Best lease car deals available?

[Vaud]

crosseyedlion said:

Not in the UK anyway.

There is services like that at least in Canada. Its a great idea In my opinion, If it was allowed here. Would encourage more people to pull the trigger.

http://www.swap-a-lease.co.uk/car_lease_exchange_faq.cfm

[IanCress]

Vaud said:

http://www.swap-a-lease.co.uk/car_lease_exchange_f...

Looking at the small list of leases available on that website I wouldn't say it's particularly succesful. Some of the adverts are almost 2 years old.

[Fast Bug]

I can do a lease deal on a used vehicle up to 6 months old. 99 times out of 100 it's more expensive than a new car though as the discounts are far greater on a new car to a leasing company

[WWESTY]

Fast Bug said:

I can do a lease deal on a used vehicle up to 6 months old. 99 times out of 100 it's more expensive than a new car though as the discounts are far greater on a new car to a leasing company

Likewise. The support for new car deals from the manufacturers (in order to sell their production) is such that a finance deal on a used car just cant compete.

[jsmjsm]

soxboy said:

Is there a way of searching for cars available by certain price?

Budget is c£250 plus Vat (business use) 3+47 15k miles pa.

Basically, the bigger the car the better!

So far shortlisted down to VW Passat, Tiguan, Cc and possibly Scirocco. For some reason these offer better value than a Golf. Others are Skoda Superb, Merc GLA and Honda CRV. Fancied Volvo XC60 but just out of budget.

Edited by soxboy on Thursday 20th November 21:23

https://www.leasingoptions.uk/default.aspx is the best site I find for searching, some good prices too. I just ordered a Merc GLA from them.

you can search easily by price on the site.

[Tophatron]

1988alz said:

Hi
Just wondering if there are any websites out there that offer used cars to lease.
Just thinking I might get more for my money.
Thanks everyone

I think you can usually get manufacturers PCPs on their approved used cars. Not strictly a lease but the result can be the same (pay a deposit, then x monthly payments, hand the car back at the end).

[crosseyedlion]

Tophatron said:

1988alz said:

Hi
Just wondering if there are any websites out there that offer used cars to lease.
Just thinking I might get more for my money.
Thanks everyone

I think you can usually get manufacturers PCPs on their approved used cars. Not strictly a lease but the result can be the same (pay a deposit, then x monthly payments, hand the car back at the end).

[furtive]

jsmjsm said:

https://www.leasingoptions.uk/default.aspx is the best site I find for searching, some good prices too. I just ordered a Merc GLA from them.

Which GLA have you gone for. My wife likes the looks of these but I've not got round to driving one yet

[WWESTY]

C220cdi Auto AMG line in metallic.
3 + 23
10k miles p.a.
£273 + VAT

cityvehicleleasing.co.uk

£180 MB document fee
£30 RFL for second year (its an operating lease)

[jsmjsm]

furtive said:

Which GLA have you gone for. My wife likes the looks of these but I've not got round to driving one yet

The car is for my wife too.

She has gone for a GLA200 CDI Auto. She went for the AMG line with an executive pack (folding mirrors, parking sensors and park assist) in Cirrus White, 10k per year mileage.

24x £326 + £180 fee = £8004 including vat.

[soxboy]

jsmjsm said:

https://www.leasingoptions.uk/default.aspx is the best site I find for searching, some good prices too. I just ordered a Merc GLA from them.

you can search easily by price on the site.

Thanks v much. I've been trying that site and it's very good, but for some reason my antique work PC doesn't seem to like it.

What did you think of the GLA? It's on my shortlist but concerned may not be big enough. Is it the same as an A-class but elevated or is it larger? I could do with seeing one in the metal but I haven't seen one as yet and the nearest handy MB dealer is miles away.

[furtive]

jsmjsm said:

The car is for my wife too.

She has gone for a GLA200 CDI Auto. She went for the AMG line with an executive pack (folding mirrors, parking sensors and park assist) in Cirrus White, 10k per year mileage.

24x £326 + £180 fee = £8004 including vat.

Cheers, that's a good price. Might have to organise a test drive tomorrow

[jsmjsm]

soxboy said:

Thanks v much. I've been trying that site and it's very good, but for some reason my antique work PC doesn't seem to like it.

What did you think of the GLA? It's on my shortlist but concerned may not be big enough. Is it the same as an A-class but elevated or is it larger? I could do with seeing one in the metal but I haven't seen one as yet and the nearest handy MB dealer is miles away.

I liked it when we drove it. Lots of gadgets but very refined. It is an A class size inside which is quite spacious these days but it was the external looks that set it apart. Very different but very nice so we are now waiting on it being built!

[gizlaroc]

Sonic said:

Not again...

Oh do please fk off, there are legitimate ways to do it.

Get the company to guarantee the car to get the business rate and makes sure you pay every penny yourself and you are fine.

[jontymo]

jsmjsm said:

soxboy said:

Thanks v much. I've been trying that site and it's very good, but for some reason my antique work PC doesn't seem to like it.

What did you think of the GLA? It's on my shortlist but concerned may not be big enough. Is it the same as an A-class but elevated or is it larger? I could do with seeing one in the metal but I haven't seen one as yet and the nearest handy MB dealer is miles away.

I liked it when we drove it. Lots of gadgets but very refined. It is an A class size inside which is quite spacious these days but it was the external looks that set it apart. Very different but very nice so we are now waiting on it being built!

Wife's had the same spec 200 auto for just over 9 weeks (8 weeks being repaired as someone decided to drive out of a side street straight into the front wheel and wing). We got it back 2 days ago and had forgotten how nice it is, i have drove over 300 miles in the last 2 days and really enjoyed it, it is a lovely piece of kit and in my eyes looks like an A class on steroids.

[Sonic]

gizlaroc said:

Sonic said:

Not again...

Oh do please fk off, there are legitimate ways to do it.

Get the company to guarantee the car to get the business rate and makes sure you pay every penny yourself and you are fine.

The feeling is mutual.

There is no legitimate way to get your business involved in the lease and not pay BIK i'm afraid, no matter how creative you think your accountancy is.

Do you you think HMRC will just say "Oh well done gizlaroc you're so much cleverer than us you outsmarted us using a clever loophole so we'll let you off this time..."?

I'm not trying to help you, you are clearly a complete , but i am trying to provide a more balance POV that will hopefully stop someone else from making a very silly mistake such as what you are recommending.

[theboss]

gizlaroc said:

Sonic said:

Not again...

Oh do please fk off, there are legitimate ways to do it.

Get the company to guarantee the car to get the business rate and makes sure you pay every penny yourself and you are fine.

A personal lease contract binding you as an individual, with a limited company guarantor to secure a better rate... Has anyone actually claimed to have done this or is it just another hypothetical BIK-workaround you've made up?

[xRIEx]

theboss said:

gizlaroc said:

Sonic said:

Not again...

Oh do please fk off, there are legitimate ways to do it.

Get the company to guarantee the car to get the business rate and makes sure you pay every penny yourself and you are fine.

A personal lease contract binding you as an individual, with a limited company guarantor to secure a better rate... Has anyone actually claimed to have done this or is it just another hypothetical BIK-workaround you've made up?

Even if it's a legitimate workaround, is there any categorical statement that lease companies will provide a business rate to an individual with a company guarantor?

[gizlaroc]

Sonic said:

The feeling is mutual.

There is no legitimate way to get your business involved in the lease and not pay BIK i'm afraid, no matter how creative you think your accountancy is.

Do you you think HMRC will just say "Oh well done gizlaroc you're so much cleverer than us you outsmarted us using a clever loophole so we'll let you off this time..."?

I'm not trying to help you, you are clearly a complete , but i am trying to provide a more balance POV that will hopefully stop someone else from making a very silly mistake such as what you are recommending.

I called HMRC and asked them the best way to do it, that was their suggestion.


Edit:
I should expend before the beration begins.

I called HMRC and explained that the car that a member of staff was looking at was £350 on a business hire deal, but the same company wanted nearly £470 for the same car on a personal deal, I then explained that the BIK tax was actually more than the rental, hence he really didn't want to do it as a company car, he agreed it made no sense.
I then said that the lease company would give him business rates if I got my company to be guarantor, and he said as long as the company was just guarantor that was fine, if at any time the company did have to take on that hire, if he left for example, usual company car policy would then kick in. Which is pretty obvious.


Rather than moan what is and isn't possible on the internet, pick up the phone and speak to HMRC, they are all human and often want to help, believe it or not.

Edited by gizlaroc on Friday 21st November 18:22

[gizlaroc]

xRIEx said:

Even if it's a legitimate workaround, is there any categorical statement that lease companies will provide a business rate to an individual with a company guarantor?

That would be down to the individual lease company, many won't, but many will.