Best lease car deals available?
Discussion
There is also the fact that if practically every car sold is specced with a particular option, because the market demands it (e.g. Nav on Porsches), then doesn't that make that option not really an option at all, and correspondingly the value of the car - which still has to trend downwards according to its competition - swallows up whatever the cost of that option originally was?
(don't know if I'm explaining that phenomenon well)
(don't know if I'm explaining that phenomenon well)
Buzz Lightyear said:
Even if this "80%" margin existed, it would be the manufacture getting the benefit of that, not the lease company actually funding the car.
So if I break this down using your margins. Let's say a £1000 Sat Nav. The manufacture is making £800, but the lease company is probably still paying £800-£900 for that.
They will then recharge that £800 they spent back to you, but will obviously want some profit on it as they taking an enhanced risk, as well as charging you more for interest as they're spending more to buy the car. They will then also want profit when it comes to sell the car, and as they own it, they can charge the premium for it.
Yes, but I am talking about the manufacturer offering the discount to the lease companies.So if I break this down using your margins. Let's say a £1000 Sat Nav. The manufacture is making £800, but the lease company is probably still paying £800-£900 for that.
They will then recharge that £800 they spent back to you, but will obviously want some profit on it as they taking an enhanced risk, as well as charging you more for interest as they're spending more to buy the car. They will then also want profit when it comes to sell the car, and as they own it, they can charge the premium for it.
You're probably half right, though, as I thought the lease companies did it on behalf of the manufacturers, rather than for themselves and buy the car IYSWIM. I could see more why they would not be bothered.
RYH64E said:
VX Foxy said:
If you're looking at M-B it's worth price checking with M-B direct. The rate and terms will likely be the same but you won't pay the broker fees.
I've just come back from our local MB dealer, they're looking at the E Class deals to see if they can get near to the online prices but didn't sound optimistic. Is the E350 deal posted genuine and has anyone managed to order one? I'll have one if so.I'm not usually a fan of contract hire but who would pay £46k for something you can hire for £287 per month? That's Ford Focus money. Mine's due for delivery first week in December, a big thank you to whoever pointed out the original deal.
RYH64E said:
To answer my own question, I got a call from the local MB dealer to say that the deal was impossible, below their cost, and if genuine I should snap it up but it won't be, which would have been disappointing if I hadn't already had a call from MB Corporate to say no problem sir. So that's an E350 AMG Line Premium Plus Estate for £287 per month, a £46k car for £287 per month.
I'm not usually a fan of contract hire but who would pay £46k for something you can hire for £287 per month? That's Ford Focus money. Mine's due for delivery first week in December, a big thank you to whoever pointed out the original deal.
£287 business only? Was there a deposit on that?I'm not usually a fan of contract hire but who would pay £46k for something you can hire for £287 per month? That's Ford Focus money. Mine's due for delivery first week in December, a big thank you to whoever pointed out the original deal.
Was quite tempted by the Focus ST3 deal until I saw this.... The monthlies on the ST3 look to be around £260 (with deposit averaged over the term). What are the chances of a decent lease deal on the new/facelift ST when it's released? Does anyone reckon it'll worth the wait?
blindswelledrat said:
If you are right, then this would explain a lot of it but if you look at the price of extras of any premium manufactuer I don't believe the cost to manufacturer is a fraction of the price to the customer.
You're missing the point. If the manufacturer made 400% on options it makes no difference.
The point is the only thing that matters is what the next buyer will pay for those options, and 9 times out of 10 it is only a smidge more than similar car with a base spec.
Decent personal deal on a 420d M Sport's. Fully maintained.
Being advertised as 9 + 23, 5,000 miles. Ran some numbers at a more realistic 10k per year. I'd assume you can do a lower deposit for higher monthlies.
Manual
£2,325.24 down, £258.36. Effective monthly £344.48 (10k miles)
http://www.nationalvehiclesolutions.co.uk/BMW-4-Se...
Auto
£2,455.20 down, £272.80. Effective monthly £363.73 (10k miles)
http://www.nationalvehiclesolutions.co.uk/BMW-4-Se...
Being advertised as 9 + 23, 5,000 miles. Ran some numbers at a more realistic 10k per year. I'd assume you can do a lower deposit for higher monthlies.
Manual
£2,325.24 down, £258.36. Effective monthly £344.48 (10k miles)
http://www.nationalvehiclesolutions.co.uk/BMW-4-Se...
Auto
£2,455.20 down, £272.80. Effective monthly £363.73 (10k miles)
http://www.nationalvehiclesolutions.co.uk/BMW-4-Se...
RYH64E said:
RYH64E said:
VX Foxy said:
If you're looking at M-B it's worth price checking with M-B direct. The rate and terms will likely be the same but you won't pay the broker fees.
I've just come back from our local MB dealer, they're looking at the E Class deals to see if they can get near to the online prices but didn't sound optimistic. Is the E350 deal posted genuine and has anyone managed to order one? I'll have one if so.I'm not usually a fan of contract hire but who would pay £46k for something you can hire for £287 per month? That's Ford Focus money. Mine's due for delivery first week in December, a big thank you to whoever pointed out the original deal.
What shade of grey are you going for ?
have they quoted you an xs mileage rate?Edited by VX Foxy on Monday 15th September 23:54
VX Foxy said:
Sorry, when I said MB direct, I meant Corporate in Tamworth not any old franchise dealer. Glad you got there in the end
What shade of grey are you going for ? have they quoted you an xs mileage rate?
Palladium silver and £0.12 per mile excess. As you say, the choice was grey or grey, and I might change my mind and go for the Tenorite grey instead. I've got a November build slot for December delivery so there's a few days to make up my mind.What shade of grey are you going for ?
have they quoted you an xs mileage rate?Edited by VX Foxy on Monday 15th September 23:54
I wasn't really looking for a replacement saloon car but at that price it seems silly not to.
Edited by RYH64E on Tuesday 16th September 07:13
gizlaroc said:
You're missing the point.
If the manufacturer made 400% on options it makes no difference.
The point is the only thing that matters is what the next buyer will pay for those options, and 9 times out of 10 it is only a smidge more than similar car with a base spec.
But it's not, that's what Ive been saying.If the manufacturer made 400% on options it makes no difference.
The point is the only thing that matters is what the next buyer will pay for those options, and 9 times out of 10 it is only a smidge more than similar car with a base spec.
On any second hand 3 year old premium car the price of a basic one with cloth seats and no extras is significantly less than one with a few extras. Just look at any on autotrader and you'll see in a moment that I am right.
blindswelledrat said:
gizlaroc said:
You're missing the point.
If the manufacturer made 400% on options it makes no difference.
The point is the only thing that matters is what the next buyer will pay for those options, and 9 times out of 10 it is only a smidge more than similar car with a base spec.
But it's not, that's what Ive been saying.If the manufacturer made 400% on options it makes no difference.
The point is the only thing that matters is what the next buyer will pay for those options, and 9 times out of 10 it is only a smidge more than similar car with a base spec.
On any second hand 3 year old premium car the price of a basic one with cloth seats and no extras is significantly less than one with a few extras. Just look at any on autotrader and you'll see in a moment that I am right.
Gassing Station | Car Buying | Top of Page | What's New | My Stuff