Voluntary termination.

[Mr Tom]

Hi,

I took delivery of a lease car (Seat Leon Cupra) in November. Now I have just got a new job which offers (a terrible but cheap) company car. From April I will have an expensive car not doing much.

Can I voluntarily terminate a car lease as you can do with a pcp after half of the payments are paid?

Cheersl

[Granfondo]

Mr Tom said:

Hi,

I took delivery of a lease car (Seat Leon Cupra) in November. Now I have just got a new job which offers (a terrible but cheap) company car. From April I will have an expensive car not doing much.

Can I voluntarily terminate a car lease as you can do with a pcp after half of the payments are paid?

Cheersl

No.

[MitchT]

I believe you can, but it'll cost you. Is there no option to take a car allowance instead which you can use towards your lease costs?

[Dimebars]

You can terminate your lease, yes, but it will depend on how much lube you own and your appetite for being defiled

[essayer]

If it's like VW you can settle by paying the outstanding rentals less 4%

e: and handing back the car, obviously

[Gregmitchell]

essayer said:

If it's like VW you can settle by paying the outstanding rentals less 4%

e: and handing back the car, obviously

I only paid 60% when handing back my vw early

[AndySheff]

Is this why it's ALWAYS best to lease ?

[Gregmitchell]

essayer said:

If it's like VW you can settle by paying the outstanding rentals less 4%

e: and handing back the car, obviously

I only paid 60% when handing back my vw early

[KevinCamaroSS]

AndySheff said:

Is this why it's ALWAYS best to lease ?

Seriously though, is there a cash option in place of the company car?

[essayer]

Gregmitchell said:

I only paid 60% when handing back my vw early

That's good, was that negotiated with them or part of the agreement? Mine's pretty clear on the matter

[daemon]

AndySheff said:

Is this why it's ALWAYS best to lease ?

Said nobody, ever.

Edited by daemon on Monday 23 January 17:45

[daemon]

Mr Tom said:

Hi,

I took delivery of a lease car (Seat Leon Cupra) in November. Now I have just got a new job which offers (a terrible but cheap) company car. From April I will have an expensive car not doing much.

Can I voluntarily terminate a car lease as you can do with a pcp after half of the payments are paid?

Cheersl

I'd be asking if there was a cash alternative to the company car, or keeping the Cupra and use it for your non business use, otherwise you're going to get royally stiffed.

[hora]

Ask the lease company. Citroen wanted the remaining monthly payments - <10% discount.

Lease can be great but then..terrible if you need to terminate early.

Can't you take a allowance and suck up the excess mileage. It'll be waaay cheaper.

[daemon]

hora said:

Ask the lease company. Citroen wanted the remaining monthly payments - <10% discount.

Lease can be great but then..terrible if you need to terminate early.

Can't you take a allowance and suck up the excess mileage. It'll be waaay cheaper.

+1

Suddenly having a (presumably unexpected) promotion and a free car to do your business miles and run back and forward to work in doesnt sound like a bad start to the year....

[Matt UK]

Nice example of a first world problem - 'I leased a brand new car, now my company are also giving me a car - I have too many cars, what to so?'

Seriously, talk to the lease company, you'll have to accept whatever they say.

And talk to your employer, ask if you can take an opt-out car allowance instead - most companies offer this now.

[Jimmy Recard]

daemon said:

AndySheff said:

Is this why it's ALWAYS best to lease ?

Said nobody, ever.

Edited by daemon on Monday 23 January 17:45

Said somebody who made another thread

[hora]

Calculate the lease excess miles- you'll be surprised. Why not do the miles in something nice?

[daemon]

Jimmy Recard said:

daemon said:

AndySheff said:

Is this why it's ALWAYS best to lease ?

Said nobody, ever.

Edited by daemon on Monday 23 January 17:45

Said somebody who made another thread

Really?

Where?

[Matt UK]

daemon said:

Jimmy Recard said:

daemon said:

AndySheff said:

Is this why it's ALWAYS best to lease ?

Said nobody, ever.

Edited by daemon on Monday 23 January 17:45

Said somebody who made another thread

Really?

Where?

http://www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=1647028

[daemon]

Matt UK said:

daemon said:

Jimmy Recard said:

daemon said:

AndySheff said:

Is this why it's ALWAYS best to lease ?

Said nobody, ever.

Edited by daemon on Monday 23 January 17:45

Said somebody who made another thread

Really?

Where?

http://www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=1647028

Fair enough

I dont think anyone really believes it though - do they? Hadnt spotted the thread but that guy was just looking for an argument.

The O/P of that thread said in the thread that leasing worked for some people and not others and then said "leasing doesnt always make sense"

And also "clearly my title wasn't meant literally... I knew the title would attract lots of comments..."

Edited by daemon on Monday 23 January 18:29

Edited by daemon on Monday 23 January 18:31