Best Lease Car Deals Available? (Vol 4)

[T0M]

simonwhite2000 said:

A good honest summary - thank you. I think I would miss the quick get away of the R but the interior is not as bad as in the pics - your right it somehow must photograph badly. If VWFS cannot get me back in an S5 (stolen 5 months in to lease) then ill take this I think given how cheap it is for what it is. My quote was just over 1300 and 231 a month with 10k per annum and seat sound added - the met paint was free and I would go for Grey over Mystic blue I think.

Would you mind sharing some facts about what happens if a lease car is stolen mid-term? Did you have gap insurance? I'm sure I read a tale of woe once about a stolen Golf R and the insurance covering the car but VW wanting the remaining monthlies or something to that effect.

[simonwhite2000]

T0M said:

simonwhite2000 said:

A good honest summary - thank you. I think I would miss the quick get away of the R but the interior is not as bad as in the pics - your right it somehow must photograph badly. If VWFS cannot get me back in an S5 (stolen 5 months in to lease) then ill take this I think given how cheap it is for what it is. My quote was just over 1300 and 231 a month with 10k per annum and seat sound added - the met paint was free and I would go for Grey over Mystic blue I think.

Would you mind sharing some facts about what happens if a lease car is stolen mid-term? Did you have gap insurance? I'm sure I read a tale of woe once about a stolen Golf R and the insurance covering the car but VW wanting the remaining monthlies or something to that effect.

Hi mate, I am still going through the process myself but by the end of this week I should be able to give the full story on whats gone on end to end. Yes I am fully insured up - it isnt worth taking any chances!

[Clyde_05]

Does it insure against the deposit you paid as well?

[andrewparker]

Clyde_05 said:

Does it insure against the deposit you paid as well?

Not always, but I believe some companies now offer the option of insuring your initial payment.

[morrisk1]

simonwhite2000 said:

T0M said:

simonwhite2000 said:

A good honest summary - thank you. I think I would miss the quick get away of the R but the interior is not as bad as in the pics - your right it somehow must photograph badly. If VWFS cannot get me back in an S5 (stolen 5 months in to lease) then ill take this I think given how cheap it is for what it is. My quote was just over 1300 and 231 a month with 10k per annum and seat sound added - the met paint was free and I would go for Grey over Mystic blue I think.

Would you mind sharing some facts about what happens if a lease car is stolen mid-term? Did you have gap insurance? I'm sure I read a tale of woe once about a stolen Golf R and the insurance covering the car but VW wanting the remaining monthlies or something to that effect.

Hi mate, I am still going through the process myself but by the end of this week I should be able to give the full story on whats gone on end to end. Yes I am fully insured up - it isnt worth taking any chances!

Wifes leased Qashqai was stolen start of the year (around 18 months into lease). Took a while due to circumstances but in terms of the lease, a settlement figure was given by the lease company, insurers payout was more than that so lease company got paid and we had a couple of thousand also. Covered the cost of the initial payment on the new lease (Tiguan). We did have GAP but wasn't needed!

Edited to add;
Initial rental cover

(and apologise for going off-topic)

Edited by morrisk1 on Monday 10th July 16:51

[TomScrut]

morrisk1 said:

Wifes leased Qashqai was stolen start of the year (around 18 months into lease). Took a while due to circumstances but in terms of the lease, a settlement figure was given by the lease company, insurers payout was more than that so lease company got paid and we had a couple of thousand also. Covered the cost of the initial payment on the new lease (Tiguan). We did have GAP but wasn't needed!

Edited to add;
Initial rental cover

(and apologise for going off-topic)

Edited by morrisk1 on Monday 10th July 16:51

Interestingly my S5 lease (and I would imagine Simons would be the same) is that VWFS stipulate they want to deal directly with the insurer. I presume this is so they can see the benefit of anything such as what you mention rather than the leaser?

[Woodchopper83]

andrewparker said:

Clyde_05 said:

Does it insure against the deposit you paid as well?

Not always, but I believe some companies now offer the option of insuring your initial payment.

My wife's 3 week old Audi S3 was stolen off the driveway at the end of last year. The toe rags that stole it proceeded to write it off 10 minutes up the road. The GAP insurance we had covered our initial deposit and the insurer covered the full amount due to the lease company.

[faysmax]

After a series of email with the local dealer and extra supporting documents, I've managed to secure myself a Golf GTI. Thank you for your advice! September couldn't come any faster

imdeman87 said:

Yes, slightly off topic so a couple of people won't be happy...

You need stability in terms of your financial history. Register/update your name and address on the electoral register. Keep all banks/credit card/loan companies up-to-date with your current address. Keep your payslips or at least have some proof of regular income too. Give it at least 3-6 months and re-apply when the next deal appears. Should they require documentation after a credit check, then you can provide it following the above changes.

[dollyboy]

Woodchopper83 said:

andrewparker said:

Clyde_05 said:

Does it insure against the deposit you paid as well?

Not always, but I believe some companies now offer the option of insuring your initial payment.

My wife's 3 week old Audi S3 was stolen off the driveway at the end of last year. The toe rags that stole it proceeded to write it off 10 minutes up the road. The GAP insurance we had covered our initial deposit and the insurer covered the full amount due to the lease company.

I had an M135i on 6+23, which was in an accident and a write off at 5 months old. The lease company provided a settlement figure, which is quite low because no VAT involved as far as I'm aware, about £21k.

The leasing company said they would deal directly with me but this didn't happen and they gave the settlement details to the insurance company. I wanted to settle myself and get the insurance company to pay me market value, which was a few k more than the settlement. However because they got the settlement figures direct they settled before I could and when I questioned it they said their policy is to only settle direct with the lease company, oh well.

I didn't have GAP insurance so lost the initial payment. But at least the insurance company eventually refunded me the excess, which they didn't actually make me pay in the first place

The car I currently have on order is 1+23 so not going to bother with GAP insurance.

[ecksjay]

dollyboy said:

The car I currently have on order is 1+23 so not going to bother with GAP insurance.

Is that the way it's done then? This would be my first foray into leasing and as the Leon Cupra deal is basically 1+23, is there no real need for GAP insurance? I checked before and it wasn't much at all (like £80) so may be worth doing just for the peace of mind but i can't really remember what it's actually there for...

[TJC46]

ecksjay said:

Is that the way it's done then? This would be my first foray into leasing and as the Leon Cupra deal is basically 1+23, is there no real need for GAP insurance? I checked before and it wasn't much at all (like £80) so may be worth doing just for the peace of mind but i can't really remember what it's actually there for...

I was under the impression.....[maybe wrongly] that the insurance you have on the vehicle will pay full value if the car is a total loss or stolen, but this is only in the first 12 months.
After 12 months they only pay market value at the time of loss, which can sometimes be less than the lease company would insist on, and without GAP insurance you have to find the difference.

Stand to be corrected or enlightened.

[dollyboy]

TJC46 said:

I was under the impression.....[maybe wrongly] that the insurance you have on the vehicle will pay full value if the car is a total loss or stolen, but this is only in the first 12 months.
After 12 months they only pay market value at the time of loss, which can sometimes be less than the lease company would insist on, and without GAP insurance you have to find the difference.

Stand to be corrected or enlightened.

I believe that to be correct, however I think people forget there's no VAT involved with a settlement and therefore it's likely to be less than you expect. As an example, my M135i had a list price circa 30k, which is 25k without VAT, I had paid about 3k inc VAT. Settlement figure was around 21-22k.

Market value of 5 month old M135i would be say 24-25k, although in reality you could get them new for about that at the time.

Therefore I think you would be unlucky for lease settlement figure to be more than market value, however it could be possible with some cars at certain points during the term.

Some insurance companies will pay cost of new car in the first 12 months, but its worth checking the policy, not all insurers do this, the company I used for the M135i didn't, which I think was Admiral.

Edited by dollyboy on Monday 10th July 21:35

[Toby-ahla6]

Toby-ahla6 said:

Just seen this if anyone is interested in a Leon Cupra for 2 years at a smidge over £6k - seems like a crazy deal to me. About the 20% mark I think.

Is the Cupra any good? Golf GTi worth the extra money in comparison?

http://www.seatwarrington.co.uk/newcars/details/se...

Glad to see people found this helpful!

Can anyone help me better a Golf Gti manual for around £235 on a 6+23 10k miles deal?

Thanks in advance.

[PenelopaPitstop]

Looks like Volvo might be offloading some more cars:

Volvo XC90 Diesel Estate 2.0 D5 PowerPulse Momentum 5dr AWD Geartronic
Total for 2 years £11,700.00, 8K miles per annum.
Neva Direct - https://www.contracthireandleasing.com/independent...
http://www.neva.direct/personal-lease-cars/volvo/x...

No affiliation with the broker, just popping up on my search with low prices.

According to Broadspeed, RRP price is £48,655 and discounted £47,696. So 24% for two years from discounted price.

Edited by PenelopaPitstop on Tuesday 11th July 07:20

[kriswilson]

Volvo XC90 deal looks interesting.

Anyone happen to know if Volvo dealers will get close to the deal? We need something with a decent size boot and this looks like it might fit the bill

[silentbrown]

TJC46 said:

I was under the impression.....[maybe wrongly] that the insurance you have on the vehicle will pay full value if the car is a total loss or stolen, but this is only in the first 12 months.

Leased vehicles are usually excluded.

quotemehappy said:

We will only replace your car if:
1. You or your partner own your car or are buying it under
a hire purchase agreement or other type of agreement
where ownership passes to you and the financing company
agrees; and

Anecdotal evidence so far is that insurance payouts are higher than lease settlement figures, which amazes me. How are settlement figures calculated??

[Faisal_uk]

Toby-ahla6 said:

Glad to see people found this helpful!

Can anyone help me better a Golf Gti manual for around £235 on a 6+23 10k miles deal?

Thanks in advance.

If they are still available then I think that is the best you will get.
Definitely go through a VW dealer direct. About a week ago best I was offered £255 8k miles on a 3+23 and £265 for the DSG (again same 5dr 3+23)

Your 10K miles on a 6+23 works out at the same rate as above.

If only VW didn't increase the prices this quarter it would have been £500 cheaper! Original quote I had last Monday was £20 per month cheaper then the realised the mistake.

[mrshush]

Found this if anyone interested :

https://www.centralukvehicleleasing.co.uk/vehicle/...

[RobMGti]

That XC90 deal is cracking, the new one is a genuinely lovely place to be. Neighbour has one and i've had a tootle about in it a few times.

I'd get to a dealer and see if they will match it.

[PenelopaPitstop]

kriswilson said:

Volvo XC90 deal looks interesting.

Anyone happen to know if Volvo dealers will get close to the deal? We need something with a decent size boot and this looks like it might fit the bill

The easiest way to find an answer is to pick up the phone and call dealer with fleet department. Or call Neva and ask who's the founder and what are the conditions.

Audi S3 deal doesn't look bad, around 9K total, but only 5K miles per annum. However I think it's thieves and burglars magnet.

Edited by PenelopaPitstop on Tuesday 11th July 10:09