Best Lease Car Deals Available? (Vol 3)
Discussion
Burwood said:
rongagin said:
Beefmeister said:
rongagin said:
Sorry if this is the wrong thread to ask for advice, if very wrong then please advise where is better.
My daughter has 6 months left on her personal lease with Arval on a BMW.
After a split with her partner she needs to apply for a mortgage. So wants to reduce financial commitments.
She has rang Arval and asked if she can pay them the 6 months left in one lump sum, they so no. She asked could she hand car back, yes but she has to pay remaining payments, ok expected. She also asked she transfer to someone else, told no.
So the guy she spoke to is saying they want the 6 payments monthly, no lump sums, whether she has the car or not? Ideally she would like to pay the 6 months now and have less monthly outgoings which will affect her mortgage application.
Has anyone else had this experience? Is there another option? Thank you in advance and sorry for a thread hijack, it may be of interest to others though?
If she still wants the car, get her to transfer the 6m money to you, and change the DD account to yours. Then she won't have them on her account.My daughter has 6 months left on her personal lease with Arval on a BMW.
After a split with her partner she needs to apply for a mortgage. So wants to reduce financial commitments.
She has rang Arval and asked if she can pay them the 6 months left in one lump sum, they so no. She asked could she hand car back, yes but she has to pay remaining payments, ok expected. She also asked she transfer to someone else, told no.
So the guy she spoke to is saying they want the 6 payments monthly, no lump sums, whether she has the car or not? Ideally she would like to pay the 6 months now and have less monthly outgoings which will affect her mortgage application.
Has anyone else had this experience? Is there another option? Thank you in advance and sorry for a thread hijack, it may be of interest to others though?
As for the DD idea, I will certainly do that, even though the reference may be the same my account and bank would obviously be different. But if will work then it is an option.
Edit to add she didn't speak to the lease company it was Arval she spoke to.
Harry Flashman said:
Chaps, I have never leased a car, so forgive some basic questions.
My mother needs a new car - her 2003 Audi RS6 is frankly past its last legs and despite her sentimental attachment to it (it was my Dad's) it has to go. Too unreliable, and too far expensive to run.
She wants another Audi, probably an A6 saloon or A7 sportback.
I was thinking that a lease may be her best option: she has her own business that the car can be run through, or she can go personal.
Anyone have a go-to place for Audi? I'd like minimum hassle for her, so a service package/tax etc would be great (which is more standard in PCH I think?)
Her other option is financing a car through the approved used network of course. She is not wedded to brand new, but it does need warranty etc. Personally, I think she should just have a new car.
Diesel preferred (although not essential if she can get decent economy), has to be automatic.
Any tips helpful! I am searching through google as well. I aso need her to speak to her accountant about whether leasing through the business is the best plan or not: I have no idea what the tax implications are. She does about 8000 miles a year, her daily commute is about 20 miles in total, so needs to have a 10,000 mile limit on it, 5000 won't be enough.
Her nearest Audi dealer is in Camberley. I'm arranging some test drives etc, but wouldn't mind some input from anyone who knows more about this than I do (which is anyone posting on this thread!).
Help appreciated.
The mileage issue isn't huge with Audi - she can just pay the 7.2 ppm for the extra. At 8k miles p.a. that would be £432 at the end of the contract.My mother needs a new car - her 2003 Audi RS6 is frankly past its last legs and despite her sentimental attachment to it (it was my Dad's) it has to go. Too unreliable, and too far expensive to run.
She wants another Audi, probably an A6 saloon or A7 sportback.
I was thinking that a lease may be her best option: she has her own business that the car can be run through, or she can go personal.
Anyone have a go-to place for Audi? I'd like minimum hassle for her, so a service package/tax etc would be great (which is more standard in PCH I think?)
Her other option is financing a car through the approved used network of course. She is not wedded to brand new, but it does need warranty etc. Personally, I think she should just have a new car.
Diesel preferred (although not essential if she can get decent economy), has to be automatic.
Any tips helpful! I am searching through google as well. I aso need her to speak to her accountant about whether leasing through the business is the best plan or not: I have no idea what the tax implications are. She does about 8000 miles a year, her daily commute is about 20 miles in total, so needs to have a 10,000 mile limit on it, 5000 won't be enough.
Her nearest Audi dealer is in Camberley. I'm arranging some test drives etc, but wouldn't mind some input from anyone who knows more about this than I do (which is anyone posting on this thread!).
Help appreciated.
Edited by Harry Flashman on Monday 1st August 15:56
For cash, a new A6 2.0 TDi SE automatic saloon is £25,693 via DriveTheDeal. Given that she's had the last car for so long, she's probably better off buying this and keeping it until it is getting on. If that's ten years away and she gets £2k for it in 2026, it will have cost her ~£200 a month.
The cheapest leased A6 I can find is here
http://www.ultimatevehicleleasing.co.uk/show/vehic...
That works out at £312/month once you take the deposit into account. Still worth considering if she's likely to change after less than about four or five years.
Her P11D contribution on a company car is likely to be £100/£200 a month depending on whether she is a basic or higher rate taxpayer. Against that, the business could offset the lease cost and potentially claim back half the VAT - and a quick (non-qualified) calculation suggests that that would be about £85 in total, so probably cheaper for her to go down the personal lease route.
senorblm said:
If it is a lease and not PCP I didnt think that it was viewed in the same way for mortgage applications because you are not financing the full value of the car.
Obviously individual circumstances but I would talk to the mortgage adviser on the likely impact of having it in her outgoings. If she has funds to pay the 6 months upfront then it seems silly that something like that would have a massive impact the lending decision
Unfortunately it does have an impact on the application for a mortgage, as a lease, pcp or whatever is basically finance.Obviously individual circumstances but I would talk to the mortgage adviser on the likely impact of having it in her outgoings. If she has funds to pay the 6 months upfront then it seems silly that something like that would have a massive impact the lending decision
Agreed about being silly, but lending is stricter now and often a case of "the computer says no".
Easier to shed the payments by paying them off if she can?
Beefmeister said:
rongagin said:
Sorry if this is the wrong thread to ask for advice, if very wrong then please advise where is better.
My daughter has 6 months left on her personal lease with Arval on a BMW.
After a split with her partner she needs to apply for a mortgage. So wants to reduce financial commitments.
She has rang Arval and asked if she can pay them the 6 months left in one lump sum, they so no. She asked could she hand car back, yes but she has to pay remaining payments, ok expected. She also asked she transfer to someone else, told no.
So the guy she spoke to is saying they want the 6 payments monthly, no lump sums, whether she has the car or not? Ideally she would like to pay the 6 months now and have less monthly outgoings which will affect her mortgage application.
Has anyone else had this experience? Is there another option? Thank you in advance and sorry for a thread hijack, it may be of interest to others though?
If she still wants the car, get her to transfer the 6m money to you, and change the DD account to yours. Then she won't have them on her account.My daughter has 6 months left on her personal lease with Arval on a BMW.
After a split with her partner she needs to apply for a mortgage. So wants to reduce financial commitments.
She has rang Arval and asked if she can pay them the 6 months left in one lump sum, they so no. She asked could she hand car back, yes but she has to pay remaining payments, ok expected. She also asked she transfer to someone else, told no.
So the guy she spoke to is saying they want the 6 payments monthly, no lump sums, whether she has the car or not? Ideally she would like to pay the 6 months now and have less monthly outgoings which will affect her mortgage application.
Has anyone else had this experience? Is there another option? Thank you in advance and sorry for a thread hijack, it may be of interest to others though?
My understanding is that most lenders will disregard any loans etc with less than 6 months to run
MullacAbz said:
fataitch said:
I'm guessing you boys didn't bother calling leaseplango then ? From memory £260 on a 3/23 for 6k miles, no fees. Excess miles were a little on the high side, but only about 9p/mile if you paid upfront.
On a like for like for S3 Sportback S Tronic with metallic paint, 3+23 and 8000 miles Leaseplango were £311 and Vesoruce were £325. Two things that swung it for me:- Lease plan go excess of 21p per mile compared to 12p on Vesource
- Leaseplango wanted the full option price to add privacy glass (£550), Vesource only added on £150
By the time you took the above into account it made more sense to go with Vesource.
clio007 said:
fataitch said:
JD said:
MullacAbz said:
It is the same deal, it is the one I signed up for at the beginning of June.
EDIT: Broker also sent through the audi order number so I can track the build online, currently in for build week 38 (19th September).
Snap, 26th of September for mine EDIT: Broker also sent through the audi order number so I can track the build online, currently in for build week 38 (19th September).
Edited by MullacAbz on Friday 29th July 17:00
I know, £6750 is way too cheap, it was £6760; and it is a great deal. 20.9% of rrp, 24.3% of discounted price (orange wheels).
Edited by clio007 on Monday 1st August 09:44
Trabi601 said:
With admin, works out at £227.50 per month all-in.
Isn't it £222.49? lease maths, I could be wrong: (2400+180+(23*119.99))/24 ?Either way, this seems to be £20pm *cheaper* than the price for these A4 1.4T FSI Sports when first available a few months ago.
So I also make it one of the best value lease deals going.
Harry Flashman said:
She wants another Audi, probably an A6 saloon or A7 sportback.
I was thinking that a lease may be her best option: she has her own business that the car can be run through, or she can go personal.
Anyone have a go-to place for Audi?
Diesel preferred
Might be worth a browse of Stable, which has a particularly well laid out site for browsing Ze Germans:I was thinking that a lease may be her best option: she has her own business that the car can be run through, or she can go personal.
Anyone have a go-to place for Audi?
Diesel preferred
http://www.stablevehiclecontracts.co.uk/audi-leasi...
beeej said:
Harry Flashman said:
She wants another Audi, probably an A6 saloon or A7 sportback.
Another RS6?http://www.stablevehiclecontracts.co.uk/audi-rs6-a...
Harry Flashman said:
Chaps, I have never leased a car, so forgive some basic questions.
My mother needs a new car - her 2003 Audi RS6 is frankly past its last legs and despite her sentimental attachment to it (it was my Dad's) it has to go. Too unreliable, and too far expensive to run.
She wants another Audi, probably an A6 saloon or A7 sportback.
I was thinking that a lease may be her best option: she has her own business that the car can be run through, or she can go personal.
Anyone have a go-to place for Audi? I'd like minimum hassle for her, so a service package/tax etc would be great (which is more standard in PCH I think?)
Her other option is financing a car through the approved used network of course. She is not wedded to brand new, but it does need warranty etc. Personally, I think she should just have a new car.
Diesel preferred (although not essential if she can get decent economy), has to be automatic.
Any tips helpful! I am searching through google as well. I aso need her to speak to her accountant about whether leasing through the business is the best plan or not: I have no idea what the tax implications are. She does about 8000 miles a year, her daily commute is about 20 miles in total, so needs to have a 10,000 mile limit on it, 5000 won't be enough.
Her nearest Audi dealer is in Camberley. I'm arranging some test drives etc, but wouldn't mind some input from anyone who knows more about this than I do (which is anyone posting on this thread!).
Help appreciated.
https://www.selectcarleasing.co.uk/car-leasing/audi/a7/hatchback/30_tdi_ultra_s_line_5dr_s_tronic/65466.htmlMy mother needs a new car - her 2003 Audi RS6 is frankly past its last legs and despite her sentimental attachment to it (it was my Dad's) it has to go. Too unreliable, and too far expensive to run.
She wants another Audi, probably an A6 saloon or A7 sportback.
I was thinking that a lease may be her best option: she has her own business that the car can be run through, or she can go personal.
Anyone have a go-to place for Audi? I'd like minimum hassle for her, so a service package/tax etc would be great (which is more standard in PCH I think?)
Her other option is financing a car through the approved used network of course. She is not wedded to brand new, but it does need warranty etc. Personally, I think she should just have a new car.
Diesel preferred (although not essential if she can get decent economy), has to be automatic.
Any tips helpful! I am searching through google as well. I aso need her to speak to her accountant about whether leasing through the business is the best plan or not: I have no idea what the tax implications are. She does about 8000 miles a year, her daily commute is about 20 miles in total, so needs to have a 10,000 mile limit on it, 5000 won't be enough.
Her nearest Audi dealer is in Camberley. I'm arranging some test drives etc, but wouldn't mind some input from anyone who knows more about this than I do (which is anyone posting on this thread!).
Help appreciated.
Edited by Harry Flashman on Monday 1st August 15:56
With personal lease is it worth including maintenance ? Also , a friend of mine can get Motability @£230 pm) , but he does low miles(less than 8k pa) -so is he better off with personal lease ? Also his max deposit(advance payment) for Motability would be no more than £500 he wants to pay.
His insurance would be okay as he is over 40 but high risk are but reckon on between £500 -£1200 for that.
His insurance would be okay as he is over 40 but high risk are but reckon on between £500 -£1200 for that.
beeej said:
Trabi601 said:
With admin, works out at £227.50 per month all-in.
Isn't it £222.49? lease maths, I could be wrong: (2400+180+(23*119.99))/24 ?Either way, this seems to be £20pm *cheaper* than the price for these A4 1.4T FSI Sports when first available a few months ago.
So I also make it one of the best value lease deals going.
Seems like a decent deal, although I'm not convinced you'd want a small TSI engine in something as big and heavy as an A4.
Telecaster_ said:
Completely inexperienced with car leasing, are most of you business users or are these personal leases?
Personal leases. To generalise, you might get a business lease if you were a VAT registered business. #LMGTFYTelecaster_ said:
Thinking about it but don't really have a car in mind, but would be interested in something quick that is on a good deal.
Well the last page had the Audi A4 on it which is a better than average deal. And a good example of what we say most lease deals are: a compromise (the A4 is Sport trim not S-Line, a 1.4 petrol not a 2.0, etc). So read back a few pages, or read over the next few days, so that you start to get a feel for what we think is a deal and what isn't.beeej said:
Well the last page had the Audi A4 on it which is a better than average deal. And a good example of what we say most lease deals are: a compromise (the A4 is Sport trim not S-Line, a 1.4 petrol not a 2.0, etc). So read back a few pages, or read over the next few days, so that you start to get a feel for what we think is a deal and what isn't.
I was thinking 300bhp or up and £300p/m or under.Harry Flashman said:
Chaps, I have never leased a car, so forgive some basic questions
Any tips helpful! I am searching through google as well. I aso need her to speak to her accountant about whether leasing through the business is the best plan or not: I have no idea what the tax implications are. She does about 8000 miles a year, her daily commute is about 20 miles in total, so needs to have a 10,000 mile limit on it, 5000 won't be enough.
Her nearest Audi dealer is in Camberley. I'm arranging some test drives etc, but wouldn't mind some input from anyone who knows more about this than I do (which is anyone posting on this thread!).
Help appreciated.
For Audis I have found the cheapest deals at Claris, Nationwide and Vanarama.Any tips helpful! I am searching through google as well. I aso need her to speak to her accountant about whether leasing through the business is the best plan or not: I have no idea what the tax implications are. She does about 8000 miles a year, her daily commute is about 20 miles in total, so needs to have a 10,000 mile limit on it, 5000 won't be enough.
Her nearest Audi dealer is in Camberley. I'm arranging some test drives etc, but wouldn't mind some input from anyone who knows more about this than I do (which is anyone posting on this thread!).
Help appreciated.
Edited by Harry Flashman on Monday 1st August 15:56
Biggest "issue" with buying or leasing new A6's eems to be availability - seems to be about 4-6 months from date of order at the moment, but SE spec maybe better.
Has anyone on here had a response to an enquirer on the Nationwide site? The website is one of the better ones in my opinion and gives clear details both of the deals on offer and also of cars they say they have in stock. However I have sent a number of enquiries to them and yet to receive a response!
Ps yes, I know I can phone.
Ps yes, I know I can phone.
Gassing Station | Car Buying | Top of Page | What's New | My Stuff