best lease deals?

[Pickled Piper]

5to1 said:

blindswelledrat said:

Out of interest, why are those deals business only? Surely it makes no difference if a personal customer pays VAT as well?

The best deals often seem to be business only. I imagine its in order to protect the margins on the retail side, or atleast go some way to placating the Franchises who have invested small fortunes for the privelage of selling X Marque's cars. Ultimately the lease providers are in it to make money though, so I'm sure they'll stretch the definition of "business" as far as possible, they just won't openly advertise that.

Also under a consumer lease your statutory rights would apply above and beyond the contract. So B2B can work out cheaper for them when they factor in risks associated under consumer law.

Edited by 5to1 on Friday 31st January 10:16

Edited by 5to1 on Friday 31st January 10:17

Edited by 5to1 on Friday 31st January 10:28

Yep, pretty much as above. a B2B deal doesn't have to meet the requirements of the consumer credit act. So is less of a risk to the supplier. Have a look around though, for some lease companies it makes no difference.

pp

[dapearson]

Pickled Piper said:

Yep, pretty much as above. a B2B deal doesn't have to meet the requirements of the consumer credit act. So is less of a risk to the supplier. Have a look around though, for some lease companies it makes no difference.

pp

The M135i lease deal was open to personal consumers, no problem at all.

A similar very attractive lease deal on an Audi Q3 was only open to business, or those getting company car allowance, or self employed. My wife is self employed, so we were going to do it through that. The Audi dealer we were in contact with regarding a Q3 couldn't get anywhere near the lease prices - their's were at least 50% more.

I queried it and was told it was simply a matter of whatever restrictions that were put in place by the finance company behind it.

[bad company]

If anybody comes accross a pcp or cash deal for a 430 Convertible please let me know. I am searching and looking to order for May delivery.

[Pickled Piper]

ATM said:

Pickled Piper said:

Conract Hire is a great way to run a new car providing you get a good deal. Not all deals are equal.

Drive a brand spanking new car, still under warranty and quite often covered by a maintenance deal. Toss the keys back at the end of the term. What's not to like?

Sure you can run a second hand car for a lot less, especially if you are ready to to the spanner work yourself.

pp

I remember some discussion about the throwing keys back at end being a little bit more involved. Like trying to sell a car to We Buy Any Car Dot Com. Any marks here or there or scuffs or scratches or - well anything at all - and there is a problem / bill.

To update. I returned my two year old 730d a couple of weeks ago. Well actually someone came to pick it up. I was a bit concerned about all the horror stories about being charged for minor damage etc. However, I needn't have worried. The car was collected by two guys from a third party Company. The car had been well looked after. However, I had managed to kerb all four alloy wheels. Not something I usually do, my excuse is, it is a big wide car and these were 19" rims. I had also put a small dink in the rear bumper. The front had the normal road rash. A scuff on the door mirror and a small chip where someone else had opened a door onto it. The interior was immaculate.

The collection guys went over it with a fine tooth comb. The verdict - all OK and within allowable limits, with the exception of the four kerbed alloys. They advised I would be charged £55 per wheel for these. Not bad, I thought. I had considered getting the kerbed wheels repaired in advance, but the going rate was £60 per wheel plus my time waiting for the work to be done.

It gets better though. I subsequently got a phone call from BMW leasing. They advised they had looked at the inspection report and concluded that the damage to two of the kerbed wheels was within allowable limits. So I would only be charged for two.

So a very fair inspection in conclusion. There were no hidden charges. I had a bill for excess mileage, which was expected. Would I do it again? - Absolutely! for the right deal.

New lease car is being delivered tomorrow.

pp

Edited by Pickled Piper on Friday 28th February 14:32

[ghibbett]

Thanks for coming back and updating the thread. Very useful

So what's the new stead?

[simo1863]

C63 saloon £3,419.92 down, £379.99 per month; http://www.freedomcontracts.com/Mercedes-C63-4Dr-C...

Business price so you'd need to add VAT.

[mattman]

dapearson said:

Pickled Piper said:

Yep, pretty much as above. a B2B deal doesn't have to meet the requirements of the consumer credit act. So is less of a risk to the supplier. Have a look around though, for some lease companies it makes no difference.

pp

The M135i lease deal was open to personal consumers, no problem at all.

A similar very attractive lease deal on an Audi Q3 was only open to business, or those getting company car allowance, or self employed. My wife is self employed, so we were going to do it through that. The Audi dealer we were in contact with regarding a Q3 couldn't get anywhere near the lease prices - their's were at least 50% more.

I queried it and was told it was simply a matter of whatever restrictions that were put in place by the finance company behind it.

Interested in how this works as currently looking to lease an Evoque for the wife. She's self employed but not vat registered so assume she wouldn't qualify for a business deal?

[gizlaroc]

Yeah she would, but wouldn't be able to claim the vat back, however, it would be best to do it through the business paperwork wise and then pay it all yourself as the BIK tax is normally as much as the car these days.