Best Lease Car Deals Available? (Vol 5)

Best Lease Car Deals Available? (Vol 5)

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HMG1K

277 posts

74 months

Saturday 24th March 2018
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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 smile
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.

essayer

9,065 posts

194 months

Saturday 24th March 2018
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Econpro1 said:
M3/M4 on lease
I8 coupe on pcp
That’s a shame, I wanted an i3
Might have to settle for the M3 instead wink

rauf786

262 posts

102 months

Saturday 24th March 2018
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Any decent deals for an m3?

5to1

1,781 posts

233 months

Saturday 24th March 2018
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duff said:
^^ That must be the lowest post count per year ever....
3 Posts in 18 years, you might be waiting a long time for a response biggrin


5to1

1,781 posts

233 months

Saturday 24th March 2018
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Snippy said:
That's Yorkshire snow for you...
Oh wait, he's posted again. You should change your nick to "Bus"

bomster

183 posts

112 months

Sunday 25th March 2018
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essayer said:
Econpro1 said:
M3/M4 on lease
I8 coupe on pcp
That’s a shame, I wanted an i3

Might have to settle for the M3 instead wink
What would a good deal on an M4 lease look like in terms of a monthly figure (roughly of course)?

jacobyoung74

171 posts

90 months

Sunday 25th March 2018
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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].html

If it is better than that then I'd be interested. Not convinced it will get much better tbh.

Blown2CV

28,811 posts

203 months

Sunday 25th March 2018
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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.
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.

Bryan-bosn0

64 posts

97 months

Sunday 25th March 2018
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What gap insurance do people recommend on a 3 year lease for a £30k car..Thanks in advance

djc206

12,350 posts

125 months

Sunday 25th March 2018
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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 PISTON12

imdeman87

894 posts

107 months

Sunday 25th March 2018
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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 PISTON12
Or even better - MSE25

djc206

12,350 posts

125 months

Sunday 25th March 2018
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imdeman87 said:
Or even better - MSE25
Yep that would be a smarter move!

5to1

1,781 posts

233 months

Sunday 25th March 2018
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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 PISTON12
Or even better - MSE25
Worth checking on the usual comparison sites first. ALA aren't always the cheapest even after using these codes. But they will (or atleast did for us) match other quotes and still apply the code on top.

Robk999

74 posts

73 months

Sunday 25th March 2018
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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 lol

5to1

1,781 posts

233 months

Sunday 25th March 2018
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Robk999 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 lol
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 smile

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

104 posts

155 months

Sunday 25th March 2018
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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 smile

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.

5to1

1,781 posts

233 months

Sunday 25th March 2018
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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 smile

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.
That's how I understand it works as well. Residual Value (RV), amount being borrowed, interest and their profit defines what you pay. If you terminate early, everything is recalculated ensuring they are left in the same position. i.e. Adjust all the figures to ensure profit remains the same. Hence if the RV is higher then what they expected it to be, it could be worth taking the vehicle (provided the contract allows you to buy it). But can't imagine this happens often, given you have to factor in dealer margin when selling it on yourself.

I could be wrong, I'm which case i'm sure someone will soon post to say so biggrin

Econpro1

291 posts

104 months

Sunday 25th March 2018
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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].html

If it is better than that then I'd be interested. Not convinced it will get much better tbh.
This is pretty much the best price atm. I did a factory order 2 years ago and it was pretty much bang on this and hasn’t been cheaper since

MullacAbz

292 posts

99 months

Sunday 25th March 2018
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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.

Econpro1

291 posts

104 months

Sunday 25th March 2018
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Stu-nph26 said:
Econpro1 said:
essayer said:
Econpro1 said:
Also other M and i cars due to be supported over next coming months
ears on lease?
M3/M4 on lease
I8 coupe on pcp
How do you know this? I don’t think I’d be able to resist an M3 CP at a decent price
Just some insight from a dealer I spoke to when try to get a build slot for the new M2 cs. Apparently since November last year bmw have intermittently relaxed finance rules (whatever they may be) which has allowed some strong deals. General feeling was that these would become more widespread as we approach the summer. I’d be surprised if the M3/M4 go under £500 per month based on 9+23 with 10000 miles per annum as it seems to be the baseline minimum over the past 3-4 years. My previous m4 was £520 per month including options for a factory build and I haven’t seen it below that since.
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