Leasing - General Discussion
Discussion
PenelopaPitstop said:
I don't believe they have official price list on damage. I called them and asked about it and was advised it would be cheaper to just leave any damage. I had small paint damage by the wheel and was charged £55 for it, which I think was fair. I wouldn't be able to fix it myself for that amount.
Thankyou 
Has anyone bought their lease car at the end of the lease period?
My lease ends in Feb, so out of interest I got an online quote (from BCA via VWFS) and it seems reasonable. Price is around £200-300 more than various 'buy your car' places and around £1000-1500 less than I can see advertised for retail.
Just wondering if there's a catch, like random admin charges once the process starts.
Also, if you have done it. Was the process smooth, e. g. Could you tax it ok and did all the paperwork get done properly (thinking logbook and payment etc). I would need to be able to use it daily so any delays would be a killer.
My lease ends in Feb, so out of interest I got an online quote (from BCA via VWFS) and it seems reasonable. Price is around £200-300 more than various 'buy your car' places and around £1000-1500 less than I can see advertised for retail.
Just wondering if there's a catch, like random admin charges once the process starts.
Also, if you have done it. Was the process smooth, e. g. Could you tax it ok and did all the paperwork get done properly (thinking logbook and payment etc). I would need to be able to use it daily so any delays would be a killer.
MikeB444 said:
Has anyone bought their lease car at the end of the lease period?
My lease ends in Feb, so out of interest I got an online quote (from BCA via VWFS) and it seems reasonable. Price is around £200-300 more than various 'buy your car' places and around £1000-1500 less than I can see advertised for retail.
Just wondering if there's a catch, like random admin charges once the process starts.
Also, if you have done it. Was the process smooth, e. g. Could you tax it ok and did all the paperwork get done properly (thinking logbook and payment etc). I would need to be able to use it daily so any delays would be a killer.
Bought my last lease via bca/vwfs. Easy. Only catch was a i dawdled and price went up (it was during covid and prices shooting up).My lease ends in Feb, so out of interest I got an online quote (from BCA via VWFS) and it seems reasonable. Price is around £200-300 more than various 'buy your car' places and around £1000-1500 less than I can see advertised for retail.
Just wondering if there's a catch, like random admin charges once the process starts.
Also, if you have done it. Was the process smooth, e. g. Could you tax it ok and did all the paperwork get done properly (thinking logbook and payment etc). I would need to be able to use it daily so any delays would be a killer.
Gazzab said:
Bought my last lease via bca/vwfs. Easy. Only catch was a i dawdled and price went up (it was during covid and prices shooting up).
Thanks, that's reassuring.I guess the price thing is a gamble.
By the end of this month though I'll likely have another 1000 miles on it so hopefully the price will drop a little.
Did they require some proof of mileage as part of the process?
MikeB444 said:
Gazzab said:
Bought my last lease via bca/vwfs. Easy. Only catch was a i dawdled and price went up (it was during covid and prices shooting up).
Thanks, that's reassuring.I guess the price thing is a gamble.
By the end of this month though I'll likely have another 1000 miles on it so hopefully the price will drop a little.
Did they require some proof of mileage as part of the process?
After waiting 19 months for my wife's Skoda, the docs have come from the broker and tbh, it's the worst Ts and Cs I've ever seen on a lease contract, this one being my 7th.
Lender is Oglivie, who are new to me. Issues are:
1. The agreement is written generally as a plant and machinery agreement, so there are things not relevant, and also clauses that therefore cause confusion.
2. It says the period of hire is 35 months, not 36. Broker told me it's because it's a 3+35. But it literally says 'Period of Hire begins on the date of this Agreement for a fixed period of 35 months. Add to that, the start date should be date of delivery, not when the doc is signed.
3. Contract states I'm signing either in the offices of Northridge Finance or Ogilvie's offices. Odd. Told not an issue as it's noted that this is a distance sale.
4. Contract states I need to deliver the car back to Ogilvie at the end of the term. wtf.
5. There is a clause stating that if the corporation tax rate or capital allowance rate changes then they can pass the cost onto me.
6. If the vehicle is written off, I am on the hook for the remaining lease payments.
7. Mid-term inspection of the car is permissible.
8. Clauses in around VED, which is not my responsibility.
9. I have to pay their legal costs if they decide to come after me for anything.
Honestly, I've never seen such a BS contract in my life.
Help much appreciated!
Lender is Oglivie, who are new to me. Issues are:
1. The agreement is written generally as a plant and machinery agreement, so there are things not relevant, and also clauses that therefore cause confusion.
2. It says the period of hire is 35 months, not 36. Broker told me it's because it's a 3+35. But it literally says 'Period of Hire begins on the date of this Agreement for a fixed period of 35 months. Add to that, the start date should be date of delivery, not when the doc is signed.
3. Contract states I'm signing either in the offices of Northridge Finance or Ogilvie's offices. Odd. Told not an issue as it's noted that this is a distance sale.
4. Contract states I need to deliver the car back to Ogilvie at the end of the term. wtf.
5. There is a clause stating that if the corporation tax rate or capital allowance rate changes then they can pass the cost onto me.
6. If the vehicle is written off, I am on the hook for the remaining lease payments.
7. Mid-term inspection of the car is permissible.
8. Clauses in around VED, which is not my responsibility.
9. I have to pay their legal costs if they decide to come after me for anything.
Honestly, I've never seen such a BS contract in my life.
Help much appreciated!
Clauses 6-8 look standard
6 - you are responsible for remaining lease payments, some people get gap insurance though your insurers might replace like for like if within a few months. The contract just makes you aware you have to fulfill the total contract finance.
7. Mid term inspection might just ask for a mileage check to make sure you're within usage limits
8. VED can change, and that is added on as a one off payment if it increases
9. Wouldn't that be decided by a Court if costs are reasonable and should be awarded? Paperwork changes can be charged at a reasonable charge.
6 - you are responsible for remaining lease payments, some people get gap insurance though your insurers might replace like for like if within a few months. The contract just makes you aware you have to fulfill the total contract finance.
7. Mid term inspection might just ask for a mileage check to make sure you're within usage limits
8. VED can change, and that is added on as a one off payment if it increases
9. Wouldn't that be decided by a Court if costs are reasonable and should be awarded? Paperwork changes can be charged at a reasonable charge.
Edited by cootuk on Thursday 9th February 12:44
Edited by cootuk on Thursday 9th February 12:45
Edited by cootuk on Thursday 9th February 12:46
I've got a lease coming shortly and when I looked at the T&Cs (Nissan finance) it ALSO contains a clause to say I'm liable for payments for the remainder of the lease if the car is written off. That set alarm bells ringing. I tried to call them to get clarity but was number 10 in the queue and gave up.
Appreciate you can get GAP and it'll cover the initial deposit in the event of a write-off but would it cover the remaining payments ? I guess the finance company are covering themselves incase the insurance valuation leaves them with a shortfall, but equally I don't like the idea of paying for a car I don't have for many years either.
Appreciate you can get GAP and it'll cover the initial deposit in the event of a write-off but would it cover the remaining payments ? I guess the finance company are covering themselves incase the insurance valuation leaves them with a shortfall, but equally I don't like the idea of paying for a car I don't have for many years either.
S1-NOS said:
I've got a lease coming shortly and when I looked at the T&Cs (Nissan finance) it ALSO contains a clause to say I'm liable for payments for the remainder of the lease if the car is written off. That set alarm bells ringing. I tried to call them to get clarity but was number 10 in the queue and gave up.
Appreciate you can get GAP and it'll cover the initial deposit in the event of a write-off but would it cover the remaining payments ? I guess the finance company are covering themselves incase the insurance valuation leaves them with a shortfall, but equally I don't like the idea of paying for a car I don't have for many years either.
I think I can get comfortable with most of it as the deal was priced in 2021 so is £333 on a 3+35, 15K Kodiaq SportLine. Same deal is £490 on LeaseLoco now. Appreciate you can get GAP and it'll cover the initial deposit in the event of a write-off but would it cover the remaining payments ? I guess the finance company are covering themselves incase the insurance valuation leaves them with a shortfall, but equally I don't like the idea of paying for a car I don't have for many years either.
The thing that annoys me about the insurance side is if there is a gap, the gap insurance will pay for that, and the lease co are not out of pocket. But then on top of that they want you to pay all the remaining lease payments. It's double dipping big time. So does this mean gap insurance has to cover both risks?
JJMatrixx said:
I think I can get comfortable with most of it as the deal was priced in 2021 so is £333 on a 3+35, 15K Kodiaq SportLine. Same deal is £490 on LeaseLoco now.
The thing that annoys me about the insurance side is if there is a gap, the gap insurance will pay for that, and the lease co are not out of pocket. But then on top of that they want you to pay all the remaining lease payments. It's double dipping big time. So does this mean gap insurance has to cover both risks?
Nope, the Gap insurance will cover the remaining payments. Thats what it is for.The thing that annoys me about the insurance side is if there is a gap, the gap insurance will pay for that, and the lease co are not out of pocket. But then on top of that they want you to pay all the remaining lease payments. It's double dipping big time. So does this mean gap insurance has to cover both risks?
Just specify that the car in on contract hire when taking out gap insurance.
Wife's Skoda is due to be collected by the BCA next week. Lease is with VWFS.
An amber light came on for the brake pads yesterday (sod's law) - do I need to replace the pads or given that it's just a 'they're low' indicator that it's not actually a requirement for handing the car back?
An amber light came on for the brake pads yesterday (sod's law) - do I need to replace the pads or given that it's just a 'they're low' indicator that it's not actually a requirement for handing the car back?
Just after some advice or experience of anyone who may have done similar before I approach fleet team/lease company.
In July, my current leased car (through employer subsidised salary sacrifice scheme) will be 6 years old. The initial contract was for 4.5 years or 80k miles. I ordered a new one in October 2021 and it has still not got a build date. I'm still paying the same monthly rental for the current car which appears to be on an indefinite extension until the new one arrives so no danger of being car less.
Do you think the lease company would entertain cancelling the order if I was able to pick something that is already in stock at the same dealer instead?
Also, is it normal to pay the same monthly cost for a 5/6 year old car? Presumably the monthly costs were calculated based on a 4.5 year contract.
In July, my current leased car (through employer subsidised salary sacrifice scheme) will be 6 years old. The initial contract was for 4.5 years or 80k miles. I ordered a new one in October 2021 and it has still not got a build date. I'm still paying the same monthly rental for the current car which appears to be on an indefinite extension until the new one arrives so no danger of being car less.
Do you think the lease company would entertain cancelling the order if I was able to pick something that is already in stock at the same dealer instead?
Also, is it normal to pay the same monthly cost for a 5/6 year old car? Presumably the monthly costs were calculated based on a 4.5 year contract.
JJMatrixx said:
Wife's Skoda is due to be collected by the BCA next week. Lease is with VWFS.
An amber light came on for the brake pads yesterday (sod's law) - do I need to replace the pads or given that it's just a 'they're low' indicator that it's not actually a requirement for handing the car back?
Just got the brakes done. Was about £80. VWFS said they won't collect the car if it has any warning lights on, including requiring an adblu top up. An amber light came on for the brake pads yesterday (sod's law) - do I need to replace the pads or given that it's just a 'they're low' indicator that it's not actually a requirement for handing the car back?
Agree with what you've said if it relates to damage repairs but standard rates on maintenance and tyres are worth just getting sorted yourself.
Trying to post in the right thread and not derail the deals thread.
car went back yesterday via BCA. Damage noticed by me was:
Borderline charges:
Dent on rear offside door
Damage to 2 alloys, over the 100mm limit
Deep scratches to to of rear bumper from dog jumping in
Damage to the boot lid liner from an oven scratching it for 200 miles. I sanded it down then used a heat gun to melt the plastic and black spray paint to finish - it was noticeable to the eye
Came back to the car to notice this one day:
Cleaned it up as much as i could but multiple spots of damage down to the plastic. With this and the other damage to the bumper i was worried about the cost.
inspector said zero charge. I didn't have time to question him due to appt i had but assume as they were all, individually, under the limit then they all passed.
confused but V happy
car went back yesterday via BCA. Damage noticed by me was:
Borderline charges:
Dent on rear offside door
Damage to 2 alloys, over the 100mm limit
Deep scratches to to of rear bumper from dog jumping in
Damage to the boot lid liner from an oven scratching it for 200 miles. I sanded it down then used a heat gun to melt the plastic and black spray paint to finish - it was noticeable to the eye
Came back to the car to notice this one day:
Cleaned it up as much as i could but multiple spots of damage down to the plastic. With this and the other damage to the bumper i was worried about the cost.
inspector said zero charge. I didn't have time to question him due to appt i had but assume as they were all, individually, under the limit then they all passed.
confused but V happy
Hi, I took delivery of a pre-reg Renault Zoe at the beginning of March. Had the car for six days. On the fifth, it refused to start with an electrical fault. Renault Assistance (the RAC basically) came out, cleared faults. Car started and moved. Day after, went to use it - same thing. RAC sent a recovery out and the car was recovered to the nearest Renault dealer. It's now been with them for five weeks. I have a courtesy car, which is also a Renault Zoe albeit the base spec. The one I should have has the higher spec charging meaning it can charge more quickly when stopped at a services or whatever.
Spoke to the garage every few days, and this week it was ready to be looked at. Wednesday they cleared the faults, said there was no problems. One of their techs would take it home Weds night, drive it for a bit and check it started ok on Thursday. It did this with no problems. Friday they said I could pick it up. I explained that the courtesy car wasn't full of charge, so they could either have it back empty, or have it back today (Saturday) full. We agreed on returning the courtesy car today, full, and that they'd have mine full too.
Yesterday evening they call back, and say that the car isn't charging and that there is something more wrong with it.
What are my options at this point? I've called the finance company and they've basically said "tough, you've got a car, it is what it is". Which is fair, but it means that, for instance, last weekend I was sat at motorway services for the car to charge for two hours which should've taken about 30-45 minutes instead. Also haven't got any of the other nice bells and whistles (parking sensors, camera, sat nav, heated seats...). First world problems, sure. And also I'm putting miles on the courtesy car instead.
They reckon it might be another month or so, at best, before I get the car back that I should have.
Could do with a reality check on this is reasonable or not? I don't think it is...
Spoke to the garage every few days, and this week it was ready to be looked at. Wednesday they cleared the faults, said there was no problems. One of their techs would take it home Weds night, drive it for a bit and check it started ok on Thursday. It did this with no problems. Friday they said I could pick it up. I explained that the courtesy car wasn't full of charge, so they could either have it back empty, or have it back today (Saturday) full. We agreed on returning the courtesy car today, full, and that they'd have mine full too.
Yesterday evening they call back, and say that the car isn't charging and that there is something more wrong with it.
What are my options at this point? I've called the finance company and they've basically said "tough, you've got a car, it is what it is". Which is fair, but it means that, for instance, last weekend I was sat at motorway services for the car to charge for two hours which should've taken about 30-45 minutes instead. Also haven't got any of the other nice bells and whistles (parking sensors, camera, sat nav, heated seats...). First world problems, sure. And also I'm putting miles on the courtesy car instead.
They reckon it might be another month or so, at best, before I get the car back that I should have.
Could do with a reality check on this is reasonable or not? I don't think it is...
Sorry to hear that. Make a regulated complaint with the finance/lease company explaining that if they don't resolve it by supplying a car equivalent to the one you are paying for within 7 days you WILL use the Ombudsman services and that you are also expecting a partial refund for everyday that you have had to use a lesser car and for the distress they have caused (use the word distress).
All the best.
All the best.
I've had an ongoing issue with a leased Leon and it's been off the road at the dealer for 8 of the 12 months I've had it. This was a 6 month and a 2 month stint where I had the car for 3 weeks in between.
My "compo" has all been from Cupra (SEAT) and has consisted of:
80% of my fuel bill from the courtesy cars (mine is a PHEV so my usual fuel bill is tiny).
A month's lease payment for each of the 2 visits.
3 year vehicle app subscription as the initial is 12 months.
Free first service that came due while they had it.
I get the impression I could have rejected the car quite easily if I wanted to, which I would have done if I could have got a replacement for similar money.
My "compo" has all been from Cupra (SEAT) and has consisted of:
80% of my fuel bill from the courtesy cars (mine is a PHEV so my usual fuel bill is tiny).
A month's lease payment for each of the 2 visits.
3 year vehicle app subscription as the initial is 12 months.
Free first service that came due while they had it.
I get the impression I could have rejected the car quite easily if I wanted to, which I would have done if I could have got a replacement for similar money.
Been leasing an electric car via salary sacrifice for 3 years. I am looking to purchase the car and asking price is £14k.
The online we buy any car type sites would pay between 11-12.5k. Retail is 14.5k
I know lease company are gouging, but any thoughts welcome.
If I don’t purchase, car must be handed back on 30 Sep. No other vehicles in the household
The online we buy any car type sites would pay between 11-12.5k. Retail is 14.5k
I know lease company are gouging, but any thoughts welcome.
If I don’t purchase, car must be handed back on 30 Sep. No other vehicles in the household
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