Lease Deal question

[pmr01]

Hi all, I have a 'business' lease due to the fact I get a car allowance from my work and do some (italics) business mileage. It is a BMW 125d and I got it on a two year deal. I have grown quite attached to its size, performance, economy as a foil for some of the wilder vehicles in my stable.

It is leased thru Arval and I wonder if anyone on here has ever been able to buy their car at the end of the (two year) lease deal.

Anyone any experience?

Peter

[Starfighter]

Lex.give the lease holder first refusal at the end of term. Never taken the up on it so no idea what the prices are like.

[CaptainSlow]

It depends on the type of lease and who the lessee is. If it's contract hire and you're the lessee then you're unable to buy it. Quite often the lessee is a driver's employer so the driver is able to purchase the car, however, it doesn't sound like this is the case for you?

[loskie]

Just buy it from the auction where it ends up

[jacethemutt]

Starfighter said:

Lex.give the lease holder first refusal at the end of term. Never taken the up on it so no idea what the prices are like.

I know someone who bought their company car and switched to car allowance, but in the last few thousand miles all of the major parts had been replaced, so effectively a new car and it was cheap due to having 100k on the clock