Best lease car deals available?
Discussion
bmthnick1981 said:
That's interesting thanks for sharing, my MB is leased and I have kerbed a couple of the (diamond cut) wheels I will probably get them done before it goes back but interesting to hear they took a relaxed view in your case.
Very much down to the assessor I'd imagine, some of them might be complete jobsworth idiots. Still, it's worth getting the inspection, then you know.mohitos said:
Having taken my first lease car a couple of months ago(a Golf GTD DSG), I am reasonably well placed to comment on caymanbill's thoughts.
Leasing is a mind set change. I used to love 'owning' and still do with a Porsche 993 and BMW E46 M3. I needed a more sensible daily and considered buying a 2 year olf Golf GTD or GTI. Looking at what was available, none of the used cars were 100% perfect (too may miles/owners/imperfections etc), and they were expensive. A friend suggested considering a lease.
As a starting point, you need to be honest that driving a car is likely to cost you however you do it. If you buy, you may not crystallise depreciation until you sell, but it will apply. With leasing, you know upfront what your cost will be, and pay for it monthly.
I realise I don't 'own' the car. It will cost me £6,425 all in over two years and 8k per year. That's £1,250 upfront and £225 per month inc VAT. When I contrasted with a two year old Golf, I could see it losing a similar amount of money over two years. Here I have a brand new car, with warranty, maintenance and tax included. The ONLY additional expense has been insurance. I''m even covered if I wreck a tyre on a kerb, or wear it out.
The experience has been liberating. As said, it's a mind set change for sure. I even feel the need to explain the car is leased when I'm asked what car I 'have'. Yes, it's a rental. A two year rental. But it's also eliminated the hidden cost of motoring which for me is spending unnecessarily on additions/enhancements. I considered buying a VW boot liner for £60, then thought I was being a pr1ck for spending the money on a car that's not mine. I look after it very well, more or less as though it's my own. But when I kerbed an alloy wheel recently parking (I know....shame on me), I thought to myself, actually, so what! Had it been my own car, I'd have rushed to get it fixed.
If you're not one for new cars every now and again, it can make for expensive motoring. But my costs are fixed as there will be no unexpected expenses during my two years of leasing. And if you look for the deals (which this thread is incredibly helpful in helping identify), you can get some good value motoring.
Seems the manufacturers are far more prepared to disguise heavy discounts in lease cars than openly discount in the showrooms. If you can bag one of those deals, have flexibility over what you drive, and you like a new car every couple of years, it seems like a winner to me.
Good post. I've not leased yet but find myself looking over deals more and more these days. I'm due to change my car soon and I've always beem lazy about it. Take my car to a garage, they give me trade in, swap my private plate over and give me a shiny (almost new) car. Leasing is a mind set change. I used to love 'owning' and still do with a Porsche 993 and BMW E46 M3. I needed a more sensible daily and considered buying a 2 year olf Golf GTD or GTI. Looking at what was available, none of the used cars were 100% perfect (too may miles/owners/imperfections etc), and they were expensive. A friend suggested considering a lease.
As a starting point, you need to be honest that driving a car is likely to cost you however you do it. If you buy, you may not crystallise depreciation until you sell, but it will apply. With leasing, you know upfront what your cost will be, and pay for it monthly.
I realise I don't 'own' the car. It will cost me £6,425 all in over two years and 8k per year. That's £1,250 upfront and £225 per month inc VAT. When I contrasted with a two year old Golf, I could see it losing a similar amount of money over two years. Here I have a brand new car, with warranty, maintenance and tax included. The ONLY additional expense has been insurance. I''m even covered if I wreck a tyre on a kerb, or wear it out.
The experience has been liberating. As said, it's a mind set change for sure. I even feel the need to explain the car is leased when I'm asked what car I 'have'. Yes, it's a rental. A two year rental. But it's also eliminated the hidden cost of motoring which for me is spending unnecessarily on additions/enhancements. I considered buying a VW boot liner for £60, then thought I was being a pr1ck for spending the money on a car that's not mine. I look after it very well, more or less as though it's my own. But when I kerbed an alloy wheel recently parking (I know....shame on me), I thought to myself, actually, so what! Had it been my own car, I'd have rushed to get it fixed.
If you're not one for new cars every now and again, it can make for expensive motoring. But my costs are fixed as there will be no unexpected expenses during my two years of leasing. And if you look for the deals (which this thread is incredibly helpful in helping identify), you can get some good value motoring.
Seems the manufacturers are far more prepared to disguise heavy discounts in lease cars than openly discount in the showrooms. If you can bag one of those deals, have flexibility over what you drive, and you like a new car every couple of years, it seems like a winner to me.
Edited by mohitos on Wednesday 29th July 10:18
Edited by mohitos on Wednesday 29th July 10:19
My car loan at the minute is < £160 a month and my new budget is around £300 a month so I've been clicking on links in this thread at that budget and wondering if leasing is for me. It's the only way someone like me could get into an M135i for example. I don't mind that I don't own the car, I keep a car for 3 or 4 years then get rid so I'm OK with that.
In m mind I know I have the hassle of selling my car myself and putting my plate on retention, etc. but that's hardly the end of hte world.
My biggest issue with leasing is what to do about the deposit for the next one. After 2/3 years I can hand the car back but what do people do about finding a spare couple of grand to lease the next car? Are regular leasers just saving a pot up during their lease to fund the next one?
CYMR0 said:
toon10 said:
Are regular leasers just saving a pot up during their lease to fund the next one?
Yes, and more besides. If that's an issue for you then I'd suggest lowering your budget to compensate.Yes, we just put away £75 per month over the 2yr lease which covers the next deposit. It's a bit arse about face but it means the whole thing can be thought about in monthly terms instead of a lump sum and then monthlies.
I'm sick as a dog that we've still got a year on the Yeti. The Octavia vRS Estate and new Superb Estate deals are outstanding at the moment, but to get out of the lease will cost 50% of remaining payments which is bonkers.
I'm sick as a dog that we've still got a year on the Yeti. The Octavia vRS Estate and new Superb Estate deals are outstanding at the moment, but to get out of the lease will cost 50% of remaining payments which is bonkers.
toon10 said:
That helps me decide leasing is maybe not my best option. At £300 per month I'd be looking at leasing for £200 and then saving an extra £100 on top for the next lease. £200 won't get me a "nice" lease car especially as it would be a personal one. I can get a lot of nice "older" metal with a standard loan. I'm not bothered about having brand new.
I'm not really sure how that differs to buying a new car? Surely you have to put money down when you do that?Hi all - new poster here.
I've been lurking since April and eventually signed up for the great Simpsons Skoda Octavia vRS Estate deal back in May.
For those who don't remember it was:
(all prices inc. VAT)
Initial Rental: £ 1990.00
23 Months : £ 199.00
Mileage/year : 8,000
Excess Mileage: 7.2p/mile
Total cost of ownership over 2 years: £6,567.00 (@ 16,000 miles)
(I can see they are doing similar deals at the moment, except mine comes with Sat Nav which is not offered on the current deal - have to say the current Superb Estate deal looks great too!)
I pick up the car next month from the Simpsons Dealership in Preston, just wondering if there's anything I need to be aware of either before I collect or whilst at the dealership? (annoyingly they didn't offer delivery but did offer to cover my train journey to Preston).
I definitely will sort out GAP insurance for the 2 years which comes out at around £80 - seems to me to be a no-brainer.
Cheers
I've been lurking since April and eventually signed up for the great Simpsons Skoda Octavia vRS Estate deal back in May.
For those who don't remember it was:
(all prices inc. VAT)
Initial Rental: £ 1990.00
23 Months : £ 199.00
Mileage/year : 8,000
Excess Mileage: 7.2p/mile
Total cost of ownership over 2 years: £6,567.00 (@ 16,000 miles)
(I can see they are doing similar deals at the moment, except mine comes with Sat Nav which is not offered on the current deal - have to say the current Superb Estate deal looks great too!)
I pick up the car next month from the Simpsons Dealership in Preston, just wondering if there's anything I need to be aware of either before I collect or whilst at the dealership? (annoyingly they didn't offer delivery but did offer to cover my train journey to Preston).
I definitely will sort out GAP insurance for the 2 years which comes out at around £80 - seems to me to be a no-brainer.
Cheers
V12 AMG said:
qboyd said:
What do people think about this one?
Skoda Superb New Model 2.0 TDI SE Business Edition 5Dr
24 months
£2400 initial
£240 admin fee
23 x £116.72
8k miles pa
Total £5,331 for 2 years in a very large car.
It's with Freedom Contracts http://www.freedomcontracts.com/Skoda-Superb-New-M...
I would be interested except that I've just gone for the Tiguan. (And it's a little too much car for me)
It's a great deal but i'd opt for the £593.94 up front and monthlies of £197.98. Works out £60ish more over the 2 years but less to worry about should anything go wrong and you lose the initial payment.Skoda Superb New Model 2.0 TDI SE Business Edition 5Dr
24 months
£2400 initial
£240 admin fee
23 x £116.72
8k miles pa
Total £5,331 for 2 years in a very large car.
It's with Freedom Contracts http://www.freedomcontracts.com/Skoda-Superb-New-M...
I would be interested except that I've just gone for the Tiguan. (And it's a little too much car for me)
The picture is of the outgoing model but they do specify that it's the "new" Superb and the specs seem to confirm.
I think it's a great looking estate.
I have two cars already and want a lease car for my main car but do not know what car I really want so I will take until about November to decide,do a factory order ready for the new registratio in March.
AntiLochus said:
Hi all - new poster here.
I've been lurking since April and eventually signed up for the great Simpsons Skoda Octavia vRS Estate deal back in May.
For those who don't remember it was:
(all prices inc. VAT)
Initial Rental: £ 1990.00
23 Months : £ 199.00
Mileage/year : 8,000
Excess Mileage: 7.2p/mile
Total cost of ownership over 2 years: £6,567.00 (@ 16,000 miles)
(I can see they are doing similar deals at the moment, except mine comes with Sat Nav which is not offered on the current deal - have to say the current Superb Estate deal looks great too!)
I pick up the car next month from the Simpsons Dealership in Preston, just wondering if there's anything I need to be aware of either before I collect or whilst at the dealership? (annoyingly they didn't offer delivery but did offer to cover my train journey to Preston).
I definitely will sort out GAP insurance for the 2 years which comes out at around £80 - seems to me to be a no-brainer.
Cheers
Couple of things to be aware of based on experience with the scout lease we got a couple of months ago. I've been lurking since April and eventually signed up for the great Simpsons Skoda Octavia vRS Estate deal back in May.
For those who don't remember it was:
(all prices inc. VAT)
Initial Rental: £ 1990.00
23 Months : £ 199.00
Mileage/year : 8,000
Excess Mileage: 7.2p/mile
Total cost of ownership over 2 years: £6,567.00 (@ 16,000 miles)
(I can see they are doing similar deals at the moment, except mine comes with Sat Nav which is not offered on the current deal - have to say the current Superb Estate deal looks great too!)
I pick up the car next month from the Simpsons Dealership in Preston, just wondering if there's anything I need to be aware of either before I collect or whilst at the dealership? (annoyingly they didn't offer delivery but did offer to cover my train journey to Preston).
I definitely will sort out GAP insurance for the 2 years which comes out at around £80 - seems to me to be a no-brainer.
Cheers
- The dealer in our case (Not Simpsons) could predict the age of universe with more accuracy than the date of delivery. From car being in the UK to deliver was about 4 weeks, we were given about 6 dates in that period. I suspect they were waiting for the new month to meet registration/ sales targets in the end.
- VW finance seem to be a bit lax, so far they have not taken a payment, and we have had the car for 8 weeks. This echoes the experience a family member had with them where they did not take payment. Repeated calls to the dealer not doing much so far. I would keep on top of the dealer for this.
Other than that, all good. Like the car a lot.
Edited by TheJelley on Wednesday 29th July 13:55
AntiLochus said:
I definitely will sort out GAP insurance for the 2 years which comes out at around £80 - seems to me to be a no-brainer.
Cheers
£80 total for the 2 years?Cheers
Is it time to tie up some loose ends?
As far as I can tell when you hand the car back it has to be in good used condition, it doesnt have to be the same as when it came out the showroom. So you'd expect some wheel kerbing, worn tyres and maybe a few superficial supermarket car park dings but no major dents. It should look honest. The seats and carpets used but not worn through etc.
Stolen or written off seems it could be the worst aspect.
Some companies work with the insurer, so they take the money to get you another car, so youre back in the same position without any affect on you. Magic.
Didnt one poster report the insurer had paid out the lease company and he'd had to pay off the outstanding installments leaving him no money for a deposit to get another. Obviously this is one to avoid
How do you tell one from the other?
Apparantly gap insurance doesnt cover that.
TheJelley said:
- VW finance seem to be a bit lax, so far they have not taken a payment, and we have had the car for 8 weeks. This echos the experience a family had with them where they did not take payment. Repeated calls to the dealer not doing much so far. I would keep on top of the dealer for this.
VWFS have had major problems with their DD runs recently. I've had to make two manual payments, maybe worth a phonecall to check with them?mohitos said:
toon10 said:
That helps me decide leasing is maybe not my best option. At £300 per month I'd be looking at leasing for £200 and then saving an extra £100 on top for the next lease. £200 won't get me a "nice" lease car especially as it would be a personal one. I can get a lot of nice "older" metal with a standard loan. I'm not bothered about having brand new.
I'm not really sure how that differs to buying a new car? Surely you have to put money down when you do that?loudlashadjuster said:
TheJelley said:
- VW finance seem to be a bit lax, so far they have not taken a payment, and we have had the car for 8 weeks. This echos the experience a family had with them where they did not take payment. Repeated calls to the dealer not doing much so far. I would keep on top of the dealer for this.
VWFS have had major problems with their DD runs recently. I've had to make two manual payments, maybe worth a phonecall to check with them?Will do
toon10 said:
When you "own" a car and want to get a new/newer one you use the car you have as the deposit. I don't worry about saving up any money when I want to change my car, I trade it in and get a loan for the remainder. With a lease, you hand the car back and have no car to trade or cash to use as a deposit for the next lease unless you save up during the current term.
You can get a lease with a lower initial payment - ask the broker/dealer and they should be able to sort if for you.Unless I am missing something, I cannot see why people pay a larger "deposit" on a lease car and then save extra cash each month for the next car deposit when you could just pay a lower initial "deposit" and pay more each month.....
Emeye said:
You can get a lease with a lower initial payment - ask the broker/dealer and they should be able to sort if for you.
Unless I am missing something, I cannot see why people pay a larger "deposit" on a lease car and then save extra cash each month for the next car deposit when you could just pay a lower initial "deposit" and pay more each month.....
Some people may want to leave themselves with more disposable income each month?Unless I am missing something, I cannot see why people pay a larger "deposit" on a lease car and then save extra cash each month for the next car deposit when you could just pay a lower initial "deposit" and pay more each month.....
Anyone posted this deal yet?
Comes with leather, nav and choice of metallic apparently.
Not sure what excess ppm or admin charge is.
With www.clvr.org.uk
ETA admin charge is £300, mileage is 6000 per year - might be business only too, which is a shame.
Comes with leather, nav and choice of metallic apparently.
Not sure what excess ppm or admin charge is.
With www.clvr.org.uk
ETA admin charge is £300, mileage is 6000 per year - might be business only too, which is a shame.
loudlashadjuster said:
TheJelley said:
- VW finance seem to be a bit lax, so far they have not taken a payment, and we have had the car for 8 weeks. This echos the experience a family had with them where they did not take payment. Repeated calls to the dealer not doing much so far. I would keep on top of the dealer for this.
VWFS have had major problems with their DD runs recently. I've had to make two manual payments, maybe worth a phonecall to check with them?
Emeye said:
Anyone posted this deal yet?
Comes with leather, nav and choice of metallic apparently.
Not sure what excess ppm or admin charge is.
With www.clvr.org.uk
ETA admin charge is £300, mileage is 6000 per year - might be business only too, which is a shame.
Cheaper and more miles with freedom although I do think its business only which is a shame. Comes with leather, nav and choice of metallic apparently.
Not sure what excess ppm or admin charge is.
With www.clvr.org.uk
ETA admin charge is £300, mileage is 6000 per year - might be business only too, which is a shame.
http://www.freedomcontracts.com/BMW-5-Series-4Dr-5...
btcc123 said:
V12 AMG said:
qboyd said:
What do people think about this one?
Skoda Superb New Model 2.0 TDI SE Business Edition 5Dr
24 months
£2400 initial
£240 admin fee
23 x £116.72
8k miles pa
Total £5,331 for 2 years in a very large car.
It's with Freedom Contracts http://www.freedomcontracts.com/Skoda-Superb-New-M...
I would be interested except that I've just gone for the Tiguan. (And it's a little too much car for me)
It's a great deal but i'd opt for the £593.94 up front and monthlies of £197.98. Works out £60ish more over the 2 years but less to worry about should anything go wrong and you lose the initial payment.Skoda Superb New Model 2.0 TDI SE Business Edition 5Dr
24 months
£2400 initial
£240 admin fee
23 x £116.72
8k miles pa
Total £5,331 for 2 years in a very large car.
It's with Freedom Contracts http://www.freedomcontracts.com/Skoda-Superb-New-M...
I would be interested except that I've just gone for the Tiguan. (And it's a little too much car for me)
The picture is of the outgoing model but they do specify that it's the "new" Superb and the specs seem to confirm.
I think it's a great looking estate.
I have two cars already and want a lease car for my main car but do not know what car I really want so I will take until about November to decide,do a factory order ready for the new registratio in March.
Anyone know of any similar deals with stock cars?
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