Best Lease Car Deals Available? (Vol II)

[Blown2CV]

hornetrider said:

PorkInsider said:

1. Buy the car off them - £21,100
2. Extend the contract - £470/month inc VAT
3. Continue current lease informally - same as current payments (£358/month inc VAT)

1. How does that sit with current market value?

2/3. Why on earthe would you pick 2?!

because had failed to budget for the need to pay a deposit on a new vehicle to replace current one. Consider the uplift as a tax on stupidity!

[silentbrown]

Blown2CV said:

hornetrider said:

PorkInsider said:

1. Buy the car off them - £21,100
2. Extend the contract - £470/month inc VAT
3. Continue current lease informally - same as current payments (£358/month inc VAT)

2/3. Why on earthe would you pick 2?!

because had failed to budget for the need to pay a deposit on a new vehicle to replace current one. Consider the uplift as a tax on stupidity!

Err, no. The tax on extreme stupidity would be choosing option 2 over option 3...

[PorkInsider]

hornetrider said:

PorkInsider said:

1. Buy the car off them - £21,100
2. Extend the contract - £470/month inc VAT
3. Continue current lease informally - same as current payments (£358/month inc VAT)

1. How does that sit with current market value?

2/3. Why on earthe would you pick 2?!

1. As per earlier post - around £18k at WBAC so presumably around £21k to buy on open market(?)

2/3. Bizarre isn't it. You would have to be mad! Unless the lease co' can call for the car to be returned whenever they please if you choose 3? They didn't mention that though...

[hornetrider]

PorkInsider said:

hornetrider said:

PorkInsider said:

1. Buy the car off them - £21,100
2. Extend the contract - £470/month inc VAT
3. Continue current lease informally - same as current payments (£358/month inc VAT)

1. How does that sit with current market value?

2/3. Why on earthe would you pick 2?!

1. As per earlier post - around £18k at WBAC so presumably around £21k to buy on open market(?)

2/3. Bizarre isn't it. You would have to be mad! Unless the lease co' can call for the car to be returned whenever they please if you choose 3? They didn't mention that though...

Are you interested in buying it at all? You could try a counter offer. WBAC appears to be around what they would get for trade, they may be amenable to an offer.

[jdncl]

Decent deal on an A6 Quattro Avant - https://www.contracthireandleasing.com/car-leasing...

Probably a screw up though!

[zxxxxxxxc]

First time leaser here. Found my way to this thread which seems to be the font of all knowledge on PCH deals.

Not looking for anything spectacular. 5 door hatchback on a 3x23 or 3x35 lease with monthly payments at around £200 or less. Nationwide seem to have reasonable deals on the Focus and Astra. Does anyone know of any other good deals out there at the moment? Needs to be something available within 2-3 weeks.

Could move to 6 month initial payment if it proved value over the term.

Thanks in advance!

[Blown2CV]

what i don't understand is why people are getting into leases and then expending mental and physical effort discussing ways and means to change the contract length, pleading to make an offer to buy the car, complaining that the lease co are trying to charge huge amounts for all of these deviations from route one... surely you get into a lease to remove all of that hassle? Just be at peace with giving the car back and getting another, and worry about other things in your life. If you really want flexibility and for some reason feel you need to own a car, why not choose literally any other purchasing method... they all allow you both of those things? Why try and make a lease into a PCP, when it should be abundantly clear a) it isn't and b) PCPs exist?

[CYMR0]

zxxxxxxxc said:

First time leaser here. Found my way to this thread which seems to be the font of all knowledge on PCH deals.

Not looking for anything spectacular. 5 door hatchback on a 3x23 or 3x35 lease with monthly payments at around £200 or less. Nationwide seem to have reasonable deals on the Focus and Astra. Does anyone know of any other good deals out there at the moment? Needs to be something available within 2-3 weeks.

Could move to 6 month initial payment if it proved value over the term.

Thanks in advance!

https://www.jetvehiclefinance.co.uk/Search/ViewVehicle/?Manufacturer=VAUXHALL&Range=ASTRA&Derivative=1.4T%2016V%20150%20Elite%205dr&VehicleId=66424&ManufacturerId=10968&RangeId=137&CategoryId=&Instock=false&Transmission=&FuelType=&Business=false&MinPrice=0&MaxPrice=2000&MinContractLength=0&MaxContractLength=60&InitialPayment=0

A couple of hundred cheaper over the term.

[Equilibrium25]

jdncl said:

Decent deal on an A6 Quattro Avant - https://www.contracthireandleasing.com/car-leasing...

Probably a screw up though!

Confirmed as a mistake, I just phoned them to enquire about it.

[ayman82]

Madness60 said:

Thanks to much lurking in this and other threads I've just had an Audi A4 Avant 1.4 Sport delivered. Having paused (offered my local VW dealer a chance...not doing that again) on the Golf R estate deal I was determined to find something.

So the deal I got was (all prices inc VAT), no options in Black.

Initial - £1529.91
23 x £169.99

No fee

Total - £5416.91

10000 miles per year (7.2 per mile extra, standard VW)

Apparently this offer is still available.

What do you mean by you gave the local VW a chance?

[Rscut]

ayman82 said:

What do you mean by you gave the local VW a chance?

He was going to get the Golf R estate, but wanted to see if his local dealer could do the same deal but then he missed out on it.

[ayman82]

Rscut said:

He was going to get the Golf R estate, but wanted to see if his local dealer could do the same deal but then he missed out on it.

Ah okay, it depends how long he gave the dealer to react - I tried a couple of dealers, and stuck with the best one. Hopefully I'll be able to pick it up next week.

[PorkInsider]

hornetrider said:

PorkInsider said:

hornetrider said:

PorkInsider said:

1. Buy the car off them - £21,100
2. Extend the contract - £470/month inc VAT
3. Continue current lease informally - same as current payments (£358/month inc VAT)

1. How does that sit with current market value?

2/3. Why on earthe would you pick 2?!

1. As per earlier post - around £18k at WBAC so presumably around £21k to buy on open market(?)

2/3. Bizarre isn't it. You would have to be mad! Unless the lease co' can call for the car to be returned whenever they please if you choose 3? They didn't mention that though...

Are you interested in buying it at all? You could try a counter offer. WBAC appears to be around what they would get for trade, they may be amenable to an offer.

No, not at all. It would have to be a very good price as I'm simply expecting to take out another lease when the time comes and I find what I want. The only option I'm interested in is the informal continuation, if it's needed.

[PorkInsider]

Blown2CV said:

what i don't understand is why people are getting into leases and then expending mental and physical effort discussing ways and means to change the contract length, pleading to make an offer to buy the car, complaining that the lease co are trying to charge huge amounts for all of these deviations from route one... surely you get into a lease to remove all of that hassle? Just be at peace with giving the car back and getting another, and worry about other things in your life. If you really want flexibility and for some reason feel you need to own a car, why not choose literally any other purchasing method... they all allow you both of those things? Why try and make a lease into a PCP, when it should be abundantly clear a) it isn't and b) PCPs exist?

Do people really do that? I know I don't.

I posted the options I'd been given as I wasn't expecting anything other than to hand the car back exactly 36 months after it was delivered, but it's interesting/useful info for others in the same boat. For some people the end-of-lease options might be just what they're looking for.

[Blown2CV]

PorkInsider said:

Blown2CV said:

what i don't understand is why people are getting into leases and then expending mental and physical effort discussing ways and means to change the contract length, pleading to make an offer to buy the car, complaining that the lease co are trying to charge huge amounts for all of these deviations from route one... surely you get into a lease to remove all of that hassle? Just be at peace with giving the car back and getting another, and worry about other things in your life. If you really want flexibility and for some reason feel you need to own a car, why not choose literally any other purchasing method... they all allow you both of those things? Why try and make a lease into a PCP, when it should be abundantly clear a) it isn't and b) PCPs exist?

Do people really do that? I know I don't.

I posted the options I'd been given as I wasn't expecting anything other than to hand the car back exactly 36 months after it was delivered, but it's interesting/useful info for others in the same boat. For some people the end-of-lease options might be just what they're looking for.

well maybe this isn't you then, but it comes up on here a reasonable amount. How can I extend, how can i buy the car, lease company don't want to discuss it with me, fees are too expensive etc. It's as if people don't understand what they're getting into, or properly read the terms before they sign... or just assume that any the lease co will just change any clause in the contract as long as they ask nicely enough / plead / shout. It's safe to assume that the thing you've signed - that's what you're getting. People going in to it really need to do so with the knowledge that there is only one option they are guaranteed to have at the end - give the car back. Some lease cos will do a short term informal extension, but I fail to see how this is anything other than a short term stopgap. It's really only if your new car is late arriving or something like that; not a new arrangement in its own right. The formal extensions are expensive and I fail to see how those are attractive to anyone other than those that have just misunderstood, failed to budget or failed to plan. A far better idea if you've fked up and can't afford the deposit on a new car or left it too late to get one before current one goes back is to just take out a loan and buy a used car. Rather than than have the monthly payment go up 50%.

[wibblebrain]

Blown2CV said:

well maybe this isn't you then, but it comes up on here a reasonable amount. How can I extend, how can i buy the car, lease company don't want to discuss it with me, fees are too expensive etc. It's as if people don't understand what they're getting into, or properly read the terms before they sign... or just assume that any the lease co will just change any clause in the contract as long as they ask nicely enough / plead / shout. It's safe to assume that the thing you've signed - that's what you're getting. People going in to it really need to do so with the knowledge that there is only one option they are guaranteed to have at the end - give the car back. Some lease cos will do a short term informal extension, but I fail to see how this is anything other than a short term stopgap. It's really only if your new car is late arriving or something like that; not a new arrangement in its own right. The formal extensions are expensive and I fail to see how those are attractive to anyone other than those that have just misunderstood, failed to budget or failed to plan. A far better idea if you've fked up and can't afford the deposit on a new car or left it too late to get one before current one goes back is to just take out a loan and buy a used car. Rather than than have the monthly payment go up 50%.

I think you've answered your own question really.

[Philvrs]

cat220 said:

Pentagon have been running decent deals on the Corsa VXR for some time now.

http://www.pentagon-group.co.uk/offers/new-car/new...

Not as cheap as it was 6 months ago but not bad at £195 deposit and £195/month, although over 3 years might put some off.

Slightly better at Aston Vauxhall, was tempted by the old car, might get tempted again after attending the vxr power event in July.

http://www.astonvauxhall.co.uk/new-car-product-inf...

[talksthetorque]

wibblebrain said:

I think you've answered your own question really.

There may be a few specific circumstances where extending the lease is an attractive idea for the lessee.

Remember personal leasing has only really taken off fairly recently and most of their historical data - and therefore their calculations will come from business leases to fleets.

If the company leasing the vehicles suddenly starts to ask for lease extensions, as opposed to getting new leases, then its a fairly safe bet they don't want to commit to another 3 year lease because they're thinking of laying staff off.

Lots of companies are - at this point - in the st, so there's a perceived increase in risk on the finance.
Of course they can sell the cars on, but the sudden repossession and remarketing of a fleet of vehicles from all over the country also needs budgeting for.
Hence the higher prices.

[Toolslinger]

Philvrs said:

Slightly better at Aston Vauxhall, was tempted by the old car, might get tempted again after attending the vxr power event in July.

http://www.astonvauxhall.co.uk/new-car-product-inf...

Cheaper still
http://www.walkersmotorgroup.co.uk/offers/leasing/...

[Pulse00]

Toolslinger said:

Cheaper still
http://www.walkersmotorgroup.co.uk/offers/leasing/...

Isn't this almost too cheap to be true!? 1+35 for £169 a month and 6p per excess mile?! Blimey.