Best lease car deals available?

[Blown2CV]

gizlaroc said:

Blown2CV said:

except there is no 'business' because it isn't a legal entity if not ltd or plc

What do you mean by that?

maybe I have missed your point, but you don't have to be limited to be a business and get a business lease deal.

Mate has just got a new car through a business lease and he is not limited, he and his brother just make timber frame buildings.
There was no issue with him getting a business lease.

sigh. Because the point was being attempted that there was no BIK because the company owns the car, except there is no company, so you own it.

[Blown2CV]

funkyrobot said:

Blown2CV said:

if the excess mileage is low and your miles are variable then go low on the contract miles. Generally if the excess charge is fair it will only take you up to what you would have paid had you specified the mileage in the contract that you ended up accruing anyway.

Thanks.

careful though, and ask the question. It's not unknown for brokers to sneak in 30,40,50p per mile charge. Generally it's sub 10p.

[crosseyedlion]

Blown2CV said:

BigBen said:

crosseyedlion said:

But, alas. Most of the public don't think that way. When my mum got her C-Class, she was over the moon that she managed to negotiate the monthly payments under 200 a month by 'just' putting an additional 3k into the deposit (Pcp deal).

This was clear when I recently helped my mum lease an SLK. The salesman kept going on about the monthly payments and could not seem to grasp that all I was doing was adding the deposit + 36 times the monthly to get a total cost for comparison across the different deals. Actually that could mean that salesmen don't think like that....

it's a selling technique, intended to draw you further away from the TCO and towards the fact that you can afford it month to month. It is savvy, as it works with most people, however it's also sharpish practice. There are rules against doing that in the US now I think. In any case the sales guy is prob just doing as he is told.

Yea, it should be illegal tbh, they should be able to sell through skill not lazy deception.

[Silverbullet767]

Focus ST-3

http://www.hotukdeals.com/deals/focus-st-3-250bhp-...

Golf R

http://www.hotukdeals.com/deals/vw-golf-r-5dr-busi...

Both cracking deals IMO.

[funkyrobot]

Blown2CV said:

careful though, and ask the question. It's not unknown for brokers to sneak in 30,40,50p per mile charge. Generally it's sub 10p.

I'll check. Thanks.

[ArsE92]

Silverbullet767 said:

Focus ST-3

http://www.hotukdeals.com/deals/focus-st-3-250bhp-...

Golf R

http://www.hotukdeals.com/deals/vw-golf-r-5dr-busi...

Both cracking deals IMO.

And less than half the cost of the A45 deal up there!

[m3sye]

Sorry was £360+ vat not inc

[m3sye]

burwoodman said:

lol- they have NEVER been £300+vat.

That you are right it was £360ish + VAT

[burwoodman]

m3sye said:

burwoodman said:

lol- they have NEVER been £300+vat.

That you are right it was £360ish + VAT

I remember the deal. It was £387+Vat

[m3sye]

burwoodman said:

I remember the deal. It was £387+Vat

Spitting feathers of £20 a month on a 65k car ? it was still a fantastic deal , that was my point

[furtive]

m3sye said:

Spitting feathers of £20 a month on a 65k car ? it was still a fantastic deal , that was my point

I make it £87 per month

Edited by furtive on Wednesday 1st October 12:10

[BigBen]

crosseyedlion said:

Blown2CV said:

BigBen said:

crosseyedlion said:

But, alas. Most of the public don't think that way. When my mum got her C-Class, she was over the moon that she managed to negotiate the monthly payments under 200 a month by 'just' putting an additional 3k into the deposit (Pcp deal).

This was clear when I recently helped my mum lease an SLK. The salesman kept going on about the monthly payments and could not seem to grasp that all I was doing was adding the deposit + 36 times the monthly to get a total cost for comparison across the different deals. Actually that could mean that salesmen don't think like that....

it's a selling technique, intended to draw you further away from the TCO and towards the fact that you can afford it month to month. It is savvy, as it works with most people, however it's also sharpish practice. There are rules against doing that in the US now I think. In any case the sales guy is prob just doing as he is told.

Yea, it should be illegal tbh, they should be able to sell through skill not lazy deception.

I got the impression that the salesperson did not really understand what I was doing working it all out like that.

[RYH64E]

Blown2CV said:

sigh. Because the point was being attempted that there was no BIK because the company owns the car, except there is no company, so you own it.

The point of contract hire is that neither the company nor the individual own the car, ownership is retained by the lease company. It doesn't sit on the balance sheet, you merely pay a monthly charge for the use of the vehicle and at the end of the hire period it goes back to the owner. It isn't an asset, doesn't need to be depreciated, doesn't come out of your capital allowance, it's just a cost in the p&l.

It is a bit outrageous that BIK is calculated on the list price of the car with extras, if you don't pay full list price you still pay tax as if you did, and even if you buy the car as an ex-demo at a knock down price you still get taxed on the full list price. Imo it's not worth having a company car as such.

Edited by RYH64E on Wednesday 1st October 12:04

[Blown2CV]

RYH64E said:

Blown2CV said:

sigh. Because the point was being attempted that there was no BIK because the company owns the car, except there is no company, so you own it.

The point of contract hire is that neither the company nor the individual own the car, ownership is retained by the lease company. It doesn't sit on the balance sheet, you merely pay a monthly charge for the use of the vehicle and at the end of the hire period it goes back to the owner. It isn't an asset, doesn't need to be depreciated, doesn't come out of your capital allowance, it's just a cost.

i'm talking about the liability for the contract. Z was trying to make the point that private individuals can do business leases as long as they have a company that is not ltd or plc, because in some way it's the business that's on the contract. I was saying that's bks, because there is no business entity.

[burwoodman]

m3sye said:

burwoodman said:

I remember the deal. It was £387+Vat

Spitting feathers of £20 a month on a 65k car ? it was still a fantastic deal , that was my point

hey, im not arguing with you

[RYH64E]

Blown2CV said:

i'm talking about the liability for the contract. Z was trying to make the point that private individuals can do business leases as long as they have a company that is not ltd or plc, because in some way it's the business that's on the contract. I was saying that's bks, because there is no business entity.

You made a point about ownership which I believe to be factually incorrect.

[m3sye]

furtive said:

I make it £85 per month

I always said £360+ ???

[BrabusMog]

Any chance of sharing some good lease deals lads?

[m3sye]

burwoodman said:

hey, im not arguing with you

Sorry woodman, seems a lot of people on here seemed to think I was talking Bulllllst

Ddidnt they have the C63 AMG on offer for £370+ (or close_ a few months back?

[furtive]

m3sye said:

I always said £360+ ???

Sorry I looked a the previous post and thought you had previously said £300