Best lease car deals available?
Discussion
Guvernator said:
I thought the same, surely had to be a typo then I checked the prices on 340i's and they are bonkers. You can get an M3 for not much more than that! Sorry but I don't think that's very good value for money.
would be happy to see the deal on M3 at not much more money and 15000 miles a year with only 3 payments up front.Please can you share as my research has led me to believe this is an ok deal bearing in mind its only £50 more a month than a 320d
Edited by S5V8 on Thursday 1st October 16:18
Edited by S5V8 on Thursday 1st October 16:20
S5V8 said:
would be happy to see the deal on M3 at not more money and 15000 miles a year with only 3 payments up front.
Please can you share as my research has let me to believe this is ok dal bearing in mind its only £50 more a month than a 320d
You're right. People often chirp up with low monthly payments on 9+ deals and suchlike. With the issue over total insurance losses still a little unclear I'd far rather have a 3+ than a 9+ agreement. Please can you share as my research has let me to believe this is ok dal bearing in mind its only £50 more a month than a 320d
S5V8 said:
wemorgan said:
BMW 3 and 5 series are quite a bit cheaper, so it depends if you have to drive the latest make/model or are happy with any car in the same class.
Bmw have always operated this way. I am just about to order a 340i msport touring for £488 a month on a 3/23 deal for 15k a year. Very happy with spec and added privacy, 19" wheels and heated seats.The normal stereo is fine for me and not worth £25 a month nor is the same amount for led lights.
Melbourne red with oyster leather.
S5V8 said:
Guvernator said:
I thought the same, surely had to be a typo then I checked the prices on 340i's and they are bonkers. You can get an M3 for not much more than that! Sorry but I don't think that's very good value for money.
would be happy to see the deal on M3 at not much more money and 15000 miles a year with only 3 payments up front.Please can you share as my research has led me to believe this is ok deal bearing in mind its only £50 more a month than a 320d
Guvernator said:
btcc123 said:
£488 a month for a 3 series BMW has the world gone mad.
I thought the same, surely had to be a typo then I checked the prices on 340i's and they are bonkers. You can get an M3 for not much more than that! Sorry but I don't think that's very good value for money.The 340 list price is about 40k and after diccounts is a 31k car so the cars have a real world difference in price of 24k.
Freedon do a BMW 320d M sport 24 month deal for a total of £7194.The 340 deal at £488 3+23 would cost £12688 over 24 months .
So the 320d M sport is £5494 cheaper that equates to £228.91 a month.So nearly half price.
This may be irrelevant as people can do what they like with their or their companies money,some people have more money than others,people prioritize different things in life,like different cars so at the end of the day who is right.
They all are as we are all individuals.
So the 320d M sport is £5494 cheaper that equates to £228.91 a month.So nearly half price.
This may be irrelevant as people can do what they like with their or their companies money,some people have more money than others,people prioritize different things in life,like different cars so at the end of the day who is right.
They all are as we are all individuals.
btcc123 said:
Freedon do a BMW 320d M sport 24 month deal for a total of £7194.The 340 deal at £488 3+23 would cost £12688 over 24 months .
So the 320d M sport is £5494 cheaper that equates to £228.91 a month.So nearly half price.
This may be irrelevant as people can do what they like with their or their companies money,some people have more money than others,people prioritize different things in life,like different cars so at the end of the day who is right.
They all are as we are all individuals.
Ok but you can only compare apples with apples. I cant find your deal on freedom for an auto touring done 15k at that money, the cheapest I can find is 3/23 at £360.25 which is a total of 9369.10?So the 320d M sport is £5494 cheaper that equates to £228.91 a month.So nearly half price.
This may be irrelevant as people can do what they like with their or their companies money,some people have more money than others,people prioritize different things in life,like different cars so at the end of the day who is right.
They all are as we are all individuals.
Also the 320d m sport does not get free metallic so add another £645 or £25 ish a month to that so that's now at about £385 without options.
I think £50 more a month to get the following options is well worth it and another £50 to get a 326bhp petrol model over a 320d is a bargain in my book.
Sports auto with paddles
Privacy
19" wheels
Heated seats
Edited by S5V8 on Thursday 1st October 17:48
mat205125 said:
S5V8 said:
wemorgan said:
BMW 3 and 5 series are quite a bit cheaper, so it depends if you have to drive the latest make/model or are happy with any car in the same class.
Bmw have always operated this way. I am just about to order a 340i msport touring for £488 a month on a 3/23 deal for 15k a year. Very happy with spec and added privacy, 19" wheels and heated seats.The normal stereo is fine for me and not worth £25 a month nor is the same amount for led lights.
Melbourne red with oyster leather.
I have got different 19's to this car but everything else is the same.
http://www.bmwblog.com/2015/05/07/bmw-340i-touring...
Edited by S5V8 on Thursday 1st October 18:01
Rick1.8t said:
TonyF55 said:
Birdster said:
My car is on a yearly service plan, or 10K miles, whichever comes first and the car is on a two year lease. I've asked the question with regards to how people handle the service on return on here previously before (as most people discuss total cost and they included the second yearly service) and the reply was to get the first service carried out a few weeks later than the due date so that the second service is due two weeks after the return date.
I called Network (the car is leased through G2L) and they've said the car needs to be serviced upon return, or I will be charged for a missed service as it will be due on the date of return. I only called as I had to sort out taking the car out of the country.
Terms from the contract are below. 7.1.2 is the key bit and no mention of leeway. It might work with other lease companies, but doesn't appear to be as flexible with my lease.
7 Service, Maintenance and Repair: Your Obligations 7.1You shall, subject to any of our obligations where you have selected the Optional Service under paragraph 9: 7.1.1 take reasonable care of the Vehicle and keep the Vehicle in good and substantial repair and condition at all times making good all damage to the Vehicle whether or not such damage is your fault. 7.1.2 keep the Vehicle properly serviced in accordance with the manufacturers recommended service schedule by an agent approved by us and provide all necessary fluids and lubricants. 7.2Without affecting your general obligations under paragraph 7.1, you shall ensure that: 7.2.1 all tyres are checked regularly and that they are kept in good condition and meet legal requirements; 7.2.2you repair, at your own expense, any stone chips, or cracks or any other damage to the windscreen or other vehicle glass; 7.2.3 accurate service records are maintained at all times and that the approved servicing and repair agent completes and stamps the Vehicle’s service record after each service; 7.2.4 the Vehicle complies with any manufacturer’s recall notice and at your own expense, arrange for such alterations or modifications to the Vehicle as may be required by any law or regulation which comes into effect at any time after the delivery of the Vehicle
So are people taking a gamble with their returns and not servicing the car?
ETA - Sorry don't want to take the thread massively off topic, but a large number of contributors to this thread have been leasing for a while and seem to know the ins and outs better.
Surely just arrange to give the car back 2-3 days before it's 2nd birthday, saying you will be out the country on the 2nd birthday so needs to be gone before then. That is what I plan on doing and I could well be genuinely out of the country I called Network (the car is leased through G2L) and they've said the car needs to be serviced upon return, or I will be charged for a missed service as it will be due on the date of return. I only called as I had to sort out taking the car out of the country.
Terms from the contract are below. 7.1.2 is the key bit and no mention of leeway. It might work with other lease companies, but doesn't appear to be as flexible with my lease.
7 Service, Maintenance and Repair: Your Obligations 7.1You shall, subject to any of our obligations where you have selected the Optional Service under paragraph 9: 7.1.1 take reasonable care of the Vehicle and keep the Vehicle in good and substantial repair and condition at all times making good all damage to the Vehicle whether or not such damage is your fault. 7.1.2 keep the Vehicle properly serviced in accordance with the manufacturers recommended service schedule by an agent approved by us and provide all necessary fluids and lubricants. 7.2Without affecting your general obligations under paragraph 7.1, you shall ensure that: 7.2.1 all tyres are checked regularly and that they are kept in good condition and meet legal requirements; 7.2.2you repair, at your own expense, any stone chips, or cracks or any other damage to the windscreen or other vehicle glass; 7.2.3 accurate service records are maintained at all times and that the approved servicing and repair agent completes and stamps the Vehicle’s service record after each service; 7.2.4 the Vehicle complies with any manufacturer’s recall notice and at your own expense, arrange for such alterations or modifications to the Vehicle as may be required by any law or regulation which comes into effect at any time after the delivery of the Vehicle
So are people taking a gamble with their returns and not servicing the car?
ETA - Sorry don't want to take the thread massively off topic, but a large number of contributors to this thread have been leasing for a while and seem to know the ins and outs better.
Why is everybody getting so upset / smug about the idea of avoiding this second service? Your contract states 2 services in 2 years, i hardly think 2 days will make a difference to that, I am sure they are not that inept - Just to what you signed up to do.
Is it so hard to take it to your local indie garage, get genuine parts and have the correct items serviced for 1/4 the cost and hand it back. -
I had budgeted for two services, but I'd seen it mentioned so many times on this lease thread and other places when discussing costs over the term that I thought to myself why service it the second time if no one else does? However it seems this is a grey area as some people seem to get away with it, whilst others do service before returning. On another thread there was a penalty but it was less than the service cost. Anyway thanks for the replies, I just wanted some clarification and although the lease company had told me this and the terms clearly state it I was curious where people were getting these ideas from. Although I may be getting it confused with cars where the service schedule goes on a long term plan, so my mistake.
In answer to the questions it's a Fiesta ST-3 and servcing is the same schedule regardless.
wemorgan said:
BMW 3 and 5 series are quite a bit cheaper, so it depends if you have to drive the latest make/model or are happy with any car in the same class.
Not at all. I'm after a refined car with a great interior, my first choice was the F31. However I've not found a deal for much less than £400 a month taking into account all payments with the optional extras I'd like.crispyshark said:
Who is that with? Any deals on the F-Pace?
Apologies just saw your post, the deal was from Sturgess Of Leicester (https://www.contracthireandleasing.com/car-leasing-companies/main-dealers/sturgess-jaguar/jaguar/xe/58393050/)The F Pace appears to be quite a bit more expensive
We just signed up for the following deal direct with the Hyundai dealership:
Hyundai I30 SE (high spec, climate, parking sensors, metallic etc)
1.6 CDTI manual
10,000 PA with excess charged at 4.8p
No admin fee
£518 down - £171 a month (3+23)
Stock car, collect it next week or two, they have another one too.
Let me know if you want the details.
Hyundai I30 SE (high spec, climate, parking sensors, metallic etc)
1.6 CDTI manual
10,000 PA with excess charged at 4.8p
No admin fee
£518 down - £171 a month (3+23)
Stock car, collect it next week or two, they have another one too.
Let me know if you want the details.
hassom said:
Hi,
Any good 1 series M sport lease options? I have noticed BMW approved used have gone expensive!
Contract length: 5 years
Deposit: 3k
Annual mileage: 10-12k
Budget: around 150-190 per month.
Automatic
Let me know
5 years? At £190/month, wouldn't you be better taking a loan and buying one? 10-12k would buy you one, and after 5 years you would still have some asset.Any good 1 series M sport lease options? I have noticed BMW approved used have gone expensive!
Contract length: 5 years
Deposit: 3k
Annual mileage: 10-12k
Budget: around 150-190 per month.
Automatic
Let me know
I know this is the lease thread, but 48 month leases seem to be the max?
Vaud said:
5 years? At £190/month, wouldn't you be better taking a loan and buying one? 10-12k would buy you one, and after 4 years you would still have some asset.
The total budget is £11,640 over four years.Assuming £1k for interest that leaves a budget of £10,640.
That should get one of the last of the previous generation cars with a bit of warranty. In four years' time, that will probably translate to a £4k trade-in.
So if the additional costs of fuel, repairs, road tax and possibly insurance come to more than £4k over four years - possible but not likely - a new lease will be cheaper.
Alternatively if you set the budget at £150/month on a 9+47 and you get something that is financially competitive with buying a recent-ish, nice used car.
Edited by CYMR0 on Friday 2nd October 14:54
CYMR0 said:
The total budget is £11,640 over four years.
Assuming £1k for interest that leaves a budget of £10,640.
That should get one of the last of the previous generation cars with a bit of warranty. In four years' time, that will probably translate to a £4k trade-in.
So if the additional costs of fuel, repairs, road tax and possibly insurance come to more than £4k over four years - possible but not likely - a new lease will be cheaper.
Alternatively if you set the budget at £150/month on a 9+47 and you get something that is financially competitive with buying a recent-ish, nice used car.
Thanks, Well my mate got a 2013 plate 1 series from a chap in blackburn for 170 per month with a deposit of 3k plus 12k annual mileage including extended 2 year warranty. I am looking for something similar but auto. Assuming £1k for interest that leaves a budget of £10,640.
That should get one of the last of the previous generation cars with a bit of warranty. In four years' time, that will probably translate to a £4k trade-in.
So if the additional costs of fuel, repairs, road tax and possibly insurance come to more than £4k over four years - possible but not likely - a new lease will be cheaper.
Alternatively if you set the budget at £150/month on a 9+47 and you get something that is financially competitive with buying a recent-ish, nice used car.
Edited by CYMR0 on Friday 2nd October 14:54
would you say I should get a loan and not finance?
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