Leasing - General Discussion

[Sochaux]

PenelopaPitstop said:

Depends on leasing company. You have to be more specific.

It's with LeasePlan! Leon Cupra.

[PenelopaPitstop]

That was German website. Here's UK version with form to fill in https://driversales.leaseplan.co.uk/ Looks like it's BCA re-branded website.

[EvoSid]

I would love an EV on a lease deal but not sure how to lease it via my small ltd company.
My understanding is as follows
My company would lease the car and pay the monthly lease costs plus insurance costs
The company can then deduct 50% of the VAT unless I can approve it is 100% used for business
The company can then deduct 19% of the lease costs against its profits
So in total my company ( really me ) would pay approx 76% of the lease and HMRC the other 24%
Not sure how much of the insurance and other running costs such as servicing, tyres etc can be claimed back or if it is as above



Personally I would only need to pay 1% BIK this year , 2% next year and so on . This is what make it attractive

Does the above make sense and have I missed anything ?
Any help in this matter would be great

[peebie]

Sochaux said:

PenelopaPitstop said:

Depends on leasing company. You have to be more specific.

It's with LeasePlan! Leon Cupra.

Leaseplan do a driver to buy, speak to your broker, Leaseplan also put a 12 month warranty on the car if the manufacturers has run out.

[GreatGranny]

EvoSid said:

I would love an EV on a lease deal but not sure how to lease it via my small ltd company.
My understanding is as follows
My company would lease the car and pay the monthly lease costs plus insurance costs
The company can then deduct 50% of the VAT unless I can approve it is 100% used for business
The company can then deduct 19% of the lease costs against its profits
So in total my company ( really me ) would pay approx 76% of the lease and HMRC the other 24%
Not sure how much of the insurance and other running costs such as servicing, tyres etc can be claimed back or if it is as above



Personally I would only need to pay 1% BIK this year , 2% next year and so on . This is what make it attractive

Does the above make sense and have I missed anything ?
Any help in this matter would be great

Surely your accountant will know the answer to this.

[Daz_86]

Just had my fiesta collected by BCA on behalf of Ford/ALD. There's small gouge damage to the alloy and the tyre next to it has a slice, not down to cords or anything, just the kerb protection area, which I knew about and accept.
However while the £50.00 charge for the alloy I accept, The £199 for a 205/45 17 Michelin PS4 they want to charge me I certainly don't. This is £70 more than even the most expensive of tyre places. I've refused to sign the handback form and the collection guy added comments on to it that its because I'm disputing the tyre cost, not the damage.

Has anyone had success in negotiating a more realistic cost or should I be prepared to lose the battle?

[PenelopaPitstop]

Just get a few print screens with price of the tyre and complain about it to leasing company. BTW, super blue might be useful in hiding such damage, if there's flapping rubber on the tyre. Other cheap option is to buy part-worn tyre and replace damaged one before returning the car.

[surveyor]

Daz_86 said:

Just had my fiesta collected by BCA on behalf of Ford/ALD. There's small gouge damage to the alloy and the tyre next to it has a slice, not down to cords or anything, just the kerb protection area, which I knew about and accept.
However while the £50.00 charge for the alloy I accept, The £199 for a 205/45 17 Michelin PS4 they want to charge me I certainly don't. This is £70 more than even the most expensive of tyre places. I've refused to sign the handback form and the collection guy added comments on to it that its because I'm disputing the tyre cost, not the damage.

Has anyone had success in negotiating a more realistic cost or should I be prepared to lose the battle?

Had similar on 1st feb when my Ford van was collected.

I’ve yet to see any invoice or paperwork subsequently, surprising not least as there is 3k of excess mileage that I’m not disputing.

[Hg93]

Hi all

Apologies in advance if this is in the wrong thread

I recently signed up to my first lease deal at the end of feb (all paperwork signed)

The car is a factory order and is due to be delivered mid june

The issue is im having second thoughts and im thinking of backing out

Would i be able to cancel or im i now stuck with it

Thanks in advance for the help

[Tomo1971]

Hg93 said:

Hi all

Apologies in advance if this is in the wrong thread

I recently signed up to my first lease deal at the end of feb (all paperwork signed)

The car is a factory order and is due to be delivered mid june

The issue is im having second thoughts and im thinking of backing out

Would i be able to cancel or im i now stuck with it

Thanks in advance for the help

What does it say in your contract. At best you lose any admin fee, at worst, whatever fee in the contract.

When I was looking, one broker had a £1500 cancellation fee in their terms. Others, like the broker I went with zero. I could have cancelled right upto week before delivery at zero cost.

Read whatever it is you have signed.

[ecksjay]

EvoSid said:

I would love an EV on a lease deal but not sure how to lease it via my small ltd company.
My understanding is as follows
My company would lease the car and pay the monthly lease costs plus insurance costs
The company can then deduct 50% of the VAT unless I can approve it is 100% used for business
The company can then deduct 19% of the lease costs against its profits
So in total my company ( really me ) would pay approx 76% of the lease and HMRC the other 24%
Not sure how much of the insurance and other running costs such as servicing, tyres etc can be claimed back or if it is as above



Personally I would only need to pay 1% BIK this year , 2% next year and so on . This is what make it attractive

Does the above make sense and have I missed anything ?
Any help in this matter would be great

that is my understanding of it, yes. its drastically more tax efficienct to do it that way than to buy under a personal lease with the current tax incentives.

My only issue is i cant really decide on the electric vehicle to purchase. Need an SUV type vehicle, not a fan of the kia/hyundai offerings, model Y would be perfect but not available in UK until 2022, model 3 is a little too small. E-Tron looks like a possibility as it's coming in around £1500 initial with £475 p/m, roughly speaking. It's a lot but then again it's a lot of car.

[paypeanuts]

What are people's expectations regarding floor mats on lease cars? I've just had a Hyundai Ioniq EV delivered today with no floor mats. This is the first leased vehicle I've had that didn't come with mats. It didn't cross my mind at all to ask for them when ordering the vehicle - I assumed they'd be included.

I can understand dealerships being stingey with such things when selling a car outright, but a lease car is going to be returned in 2-3 years time so surely its in the lease company's interests to protect the flooring with mats.

Or am I expecting too much?

[J1990]

paypeanuts said:

What are people's expectations regarding floor mats on lease cars? I've just had a Hyundai Ioniq EV delivered today with no floor mats. This is the first leased vehicle I've had that didn't come with mats. It didn't cross my mind at all to ask for them when ordering the vehicle - I assumed they'd be included.

I can understand dealerships being stingey with such things when selling a car outright, but a lease car is going to be returned in 2-3 years time so surely its in the lease company's interests to protect the flooring with mats.

Or am I expecting too much?

The Ioniq simply doesn't come with car mats regardless of what spec you choose, they're always an optional extra - Our Premium SE and Premium both failed to arrive with mats, cost me £20 to get a full set.

It seems to be something that Hyundai are a bit hit and miss with, my i30N came with N Line car mats for some reason, the dealership ordered me a full set of N Performance car mats and let me keep both (I couldn't care less what they were really, they protected the carpet and I was happy).

[paypeanuts]

J1990 said:

The Ioniq simply doesn't come with car mats regardless of what spec you choose, they're always an optional extra - Our Premium SE and Premium both failed to arrive with mats, cost me £20 to get a full set.

It seems to be something that Hyundai are a bit hit and miss with, my i30N came with N Line car mats for some reason, the dealership ordered me a full set of N Performance car mats and let me keep both (I couldn't care less what they were really, they protected the carpet and I was happy).

Thanks for that - very helpful. A quick Google threw up a few options at around the £20 mark so I'll pick some up.

No mats is a stunt I would've been on my guard for had I been buying it outright, but on a lease car I just didn't expect it.

[surveyor]

Had matts on both of my commercial vehicles. Straight into the box that the rubber replacements came in...

[Ham_and_Jam]

paypeanuts said:

Thanks for that - very helpful. A quick Google threw up a few options at around the £20 mark so I'll pick some up.

No mats is a stunt I would've been on my guard for had I been buying it outright, but on a lease car I just didn't expect it.

Always had mats in every lease vehicle I’ve had.

The Golf R cam with a full set fitted and a full replacement set in the boot!

[PenelopaPitstop]

paypeanuts said:

What are people's expectations regarding floor mats on lease cars? I've just had a Hyundai Ioniq EV delivered today with no floor mats. This is the first leased vehicle I've had that didn't come with mats. It didn't cross my mind at all to ask for them when ordering the vehicle - I assumed they'd be included.

I can understand dealerships being stingey with such things when selling a car outright, but a lease car is going to be returned in 2-3 years time so surely its in the lease company's interests to protect the flooring with mats.

Or am I expecting too much?

My friend had Astra and then Octavia delivered without mats. We were just discussing it yesterday, that she bought set of mats for Astra and now using them in Octavia and going to return car without them.

[ammanati]

Hi guys,

I was wondering if you could advise me on this. I am new to lease, my car is going to be delivered on Thursday.
I am wondering if its worth adding any of the following servicing options:
2 years

8000 miles per year

Service £14.71 per month

Service and maintenance £15.66

Service, maintenance and tyres £24.36

Could you advise please? It's an A5 tdi, set to 9k service interval or 1 year. Does it mean I would have to do the 2nd service too before handing it back??

[PenelopaPitstop]

Why do you think service will be annually not long life. It should arrive with long life service setup. Which means one service around 17-18K miles, somewhere before 2 years. Unless you plan to do a lot of short trips, but I assume, you wouldn't lease diesel for that.

There's A5 lease thread, where you should get more info about servicing and cost: https://www.pistonheads.com/gassing/topic.asp?h=0&...

[ammanati]

I just don't know.
Asked the dealer they said the car will be set up with 9k intervals or 1 year whichever is sooner. Same thing read in the manual. How do i know the car will be set to long life? Are they all set up this way? Ok, thanks will check out the other thread too.