Worst lease car deals

[2fast748]

Ok a bit of fun as I'm bored of looking for my next lease.

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


£12,007.82 Per Month, INC VAT
Rental Profile 9+35
Annual Mileage 20k Miles p/a
Initial Rental £108,070.38
Additional Fees £180.00

Making a grand total over the length of lease of £528,524.08.

[Jag_NE]

i think some of the ones posted as good ones are actually quite bad as the posters often talk in terms of % of rrp over the term, with rrp’s in many cases these days coming from a random number generator.

a more sensible measure would be % of market price for new/nearly new. i include nearly new as if you are keeping it for two years it probably doesnt matter much if its done a thousand miles already.

[Gregmitchell]

Jag_NE said:

i think some of the ones posted as good ones are actually quite bad as the posters often talk in terms of % of rrp over the term, with rrp’s in many cases these days coming from a random number generator.

a more sensible measure would be % of market price for new/nearly new. i include nearly new as if you are keeping it for two years it probably doesnt matter much if its done a thousand miles already.

But you're not leasing a nearly new car so the comparison is pointless, if you could get the price to lease a nearly new car then yes.

It's like saying it's cheaper to buy a 10yr old car than a new car..

[MorganP104]

2fast748 said:

Ok a bit of fun as I'm bored of looking for my next lease.

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

£12,007.82 Per Month, INC VAT
Rental Profile 9+35
Annual Mileage 20k Miles p/a
Initial Rental £108,070.38
Additional Fees £180.00

Making a grand total over the length of lease of £528,524.08.

Blimey! I clicked that link expecting to see a Rolls Royce, Ferrari, McLaren, or something similar.

But no, a Range Rover Sport DIESEL!!! Good grief!!!

[Fastdruid]

2fast748 said:

Ok a bit of fun as I'm bored of looking for my next lease.

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

£12,007.82 Per Month, INC VAT
Rental Profile 9+35
Annual Mileage 20k Miles p/a
Initial Rental £108,070.38
Additional Fees £180.00

Making a grand total over the length of lease of £528,524.08.

Impressively bad! What I particularly love there is that the initial rental is more than the car would be if you waltzed into the dealers and paid cash!

[Jag_NE]

Gregmitchell said:

But you're not leasing a nearly new car so the comparison is pointless, if you could get the price to lease a nearly new car then yes.

It's like saying it's cheaper to buy a 10yr old car than a new car..

What value do you think most people place on a new vs nearly new when the car is not owned and will still be mint and smell new, and they don’t own it? Very little.

[VAGLover]

Jag_NE said:

What value do you think most people place on a new vs nearly new when the car is not owned and will still be mint and smell new, and they don’t own it? Very little.

Even if I was leasing, I’d would want new

[Jag_NE]

VAGLover said:

Even if I was leasing, I’d would want new

absolutely agree, its a preference. but if someone says a lease deal cost them x% of list price over the term then in (some) cases they are kidding themselves when a nearly new car is many thousands less. unless they personally value the couple or months of prior usage at many thousands of pounds.