Would you pay your entire lease in advance?

[Pistonheadsdicoverer]

Would you pay your entire lease upfront if you were given a significant discount?
Nobody does it right now but I'm curious to find out.

e.g. Ford Capri
A 4 year deal with 1 month initial rental costs £15,461
A 4 year deal with 12 month initial rental costs £15,081
If you were offered a 4 year deal for £14,500 (pay upfront), would you do it?

Vauxhall Frontera
£4761 on (1+23)
£4639 on (12+23)
Would you bite at £4500 at (24+0)

[sixor8]

No, because £14500 would earn over £500 per year in interest, even with rates dropping.

[CMTMB]

No.

A big part of the appeal when leasing is being able to leave my savings / investments untouched.

If I was going to spend £15k in one go I would just buy a £15k car.

[barryrs]

Seems it could get complicated if the car was written off too.

[shtu]

Also, if the lease firm have all your money upfront, what incentive do they have to fix any problems that occur?

[Pistonheadsdicoverer]

All good input. I agree that £14K is a lot but if I could wriggle a decent saving on a cheap runner for 2 or 4 years, I would consider.

[ADJimbo]

I looked into this with Contract Hire on behalf of a company I do some work for. They wanted to contract-hire a couple of Citroen C1 type vehicles, but owing to the unique structure of their business - they were very cash rich but very credit worthy poor.

The logic being that they wanted to pay the deposit and 35 x rentals up front, and in one go.

They struggled to find a Lessor who would even entertain it, let alone agree to it. I could not bend them either, so it fell by the wayside in the end.

I have a personal friend in the leasing arm of a large manufacturer, and he said it was also no-go as an industry. The logic being that they wanted to ‘hear’ from the lessee once a month in the form of a monthly payment, as it protected them against theft / fraud / conversion theft etc.