Best Lease Car Deals Available? (Vol 5)
Discussion
SPD14 said:
I ordered the same car back in Jan at approx £282pm on a 3+23 deal. Cancelled it last week after being told they couldn’t guarantee when it would arrive. Not sure if there’s an issue with the 1.4 TFSI, but I didn’t fancy waiting any longer with no news/order number/build week etc.
Back to the drawing board
How long did you wait? I ordered a 2.0 TFSI manual S-Line, with rear camera as an option for £303 on a 3+23 on 6k miles, on the 1st Feb. Checking the online Audi build checker, I'm still a 00 status, no build week. But others say not to worry as they build and ship in 36 hours. I was promised 3-4 months. Back to the drawing board
bomster said:
What would a good deal on an M4 lease look like in terms of a monthly figure (roughly of course)?
https://www.vehiclesavers.com/hot-stock-offers/bmw/m4-coupe/m4-2dr-dct-[competition-pack].htmlIf it is better than that then I'd be interested. Not convinced it will get much better tbh.
TomScrut said:
Blown2CV said:
well you can't, directly, but if you look that is being run by BCA who are the auction house who manage the assessment, collection, marketing and sale of the vehicle you return. There will be something they've possibly agreed with VWFS (or maybe they don't have to) that when they automatically 'take control' of your vehicle and buy it from VWFS (possibly on the day of return), they can sell it however and to whomever they want. They've probably worked out that it's at least worth sending you a letter, as they can likely sell a percentage of these returning cars for more money than they'd have gone for at auction+fees, and not even have to see or touch the damn thing!
Exactly, I have only heard reports of VWFS (or BCA in disguise perhaps) of being ambitious with their buy direct offers.imdeman87 said:
djc206 said:
Bryan-bosn0 said:
What gap insurance do people recommend on a 3 year lease for a £30k car..Thanks in advance
Plug your numbers into the ALA website and use code PISTON12Robk999 said:
Blown2CV said:
it will not be a particularly cheap opportunity because it is a ridiculously convenient way to buy a 2 year old car that you know intimately. The people who will be interested will be interested for that reason i'm sure.
That's the reason I wouldn't buy mine lolI may be wrong, but I don't believe they can just make up the settlement figure, it's calculated based on the initial metrics (amount borrowed, RV, interest rate, etc). Hence there is a chance it will be lower then current market value. However, unless they got a huge discount on the vehicle, a lower then market value settlement figure probably means you've payed quite a bit on the lease already. In other words if intention is to buy, you may as well do that in the first place rather then leasing it for two years first.
5to1 said:
Might be worth getting a settlement figure first. Although perhaps you can't buy it directly if you take up the offer. The settlement figure on a C Class (MBFS rather then VWFS) was ~WBAC price. My Dad ended up buying it, driving around for a few months and then selling to franchised dealer for couple of £k profit
I may be wrong, but I don't believe they can just make up the settlement figure, it's calculated based on the initial metrics (amount borrowed, RV, interest rate, etc). Hence there is a chance it will be lower then current market value. However, unless they got a huge discount on the vehicle, a lower then market value settlement figure probably means you've payed quite a bit on the lease already. In other words if intention is to buy, you may as well do that in the first place rather then leasing it for two years first.
Remember also that the cars value once the lease is finished will be at least predicted if not set before the car is ordered by the leasing company so the depreciation can be factored into the leasing cost over the term. Much like the GFV calculated as part of a PCP. If you’re going to buy a new car and rent it out to somebody, as a minimum you will want to know what it’s going to be worth when it comes back to you.I may be wrong, but I don't believe they can just make up the settlement figure, it's calculated based on the initial metrics (amount borrowed, RV, interest rate, etc). Hence there is a chance it will be lower then current market value. However, unless they got a huge discount on the vehicle, a lower then market value settlement figure probably means you've payed quite a bit on the lease already. In other words if intention is to buy, you may as well do that in the first place rather then leasing it for two years first.
Markee68 said:
5to1 said:
Might be worth getting a settlement figure first. Although perhaps you can't buy it directly if you take up the offer. The settlement figure on a C Class (MBFS rather then VWFS) was ~WBAC price. My Dad ended up buying it, driving around for a few months and then selling to franchised dealer for couple of £k profit
I may be wrong, but I don't believe they can just make up the settlement figure, it's calculated based on the initial metrics (amount borrowed, RV, interest rate, etc). Hence there is a chance it will be lower then current market value. However, unless they got a huge discount on the vehicle, a lower then market value settlement figure probably means you've payed quite a bit on the lease already. In other words if intention is to buy, you may as well do that in the first place rather then leasing it for two years first.
Remember also that the cars value once the lease is finished will be at least predicted if not set before the car is ordered by the leasing company so the depreciation can be factored into the leasing cost over the term. Much like the GFV calculated as part of a PCP. If you’re going to buy a new car and rent it out to somebody, as a minimum you will want to know what it’s going to be worth when it comes back to you.I may be wrong, but I don't believe they can just make up the settlement figure, it's calculated based on the initial metrics (amount borrowed, RV, interest rate, etc). Hence there is a chance it will be lower then current market value. However, unless they got a huge discount on the vehicle, a lower then market value settlement figure probably means you've payed quite a bit on the lease already. In other words if intention is to buy, you may as well do that in the first place rather then leasing it for two years first.
I could be wrong, I'm which case i'm sure someone will soon post to say so
jacobyoung74 said:
bomster said:
What would a good deal on an M4 lease look like in terms of a monthly figure (roughly of course)?
https://www.vehiclesavers.com/hot-stock-offers/bmw/m4-coupe/m4-2dr-dct-[competition-pack].htmlIf it is better than that then I'd be interested. Not convinced it will get much better tbh.
Econpro1 said:
Pcp is currently:
£4K deposit
£420 per month
10,000 miles per annum
24/36 months (price equal on both terms)
Interest rate - 3.5%
Dealers have been given remit to be more aggressive on pricing for a set period. BMW Rochdale had approx 10 m2’s available with more coming into stock. Also other M and i cars due to be supported over next coming months
Let's hope for some £500 a month M4's. The current best lease amortised is around £640.£4K deposit
£420 per month
10,000 miles per annum
24/36 months (price equal on both terms)
Interest rate - 3.5%
Dealers have been given remit to be more aggressive on pricing for a set period. BMW Rochdale had approx 10 m2’s available with more coming into stock. Also other M and i cars due to be supported over next coming months
Stu-nph26 said:
Econpro1 said:
essayer said:
Econpro1 said:
Also other M and i cars due to be supported over next coming months
on lease?I8 coupe on pcp
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