Best lease car deals available?
Discussion
Fruitcake said:
Well the wife has just been to Ford who quoted £250 a month over 3 years for the Red Edition Fiesta Ecoboost.
Fruitcake, To offer some advise.
The reason these deals are so cheap compared to the showroom is they are dealing with fleet departments at dealership (usually at least), and they will let the car go dirt cheap. They also offered lease deals, which most salespeople in showrooms won't talk about as they either a) don't know they offer it, b) their sales manager won't let them as less profitable, or c) the manufacture don't offer it.
With option C, other lease companies such as Arval, Leaseplan, Hitchi Capital offer lease agreements instead so it can be funded through them, rather than say Ford Credit.
Just to state the obvious as well if this is your first time (not meant to be patronising), but these leases are a straight rental. A PCP, you have the option to purchase it at the end; if you plan on changing every 2-3 years, 9 times out of 10 this will cheapest way to finance it.
So in particular with this Ford for your wife. The Ford dealer has said £250 a month. Not stated deposit or mileage so just going to say that's only £250 deposit doing 10k a year. In 3 years times, I doubt there will be much equality in the car, possibly £500 if that; although I could be wrong.
So a Zetec S red edition is £15,995. I can't find a lease deal on one of them, but let's just go for this ST-2 Deal.(http://www.gateway2lease.com/z_ford_fiesta_1.0125psecoboosttitanium5dr-highspec_15354_leasing.php#.VBsIfPldXAk)
It's only 8,000 miles, so will probably cost another £10 a month to go up to 10,000.
But it has an initial payment of £1,000, and a monthly cost of £168 a month (lets say £180 doing 10k a year to make it comparable). Once you factor in the 1k deposit, that's effectively £214 a month. You can also opt to put in a lower deposit in exchange for high monthlies also. They just advertise with 6 upfront to make it look cheaper.
So you're spending £36 a month less, and getting a better spec, better engine car (assuming an ST would be what she wanted).
To me, it's a no brainier. Even if you were paying cash for a car, I'd imagine depreciate is close to £200 a month, but you've got no worries of ownership, resale, or anything like that.
Also, if you are worried about these online brokers not having reviews etc., I would suggest just pay the deposit on your credit card so if it isn't legitimate (I work in the trade and never heard of dodgy broker), you will be protected anyway.
Hope that's helpful.
By way of comparison, DriveTheDeal.com has the Zetec S 125ps in solid red for £12,108.
On a 3+23, Gateway2Lease has it for £131 per month including VAT on a 6+23, so a total of £3,799 for two years (@8k p.a.).
With the same deposit and term, but with the discount given above, Ford would charge £183.76 for the same car each month @9k p.a.
The good bit about the Ford deal is that if you want to buy the car, you can - for £7,736. The bad news is that you've paid an additional £1,200 over two years to do so, so if the Fiesta is worth less than £9k in two years (bearing in mind it's £12k new and taking into account the interest built into the PCP) then leasing is cheaper, albeit less flexible.
On a 3+23, Gateway2Lease has it for £131 per month including VAT on a 6+23, so a total of £3,799 for two years (@8k p.a.).
With the same deposit and term, but with the discount given above, Ford would charge £183.76 for the same car each month @9k p.a.
The good bit about the Ford deal is that if you want to buy the car, you can - for £7,736. The bad news is that you've paid an additional £1,200 over two years to do so, so if the Fiesta is worth less than £9k in two years (bearing in mind it's £12k new and taking into account the interest built into the PCP) then leasing is cheaper, albeit less flexible.
I am going to test drive a c250 cdi sport estate tomorrow, Mercedes Warrington want £416.00 + vat with 18k a year 3 + 35
I have been having a look around and it's seems like it's not a bad deal.
I wanted a 350 but can't find one anywhere for that kind of money.
I have also looked into BMW and Audi but there equilivant is quite a bit more.
I have been having a look around and it's seems like it's not a bad deal.
I wanted a 350 but can't find one anywhere for that kind of money.
I have also looked into BMW and Audi but there equilivant is quite a bit more.
Fruitcake said:
Ok I'll admit I've skimmed through this thread somewhat lol. We are looking at PCP options on smaller cars such as the ecoboost Fiesta, a Corsa, Seat Ibiza. We have visited dealers though, and none seem to be as good as the ones linked here. Can the companies linked on this thread be trusted? I take it they deliver? And why can't a main dealer offer these prices if they are effectively cutting out the middle man.
Of all deals I've seen the ecoboost Fiesta red edition seems to be fantastic.
Not sure what answer you're after really. We wouldn't willingly post deals from companies we knew to be con artists! That said, lease brokers are generally very small outfits, and in some cases you take the risk of passing them a deposit for them to 'hold' until such time as they pass it to the finance co. In that time yes they could go bust and then you're in a long line of creditors, but they do make a business out of this stuff so you'd need to be unlucky. Generally lease brokers operate with very small overheads. If you're asking are they crooked and will they run off with my money, well you'd hope not... in the same way as you'd hope that any other company in any other domain wouldn't do that either. Of all deals I've seen the ecoboost Fiesta red edition seems to be fantastic.
Main dealer might be able to offer those prices, but their business model is based on making you work for it. If you walk in the door and ask for "your best price on that there" you'll get list and a smile. Sometimes though a given dealer may physically not even be able to match it, and there are a number of reasons why this might be. A great way to piss some dealers off though is to walk in with a crumpled internet print off in your hand though, although some would rather get a sale than not (esp if you get a salesman who's up against it that month, targetwise) but if it's a decent car they know they can sell soon and make good money, they'll usher you out.
idibbers said:
moffat said:
Why does maintenance increase the cost by around 85-90% too?
I was wondering that. Surely a miscalculation? Evening all!
I went for an Audi A6 BiTDi lease deal that I picked up on through here with Applied Leasing. All went well whilst jumping through the various approval hoops, I got a build week and then out of nowhere it got slipped 8 weeks and is now unconfirmed! Turns out that a facelift is in the offing so production slots have been jumping around. Does anyone have any experience of the costs of cancelling before the car has been delivered? At the moment there's a high risk that my car gets delivered within a couple of weeks of the facelift cars being delivered. Not a disaster but the facelift comes with a few nice options that are now standard
I went for an Audi A6 BiTDi lease deal that I picked up on through here with Applied Leasing. All went well whilst jumping through the various approval hoops, I got a build week and then out of nowhere it got slipped 8 weeks and is now unconfirmed! Turns out that a facelift is in the offing so production slots have been jumping around. Does anyone have any experience of the costs of cancelling before the car has been delivered? At the moment there's a high risk that my car gets delivered within a couple of weeks of the facelift cars being delivered. Not a disaster but the facelift comes with a few nice options that are now standard
texasjohn said:
Just posting to say thanks to those who pointed me in the direction of the Tilsun E350 deal when I asked this morning 
When's yours due? I've got an early December build slot with delivery before Christmas (hopefully). I could have had a November build but that would have been with the 7 speed box rather than the 9 speed.RYH64E said:
texasjohn said:
Just posting to say thanks to those who pointed me in the direction of the Tilsun E350 deal when I asked this morning
When's yours due? I've got an early December build slot with delivery before Christmas (hopefully). I could have had a November build but that would have been with the 7 speed box rather than the 9 speed.No, I didn't order one but just posted to say thanks!
Worzel said:
Evening all!
I went for an Audi A6 BiTDi lease deal that I picked up on through here with Applied Leasing. All went well whilst jumping through the various approval hoops, I got a build week and then out of nowhere it got slipped 8 weeks and is now unconfirmed! Turns out that a facelift is in the offing so production slots have been jumping around. Does anyone have any experience of the costs of cancelling before the car has been delivered? At the moment there's a high risk that my car gets delivered within a couple of weeks of the facelift cars being delivered. Not a disaster but the facelift comes with a few nice options that are now standard
is that pronounced "bitty"?I went for an Audi A6 BiTDi lease deal that I picked up on through here with Applied Leasing. All went well whilst jumping through the various approval hoops, I got a build week and then out of nowhere it got slipped 8 weeks and is now unconfirmed! Turns out that a facelift is in the offing so production slots have been jumping around. Does anyone have any experience of the costs of cancelling before the car has been delivered? At the moment there's a high risk that my car gets delivered within a couple of weeks of the facelift cars being delivered. Not a disaster but the facelift comes with a few nice options that are now standard
Snollygoster said:
Fruitcake said:
Well the wife has just been to Ford who quoted £250 a month over 3 years for the Red Edition Fiesta Ecoboost.
Fruitcake, To offer some advise.
The reason these deals are so cheap compared to the showroom is they are dealing with fleet departments at dealership (usually at least), and they will let the car go dirt cheap. They also offered lease deals, which most salespeople in showrooms won't talk about as they either a) don't know they offer it, b) their sales manager won't let them as less profitable, or c) the manufacture don't offer it.
With option C, other lease companies such as Arval, Leaseplan, Hitchi Capital offer lease agreements instead so it can be funded through them, rather than say Ford Credit.
Just to state the obvious as well if this is your first time (not meant to be patronising), but these leases are a straight rental. A PCP, you have the option to purchase it at the end; if you plan on changing every 2-3 years, 9 times out of 10 this will cheapest way to finance it.
So in particular with this Ford for your wife. The Ford dealer has said £250 a month. Not stated deposit or mileage so just going to say that's only £250 deposit doing 10k a year. In 3 years times, I doubt there will be much equality in the car, possibly £500 if that; although I could be wrong.
So a Zetec S red edition is £15,995. I can't find a lease deal on one of them, but let's just go for this ST-2 Deal.(http://www.gateway2lease.com/z_ford_fiesta_1.0125psecoboosttitanium5dr-highspec_15354_leasing.php#.VBsIfPldXAk)
It's only 8,000 miles, so will probably cost another £10 a month to go up to 10,000.
But it has an initial payment of £1,000, and a monthly cost of £168 a month (lets say £180 doing 10k a year to make it comparable). Once you factor in the 1k deposit, that's effectively £214 a month. You can also opt to put in a lower deposit in exchange for high monthlies also. They just advertise with 6 upfront to make it look cheaper.
So you're spending £36 a month less, and getting a better spec, better engine car (assuming an ST would be what she wanted).
To me, it's a no brainier. Even if you were paying cash for a car, I'd imagine depreciate is close to £200 a month, but you've got no worries of ownership, resale, or anything like that.
Also, if you are worried about these online brokers not having reviews etc., I would suggest just pay the deposit on your credit card so if it isn't legitimate (I work in the trade and never heard of dodgy broker), you will be protected anyway.
Hope that's helpful.
Blown2CV said:
Fruitcake said:
Ok I'll admit I've skimmed through this thread somewhat lol. We are looking at PCP options on smaller cars such as the ecoboost Fiesta, a Corsa, Seat Ibiza. We have visited dealers though, and none seem to be as good as the ones linked here. Can the companies linked on this thread be trusted? I take it they deliver? And why can't a main dealer offer these prices if they are effectively cutting out the middle man.
Of all deals I've seen the ecoboost Fiesta red edition seems to be fantastic.
Not sure what answer you're after really. We wouldn't willingly post deals from companies we knew to be con artists! That said, lease brokers are generally very small outfits, and in some cases you take the risk of passing them a deposit for them to 'hold' until such time as they pass it to the finance co. In that time yes they could go bust and then you're in a long line of creditors, but they do make a business out of this stuff so you'd need to be unlucky. Generally lease brokers operate with very small overheads. If you're asking are they crooked and will they run off with my money, well you'd hope not... in the same way as you'd hope that any other company in any other domain wouldn't do that either. Of all deals I've seen the ecoboost Fiesta red edition seems to be fantastic.
Main dealer might be able to offer those prices, but their business model is based on making you work for it. If you walk in the door and ask for "your best price on that there" you'll get list and a smile. Sometimes though a given dealer may physically not even be able to match it, and there are a number of reasons why this might be. A great way to piss some dealers off though is to walk in with a crumpled internet print off in your hand though, although some would rather get a sale than not (esp if you get a salesman who's up against it that month, targetwise) but if it's a decent car they know they can sell soon and make good money, they'll usher you out.
Whistle said:
I am going to test drive a c250 cdi sport estate tomorrow, Mercedes Warrington want £416.00 + vat with 18k a year 3 + 35
I have been having a look around and it's seems like it's not a bad deal.
I wanted a 350 but can't find one anywhere for that kind of money.
I have also looked into BMW and Audi but there equilivant is quite a bit more.
Considering you can get an E350cdi AMG Line with the Premium Plus package worth £3500, and it also comes with comand, blurtooth, internet, led lights, dab, media, auto and leather as standard for £347 a month including vat that sound like a crap deal to me. I have been having a look around and it's seems like it's not a bad deal.
I wanted a 350 but can't find one anywhere for that kind of money.
I have also looked into BMW and Audi but there equilivant is quite a bit more.
Speak to them about upping the mileage, they will deal.
Fruitcake said:
In all honesty I'm looking for downsides to this, or nightmare stories lol.
You won't get nightmare stories, but there are downsides.The big one is that, when you sign up for a lease, you're locked in for the period.
Want to do more miles? You'll pay the excess mileage charge.
Want to hand it back early? You can, but you won't pay any less for doing so (so the car is effectively 'free' compared to any other car, as you're committed to renting it for the term).
Want to keep it for longer? Tough (generally).
Rented for too many miles? The lease company keeps the extra retained value, not you.
Want to find a deposit for next time round? You'll need your own resources as there's never any equity in the car (but then you never really go underwater either).
Want to hand it back in anything other than near-retail condition? Expect to pay through the nose for reconditioning.
Want to get it serviced outside the main dealer? Expect to find liquidated damages that reflect lost retail value, at least on prestige stuff.
Of course, if after all that, you're the sort of person who does a low (or at least predictable) mileage, uses main dealers for servicing and keeps your cars clean, and you don't mind the fact that you know when you'll be changing next, leasing can be a smart choice but you do give up a lot of flexibility for having a nicer car on the drive.
gizlaroc said:
Considering you can get an E350cdi AMG Line with the Premium Plus package worth £3500, and it also comes with comand, blurtooth, internet, led lights, dab, media, auto and leather as standard for £347 a month including vat that sound like a crap deal to me.
Speak to them about upping the mileage, they will deal.
I will speak to them tomorrow, it will be a company car so I would need to check the Tax on the E class.Speak to them about upping the mileage, they will deal.
CYMR0 said:
Fruitcake said:
In all honesty I'm looking for downsides to this, or nightmare stories lol.
You won't get nightmare stories, but there are downsides.The big one is that, when you sign up for a lease, you're locked in for the period.
Want to do more miles? You'll pay the excess mileage charge.
Want to hand it back early? You can, but you won't pay any less for doing so (so the car is effectively 'free' compared to any other car, as you're committed to renting it for the term).
Want to keep it for longer? Tough (generally).
Rented for too many miles? The lease company keeps the extra retained value, not you.
Want to find a deposit for next time round? You'll need your own resources as there's never any equity in the car (but then you never really go underwater either).
Want to hand it back in anything other than near-retail condition? Expect to pay through the nose for reconditioning.
Want to get it serviced outside the main dealer? Expect to find liquidated damages that reflect lost retail value, at least on prestige stuff.
Of course, if after all that, you're the sort of person who does a low (or at least predictable) mileage, uses main dealers for servicing and keeps your cars clean, and you don't mind the fact that you know when you'll be changing next, leasing can be a smart choice but you do give up a lot of flexibility for having a nicer car on the drive.
I'm also guessing I should expect a waiting period between ordering and the car being delivered.
CYMR0 said:
Want to hand it back in anything other than near-retail condition? Expect to pay through the nose for reconditioning.
This has pissed me off in the past, I always keep my cars in pristine condition but have still been charged for scratches and blemishes invisible to the naked eye even though I send them off to be prepped prior to return. After discussions the charges have always been waived, but it is annoying having to go through the process. After the last set of arguments I swore I'd never use contract hire again, especially with Mercedes, but aftr seing what you can get for so little money I've changed my mind. £46k outlay and depreciation vs £287 per month, call me cheap but I'm going for contract hire and taking my chances when the car goes back.Gassing Station | Car Buying | Top of Page | What's New | My Stuff