£420 a month as a lease figure.

[ArmaghMan]

Folks,
work is introducing a co. car scheme.
The deal is you can lease up to £420 a month and do up to 20k miles a year (too complicated to explain all the ins and outs) but the lease co. seem to be unable to come up with anything half decent.
What I really want is some ammo to fight with. Other threads seem to talk of great deals on very tasty metal, but they are all 3 + 33 or 6 + 33 or even based on 2 years
I'm interested in 3 year deals with no deposit. The co. is strong enough to not need to pay a deposit.

Any info/thoughts/advice or links to co's doing straightforward deals will be very much appreciated.


Thanks

[miniman]

You need to be more specific about what sort of thing you're after. I've just spent £250/month on a 3 + 36 and am very happy.

[5678]

Including or excluding?

[Deva Link]

Does the £420 inc full maint & tyres?

What sort of cars are being offered?

What are they likely to do is you come up with something else - will your firm buy from some random lease company?

[ArmaghMan]

Sorry folks I now realise that the original post lacked some salient details.

The £420 includes VAT and the term is 3 years. All maintenance is included.

as far as I can tell my choice is limited to mid range golfs/astras/insignias etc.
There are no restrictions othere than the £420 per month so a mini cooper or polo GTi also seem to be in the mix. The 20k miles is what I reckon I'll do. some of the 2office2 staff on tidly mileages are on some sort of deal for c class mercs.

thanks for your help/replies

[5678]

IMO, you won't get into anything "premium" for that sort of budget with those requirements (maintenance & 20k pa)

Even a cooper S will be pushing it I'd imagine?

[5678]

Try looking at the SLK? There are a good few deals on those at the mo. Also some C class offers that might come in for budget?

[miniman]

5678 said:

IMO, you won't get into anything "premium" for that sort of budget with those requirements (maintenance & 20k pa)

Even a cooper S will be pushing it I'd imagine?

My Cooper D + leather + paint + wheels is £250 on 3+36 10k maintenance so I would imagine you could easily get it on 20k. Incidentally, according to BMW, ALL Minis leased get the maintenance included.

[Fox-]

miniman said:

Incidentally, according to BMW, ALL Minis leased get the maintenance included.

They mean they'll come with a TLC package which includes 5 years servicing. It wont include tyres which a maintained lease typically does?

[5678]

Cooper D, with Chilli pack, 20k pa and Maint. £425pcm @ Nationwide so could probably be bettered elsewhere.

[Jerry Can]

We have a similar amount to work with at my place of work. You would be looking at a passat estate for that kind of money.

Couple of things tho, are you allowed to put some of your own money into the monthly lease? Also it might be worth asking for the terms to be fair for everyone. Those people on 10 k pa, a don't really need a car and b, should also be asked to quote at 20k pa

[GT03ROB]

You could do worse than talk to BMW direct. We've just switched company car provider to BMW, as they offered reasonable cars. £420/month would get a 320d with Leather, on 22.5kpa, no deposit, Ok 60 months, but all insurance, tax, maintenance, tyres, etc., covered.

[miniman]

Fox- said:

miniman said:

Incidentally, according to BMW, ALL Minis leased get the maintenance included.

They mean they'll come with a TLC package which includes 5 years servicing. It wont include tyres which a maintained lease typically does?

Fair comment.

[SWoll]

5678 said:

IMO, you won't get into anything "premium" for that sort of budget with those requirements (maintenance & 20k pa)

Even a cooper S will be pushing it I'd imagine?

Yep, once you add on the extra mileage (most deals are 10K PA), maintenance and no deposit to lower the payments then £420 won't go very far TBH.

As an example I'm looking at a deal on a MB E350CDi Sport wagon at £475 per month for 3 + 36 non maintenance, 20K PA which is a very good price.

Without deposit and with maintenance I reckon that figure would be easily £6-650 a month.

5678 said:

Cooper D, with Chilli pack, 20k pa and Maint. £425pcm @ Nationwide so could probably be bettered elsewhere.

Sounds like a lot of money to me for what is effectively a small diesel hatchback that retails at approx £18K.

If that is a standard 3 + 36 deal your paying £16,500 to use it for 3 years....

Edited by SWoll on Thursday 15th March 10:35

[5678]

SWoll said:

Sounds like a lot of money to me for what is effectively a small diesel hatchback that retails at approx £18K.

If that is a standard 3 + 36 deal your paying £16,500 to use it for 3 years....

Edited by SWoll on Thursday 15th March 10:35

It's the mileage that kills it. A 30k MINI is no problem. A 60k MINI would struggle at a dealer.

Something like the 320d mentioned above sounds a good option.

[ArmaghMan]

GT03ROB said:

You could do worse than talk to BMW direct. We've just switched company car provider to BMW, as they offered reasonable cars. 420/month would get a 320d with Leather, on 22.5kpa, no deposit, Ok 60 months, but all insurance, tax, maintenance, tyres, etc., covered.

You Sir are a star. exactly what I wanted. Shall now use this to fight for a better deal from the co. which has our contract.

many, many thanks

[Deva Link]

GT03ROB said:

You could do worse than talk to BMW direct. We've just switched company car provider to BMW, as they offered reasonable cars. 420/month would get a 320d with Leather, on 22.5kpa, no deposit, Ok 60 months, but all insurance, tax, maintenance, tyres, etc., covered.

Does that include VAT? Seems *very* cheap bearing in mind vehicles with the wear & tear of 5 years of a company car and over 100K miles on them are going to be worth buttons.

I know prices are all over the place but we were paying that amount a few yrs ago for 3yrs/90K miles, without insurance and before VAT. And that was a mixed fleet of over 100 cars.

[Welshbeef]

Deva Link said:

Does that include VAT? Seems *very* cheap bearing in mind vehicles with the wear & tear of 5 years of a company car and over 100K miles on them are going to be worth buttons.

I know prices are all over the place but we were paying that amount a few yrs ago for 3yrs/90K miles, without insurance and before VAT. And that was a mixed fleet of over 100 cars.

Could it be the last few E90 they are selling off cheap?
Otherwise if it's the new shape ? Well it is five years not three years so it's not all that cheap is it.

[Deva Link]

Welshbeef said:

Could it be the last few E90 they are selling off cheap?
Otherwise if it's the new shape ? Well it is five years not three years so it's not all that cheap is it.

It could be the old model, otherwise it's very cheap, even at 420 ex-VAT (the OP wanted 420 inc VAT). Full maint inc tyres, and insurance, has got to be the best part of 100/mth. I've not seen leasing including insurance, but maybe some lease companies offer it as a package.

If it is the old model then the offer will be very short lived.

[wobert]

As an example of what a high mileage does to leasing costs, I had my Audi A4 requoted from the original 120k / 4yr lease to 150k / 3 years.

The cost went from 552 pm to 738 pm.

Both prices include full maintainance.