Leasing - General Discussion
Discussion
brittas14 said:
Dyl said:
Hi all,
I'm about to take possession of my first lease; I've been offered free delivery, or collection with free full tank of fuel. Something in me is making me a bit wary of it being driven and am leaning toward collection, but I know that there are unlikely to be any issues. After all, it is the livelihood of the delivery driver, so they are unlikely to do anything to cause damage, etc.
Any first-hand experience or advice either way? For reference, the collection point is c.200 miles from me and costs beyond my time is fairly minimal at c.£50 train fare.
Cheers
I’ve had both trailer delivery and driven (c50 miles). Both were fine to be honest, just thoroughly inspect the car when it arrives and ensure any damage and the current mileage is recorded. I'm about to take possession of my first lease; I've been offered free delivery, or collection with free full tank of fuel. Something in me is making me a bit wary of it being driven and am leaning toward collection, but I know that there are unlikely to be any issues. After all, it is the livelihood of the delivery driver, so they are unlikely to do anything to cause damage, etc.
Any first-hand experience or advice either way? For reference, the collection point is c.200 miles from me and costs beyond my time is fairly minimal at c.£50 train fare.
Cheers
Many delivery drivers have to wash the car prior to drop off - if driven 200 miles it may be dirty, but you may want to request they don’t wash it as they usually put it through a mechanical car wash and it’s not good for the paint.
Edited by Macneil on Saturday 29th February 19:22
PSRG said:
The following might be out of date, as I’ve had it a couple of years...but I returned an M235 convertible last year after 3.5 years and 40k miles and was charged nothing. Yes, the car had been looked after, but the oyster seats were marked where I’d work a raw leather belt, there was slight kerbing on a couple of wheels and a dent in the bonnet inflicted, I think, when it was in for a service. The car had also had a couple of insurance repairs where other people had run in to it.
That’s really helpful thanksJamescrs said:
Just wondering in fairly general terms of there are any obvious pros or cons to leasing a car over two years or three?
All other factors are the same, same deposit, same monthly payments, same annual mileage. Other than I guess the better value for the initial payment is it just personal preference?
Considering a Skoda Superb Estate in 2 litre petrol if it makes any difference.
I think some of the main plus points for a 2 year lease include, less service costs, [you can usually get away with paying for just 1 service], tyres ...again All other factors are the same, same deposit, same monthly payments, same annual mileage. Other than I guess the better value for the initial payment is it just personal preference?
Considering a Skoda Superb Estate in 2 litre petrol if it makes any difference.
with 2 years you may not have to change them, [depending obviously on mileage and how the car is driven]. and just general wear and tear, making a
difference sometimes in the charges when you hand it back.
Finally just the enjoyment of only having a car 2 years and then changing it for usually something different and brand new.
My present lease goes back in March. It was initially for 2 years, but as there were no good deals around that suited me, so i extended it for a 3rd year at
a lower monthly cost, so win win, all round.
Car is a Scirocco R 280 bhp so struggling to find a replacement with similar power at a reasonable cost..........but ill keep looking.
Might be of interest to someone.... Had my s5 collected yesterday, after 3 years which flew by, was about gutted to see it go!
Inspected by BCA, 2 Very nice chaps, one inspected the other came to drive it away later.
They did use a paint depth gauge, I know that's been discussed previously. It picked up on some filler from a body shop repair. £36 for one kerbed alloy, which for diamond cut is incredibly generous IMO.
I disputed one of the dents they picked up, as it was right on the acceptable threshold. Interestingly, if you dispute one item, it automatically disputes the whole inspection report, as i didn't sign it. In other words, I couldn't just dispute one item, even though the rest I agreed with.
Finally, tyres... I know brands have been disputed on here in terms of what's acceptable. I had a falken on the rear, which wasn't on the acceptable premium list. That wasn't an issue with BCA.
In total, they want £440 from me. To be honest if my dispute is rejected I will happily pay that after 3 years.
Inspected by BCA, 2 Very nice chaps, one inspected the other came to drive it away later.
They did use a paint depth gauge, I know that's been discussed previously. It picked up on some filler from a body shop repair. £36 for one kerbed alloy, which for diamond cut is incredibly generous IMO.
I disputed one of the dents they picked up, as it was right on the acceptable threshold. Interestingly, if you dispute one item, it automatically disputes the whole inspection report, as i didn't sign it. In other words, I couldn't just dispute one item, even though the rest I agreed with.
Finally, tyres... I know brands have been disputed on here in terms of what's acceptable. I had a falken on the rear, which wasn't on the acceptable premium list. That wasn't an issue with BCA.
In total, they want £440 from me. To be honest if my dispute is rejected I will happily pay that after 3 years.
What are people’s thoughts on GAP Insurance - still worth getting?
I’ve noticed a slight shift in opinions towards it in the last year or 2. Previously it was a “must have” but now it seems to be “if you want peace of mind” and I believe that’s due to some stories of cars been written off or stolen and the main insurance settling without any issues.
Not heard any stories of people using it in an event of a claim so would be interested to know peoples experience.
I’ve noticed a slight shift in opinions towards it in the last year or 2. Previously it was a “must have” but now it seems to be “if you want peace of mind” and I believe that’s due to some stories of cars been written off or stolen and the main insurance settling without any issues.
Not heard any stories of people using it in an event of a claim so would be interested to know peoples experience.
piperdelux said:
Might be of interest to someone.... Had my s5 collected yesterday, after 3 years which flew by, was about gutted to see it go!
Inspected by BCA, 2 Very nice chaps, one inspected the other came to drive it away later.
They did use a paint depth gauge, I know that's been discussed previously. It picked up on some filler from a body shop repair. £36 for one kerbed alloy, which for diamond cut is incredibly generous IMO.
I disputed one of the dents they picked up, as it was right on the acceptable threshold. Interestingly, if you dispute one item, it automatically disputes the whole inspection report, as i didn't sign it. In other words, I couldn't just dispute one item, even though the rest I agreed with.
Finally, tyres... I know brands have been disputed on here in terms of what's acceptable. I had a falken on the rear, which wasn't on the acceptable premium list. That wasn't an issue with BCA.
In total, they want £440 from me. To be honest if my dispute is rejected I will happily pay that after 3 years.
£440? What is the other £404 for?Inspected by BCA, 2 Very nice chaps, one inspected the other came to drive it away later.
They did use a paint depth gauge, I know that's been discussed previously. It picked up on some filler from a body shop repair. £36 for one kerbed alloy, which for diamond cut is incredibly generous IMO.
I disputed one of the dents they picked up, as it was right on the acceptable threshold. Interestingly, if you dispute one item, it automatically disputes the whole inspection report, as i didn't sign it. In other words, I couldn't just dispute one item, even though the rest I agreed with.
Finally, tyres... I know brands have been disputed on here in terms of what's acceptable. I had a falken on the rear, which wasn't on the acceptable premium list. That wasn't an issue with BCA.
In total, they want £440 from me. To be honest if my dispute is rejected I will happily pay that after 3 years.
NSS89 said:
What are people’s thoughts on GAP Insurance - still worth getting?
I’ve noticed a slight shift in opinions towards it in the last year or 2. Previously it was a “must have” but now it seems to be “if you want peace of mind” and I believe that’s due to some stories of cars been written off or stolen and the main insurance settling without any issues.
Not heard any stories of people using it in an event of a claim so would be interested to know peoples experience.
For leasing a car i would say this is a must have. I’ve noticed a slight shift in opinions towards it in the last year or 2. Previously it was a “must have” but now it seems to be “if you want peace of mind” and I believe that’s due to some stories of cars been written off or stolen and the main insurance settling without any issues.
Not heard any stories of people using it in an event of a claim so would be interested to know peoples experience.
I had a Scirocco R on lease for 3 years, and "for piece of mind " had Gap ins for the first 2 years.
I hope to be back leasing again soon, so i enquired with my insurance, and quite a few others, on a worse case scenario, i.e a new car being a total loss, or
stolen and not recovered. I asked what would they pay out in the first year. Would it be back to invoice [no gap needed], or would it be the cars value at the
time of loss, even if the car was only a few months old. They all returned the same answer......cars value at time of loss.
If you think what any car loses as soon as it leaves the showroom, then you could be seriously out of pocket without Gap insurance.
If your insurance will, usually in the first year, pay out value back to invoice, then no Gap insurance is needed. But you need to check this with your
insurance company.
Just a comment on gap insurance and regular insurance. What my insurance co told me regarding that first year insurance on a new car. If it's a brand spanking car and you are the first registered owner then the full value replace with a new vehicle applies, but if it's a pre-registered vehicle, even if it only had delivery miles on when you purchased it, then it's value at time of loss only.
Not sure how widely that applies, or the application in terms of lease vehicles. Imo for the difference in gap premium between 2 and 3 years, assuming a 3 year lease, then it makes no odds, you'd take the 3 yr insurance out.
Not sure how widely that applies, or the application in terms of lease vehicles. Imo for the difference in gap premium between 2 and 3 years, assuming a 3 year lease, then it makes no odds, you'd take the 3 yr insurance out.
FiF said:
Just a comment on gap insurance and regular insurance. What my insurance co told me regarding that first year insurance on a new car. If it's a brand spanking car and you are the first registered owner then the full value replace with a new vehicle applies, but if it's a pre-registered vehicle, even if it only had delivery miles on when you purchased it, then it's value at time of loss only.
Not sure how widely that applies, or the application in terms of lease vehicles. Imo for the difference in gap premium between 2 and 3 years, assuming a 3 year lease, then it makes no odds, you'd take the 3 yr insurance out.
May just be a terminology thing here, but you’ll never be the first registered owner of a leased car.Not sure how widely that applies, or the application in terms of lease vehicles. Imo for the difference in gap premium between 2 and 3 years, assuming a 3 year lease, then it makes no odds, you'd take the 3 yr insurance out.
Lease agreement - is this typical? Just signing up for a lease to replace current one. The lease agreement is a little different.
It's a 3+23 at an average £300 per month.
The agreement tone is that it is never ending, and that the first 24 months are the initial period with various termination clauses etc and you even have to give notice one month before the end. If you don't (and they don't) then the lease continues and the price is stated and happens to be the average price of £300 a month.
I don't have a problem with this, it's fine and potentially is quite good as it gives the open option of just continuing at what might be a good price at the time.
Is this typical??
It's a 3+23 at an average £300 per month.
The agreement tone is that it is never ending, and that the first 24 months are the initial period with various termination clauses etc and you even have to give notice one month before the end. If you don't (and they don't) then the lease continues and the price is stated and happens to be the average price of £300 a month.
I don't have a problem with this, it's fine and potentially is quite good as it gives the open option of just continuing at what might be a good price at the time.
Is this typical??
J50 said:
Lease agreement - is this typical? Just signing up for a lease to replace current one. The lease agreement is a little different.
It's a 3+23 at an average £300 per month.
The agreement tone is that it is never ending, and that the first 24 months are the initial period with various termination clauses etc and you even have to give notice one month before the end. If you don't (and they don't) then the lease continues and the price is stated and happens to be the average price of £300 a month.
I don't have a problem with this, it's fine and potentially is quite good as it gives the open option of just continuing at what might be a good price at the time.
Is this typical??
In a word.....NO.............or from my personal point i have never heard of a lease deal like that.It's a 3+23 at an average £300 per month.
The agreement tone is that it is never ending, and that the first 24 months are the initial period with various termination clauses etc and you even have to give notice one month before the end. If you don't (and they don't) then the lease continues and the price is stated and happens to be the average price of £300 a month.
I don't have a problem with this, it's fine and potentially is quite good as it gives the open option of just continuing at what might be a good price at the time.
Is this typical??
I had an initial 2 year lease, 6 months upfront £245.00 per month x 23. Near the end of that i was struggling to find something to
replace it with so i asked for the cost to extend for another 12 months. Came back as a nice surprise of £195.00 per month.
Some people have asked for extensions and the monthlies have gone up.
Still i think i'd rather take my chance in enquiring to extend at the end of the initial lease
than as you quote .............." the option of just continuing at what might be a good price at the time"
TJC46 said:
J50 said:
Lease agreement - is this typical? Just signing up for a lease to replace current one. The lease agreement is a little different.
It's a 3+23 at an average £300 per month.
The agreement tone is that it is never ending, and that the first 24 months are the initial period with various termination clauses etc and you even have to give notice one month before the end. If you don't (and they don't) then the lease continues and the price is stated and happens to be the average price of £300 a month.
I don't have a problem with this, it's fine and potentially is quite good as it gives the open option of just continuing at what might be a good price at the time.
Is this typical??
In a word.....NO.............or from my personal point i have never heard of a lease deal like that.It's a 3+23 at an average £300 per month.
The agreement tone is that it is never ending, and that the first 24 months are the initial period with various termination clauses etc and you even have to give notice one month before the end. If you don't (and they don't) then the lease continues and the price is stated and happens to be the average price of £300 a month.
I don't have a problem with this, it's fine and potentially is quite good as it gives the open option of just continuing at what might be a good price at the time.
Is this typical??
I had an initial 2 year lease, 6 months upfront £245.00 per month x 23. Near the end of that i was struggling to find something to
replace it with so i asked for the cost to extend for another 12 months. Came back as a nice surprise of £195.00 per month.
Some people have asked for extensions and the monthlies have gone up.
Still i think i'd rather take my chance in enquiring to extend at the end of the initial lease
than as you quote .............." the option of just continuing at what might be a good price at the time"
Quick question to you veteran leasers out there?
I'm in the process of applying for my very first lease with G2L. I signed their order form and had been approved by the finance company which was back on the 24 of Feb. I got an email the next day from said finance company confirming my approval and that my application had moved on to the next stage and that G2L would be back in touch to continue the application.
Basically I've not been contacted by G2L since the 24th, is this a normal amount of time for a lease to progress through the process after finance approval?
I'm in the process of applying for my very first lease with G2L. I signed their order form and had been approved by the finance company which was back on the 24 of Feb. I got an email the next day from said finance company confirming my approval and that my application had moved on to the next stage and that G2L would be back in touch to continue the application.
Basically I've not been contacted by G2L since the 24th, is this a normal amount of time for a lease to progress through the process after finance approval?
NSS89 said:
I had an A6 delivered earlier this week through RGW via Swindon Audi I believe.
I noticed yesterday (while showing my mates around the car) that the engine coolant level is at minimum which I found surprising as thought this would've been covered under the PDI.
I've gone back to RGW with a pic and they've come back saying its fine and not to worry about it. They said it shouldn't need topping up but I can if I want to.
To me this is unacceptable. I appreciate it wont cost a lot to top it up but its the principal. Don't expect to have to top up fluids on a brand new car. Makes me think what else might have been missed/overlooked.
Am I being petty or should I pursue this?
Personally I'd go over it with a toothcomb just to make sure. If it's only the coolant level, maybe have a check when the engine is hot, you don't want to top it up only to push out the excess when it's warmed up. If you do top it up make sure using right stuff.I noticed yesterday (while showing my mates around the car) that the engine coolant level is at minimum which I found surprising as thought this would've been covered under the PDI.
I've gone back to RGW with a pic and they've come back saying its fine and not to worry about it. They said it shouldn't need topping up but I can if I want to.
To me this is unacceptable. I appreciate it wont cost a lot to top it up but its the principal. Don't expect to have to top up fluids on a brand new car. Makes me think what else might have been missed/overlooked.
Am I being petty or should I pursue this?
For the record, we once had an A7 delivered, no washer fluid, also running on diesel fumes, which wouldn't normally have been an issue as there was a BP garage on the other side of the dual carriageway except it was closed for new tank installation, that was a nervous drive 12m to the next filling station, fuel gauge needle wound round the stop and remaining range showing as zero. Worst bit was tyre pressures, one tyre was correct at 28 ish iirc, two were 38/9, and one was in mid teens, even looked quite flat, some git had just reset the TPMS and not attended to the issue.
J50 said:
Lease agreement - is this typical? Just signing up for a lease to replace current one. The lease agreement is a little different.
It's a 3+23 at an average £300 per month.
The agreement tone is that it is never ending, and that the first 24 months are the initial period with various termination clauses etc and you even have to give notice one month before the end. If you don't (and they don't) then the lease continues and the price is stated and happens to be the average price of £300 a month.
I don't have a problem with this, it's fine and potentially is quite good as it gives the open option of just continuing at what might be a good price at the time.
Is this typical??
I’ve not come across this and am on third lease contract.It's a 3+23 at an average £300 per month.
The agreement tone is that it is never ending, and that the first 24 months are the initial period with various termination clauses etc and you even have to give notice one month before the end. If you don't (and they don't) then the lease continues and the price is stated and happens to be the average price of £300 a month.
I don't have a problem with this, it's fine and potentially is quite good as it gives the open option of just continuing at what might be a good price at the time.
Is this typical??
Who is it with / through?
R0cksteddie said:
Quick question to you veteran leasers out there?
I'm in the process of applying for my very first lease with G2L. I signed their order form and had been approved by the finance company which was back on the 24 of Feb. I got an email the next day from said finance company confirming my approval and that my application had moved on to the next stage and that G2L would be back in touch to continue the application.
Basically I've not been contacted by G2L since the 24th, is this a normal amount of time for a lease to progress through the process after finance approval?
I’d say just give them a call and askI'm in the process of applying for my very first lease with G2L. I signed their order form and had been approved by the finance company which was back on the 24 of Feb. I got an email the next day from said finance company confirming my approval and that my application had moved on to the next stage and that G2L would be back in touch to continue the application.
Basically I've not been contacted by G2L since the 24th, is this a normal amount of time for a lease to progress through the process after finance approval?
We have an A4 (vwfs) going back later this year. Was initially a 2 year extended to 3. We had the long life service done about a week late and thought that would be it til handback. However theyve reset the service indicator for bang on 3 years as it's due a brake fluid change at 3 years.
So my question is can you hand a Vwfs car back with a service warning in xx days showing as long as it's not over due? We were planning on handing it back a week or 2 early anyway to save any ambiguity over the mot.
So my question is can you hand a Vwfs car back with a service warning in xx days showing as long as it's not over due? We were planning on handing it back a week or 2 early anyway to save any ambiguity over the mot.
I discovered (to my detriment) that although VWFS told me on the phone numerous times that a lease novation takes 48 hours, the fact is it actually takes 4 weeks. Very annoying, as I had intended to novate the lease to our company when my new lease car arrives, as the monthlies are now so low it would make a good pool car.
Annoyingly, I had factored in a week for this, not the 4 they actually need, on the basis of the previous incorrect advise. Therefore I'm on the hook for an additional rental, and keeping the thing insured for another month whilst the novation goes through. As it's cheaper to take out a fresh policy then cancel it, I'm on the hook for about £250, so I'm less than pleased about the whole thing. That, plus the fact I can't let any employees use it until it all goes through, means it's going to be sat on my driveway doing absolutely nothing as my new car turns up on Monday.
/rant
Annoyingly, I had factored in a week for this, not the 4 they actually need, on the basis of the previous incorrect advise. Therefore I'm on the hook for an additional rental, and keeping the thing insured for another month whilst the novation goes through. As it's cheaper to take out a fresh policy then cancel it, I'm on the hook for about £250, so I'm less than pleased about the whole thing. That, plus the fact I can't let any employees use it until it all goes through, means it's going to be sat on my driveway doing absolutely nothing as my new car turns up on Monday.
/rant
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