Best Lease Car Deals Available? (Vol 4)

Best Lease Car Deals Available? (Vol 4)

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PenelopaPitstop

2,176 posts

135 months

Thursday 15th June 2017
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mercGLowner said:
VW Golf GTI 3dr DSG - how does this deal compare with others out there?

6+23, 8000 miles pa, £326 (inc VAT) non maintained, and an extra £9 for fully maintained - £335. xs miles is about 11p.

This includes two options, Pure White paint and 19" Brescia alloys.
You could get Golf R for couple of hundreds more total for two years.

https://www.contracthireandleasing.com/independent...

https://www.contracthireandleasing.com/independent...

https://www.contracthireandleasing.com/independent...

ronaldoAudi

88 posts

106 months

Thursday 15th June 2017
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LM95 said:
I would not say shockingly bad at all it is probably about the price they are at the moment.

A very quick search on SelectCarLeasing has them at £283.23 on a 6+23 with 8k, and that's the manual. Not sure on the cost of options there for the wheels and paint but for the DSG that seems pretty good with options.

Its worth checking out the WhatCar leasing site as the dealers may be able to match and with no fee which could be slightly more attractive.

There are rumours of there being more deals on VW products in the next few weeks but that is yet to be seen.

I don't understand how a deal can be described as shockingly bad when compared to a limited offer on a very limited number of cars. That came and went, too often we see comments that a certain price is not good as once upon a time it was available for a much cheaper price - that's gone now, move on.
Just because that's the price they are at the moment doesn't mean it's not a bad deal.

The method most of us use to ascertain whether a deal is good or not is the cost of the lease as a percentage of the value of the car.

Pure White is a £280 option and 19" Brescia alloys is a £595 option. The 6+23 term at £326 costs £9,454 over the term. If we remove the options cost, this brings it to £8,579 for the basic car.

The RRP of this car is £29,335 and it's available from Broker4Cars at £23,454. Therefore, the lease is costing 29.25% of RRP and 36.5% of discounted price.

I wouldn't consider this a good deal at all. However, as we all know, going looking for a lease with a specific model in mind is unlikely to result in a good deal on most occasions. It's usually best going in with a specific budget and looking for the best deal available for that budget.

For reference, I've recently gone for a deal on an Alfa Romeo 4C Coupe with £400 worth of options. The RRP of this car is £53,220 and the total lease cost is £8,040 - albeit with only 6000 miles p/a. The car is worth 80% more than this Golf, yet the lease works out cheaper - even allowing for £539 to cover excess mileage (that'd bring the allowance up to 7k p/a).

RandomTask

139 posts

184 months

Thursday 15th June 2017
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PenelopaPitstop said:
Cheap deals on KIA Optima Diesel Sportswagon 1.7 CRDi ISG 2 5dr are back, around £5300 for two years. Cars are well specced as standard.

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

I went to check it out and was shocked by the plastics but maybe it's good enough for someone as daily driver.
Looks to be cheaper here: £4935 over 2 years. £161.90 + £240 admin on 6+23 inc Vat.

https://www.nationalvehiclesolutions.co.uk/Kia-OPT...

PenelopaPitstop

2,176 posts

135 months

Thursday 15th June 2017
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When you change to 8K or 10K miles pa it's similar price.

Perennity22

8 posts

88 months

Thursday 15th June 2017
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LM95 said:
I would not say shockingly bad at all it is probably about the price they are at the moment.

A very quick search on SelectCarLeasing has them at £283.23 on a 6+23 with 8k, and that's the manual. Not sure on the cost of options there for the wheels and paint but for the DSG that seems pretty good with options.

Its worth checking out the WhatCar leasing site as the dealers may be able to match and with no fee which could be slightly more attractive.

There are rumours of there being more deals on VW products in the next few weeks but that is yet to be seen.

I don't understand how a deal can be described as shockingly bad when compared to a limited offer on a very limited number of cars. That came and went, too often we see comments that a certain price is not good as once upon a time it was available for a much cheaper price - that's gone now, move on.
I did reference a now-expired deal for comparison's sake, but I think that old deal was closer to par for a GTI than almost £10k over 2 years. You may disagree and that's fine.

As has been mentioned, you also have to consider that paying almost £400 a month puts you close to the threshold of some really nice metal.

If an individual is happy to pay the £10k for a GTI, that's also fine by me. I realise many people do, when they're blinkered to just one model

ODRALLAG

397 posts

160 months

Thursday 15th June 2017
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Been waiting for a good deal on the new e class coupe but still nothing!

Fast Bug

11,805 posts

163 months

Thursday 15th June 2017
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ODRALLAG said:
Been waiting for a good deal on the new e class coupe but still nothing!
There's no finance support on it at the moment, we don't think there will be until maybe sometime in Q3 if not Q4

burty39

354 posts

203 months

Thursday 15th June 2017
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anonymous said:
[redacted]
Snap but 40k for me!

talksthetorque

10,815 posts

137 months

Thursday 15th June 2017
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ronaldoAudi said:
Just because that's the price they are at the moment doesn't mean it's not a bad deal.

The method most of us use to ascertain whether a deal is good or not is the cost of the lease as a percentage of the value of the car.

.
I don't - I look at what can I get for my budget - usually you are looking at something that would do you just fine for a couple of years.
Then occasionally something bloody stupid and far better will come in at the price. That's the deal I look at.
List price doesn't bother me as
a) I'm not paying it,
b) if there's a stinking lease deal on, chances are there are cash/pcp deals to be had at the same time - so neither is anyone else.
c) It's not a company car so I have no tax implications related to the list price.

I would expect Q3 ( July 1) to be the next big deal day. It's nearly too late to go through the process for squeezing figures in to Q2, even for stock cars.


The Mp

343 posts

189 months

Thursday 15th June 2017
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Fast Bug said:
There's no finance support on it at the moment, we don't think there will be until maybe sometime in Q3 if not Q4
Any news on support for the Saloon? Or is it too soon?

Fast Bug

11,805 posts

163 months

Thursday 15th June 2017
quotequote all
The Mp said:
Fast Bug said:
There's no finance support on it at the moment, we don't think there will be until maybe sometime in Q3 if not Q4
Any news on support for the Saloon? Or is it too soon?
The Saloon has been supported for quite a while, they start around £270ish a month. The Coupe has only been out for a few months and has no support on it so is around £450 a month.

I'm not sure what will happen for the rest of this year, I was talking to a friend that works for a manufacturer (not MB) and they're not as busy as they'd hoped but they weren't hitting the panic button yet.

mercGLowner

1,668 posts

186 months

Thursday 15th June 2017
quotequote all
[quote=ronaldoAudi]

Just because that's the price they are at the moment doesn't mean it's not a bad deal.

The method most of us use to ascertain whether a deal is good or not is the cost of the lease as a percentage of the value of the car.

Pure White is a £280 option and 19" Brescia alloys is a £595 option. The 6+23 term at £326 costs £9,454 over the term. If we remove the options cost, this brings it to £8,579 for the basic car.

The RRP of this car is £29,335 and it's available from Broker4Cars at £23,454. Therefore, the lease is costing 29.25% of RRP and 36.5% of discounted price.

[quote]

Thanks for the tip regarding Broker4Cars, the PCP deal probably comes cheaper than the lease, (PCP over 3 years with a similar deposit), so that would probably be the way to go. PCP gives more flexibility as well, and 3 years, rather than 2 year lease is acceptable. That's a huge discount on new, bigger than the usual DtD etc.

TT Coupe Black Edition S Tronic also in the mix on a 2 year lease (£359 6+23)) which is also pretty reasonable for a car which is close to £40K.

4C would be nice, but not for my everyday driving profile.

fizz47

2,705 posts

212 months

Thursday 15th June 2017
quotequote all
ronaldoAudi said:
Just because that's the price they are at the moment doesn't mean it's not a bad deal.

The method most of us use to ascertain whether a deal is good or not is the cost of the lease as a percentage of the value of the car.

Pure White is a £280 option and 19" Brescia alloys is a £595 option. The 6+23 term at £326 costs £9,454 over the term. If we remove the options cost, this brings it to £8,579 for the basic car.

The RRP of this car is £29,335 and it's available from Broker4Cars at £23,454. Therefore, the lease is costing 29.25% of RRP and 36.5% of discounted price.

I wouldn't consider this a good deal at all. However, as we all know, going looking for a lease with a specific model in mind is unlikely to result in a good deal on most occasions. It's usually best going in with a specific budget and looking for the best deal available for that budget.

For reference, I've recently gone for a deal on an Alfa Romeo 4C Coupe with £400 worth of options. The RRP of this car is £53,220 and the total lease cost is £8,040 - albeit with only 6000 miles p/a. The car is worth 80% more than this Golf, yet the lease works out cheaper - even allowing for £539 to cover excess mileage (that'd bring the allowance up to 7k p/a).
Where can I find the 4c deal?



PenelopaPitstop

2,176 posts

135 months

Thursday 15th June 2017
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fizz47

2,705 posts

212 months

Friday 16th June 2017
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PenelopaPitstop said:
Thanks smile

Matt_N

8,906 posts

204 months

Friday 16th June 2017
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RandomTask said:
PenelopaPitstop said:
Cheap deals on KIA Optima Diesel Sportswagon 1.7 CRDi ISG 2 5dr are back, around £5300 for two years. Cars are well specced as standard.

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

I went to check it out and was shocked by the plastics but maybe it's good enough for someone as daily driver.
Looks to be cheaper here: £4935 over 2 years. £161.90 + £240 admin on 6+23 inc Vat.

https://www.nationalvehiclesolutions.co.uk/Kia-OPT...
I need an A to B estate car and that could quite easily fit the bill for that sum of money.

tomble22

598 posts

130 months

Friday 16th June 2017
quotequote all
PenelopaPitstop said:
Cheap deals on KIA Optima Diesel Sportswagon 1.7 CRDi ISG 2 5dr are back, around £5300 for two years. Cars are well specced as standard.

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

I went to check it out and was shocked by the plastics but maybe it's good enough for someone as daily driver.
Have had mine for nearly a month now and very pleased with it, good economy (45mpg average, managed 53 on a trip to Swansea this week), very comfy, handling is nowhere near as bad as some reviews suggest, very easy to drive, good equipment and just generally a very good car for the money (I managed to get £185/month in the end on a 3+23). Rear leg room is unbelievably good (I'm 6ft 3 and i can sit comfortbaly in the back behind my front seat position) and the boot is huge!!

Two little things that slightly annoy me, the armrest is slightly too far back to be comfortable and you have to have your seatbelt on for the automatic handvbrake to release which is slightly annoying if you quickly move the car to put something in the boot and then have to keep putting the seat belt on and off (as i said, very minor!!).

Anyway, very good and glad i took the plunge over anything in the similar price range.

LM95

142 posts

94 months

Friday 16th June 2017
quotequote all
ronaldoAudi said:
Just because that's the price they are at the moment doesn't mean it's not a bad deal.

The method most of us use to ascertain whether a deal is good or not is the cost of the lease as a percentage of the value of the car.

Pure White is a £280 option and 19" Brescia alloys is a £595 option. The 6+23 term at £326 costs £9,454 over the term. If we remove the options cost, this brings it to £8,579 for the basic car.

The RRP of this car is £29,335 and it's available from Broker4Cars at £23,454. Therefore, the lease is costing 29.25% of RRP and 36.5% of discounted price.

I wouldn't consider this a good deal at all. However, as we all know, going looking for a lease with a specific model in mind is unlikely to result in a good deal on most occasions. It's usually best going in with a specific budget and looking for the best deal available for that budget.

For reference, I've recently gone for a deal on an Alfa Romeo 4C Coupe with £400 worth of options. The RRP of this car is £53,220 and the total lease cost is £8,040 - albeit with only 6000 miles p/a. The car is worth 80% more than this Golf, yet the lease works out cheaper - even allowing for £539 to cover excess mileage (that'd bring the allowance up to 7k p/a).
I don't disagree with you at all, in fact I agree with your comments. My point was just that right now for that car the deal is fine. probably one of the better ones with those options. There is likely to be better deals come up and IF another car was to be looked at then there may be something either better value or for slightly more £s a better car. I read that the OP was after a Golf GTI DSG and wanted to know if it was a good deal compared to other deals for the same car.

Some people for various reasons may want a specific car and are happy to pay for it but just want the best deal at the time. This would render the % to value of the car pretty meaningless but as the majority know here for a deal you don't want to get hung up on a specific make / model.

The only danger with the continuous quoting of past deals, that no longer exist, is that some may start believing that unless they get an Alltrack for £120 per month on a 3+23 then its not a good deal. Different circumstances mean different priorities, not everyone can wait for a deal and some people will want something specific. Its a great deal you have on the 4c, but where would I put the kids? What about in 6 months if I want a 4c should I not get one because 6 months ago I could have got one cheaper than a Golf?

We all want to strike a deal like this but we are not all ready or able to do so when they arise, thus we have to take the best deal available at the time when we are able to do so.

Anyway Like I said I am in agreement with you and follow your rules, the deal is of greater importance than the car (to a degree).

It is a great deal on the 4c and hope you enjoy the baby supercar for the 2 years.

Richard-51tz1

78 posts

94 months

Friday 16th June 2017
quotequote all
tomble22 said:
Have had mine for nearly a month now and very pleased with it, good economy (45mpg average, managed 53 on a trip to Swansea this week), very comfy, handling is nowhere near as bad as some reviews suggest, very easy to drive, good equipment and just generally a very good car for the money (I managed to get £185/month in the end on a 3+23). Rear leg room is unbelievably good (I'm 6ft 3 and i can sit comfortbaly in the back behind my front seat position) and the boot is huge!!

Two little things that slightly annoy me, the armrest is slightly too far back to be comfortable and you have to have your seatbelt on for the automatic handvbrake to release which is slightly annoying if you quickly move the car to put something in the boot and then have to keep putting the seat belt on and off (as i said, very minor!!).

Anyway, very good and glad i took the plunge over anything in the similar price range.
Can you let me know where you got the deal and also what's the excess mileage as I'm doing 20k a year.

tomble22

598 posts

130 months

Friday 16th June 2017
quotequote all
Richard-51tz1 said:
tomble22 said:
Have had mine for nearly a month now and very pleased with it, good economy (45mpg average, managed 53 on a trip to Swansea this week), very comfy, handling is nowhere near as bad as some reviews suggest, very easy to drive, good equipment and just generally a very good car for the money (I managed to get £185/month in the end on a 3+23). Rear leg room is unbelievably good (I'm 6ft 3 and i can sit comfortbaly in the back behind my front seat position) and the boot is huge!!

Two little things that slightly annoy me, the armrest is slightly too far back to be comfortable and you have to have your seatbelt on for the automatic handvbrake to release which is slightly annoying if you quickly move the car to put something in the boot and then have to keep putting the seat belt on and off (as i said, very minor!!).

Anyway, very good and glad i took the plunge over anything in the similar price range.
Can you let me know where you got the deal and also what's the excess mileage as I'm doing 20k a year.
I got mine through Vehicle Savers. Mine is with 10k a year, excess mileage is 6p ish i think. Might need to up mine a little.

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