Best Lease Car Deals Available? (Vol 3)

Best Lease Car Deals Available? (Vol 3)

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Dog Star

16,079 posts

167 months

Saturday 3rd December 2016
quotequote all
Burwood said:
That is not true at all. I know, I have it all in writing from the horses mouth and ALA who are experts.
1. If there is a total loss, the car and it's value is between your insurer and the financier (VWFS etc). Nothing to do with the lessee. If VWFS don't like the payout, they take it up with your insurer. It is NOT anything for you to worry about.
2. The lease payments are ALL due. So take out a £400X36 deal and write it off on day one. You owe the finance company 14,400 but anything less is up to them to decide.
3. The gap is to cover this 14.4k not any insurance payout shortfall.

Obviously with PCP you own the car so any insurance shortfall is an issue for you
It's either the remainder of the lease or there are early termination fees (which is what my insurance is dealing with now). They're a LOT!

Don't even think about leasing a car without gap. You'd be a total fool. It's not even expensive.

Tringus

18 posts

87 months

Saturday 3rd December 2016
quotequote all
Parisien said:
All Golfs in stock listed below in this search .....

https://www.contracthireandleasing.com/personal/ca...


P
Appreciated. Is that ever lease company though?

essayer

9,008 posts

193 months

Saturday 3rd December 2016
quotequote all
Tringus said:
Appreciated. Is that ever lease company though?
No, and the in stock marker often lags behind true stock by a few weeks. Calling and speaking to the fleet/agent gives you the heads up on actual stock and what might get arriving in one-two weeks etc

Burwood

18,709 posts

245 months

Saturday 3rd December 2016
quotequote all
Dog Star said:
Burwood said:
That is not true at all. I know, I have it all in writing from the horses mouth and ALA who are experts.
1. If there is a total loss, the car and it's value is between your insurer and the financier (VWFS etc). Nothing to do with the lessee. If VWFS don't like the payout, they take it up with your insurer. It is NOT anything for you to worry about.
2. The lease payments are ALL due. So take out a £400X36 deal and write it off on day one. You owe the finance company 14,400 but anything less is up to them to decide.
3. The gap is to cover this 14.4k not any insurance payout shortfall.

Obviously with PCP you own the car so any insurance shortfall is an issue for you
It's either the remainder of the lease or there are early termination fees (which is what my insurance is dealing with now). They're a LOT!

Don't even think about leasing a car without gap. You'd be a total fool. It's not even expensive.
Peanuts yep

pdavison

1,637 posts

276 months

Saturday 3rd December 2016
quotequote all
Trigger pulled just over a week ago and delivery made earlier today ... so far very impressed!


|http://thumbsnap.com/nVW9hpUI[/url]

EddieSteadyGo

11,717 posts

202 months

Saturday 3rd December 2016
quotequote all
pdavison said:
Trigger pulled just over a week ago and delivery made earlier today ... so far very impressed!


|http://thumbsnap.com/nVW9hpUI[/url]
Very nice. Electic b250e. Just missed what I was told was the last one at £189 / month on 9+23.

pdavison

1,637 posts

276 months

Saturday 3rd December 2016
quotequote all
I went for 3+23 but worked out about the same over the term

EddieSteadyGo

11,717 posts

202 months

Saturday 3rd December 2016
quotequote all
pdavison said:
I went for 3+23 but worked out about the same over the term
Very good deal. You beat me to it!

Casa1862

1,062 posts

164 months

Sunday 4th December 2016
quotequote all
Burwood said:
Dog Star said:
Burwood said:
That is not true at all. I know, I have it all in writing from the horses mouth and ALA who are experts.
1. If there is a total loss, the car and it's value is between your insurer and the financier (VWFS etc). Nothing to do with the lessee. If VWFS don't like the payout, they take it up with your insurer. It is NOT anything for you to worry about.
2. The lease payments are ALL due. So take out a £400X36 deal and write it off on day one. You owe the finance company 14,400 but anything less is up to them to decide.
3. The gap is to cover this 14.4k not any insurance payout shortfall.

Obviously with PCP you own the car so any insurance shortfall is an issue for you
It's either the remainder of the lease or there are early termination fees (which is what my insurance is dealing with now). They're a LOT!

Don't even think about leasing a car without gap. You'd be a total fool. It's not even expensive.
Peanuts yep
Thanks, so gap works differently for lease vehicles, it's not making the value difference up but insuring the remaining payments. My early repayment would be half of remaining term that should be invoiced.

saaby93

32,038 posts

177 months

Sunday 4th December 2016
quotequote all
silentbrown said:
burty39 said:
My insurer is Quotemehappy (Aviva) they eventually settled with VWFS at £30,500 which was in the middle of respective valuations.
That's for a four-month old Touareg R? yikes
Surely they need to be able to pay him out enough to buy another one - if not 4 months old why not a new one?

saaby93

32,038 posts

177 months

Sunday 4th December 2016
quotequote all
Burwood said:
That is not true at all. I know, I have it all in writing from the horses mouth and ALA who are experts.
1. If there is a total loss, the car and it's value is between your insurer and the financier (VWFS etc). Nothing to do with the lessee. If VWFS don't like the payout, they take it up with your insurer. It is NOT anything for you to worry about.
2. The lease payments are ALL due. So take out a £400X36 deal and write it off on day one. You owe the finance company 14,400 but anything less is up to them to decide.
3. The gap is to cover this 14.4k not any insurance payout shortfall.
although the lease payments are all due, if they take them surely they cant claim the car and the insurance payout as well - otherwise they'd be quids in


Burwood

18,709 posts

245 months

Sunday 4th December 2016
quotequote all
Casa1862 said:
Burwood said:
Dog Star said:
Burwood said:
That is not true at all. I know, I have it all in writing from the horses mouth and ALA who are experts.
1. If there is a total loss, the car and it's value is between your insurer and the financier (VWFS etc). Nothing to do with the lessee. If VWFS don't like the payout, they take it up with your insurer. It is NOT anything for you to worry about.
2. The lease payments are ALL due. So take out a £400X36 deal and write it off on day one. You owe the finance company 14,400 but anything less is up to them to decide.
3. The gap is to cover this 14.4k not any insurance payout shortfall.

Obviously with PCP you own the car so any insurance shortfall is an issue for you
It's either the remainder of the lease or there are early termination fees (which is what my insurance is dealing with now). They're a LOT!

Don't even think about leasing a car without gap. You'd be a total fool. It's not even expensive.
Peanuts yep
Thanks, so gap works differently for lease vehicles, it's not making the value difference up but insuring the remaining payments. My early repayment would be half of remaining term that should be invoiced.
There are various options for lease vehicles but essentially , yes. You can also insure the initial payment which can be a few grand plus the future liability. If anyone is unsure I highly recommend ala.co.uk who really are a pleasure to deal with. Just tell them you heard about them on PH.

CYMR0

3,940 posts

199 months

Sunday 4th December 2016
quotequote all
saaby93 said:
lthough the lease payments are all due, if they take them surely they cant claim the car and the insurance payout as well - otherwise they'd be quids in
I suspect that they might have difficulty enforcing those terms against a private customer - they get the value of a new car, plus the lease payments (whereas they were expecting to get a two year old car back) - but that is what the contract says.

Note that they don't get the car itself - because that is written off and title goes to the insurer. (Otherwise the car would just be repaired and would stay with the lessee).

While I'd have a go at defending a claim for the full lease value if one were brought against me and I didn't have gap insurance, gap insurance is so relatively cheap that it simply isn't worth my while.

Parisien

622 posts

161 months

Sunday 4th December 2016
quotequote all
Guys, I've noticed a number of posters stating they'd received mail shots of special offers from a number of companies/brokers, is it simply a case of subscribing to these companies or had you to be a previous customer etc?

I'll be in the market for an Audi A3 in the coming weeks and it would be great to get the heads up early or have with a greater choice base.

Thanks


P

Edited by Parisien on Sunday 4th December 14:44

dave_s13

13,813 posts

268 months

Sunday 4th December 2016
quotequote all
pdavison said:
I went for 3+23 but worked out about the same over the term
Very nice that. Weird as I have no real affection for the B class in any other guise than EV!

Similar to the Kia soul I've signed up for. I'd never consider such a car but stick an EV power train in there and I want one. I think I've been converted.

amagawd

19 posts

162 months

Sunday 4th December 2016
quotequote all
Parisien said:
Guys, I've noticed a number of posters stating they'd received mailed shots of special offers from a number of companies/brokers, is it simply a case of subscribing to these companies or had you to be a previous customer etc?

I'll be in the market for an Audi A3 in the coming weeks and it would be great to get the heads up early or have with a greater choice base.

Thanks


P
Same here. About to change to my 1st job as a contractor so will go about leasing my cars rather than buying outright. Looking for a nice AMG trim Mercedes C/E.

wemorgan

3,578 posts

177 months

Sunday 4th December 2016
quotequote all
amagawd said:
Same here. About to change to my 1st job as a contractor so will go about leasing my cars rather than buying outright. Looking for a nice AMG trim Mercedes C/E.
E220d AMG Line are decent value right now for in stock cars.

rajan2004

68 posts

90 months

Sunday 4th December 2016
quotequote all
If a car is written off and your insurance pays the lease company the value of it (or thereabouts) then why don't the lease company provide you with a replacement car for as long as you make your regular payments?

Burwood

18,709 posts

245 months

Sunday 4th December 2016
quotequote all
rajan2004 said:
If a car is written off and your insurance pays the lease company the value of it (or thereabouts) then why don't the lease company provide you with a replacement car for as long as you make your regular payments?
Thread derail but a valid question. Here is why. T he financier is NOT a car dealer, they lend money on a once new car based on criteria they know on the day they offer/accept the deal. The lessee is free to look for the same deal again and many do but there is absolutely no roll over into another car. As of right or option How can they source used cars, what if they can't get new cars on the same cash flows.


saaby93

32,038 posts

177 months

Sunday 4th December 2016
quotequote all
Burwood said:
rajan2004 said:
If a car is written off and your insurance pays the lease company the value of it (or thereabouts) then why don't the lease company provide you with a replacement car for as long as you make your regular payments?
Thread derail but a valid question. Here is why. T he financier is NOT a car dealer, they lend money on a once new car based on criteria they know on the day they offer/accept the deal. The lessee is free to look for the same deal again and many do but there is absolutely no roll over into another car. As of right or option How can they source used cars, what if they can't get new cars on the same cash flows.
The thing is surely the insurer should pay out the value of a replacement car - even if that's a higher price than the cheapo deal the lease co managed buy the first one for
The insurer doesnt offer a lower rate just because its a lease car

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