Best Lease Car Deals Available? (Vol 5)

Best Lease Car Deals Available? (Vol 5)

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Digitalx

131 posts

77 months

Monday 28th May 2018
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soupdragon1 said:
hehe
At least the pipes behind are real in this instance smile

There are so many cars now with fake pipes I have to admit I actually try and see which are real and which aren't while I'm sitting behind them in traffic. eek
Such as the alltrack for one hey lol

anonymous-user

55 months

Monday 28th May 2018
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neil-c said:
That’s what I’ve gone for, comes in a week or so. Golf R had to go back and I just couldn’t find anything that really appealed at a sensible price. Was left looking at stock cars and ended up between the Mazda, a Focus ST line 1.0 and a golf 1.4 TSI. When I went to look at them the Mazda won it pretty much for the good standard kit. Still looks pretty sharp too in Sport trim.
That Mazda 3 2.0 sport deal is a great shout. I took one for a test drive and it was a lot of fun. The engine and gearbox were very smooth and the handling was fun. At 200 a month it's a bargain but was just too small for my needs. It looks good in black.

The interior is a really high quality and looks gorgeous.

It was almost as fun as the wife's cooper s!

(I used the word fun a lot but sums the car up)

benemm

16 posts

73 months

Monday 28th May 2018
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oldnbold said:
My eldest daughter is looking at this deal on the Skoda Karoq SE Technology from Simpson's Skoda, often mentioned in these parts. This seems the best we can find at the moment.

https://www.simpsonsskoda.co.uk/pch-offers/karoq-s...

Initial payment of £2490 then 23 x £169 for 8k miles pa

Anyone aware of any better deals on this or something simular.
That seems a little high to me. Leasehub (were at least a week ago) doing £181 on a 9+23 for the SE tech. When i rang around dealers, people were willing to match it without leasehubs fee.

But, and it's a big but, factory orders for the 1.0 were booking in for the first week in December. You might get lucky and find one in stock somewhere, but the c.12 different dealer groups I spoke to didn't have any luck.

I'm just about to finalise an ateca 1.0 SE instead. Similar story with availability (although slightly shorter waiting times) but I managed to strike lucky with a solid paint match in stock. Works out at £5350 overall - about £400 less than the Karoq.

Hope helpful...

Jim20vt

51 posts

230 months

Monday 28th May 2018
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LegendaryGiT said:
Hi, I've just got off the phone with them and they are happy for me to let you know the details.

It's via Peugeot Derby (Robins and Day) and the chaps name you need to speak to is Nick Carter (Nicholas.Carter@Peugeot.com)

The price was actually £23,800 (Colour option ticked - not Coupe Franche). Bloke is sound as you like but be aware the cars are now scarce, poss 1 or 2 colour options available and pretty much already fully built.


Edited by LegendaryGiT on Monday 28th May 14:53
How did you find out about the deal if you don't mind me asking?

Thanjs

soupdragon1

4,069 posts

98 months

Monday 28th May 2018
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Digitalx said:
Such as the alltrack for one hey lol
Yep, had that for 2 years with its pretend pipes smile

anonymous-user

55 months

Monday 28th May 2018
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Jim20vt said:
How did you find out about the deal if you don't mind me asking?

Thanjs
I'm interested how you can see it, as it's been removed for apparent rule breaking?

Jim20vt

51 posts

230 months

Monday 28th May 2018
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Must have just happened then, not sure why tbh.

Jag_NE

2,993 posts

101 months

Monday 28th May 2018
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hoganscrogan said:
Punched the mango on a V90 momentum T4 with met. Paint and winter pack. 3x23 8k, 2018 model year, £38k list price. 2019's are out now with a bit more tech stuff so they are getting rid of the old ones.

£885 down
£295 monthly
£320 month amortised

Volvo Chaman up in York. Mine was their last one apparently (let me know if they sell you one!)

Delivery in 3 weeks

Had been set on tiguan or karoq/Kodiak but autos were coming in same or more and dealers kept saying they had none left or only higher spec. After looking at the Volvo today the vw group cars feel very cheap in comparison.

Also considered the xc60 but that was coming in at £2k down and about £330 a month on 24 months.

Edited by hoganscrogan on Saturday 26th May 21:22


Edited by hoganscrogan on Saturday 26th May 21:24
I am really trying to "get" leasing as I need to get a new car for my wife soon, I'm just struggling to see how the numbers stack up (please recalibrate me!).

This car is 7670 for 2 years. I can buy a nearly new (sub 10k 2017 car) for 25k looking at autotrader. Granted its diesel but as its euro6 I have no long term worries there, it will also get a long run every so often.

after 3 leasing cycles totalling 6 years I'm at break even but if I bought the car if id have a 6-7 year old car worth a big chunk of change still, run it or sell it. As the lease deals tend to favour low mileage users (my wife is 3-4k a year) if I bought one it would still be pretty mint at 6-7 years so very low risk of any major expense.

What am I not getting?

silentbrown

8,856 posts

117 months

Monday 28th May 2018
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Jag_NE said:
What am I not getting?
A new car every two years, to start with.

Plus, no hassle or worries about out-of warranty breakdowns
Fixed payments with no concern about residuals
...and the rest of the money you might have locked up in a car can be invested in something else.

It's absolutely not for everyone. But it can (if you find a great deal) be a very cheap way of getting a new car every couple of years, if that's important to you.

If you bought a one year old V90 and sold it for cash two years later, it would probably cost you more than leasing with the above deals.

Tomo1971

1,130 posts

158 months

Monday 28th May 2018
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Jag_NE said:
I am really trying to "get" leasing as I need to get a new car for my wife soon, I'm just struggling to see how the numbers stack up (please recalibrate me!).

This car is 7670 for 2 years. I can buy a nearly new (sub 10k 2017 car) for 25k looking at autotrader. Granted its diesel but as its euro6 I have no long term worries there, it will also get a long run every so often.

after 3 leasing cycles totalling 6 years I'm at break even but if I bought the car if id have a 6-7 year old car worth a big chunk of change still, run it or sell it. As the lease deals tend to favour low mileage users (my wife is 3-4k a year) if I bought one it would still be pretty mint at 6-7 years so very low risk of any major expense.

What am I not getting?
After the 6 years you will be driving a two year old car. Modern tech, safety, reliability and if your mileage is low, with the right car choice you won’t have had to service any of the three cars you have had in that time, quite possibly not even changed tyres.

Jag_NE

2,993 posts

101 months

Monday 28th May 2018
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silentbrown said:
Jag_NE said:
What am I not getting?
A new car every two years, to start with.

Plus, no hassle or worries about out-of warranty breakdowns
Fixed payments with no concern about residuals
...and the rest of the money you might have locked up in a car can be invested in something else.

It's absolutely not for everyone. But it can (if you find a great deal) be a very cheap way of getting a new car every couple of years, if that's important to you.

If you bought a one year old V90 and sold it for cash two years later, it would probably cost you more than leasing with the above deals.
fair enough, I'm just weighing up that my hypothetical 6-7 year old low mileage v90 will be worth 10k....so basically the benefits of leasing (that I don't deny) are costing me 10k over that 6 year cycle, I appreciate everyone will place different value on those benefits. I just cant expect that at 5k a year I will have any bills that will top 10k and residuals wise I don't see a benefit more than the risk.

Edited by Jag_NE on Monday 28th May 22:35

Jag_NE

2,993 posts

101 months

Monday 28th May 2018
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Tomo1971 said:
Jag_NE said:
I am really trying to "get" leasing as I need to get a new car for my wife soon, I'm just struggling to see how the numbers stack up (please recalibrate me!).

This car is 7670 for 2 years. I can buy a nearly new (sub 10k 2017 car) for 25k looking at autotrader. Granted its diesel but as its euro6 I have no long term worries there, it will also get a long run every so often.

after 3 leasing cycles totalling 6 years I'm at break even but if I bought the car if id have a 6-7 year old car worth a big chunk of change still, run it or sell it. As the lease deals tend to favour low mileage users (my wife is 3-4k a year) if I bought one it would still be pretty mint at 6-7 years so very low risk of any major expense.

What am I not getting?
After the 6 years you will be driving a two year old car. Modern tech, safety, reliability and if your mileage is low, with the right car choice you won’t have had to service any of the three cars you have had in that time, quite possibly not even changed tyres.
Yes that has some merit. I just cant see the servicing or tyres coming anywhere near to 10k saving or my hypothetical 2017 v90 being massively inferior over the next 6 years in terms of safety and tech. I can appreciate that if you just like a new car and place a 3k+ annual premium on the privilege that it makes sense. I just see a 6-7 year old car on the drive that will still be pretty mint and potentially even the current model still.

Venturist

3,472 posts

196 months

Monday 28th May 2018
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Jag_NE said:
Yes that has some merit. I just cant see the servicing or tyres coming anywhere near to 10k saving or my hypothetical 2017 v90 being massively inferior over the next 6 years in terms of safety and tech. I can appreciate that if you just like a new car and place a 3k+ annual premium on the privilege that it makes sense. I just see a 6-7 year old car on the drive that will still be pretty mint and potentially even the current model still.
Well keeping one car for that time at the end of a few lease cycles sees you in a car that’s been out of warranty 3-4 years meaning any niggles or faults, including needing to pass MOT, are your responsibility and expense; you’re also in a 7-8 year old car no longer the latest and greatest, which may or may not bother you; and so on.
For me I’d prefer to be in new cars purely for the peace of mind and that’s worth a lot to me, I also like the latest and greatest. The furthest opposite end of the spectrum is picking up a £500 banger and running it on an absolute shoestring thus potentially saving you tens of thousands over a few cycles. Anywhere in between those two extremes is 100% down to personal preference and values. smile

Jag_NE

2,993 posts

101 months

Monday 28th May 2018
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Venturist said:
Jag_NE said:
Yes that has some merit. I just cant see the servicing or tyres coming anywhere near to 10k saving or my hypothetical 2017 v90 being massively inferior over the next 6 years in terms of safety and tech. I can appreciate that if you just like a new car and place a 3k+ annual premium on the privilege that it makes sense. I just see a 6-7 year old car on the drive that will still be pretty mint and potentially even the current model still.
Well keeping one car for that time at the end of a few lease cycles sees you in a car that’s been out of warranty 3-4 years meaning any niggles or faults, including needing to pass MOT, are your responsibility and expense; you’re also in a 7-8 year old car no longer the latest and greatest, which may or may not bother you; and so on.
For me I’d prefer to be in new cars purely for the peace of mind and that’s worth a lot to me, I also like the latest and greatest. The furthest opposite end of the spectrum is picking up a £500 banger and running it on an absolute shoestring thus potentially saving you tens of thousands over a few cycles. Anywhere in between those two extremes is 100% down to personal preference and values. smile
True, I just cant see past the likely scenario that my hypothetical 6-7 year old 30-40k mile car worth 10k wont likely have any issues or that the tech will be lagging significantly. Agree that it comes down to personal preference, I guess I value 10k of residual value more than having the same but newer car on the drive. Putting 10k down would also (I assume) get me into something a level up every 6 years, say XC90 vs V90.

Gareth1974

3,420 posts

140 months

Monday 28th May 2018
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Jag_NE said:
Venturist said:
Jag_NE said:
Yes that has some merit. I just cant see the servicing or tyres coming anywhere near to 10k saving or my hypothetical 2017 v90 being massively inferior over the next 6 years in terms of safety and tech. I can appreciate that if you just like a new car and place a 3k+ annual premium on the privilege that it makes sense. I just see a 6-7 year old car on the drive that will still be pretty mint and potentially even the current model still.
Well keeping one car for that time at the end of a few lease cycles sees you in a car that’s been out of warranty 3-4 years meaning any niggles or faults, including needing to pass MOT, are your responsibility and expense; you’re also in a 7-8 year old car no longer the latest and greatest, which may or may not bother you; and so on.
For me I’d prefer to be in new cars purely for the peace of mind and that’s worth a lot to me, I also like the latest and greatest. The furthest opposite end of the spectrum is picking up a £500 banger and running it on an absolute shoestring thus potentially saving you tens of thousands over a few cycles. Anywhere in between those two extremes is 100% down to personal preference and values. smile
True, I just cant see past the likely scenario that my hypothetical 6-7 year old 30-40k mile car worth 10k wont likely have any issues or that the tech will be lagging significantly. Agree that it comes down to personal preference, I guess I value 10k of residual value more than having the same but newer car on the drive. Putting 10k down would also (I assume) get me into something a level up every 6 years, say XC90 vs V90.
You’ve also got to finance the hypothetical 25k initial purchase price of the nearly new option.

Jag_NE

2,993 posts

101 months

Monday 28th May 2018
quotequote all
Gareth1974 said:
Jag_NE said:
Venturist said:
Jag_NE said:
Yes that has some merit. I just cant see the servicing or tyres coming anywhere near to 10k saving or my hypothetical 2017 v90 being massively inferior over the next 6 years in terms of safety and tech. I can appreciate that if you just like a new car and place a 3k+ annual premium on the privilege that it makes sense. I just see a 6-7 year old car on the drive that will still be pretty mint and potentially even the current model still.
Well keeping one car for that time at the end of a few lease cycles sees you in a car that’s been out of warranty 3-4 years meaning any niggles or faults, including needing to pass MOT, are your responsibility and expense; you’re also in a 7-8 year old car no longer the latest and greatest, which may or may not bother you; and so on.
For me I’d prefer to be in new cars purely for the peace of mind and that’s worth a lot to me, I also like the latest and greatest. The furthest opposite end of the spectrum is picking up a £500 banger and running it on an absolute shoestring thus potentially saving you tens of thousands over a few cycles. Anywhere in between those two extremes is 100% down to personal preference and values. smile
True, I just cant see past the likely scenario that my hypothetical 6-7 year old 30-40k mile car worth 10k wont likely have any issues or that the tech will be lagging significantly. Agree that it comes down to personal preference, I guess I value 10k of residual value more than having the same but newer car on the drive. Putting 10k down would also (I assume) get me into something a level up every 6 years, say XC90 vs V90.
You’ve also got to finance the hypothetical 25k initial purchase price of the nearly new option.
correct. just at 3% its virtually for nothing at the moment. I think I have derailed the deal thread for enough now, I don't think its for me!

Catflap2

138 posts

106 months

Monday 28th May 2018
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oldnbold said:
My eldest daughter is looking at this deal on the Skoda Karoq SE Technology from Simpson's Skoda, often mentioned in these parts. This seems the best we can find at the moment.

https://www.simpsonsskoda.co.uk/pch-offers/karoq-s...

Initial payment of £2490 then 23 x £169 for 8k miles pa

Anyone aware of any better deals on this or something simular.
The SEL is a much nicer spec and should be available around this price (potentially with a much smaller initial payment). The only trouble is there are virtually none in the system and they are talking about a 32 week lead time... so order now and get it next year!!! Think there are a few base spec SEs available sooner but the SE tech and SEL with the 1.0 TSI engine are in very short supply (worse than the 1.5 now)

wemorgan

3,578 posts

179 months

Tuesday 29th May 2018
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As others have said, running a car for 6 years is cheaper than leasing, though it's worth looking at your example numbers

Your 6yr old car is worth £10k, but a loan of £25k will cost ~£500 in interest per year.
So the cost is nearer to £1k/yr extra to lease a car. That's not too bad considering leasing includes, road tax, breakdown cover, delivery and return of the vehicle.

jonny996

2,618 posts

218 months

Tuesday 29th May 2018
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You either want a brand new car every 2/3 years & are willing to pay for it or you don't.
I cant remember reading on this tread that leasing is cheaper than buying a used car, its for people that want a brand new car regularly

Denno B

965 posts

206 months

Tuesday 29th May 2018
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Plus who wants to be stuck in the same car for 6 years ?! To be honest I was one to always buy cars with cash and thought leasing was for mugs. Until I saw the light! Now I just see it as a white goods that I’m prepared to pay x amount each month for. I would still buy a weekend car with cash, but it would be something rare that would either lose very little or gain over time.
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