Personal lease deal fiasco and is it legal ?

[TJC46]

Hi guys getting really pised off with the advertised personal lease deals that turn out to be anything but that.

They are advertised as a personal deal but when you try to actually get the deal it comes with typical small print like.............

"RESTRICTIONS: Personal Contract Hire offers are only available to Company Directors or those in receipt of a Personal Car Allowance" !

How can this be a personal deal ? I would like a personal deal on a mini cooper for the wife, but only if can meet the above criteria.

Link here : https://www.contracthireandleasing.com/main-dealer...

So again i ask....how is this a personal deal when it does not apply to me.

I have a personal lease deal myself on a very nice Scirocco R which came with no such RESTRICTIONS.

It also pises me off that the main culprits for this fiasco are BMW and their subsidiary BMW MINI.

I stand to be corrected but i thought recent legislation states that car manufacturers must offer the same rates for Business / Personal lease deals with the

only difference being the vat on a personal deal.

....how are BMW and BMW MINI getting away with this ?

VW recently addressed this very issue and now offer all lease deals exactly the same but for the vat.

AS DO NEARLY ALL OF THE OTHER CAR MANUFACTURERS.

I ask the question to the more knowledgeable of you out there.....IS THIS LEGAL....... and if not how can we, who are all out for great lease deals, be they

business or personal change things ?

Edited by TJC46 on Friday 19th January 20:00

[Pistonheader101]

Then dont go for it?

[TJC46]

Pistonheader101 said:

Then dont go for it?

There was some serious thought put into that answer.

I will not being taking out a lease with BMW mini until they follow other car manufacturers and offer "proper" personal deals without

restrictions.

If you read the post I was asking how do BMW get away with this, not should I take the deal

[quinny100]

BMW’s leasing arm Alphabet have this stipulation. I’m fairly sure the purpose is to protect dealer retail margins for private customers whilst still having an outlet for cars that wouldn’t sell so easily to retail customers.

Lease companies should offer the same rates to personal and business customers, but there is no requirement for them to supply personal customers if they don’t wish to do so.

Edited by quinny100 on Saturday 20th January 14:21

[numtumfutunch]

quinny100 said:

BMW’s leasing arm Alphabet have this stipulation. I’m fairly sure the purpose is to protect dealer retail margins for private customers whilst still having an outlet for cars that wouldn’t sell so easily to retail customers.

Lease companies should offer the same rates to personal and business customers, but there is no requirement for them to supply personal customers if they don’t wish to do so.

Edited by quinny100 on Saturday 20th January 14:21

My BMW lease car is from Alphabet through a broker
Its a personal lease and I am about as powerfully built as I am a company director

Id often thought it a little unusual as Alphabet seem quiet on the personal lease front however the deal is completely legit as far as I can see and the paperwork was all done directly with Alphabet after the initial introduction. It was also 10-20% better value than just about every other advertised deal at the time.

Im not sure what the above means.
Have I somehow got a 'directors' deal or was my broker just a tad more clever than the rest?

Cheers

[Funk]

I got a quote on an M140i and was set to go ahead when I suddenly got hit with that stipulation; incredibly frustrating. The stupid thing is that the money's the same whether it's classed as a car allowance or not - an employer isn't underwriting the deal as it's personal. Using personal money.

The daft thing for BMW is that as a result, after years of driving BMWs and in a position to get a new one they've now lost a sale and I'm now awaiting delivery of a car from a different manufacturer. With new car sales in decline I'd have thought they'd be doing everything they could to win business.

[blank]

Register a limited company and become a "company director".

As long as the lease doesn't have to go through the company and you can pay it personally you won't get stung with BIK tax.

[Some Gump]

Op,

You have a brilliantly unhinged posting style. If it's satire then 11/10. If not, can I suggest going for a run / hitting a punchbag? You shouldn't get this wound up about something so trivial - trying to book a flight (and the last minute charges) would make your mind melt!

[Dolf Stoppard]

I'd ask them to explain it. If I didn't like the answer, I'd go elsewhere and tell them what I'd bought instead.