Best Lease Car Deals Available? (Vol 4)

Best Lease Car Deals Available? (Vol 4)

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nick1871

382 posts

114 months

Monday 17th July 2017
quotequote all
Interested to know more about preferential termination. My A4 will be going back early to be replaced with R Estate.

Not sure if it applies to me though as I'll be going Audi to VW. Is it something that VWFS arrange or the supplying dealer?


KGoogle

33 posts

84 months

Monday 17th July 2017
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Mohammed1982 said:
5 door DSG Golf GTI £2400 upfront & £177 a month based on 24 months inclusive of VAT. Based on 5k

https://www.nationalvehiclesolutions.co.uk/Volkswa...

Any good???
Looks a good deal will check it out thanks

Scotia3k

52 posts

92 months

Monday 17th July 2017
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Mohammed1982 said:
5 door DSG Golf GTI £2400 upfront & £177 a month based on 24 months inclusive of VAT. Based on 5k

https://www.nationalvehiclesolutions.co.uk/Volkswa...

Any good???
Just throwing this out there because I can't believe the volume of love for Golfs in here:

This is £6471 over 2 years for 5k miles. Add on 10p a mile excess and take it up to a normal mileage of 10k. £7471.

That's £311 amortised for the period. I would not pay that for any VW.

nick1871

382 posts

114 months

Monday 17th July 2017
quotequote all
Scotia3k said:
Just throwing this out there because I can't believe the volume of love for Golfs in here:

This is £6471 over 2 years for 5k miles. Add on 10p a mile excess and take it up to a normal mileage of 10k. £7471.

That's £311 amortised for the period. I would not pay that for any VW.
If you add the extra 10k miles mid term you can halve that extra mileage cost.

paralla

3,549 posts

137 months

Monday 17th July 2017
quotequote all
Scotia3k said:
Just throwing this out there because I can't believe the volume of love for Golfs in here:

This is £6471 over 2 years for 5k miles. Add on 10p a mile excess and take it up to a normal mileage of 10k. £7471.

That's £311 amortised for the period. I would not pay that for any VW.
I've done less than 5K miles/year over the past three years and no reason that will change going forward. Golf R is my second car and I live in Central London, work commute is by Vespa.

imdeman87

895 posts

109 months

Monday 17th July 2017
quotequote all
Live2kite said:
Just wanted to share my experience with Spire Audi Watford, below is my email to them that explains everything. It is a reminder to check and double check everything as certain Hyenas will try every trick in the book to make it a better deal...

...........
As you say at the end, just get your money back and run. Even if they do sort out the price then there'll be another cock up along the way.

Are you sure you got a PCH deal there? The whole to and fro between salesman and manager, upfront £1.5k deposit, high monthlies etc. Were they trying to push you into a PCP?

SiQS

85 posts

95 months

Monday 17th July 2017
quotequote all
FastWilly said:
Apols, didn't realise that was the one you were looking at. What is preferential finance termination?
nick1871 said:
Interested to know more about preferential termination. My A4 will be going back early to be replaced with R Estate.

Not sure if it applies to me though as I'll be going Audi to VW. Is it something that VWFS arrange or the supplying dealer?
Just to shed some more light on the Preferential Early Termination, I have actually done one of these myself. I had a Tiguan last year, 9 months into my lease the R Estate deals came out and I wanted to jump in one.

The way it works is as follows; the dealer will request the Pref ET from VWFS, they will give the dealer the shortfall amount, in my case it was £228.00

VWFS will also provide the Pref ET figure to the dealer for them to "pay off" of the outstanding finance. I can't remember the figure for the Tiguan but it was around £19k.

The dealer will then carry out an appraisal on your car to see how much they would offer you, like a part-exchange as they are effectively taking your car into their stock to sell. So my Tiguan was appraised at say £18k, leaving a shortfall of £1k to pay towards the early termination. You then need to pay your initial deposit on top of this.

Now, because its through VWFS, it works across the board, VW, Audi, Skoda etc. I have now just done another one, again 9 months into my lease to go from the R Estate to an Audi A6.

The problem I have found is that not all dealers know about it, and not all dealers are willing to do it. I contacted one dealer who could do it, but wouldn't.

When trading the R for the A6, I had put a lot of miles on it for the age, needs 2 new tyres and a couple of scrapes and dents sorting, so my shortfall was £1800, but I didn't want to pay this upfront so the dealer added it onto the rental effectively, so although I will be paying more, it was better for me to pay it monthly than in one lump.

If anyone has any questions on this, then please feel free to ask..



andrewparker

8,014 posts

189 months

Monday 17th July 2017
quotequote all
Scotia3k said:
Mohammed1982 said:
5 door DSG Golf GTI £2400 upfront & £177 a month based on 24 months inclusive of VAT. Based on 5k

https://www.nationalvehiclesolutions.co.uk/Volkswa...

Any good???
Just throwing this out there because I can't believe the volume of love for Golfs in here:

This is £6471 over 2 years for 5k miles. Add on 10p a mile excess and take it up to a normal mileage of 10k. £7471.

That's £311 amortised for the period. I would not pay that for any VW.
24% of list price then. If you put aside your dislike for the VW brand you'll find there are much worse deals out there.

nick1871

382 posts

114 months

Monday 17th July 2017
quotequote all
SiQS said:
Just to shed some more light on the Preferential Early Termination, I have actually done one of these myself. I had a Tiguan last year, 9 months into my lease the R Estate deals came out and I wanted to jump in one.

The way it works is as follows; the dealer will request the Pref ET from VWFS, they will give the dealer the shortfall amount, in my case it was £228.00

VWFS will also provide the Pref ET figure to the dealer for them to "pay off" of the outstanding finance. I can't remember the figure for the Tiguan but it was around £19k.

The dealer will then carry out an appraisal on your car to see how much they would offer you, like a part-exchange as they are effectively taking your car into their stock to sell. So my Tiguan was appraised at say £18k, leaving a shortfall of £1k to pay towards the early termination. You then need to pay your initial deposit on top of this.

Now, because its through VWFS, it works across the board, VW, Audi, Skoda etc. I have now just done another one, again 9 months into my lease to go from the R Estate to an Audi A6.

The problem I have found is that not all dealers know about it, and not all dealers are willing to do it. I contacted one dealer who could do it, but wouldn't.

When trading the R for the A6, I had put a lot of miles on it for the age, needs 2 new tyres and a couple of scrapes and dents sorting, so my shortfall was £1800, but I didn't want to pay this upfront so the dealer added it onto the rental effectively, so although I will be paying more, it was better for me to pay it monthly than in one lump.

If anyone has any questions on this, then please feel free to ask..
Thanks for the explanation, I didn't realise this was possible. Will speak to my contact at the supplying dealer , hopefully he is willing to request the figure for me and work out the cost to change lease.

You mentioned a shortfall of £228, not sure what this refers to?

Sc0tchland

434 posts

83 months

Monday 17th July 2017
quotequote all
Hi guys,

What's the truth in VW hitting there quota for the £1500 dealer contribution, is this per dealer specific?

Burwood

18,709 posts

248 months

Monday 17th July 2017
quotequote all
nick1871 said:
SiQS said:
Just to shed some more light on the Preferential Early Termination, I have actually done one of these myself. I had a Tiguan last year, 9 months into my lease the R Estate deals came out and I wanted to jump in one.

The way it works is as follows; the dealer will request the Pref ET from VWFS, they will give the dealer the shortfall amount, in my case it was £228.00

VWFS will also provide the Pref ET figure to the dealer for them to "pay off" of the outstanding finance. I can't remember the figure for the Tiguan but it was around £19k.

The dealer will then carry out an appraisal on your car to see how much they would offer you, like a part-exchange as they are effectively taking your car into their stock to sell. So my Tiguan was appraised at say £18k, leaving a shortfall of £1k to pay towards the early termination. You then need to pay your initial deposit on top of this.

Now, because its through VWFS, it works across the board, VW, Audi, Skoda etc. I have now just done another one, again 9 months into my lease to go from the R Estate to an Audi A6.

The problem I have found is that not all dealers know about it, and not all dealers are willing to do it. I contacted one dealer who could do it, but wouldn't.

When trading the R for the A6, I had put a lot of miles on it for the age, needs 2 new tyres and a couple of scrapes and dents sorting, so my shortfall was £1800, but I didn't want to pay this upfront so the dealer added it onto the rental effectively, so although I will be paying more, it was better for me to pay it monthly than in one lump.

If anyone has any questions on this, then please feel free to ask..
Thanks for the explanation, I didn't realise this was possible. Will speak to my contact at the supplying dealer , hopefully he is willing to request the figure for me and work out the cost to change lease.

You mentioned a shortfall of £228, not sure what this refers to?
The difference between what's owed and car is worth

Blown2CV

29,091 posts

205 months

Monday 17th July 2017
quotequote all
Sc0tchland said:
Hi guys,

What's the truth in VW hitting there quota for the £1500 dealer contribution, is this per dealer specific?
what does a deposit contribution have to do with leasing?

Blown2CV

29,091 posts

205 months

Monday 17th July 2017
quotequote all
nick1871 said:
SiQS said:
Just to shed some more light on the Preferential Early Termination, I have actually done one of these myself. I had a Tiguan last year, 9 months into my lease the R Estate deals came out and I wanted to jump in one.

The way it works is as follows; the dealer will request the Pref ET from VWFS, they will give the dealer the shortfall amount, in my case it was £228.00

VWFS will also provide the Pref ET figure to the dealer for them to "pay off" of the outstanding finance. I can't remember the figure for the Tiguan but it was around £19k.

The dealer will then carry out an appraisal on your car to see how much they would offer you, like a part-exchange as they are effectively taking your car into their stock to sell. So my Tiguan was appraised at say £18k, leaving a shortfall of £1k to pay towards the early termination. You then need to pay your initial deposit on top of this.

Now, because its through VWFS, it works across the board, VW, Audi, Skoda etc. I have now just done another one, again 9 months into my lease to go from the R Estate to an Audi A6.

The problem I have found is that not all dealers know about it, and not all dealers are willing to do it. I contacted one dealer who could do it, but wouldn't.

When trading the R for the A6, I had put a lot of miles on it for the age, needs 2 new tyres and a couple of scrapes and dents sorting, so my shortfall was £1800, but I didn't want to pay this upfront so the dealer added it onto the rental effectively, so although I will be paying more, it was better for me to pay it monthly than in one lump.

If anyone has any questions on this, then please feel free to ask..
Thanks for the explanation, I didn't realise this was possible. Will speak to my contact at the supplying dealer , hopefully he is willing to request the figure for me and work out the cost to change lease.

You mentioned a shortfall of £228, not sure what this refers to?
why would you want to terminate early just to get into a new car... do you realise this ruins the carefully man maths'd financials you worked out when you went into the deal? You're making it vastly more expensive for yourself. Don't bother to answer, it's off topic as it is.

nick1871

382 posts

114 months

Monday 17th July 2017
quotequote all
Blown2CV said:
why would you want to terminate early just to get into a new car... do you realise this ruins the carefully man maths'd financials you worked out when you went into the deal? You're making it vastly more expensive for yourself. Don't bother to answer, it's off topic as it is.
You again... haven't you got anything better to do?

nick1871

382 posts

114 months

Monday 17th July 2017
quotequote all
Burwood said:
The difference between what's owed and car is worth
He mentioned a shortfall figure of £1k a bit further on which made me think what was the £228 the difference between.

Live2kite

132 posts

84 months

Monday 17th July 2017
quotequote all
imdeman87 said:
As you say at the end, just get your money back and run. Even if they do sort out the price then there'll be another cock up along the way.

Are you sure you got a PCH deal there? The whole to and fro between salesman and manager, upfront £1.5k deposit, high monthlies etc. Were they trying to push you into a PCP?
Yeah, I did my homework, PCH that is coming to around 23% of the on the road price, there was a few that went really quick, there is still offer on the Standard but it is a factory order with a long wait. They tried PCP on me and when I laid out the numbers in front of him, within 2 minutes , he said ..ehmm, i can see you came prepared..did not stop them trying to swindle me out of 2k though..
Went to 4 different showrooms with a quote on Allroad Sport at 326£ on 10k and they all though I'm making it up or missing the VAT.
They just p***ed me off by being either ultra cheeky in trying to mess about with the contract even though it was crystal clear in writing, or really bad with numbers and details, both options not good especially in Audi where they expecting you to pay top money. While I was waiting, 2 different people went to service in this dealership with some issues and been told there is more then a month waiting time for courtesy car, which with over 300 used and approved cars in the yard is frankly insulting to say the least.

Blown2CV

29,091 posts

205 months

Monday 17th July 2017
quotequote all
nick1871 said:
Blown2CV said:
why would you want to terminate early just to get into a new car... do you realise this ruins the carefully man maths'd financials you worked out when you went into the deal? You're making it vastly more expensive for yourself. Don't bother to answer, it's off topic as it is.
You again... haven't you got anything better to do?
haven't you? It's absolutely fking true the thing i said though isn't it? Maybe instead of reacting in such a stupid way you might want to consider what i said.

nick1871

382 posts

114 months

Monday 17th July 2017
quotequote all
Blown2CV said:
haven't you? It's absolutely fking true the thing i said though isn't it? Maybe instead of reacting in such a stupid way you might want to consider what i said.
Calm down mate, what's with the attitude? If reading this thread makes you so angry and gets you so upset then maybe you shouldn't read it anymore. People are going to go off topic, fact. Get over it.

PenelopaPitstop

2,175 posts

135 months

Monday 17th July 2017
quotequote all
Live2kite said:
Went to 4 different showrooms with a quote on Allroad Sport at 326£ on 10k and they all though I'm making it up or missing the VAT.
They just p***ed me off by being either ultra cheeky in trying to mess about with the contract even though it was crystal clear in writing, or really bad with numbers and details, both options not good especially in Audi where they expecting you to pay top money. While I was waiting, 2 different people went to service in this dealership with some issues and been told there is more then a month waiting time for courtesy car, which with over 300 used and approved cars in the yard is frankly insulting to say the least.
Wouldn't it be easier to just call? That's what I did today but didn't get anywhere. Salesmen tried but everyone said they can't get anywhere near that price. And I called fleet depts. I also went on carwow.co.uk to see who has A6 Allroad Sport in stock and contacted the dealers asking to match that quote but no luck.


Edited by PenelopaPitstop on Monday 17th July 22:15

Blown2CV

29,091 posts

205 months

Monday 17th July 2017
quotequote all
nick1871 said:
Blown2CV said:
haven't you? It's absolutely fking true the thing i said though isn't it? Maybe instead of reacting in such a stupid way you might want to consider what i said.
Calm down mate, what's with the attitude? If reading this thread makes you so angry and gets you so upset then maybe you shouldn't read it anymore. People are going to go off topic, fact. Get over it.
nope, i lease cars. I want to see deals so I know what to go for when i change. The topic is the topic. Maybe if you get angry about someone response to your post then you shouldn't have posted it?
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