have been picked up on. Fortunately this wasn't the case and I was handed a 'no damage' report, despite kerbing on the rear passenger alloy I assessed as outside of fair wear and tear.

The other point of note is that I measured the front passenger tyre at 2mm tread remaining, this was also an area of concern as I had read about lease companies invoking uneven wear charges etc. in the event of low tread (but legal) on returned cars. Full credit to the assessor he seemed to have a practical approach and was not intent on picking up contentious points!

The pick up agent informed me that the car was going to be used for a few days to ferry other inspectors around the region meaning there was no further inspection and this was the effective point of handover. Happy days.

Would I lease again? - Probably not. The mileage thing I found to be a constant nag when considering using the car for long journeys, couple this with the risk of exposure to damage charges I personally would find it better to finance or purchase in the future. That said, leasing does offer some very good initial deals and providing you are honest in your mileage requirements it could work out ok.

Any questions feel free to ask :-)
So, with maintenance it ended up at £345 per month to lease a £22,000 car (that was a quick google on the list price, I assume you didn't add extra's). Not wishing to criticise, but do you feel this represented good value?

mikeN54

607 posts

180 months

Monday 25th July 2016
quotequote all
Pete102 said:
Would I lease again? - Probably not. The mileage thing I found to be a constant nag when considering using the car for long journeys, couple this with the risk of exposure to damage charges I personally would find it better to finance or purchase in the future. That said, leasing does offer some very good initial deals and providing you are honest in your mileage requirements it could work out ok.

Any questions feel free to ask :-)
Make sure you cancel your direct debit TODAY. That way if they do magic up any charges they'll have to write to you for them rather than just take them.

Fair enough points you made, but if you buy your own car then damage and extra mileage isn't "free" either is it? The "risk" to you of damage charges or costs is the same whether you own or lease.

If you damage your own car you have to repair it, or suffer more than repair cost at trade in time, so it makes no odds whether you pay a "damage charge" as long as it's not punitive. If you PCP a car then damage charges apply when you return it too, that or they'll add it to the balloon payment.

More miles will always cost too, you went from nicely below average miles to well over average which will affect the used value quite a bit, so of course you'll pay whether you own or lease if you do a lot of miles. You only paid on £800 for all those extra miles - that would at least the book difference for below to well over average miles at 18 months old, so if you owned it you might well pay more then £800 come trade in.

Of course if you buy an older car then you have real savings on outlay and the standard to which you need to keep it for resale, but buy or lease new and the costs of damage or high mileage will be very similar, but at least they're defined and known on a lease!

All these tales about being stung by nasty charges in my experience are from people who didn't read the Ts&Cs properly and then get upset when they hand back a damaged vehicle! (not you) The permissible damage will be clearly defined in the contract, right down to size and number of dinks / chips etc you are allowed. Size and number of alloy marks etc. All set out in writing.

Edited by mikeN54 on Monday 25th July 11:08

H6Nathan

213 posts

94 months

Monday 25th July 2016
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Actus Reus said:
Regarding the A4 deals above, I have a 2 litre TDi 190PS Avant S-line for £270inc vat a month, maintained, 8k miles pa (including £1500 or so of options). A fair chunk more, but if you're doing such stellar miles, it's showing 51mpg on a 70mph run round the M25 - might well off set a lot of the cost and I have half leather, nav and 18s for my trouble. Deal was through G2L (who I also recommend btw).
Thanks. Just been quoted £260 6+23 on a Passat GT Estate 2.0 tdi DSG metallic black. 10k p.a. no fees. In stock (at docks).

Possibly the same engine. The 70mph run round the M25 is the lions share of my mileage and 50 mpg would be good.

Pete102

2,042 posts

185 months

Monday 25th July 2016
quotequote all
tallpaul26 said:
So, with maintenance it ended up at £345 per month to lease a £22,000 car (that was a quick google on the list price, I assume you didn't add extra's). Not wishing to criticise, but do you feel this represented good value?
Edited: On second thoughts, I'm not entirely sure including maintenance and upping mileage would have made it much more cost effective. The servicing wasn't particularly expensive and 8ppm isn't particularly punitive. Perhaps some of the guys with experience of high mileage leases can add something here?


Edited by Pete102 on Monday 25th July 11:52

spookly

4,011 posts

94 months

Monday 25th July 2016
quotequote all
mikeN54 said:
Make sure you cancel your direct debit TODAY. That way if they do magic up any charges they'll have to write to you for them rather than just take them.

Fair enough points you made, but if you buy your own car then damage and extra mileage isn't "free" either is it? The "risk" to you of damage charges or costs is the same whether you own or lease.

If you damage your own car you have to repair it, or suffer more than repair cost at trade in time, so it makes no odds whether you pay a "damage charge" as long as it's not punitive. If you PCP a car then damage charges apply when you return it too, that or they'll add it to the balloon payment.

More miles will always cost too, you went from nicely below average miles to well over average which will affect the used value quite a bit, so of course you'll pay whether you own or lease if you do a lot of miles. You only paid on £800 for all those extra miles - that would at least the book difference for below to well over average miles at 18 months old, so if you owned it you might well pay more then £800 come trade in.

Of course if you buy an older car then you have real savings on outlay and the standard to which you need to keep it for resale, but buy or lease new and the costs of damage or high mileage will be very similar, but at least they're defined and known on a lease!

All these tales about being stung by nasty charges in my experience are from people who didn't read the Ts&Cs properly and then get upset when they hand back a damaged vehicle! (not you) The permissible damage will be clearly defined in the contract, right down to size and number of dinks / chips etc you are allowed. Size and number of alloy marks etc. All set out in writing.

Edited by mikeN54 on Monday 25th July 11:08
Yeah, this ^^

So long as you aren't looking for long term ownership or adding lots of options then leasing is usually cheaper over a fixed term than PCP.

I've had several lease cars and have yet to be hit with any punitive charges. In fact I've probably been charged less than the repair costs of any damage the vehicles went back with. If you are that bothered about repair charges you can get it repaired or take out SMART/wheel insurance.

DJM7691

426 posts

108 months

Monday 25th July 2016
quotequote all
tallpaul26 said:
Pete102 said:
Adding a little bit of closure to my leasing experience, our Nismo Juke RS went back on Friday after 18 months.

Here's the details of the lease:

Allowed Mileage - 10000/year (15k over contract length)
Initial - 1146.88
Monthly - 191.14
Total Over 18 months - 4587.40

Harmonised Monthly - 254.85

In reality our actual mileage ended up at 25000 (10k over) so the figures actually looked like this:

Initial - 1146.88
Monthly - 191.14
Additional Mileage @ 0.08p - 800
Total over 18 months - 5387.40

Harmonised Monthly - 299.30 (235.58 if you remove the initial payment)

During our ownership we had the following expenses (roughly)

1 x set of tyres - 500
2 x services - 300, probably worth adding we nearly got away with the last service at 25000 miles but the car went back with 25120ish, lease charge was 210 for a missed service versus 120 for a private service.
1 x Bumper clip - 3.00
1 x parcel shelf clip - 12.50! These missing clips were not due to damage or accidents, the bumper one dropped off at some point and the parcel shelf is a known weak point (according to Nissan forums anyway).

The handover process was very easy. Giving the car a pre-inspection wash/once over I noticed a few stone chips and kerbing I thought might have been picked up on. Fortunately this wasn't the case and I was handed a 'no damage' report, despite kerbing on the rear passenger alloy I assessed as outside of fair wear and tear.

The other point of note is that I measured the front passenger tyre at 2mm tread remaining, this was also an area of concern as I had read about lease companies invoking uneven wear charges etc. in the event of low tread (but legal) on returned cars. Full credit to the assessor he seemed to have a practical approach and was not intent on picking up contentious points!

The pick up agent informed me that the car was going to be used for a few days to ferry other inspectors around the region meaning there was no further inspection and this was the effective point of handover. Happy days.

Would I lease again? - Probably not. The mileage thing I found to be a constant nag when considering using the car for long journeys, couple this with the risk of exposure to damage charges I personally would find it better to finance or purchase in the future. That said, leasing does offer some very good initial deals and providing you are honest in your mileage requirements it could work out ok.

Any questions feel free to ask :-)
So, with maintenance it ended up at £345 per month to lease a £22,000 car (that was a quick google on the list price, I assume you didn't add extra's). Not wishing to criticise, but do you feel this represented good value?
Did you miss the whole 25k mileage thing? From a similar high miler, it is substantially more expensive to lease over high mileage. As an example, paying the excess mileage fee of 7.2ppm to do 30k a year rather than 8k a year works out at an extra £132 pm in mileage fees. So that attractive looking 220pm quickly becomes 350pm.

I would say that the above represents pretty good value considering tyres and servicing.

Pete102

2,042 posts

185 months

Monday 25th July 2016
quotequote all
mikeN54 said:
Make sure you cancel your direct debit TODAY. That way if they do magic up any charges they'll have to write to you for them rather than just take them.

Fair enough points you made, but if you buy your own car then damage and extra mileage isn't "free" either is it? The "risk" to you of damage charges or costs is the same whether you own or lease.

If you damage your own car you have to repair it, or suffer more than repair cost at trade in time, so it makes no odds whether you pay a "damage charge" as long as it's not punitive. If you PCP a car then damage charges apply when you return it too, that or they'll add it to the balloon payment.

More miles will always cost too, you went from nicely below average miles to well over average which will affect the used value quite a bit, so of course you'll pay whether you own or lease if you do a lot of miles. You only paid on £800 for all those extra miles - that would at least the book difference for below to well over average miles at 18 months old, so if you owned it you might well pay more then £800 come trade in.

Of course if you buy an older car then you have real savings on outlay and the standard to which you need to keep it for resale, but buy or lease new and the costs of damage or high mileage will be very similar, but at least they're defined and known on a lease!

All these tales about being stung by nasty charges in my experience are from people who didn't read the Ts&Cs properly and then get upset when they hand back a damaged vehicle! (not you) The permissible damage will be clearly defined in the contract, right down to size and number of dinks / chips etc you are allowed. Size and number of alloy marks etc. All set out in writing.

Edited by mikeN54 on Monday 25th July 11:08
Hi Mike,

Good reply and I don't disagree with your points. Lease, PCP, finance etc. ultimately each have their respective positives and negatives. I guess its more a case of finding what works for you, and what you are comfortable with.

You've hit the nail on the head in the last paragraph. I took the time to clean the car, fix the clips and generally make it look as presentable as could be. The assessor actually noted that compared to 'most' of the collections it was immaculate. Although it should be noted that he did a lot of commercial collections which were generally neglected and in a poor state.

Ta

Pete


Pete102

2,042 posts

185 months

Monday 25th July 2016
quotequote all
If anyone is interested I'll put up a few pics of the damage to give an idea of what was considered fair wear and tear.

mihangel

29 posts

183 months

Monday 25th July 2016
quotequote all
Pete I would appreciate a few pictures. I have a couple of marks on my golf and debating getting it fixed before it goes back

regards
Mike

wemorgan

3,578 posts

177 months

Monday 25th July 2016
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DJM7691 said:
I would say that the above represents pretty good value considering tyres and servicing.
I agree. 22ppm (£300*18/25000) is cheap motoring for a new car.

Zoon

6,654 posts

120 months

Monday 25th July 2016
quotequote all
Nearly all leasing companies use the BVRLA guide for what's considered fair to take the guesswork out of it.

https://issuu.com/bfwsn67/docs/car_fwt_standard_20...

wemorgan

3,578 posts

177 months

Monday 25th July 2016
quotequote all
https://www.contracthireandleasing.com/car-leasing...

Mercedes-Benz B Class Hatchback
B250 e Sport Executive 5dr Auto

Business Lease Deal
£177.40 Per Month, EXC VAT
Rental Profile 9+23
Annual Mileage 10k Miles p/a
Initial Payment £1,596.60
Additional Fees None

In stock.

Sheepshanks

32,528 posts

118 months

Monday 25th July 2016
quotequote all
Pete102 said:

Would I lease again? - Probably not. The mileage thing I found to be a constant nag when considering using the car for long journeys, couple this with the risk of exposure to damage charges I personally would find it better to finance or purchase in the future.
I worry about damage but as you've shown, it's more of a perceived risk than an actual one.

Another way of looking at the mileage charge is the more miles you do, the cheaper the car gets - per mile. If you'd stayed at 15K then car would have cost 30.6p/mile. At 25K it drops to 21.5p, even including the excess.

Actus Reus

4,229 posts

154 months

Monday 25th July 2016
quotequote all
H6Nathan said:
Thanks. Just been quoted £260 6+23 on a Passat GT Estate 2.0 tdi DSG metallic black. 10k p.a. no fees. In stock (at docks).

Possibly the same engine. The 70mph run round the M25 is the lions share of my mileage and 50 mpg would be good.
Passat has a bigger boot if that's useful. A quick look at VW's site suggests that they either do 150ps, 190 or 240ps 4WD models, the latter two having DSG. I have to say 190ps in mine seems plenty - it's loosened up nicely now and pulls reasonably well. In the Audi at least it is very very quiet at motorway speeds. I think the Audi's nav is better, but beyond that I don't think much in it really. I would also add that I have spec'd the S-line with comfort suspension and I think that's a good choice. It makes for a bigger arch-gap (by 20mm), but the ride is really excellent. The steering's so numb anyway forget pretensions of 'sportiness'.

H6Nathan

213 posts

94 months

Monday 25th July 2016
quotequote all
Actus Reus said:
H6Nathan said:
Thanks. Just been quoted £260 6+23 on a Passat GT Estate 2.0 tdi DSG metallic black. 10k p.a. no fees. In stock (at docks).

Possibly the same engine. The 70mph run round the M25 is the lions share of my mileage and 50 mpg would be good.
Passat has a bigger boot if that's useful. A quick look at VW's site suggests that they either do 150ps, 190 or 240ps 4WD models, the latter two having DSG. I have to say 190ps in mine seems plenty - it's loosened up nicely now and pulls reasonably well. In the Audi at least it is very very quiet at motorway speeds. I think the Audi's nav is better, but beyond that I don't think much in it really. I would also add that I have spec'd the S-line with comfort suspension and I think that's a good choice. It makes for a bigger arch-gap (by 20mm), but the ride is really excellent. The steering's so numb anyway forget pretensions of 'sportiness'.
I'm most interested in the adaptive cruise for the M25 and cheaper insurance from the city braking. Boring I know, but this is a commuter/family hack and needs must. I think the 190 uses Adblue and I'm no fan of SCR. It's a silly, expensive solution to create an entire supply chain to manufacture and distribute a chemical to 'reduce emissions'. Don't get it at all.

Anyhow back O/T dealer says there are 7 black estates available 'at the port' if anyone needs a Passat urgently smile these are MY16 150 bhp DSG's so miss out on the pano sunroof that's now standard on MY17 cars but they are cheap enough.

Slightly odd but the MY17 Passats coming on stream now (12 week lead time) have a better residual because of the roof and are £5pcm LESS than the MY16 stock cars!

SPD14

400 posts

155 months

Monday 25th July 2016
quotequote all
mihangel said:
Pete I would appreciate a few pictures. I have a couple of marks on my golf and debating getting it fixed before it goes back

regards
Mike
Depends who your Golf is with, but my Golf R was picked up and inspected by a BCA driver who pretty much missed every fault/mark/bump apart from one. This was 6 weeks ago, the account is now settled and the car has be up for sale for the past couple of weeks.

I had been fretting about a few issues that were definitely outside of my lease companies 'fare wear & tear' T's & C's, but it got though fine. Maybe I was lucky, but I would just risk it and hand it back as-is, unless you've got any crash damage! smile

A2Z

1,080 posts

225 months

Monday 25th July 2016
quotequote all
Sorry to interject with a basic question but I am looking at a Personal Contract Hire for the first time.

Asked for a quote from a local dealer via contracthireandleasing.com and they called me saying that it's only for people in receipt of car allowance or business mileage from their employer.

Is this correct or just this particular dealer? We will be private retail by the way.

Thanks.

Zoon

6,654 posts

120 months

Monday 25th July 2016
quotequote all
A2Z said:
Sorry to interject with a basic question but I am looking at a Personal Contract Hire for the first time.

Asked for a quote from a local dealer via contracthireandleasing.com and they called me saying that it's only for people in receipt of car allowance or business mileage from their employer.

Is this correct or just this particular dealer? We will be private retail by the way.

Thanks.
They will be trying to get you on a business deal rather than a personal one.
There are personal deals out there, just keep looking.

spookly

4,011 posts

94 months

Monday 25th July 2016
quotequote all
SPD14 said:
Depends who your Golf is with, but my Golf R was picked up and inspected by a BCA driver who pretty much missed every fault/mark/bump apart from one. This was 6 weeks ago, the account is now settled and the car has be up for sale for the past couple of weeks.

I had been fretting about a few issues that were definitely outside of my lease companies 'fare wear & tear' T's & C's, but it got though fine. Maybe I was lucky, but I would just risk it and hand it back as-is, unless you've got any crash damage! smile
BCA scheduled an assessor to come out and view my Merc E Class an hour after they had collected the car. The BCA driver who collected it insisted he only needed to check for audio leads, keys and sat nav discs. I told him it hadn't been inspected and he took it anyway. Assessor phoned about an hour later to ask where the car was and if I was home... with your BCA driver and nope about to go into cinema.

After they'd assessed it back at BCA they still missed the bigger damage. Didn't pay anything in the end as they'd not inspected before collection as requested with the finance people so they agreed to waive all charges, although at first they only halved the bill so I had to ask again.
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