Best Lease Car Deals Available? (Vol 10)

[simonwhite2000]

ish99 said:

Lambo89 said:

Kn58 said:

You are the registered keeper of the car and the leading company is the owner.

This is incorrect, it would be the case for HP/PCP yes but not for PCH. In this case the lease company are the owner and the keeper.

If this is the case, does everyones insurance increase 3x fold when changing the 'keeper' to the leasing company?

Online forums are saying there should be no difference, but for me, a £2k difference is massive!

No, its never really made a difference for me.

[DanielEV]

simonwhite2000 said:

No, its never really made a difference for me.

Same here, never really affected my premium at all

[Chiefbadger]

pilsator said:

I ordered Cupra Ateca VZ3 in October'21, via ukcarline. Got confirmation that it was being built last week, with delivery in June'22. Hopefully it's true. That would make it 8 months leadtime, which is surprising in this climate.

I ordered the same in October. Got a call on Friday to say I probably wouldn't receive mine until October. Sounds like you've got lucky! I'm now totally stuck on what to do. Need something for the interim, but already have two totally unreliable cars (hence wanting something new on lease) so loathe to buy another shed.

[ilikejam]

simonwhite2000 said:

ish99 said:

Lambo89 said:

Kn58 said:

You are the registered keeper of the car and the leading company is the owner.

This is incorrect, it would be the case for HP/PCP yes but not for PCH. In this case the lease company are the owner and the keeper.

If this is the case, does everyones insurance increase 3x fold when changing the 'keeper' to the leasing company?

Online forums are saying there should be no difference, but for me, a £2k difference is massive!

No, its never really made a difference for me.

Never made a difference for me in 10 years leasing

[ish99]

ilikejam said:

simonwhite2000 said:

ish99 said:

Lambo89 said:

Kn58 said:

You are the registered keeper of the car and the leading company is the owner.

This is incorrect, it would be the case for HP/PCP yes but not for PCH. In this case the lease company are the owner and the keeper.

If this is the case, does everyones insurance increase 3x fold when changing the 'keeper' to the leasing company?

Online forums are saying there should be no difference, but for me, a £2k difference is massive!

No, its never really made a difference for me.

Never made a difference for me in 10 years leasing

Really odd. Not sure why it's doing that.

But looks like it's only happening on Tesla's for me.. Just tried a random 420d 22 plate, and changing the keeper only has a £30-£40 difference.

Seems to be a thing on Teslas for some reason

[silent ninja]

BartW said:

Is it only me, or has everyone noticed all fancy lease deals have gone up by 50%????

320 bought in March ‘20 works out £13k total. Now about £19k.
745e from July ‘21 is £26k total. Now about £42k +…

Surely, GFVs have not gone down overnight, and interest rates that are on the way up would not be responsible for such a price hike?

The 320 is up in March next year, and with the average lead time of about 9 months, it is time that I started to look around, but unless a Golf, or a Nissan, anything BMW / Audi / Volvo has made itself look unachievable.

Welcome back the good old days of Hire Purchase???

Yep, the current lease prices are a bit of a joke. Excessively expensive.

GFV has actually gone up a lot. The used car market is at an all time high, so that means your lease should be cheaper (since it's the difference between new and used version of your car, plus cost of capital and fees).

It's apparently due to shortage of critical parts. My feeling is people have slowed down with buying - holding on to their existing car for longer, and/or opting to go used. The lease buoyant lease market of say 2015-2020 is over.

I'm looking for a BMW X3 and say over 4 years, the lease is £30k. I could finance it cheaper or buy a 2-3 year old one.

[Lambo89]

ish99 said:

ilikejam said:

simonwhite2000 said:

ish99 said:

Lambo89 said:

Kn58 said:

You are the registered keeper of the car and the leading company is the owner.

This is incorrect, it would be the case for HP/PCP yes but not for PCH. In this case the lease company are the owner and the keeper.

If this is the case, does everyones insurance increase 3x fold when changing the 'keeper' to the leasing company?

Online forums are saying there should be no difference, but for me, a £2k difference is massive!

No, its never really made a difference for me.

Never made a difference for me in 10 years leasing

Really odd. Not sure why it's doing that.

But looks like it's only happening on Tesla's for me.. Just tried a random 420d 22 plate, and changing the keeper only has a £30-£40 difference.

Seems to be a thing on Teslas for some reason

Insurance companies cashing in?

[rich_miller7]

I was looking at the VW T-Roc myself, but not sure if I would like it compared to the Audi A4 I drive now.

Been quoted the following:

VW T-Roc R-Line 1.5 DSG
9+23 profile
8k annual mileage
Initial payment of £2,748.60 inc VAT
23 monthly payments of 305.40 inc VAT
No broker fees
excess mileage 7p per mile inc VAT

This is for Metallic paint: Deep Black or Indium Grey

Pipeline stock due July 2022 so I would need to see if this can be delayed.

[myilmaz]

rich_miller7 said:

I was looking at the VW T-Roc myself, but not sure if I would like it compared to the Audi A4 I drive now.

Been quoted the following:

VW T-Roc R-Line 1.5 DSG
9+23 profile
8k annual mileage
Initial payment of £2,748.60 inc VAT
23 monthly payments of 305.40 inc VAT
No broker fees
excess mileage 7p per mile inc VAT

This is for Metallic paint: Deep Black or Indium Grey

Pipeline stock due July 2022 so I would need to see if this can be delayed.

You can check this deal for comparison:
https://www.whatcar.com/car-leasing/deals/volkswag...

[Amateurish]

silent ninja said:

Yep, the current lease prices are a bit of a joke. Excessively expensive.

GFV has actually gone up a lot. The used car market is at an all time high, so that means your lease should be cheaper (since it's the difference between new and used version of your car, plus cost of capital and fees).

It's apparently due to shortage of critical parts. My feeling is people have slowed down with buying - holding on to their existing car for longer, and/or opting to go used. The lease buoyant lease market of say 2015-2020 is over.

I'm looking for a BMW X3 and say over 4 years, the lease is £30k. I could finance it cheaper or buy a 2-3 year old one.

Lease prices have gone up because manufacturers are no longer discounting for the finance companies. They don't need to because they can sell at full list price.

[silent ninja]

Amateurish said:

Lease prices have gone up because manufacturers are no longer discounting for the finance companies. They don't need to because they can sell at full list price.

Yes that's true but it's not good for them either. Volume is down, so they want to make more money per car. With current inflation, customers just won't be able to sustain buying as we did pre pandemic - our incomes are effective dropping 15-20% right now. Manufacturers are going to be in for a tough time these next few years. Feels like cheap motoring is dead at least for the next few years.

[SheffieldLX]

Can those who were discussing delivery estimates for their Sportage please post in here, thanks.

https://www.pistonheads.com/gassing/topic.asp?h=0&...

[Internet179]

If you don’t mind me asking, who was the Tesla Model Y deal with as also on the lookout for one?

ish99 said:

I have a question on insurance on lease deals.

Do people put the registered owner and registered keeper of the car as 'the leasing company'?

I've been looking at insurance for a leased Tesla Model Y.

- If I put the leasing company as owner and keeper, the insurance comes out as £3,200.

- If I put the owner as leasing company, and myself as registered keeper, then I get a price of £1,000.

Has anyone else seen this difference? or could advise me why thats the case?
Seen a really good Tesla deal, but the insurance difference / cost is putting me off

[Raihan]

Lambo89 said:

Kn58 said:

You are the registered keeper of the car and the leading company is the owner.

This is incorrect, it would be the case for HP/PCP yes but not for PCH. In this case the lease company are the owner and the keeper.

Can you elaborate? Surely the person driving it is the keeper? I put down keeper and lease as owner

[Raihan]

Augustus Windsock said:

A bit of an ‘off the wall’ question but I’m looking for a new small car for my 17yr old.
A few years ago my eldest was looking at Fiat 500’s which were available for £99 with the first years insurance thrown in
Now I realise the world has changed since then but are there any deals even remotely like this that anyone knows about?
Sorry for the dumb sounding question, and thanks in advance...

I think Dacia are the only new cars you can get for £100 a month.

ALSO worth noting that lease cars you can't build up a no claims bonus as you do not own the car, it's kind of what put me off leasing, so went with old banger instead.

Edited by Raihan on Tuesday 3rd May 23:22

[RichA35]

ALSO worth noting that lease cars you can't build up a no claims bonus as you do not own the car, it's kind of what put me off leasing, so went with old banger instead.

Edited by Raihan on Tuesday 3rd May 23:22

[/quote]

That’s incorrect In my experience, on my 3rd lease and all have counted towards my NCD.

[Bobby1989]

That's completely wrong I have about 10 years of NCD (whatever the max is) and i've never driven a car which wasn't a lease.

You can't get NCD if you are on a block insurance with a business that might be what your thinking of, but this is the same if it's leased or owned by the company.

RichA35 said:

ALSO worth noting that lease cars you can't build up a no claims bonus as you do not own the car, it's kind of what put me off leasing, so went with old banger instead.

Edited by Raihan on Tuesday 3rd May 23:22

That’s incorrect In my experience, on my 3rd lease and all have counted towards my NCD.

[Lambo89]

Raihan said:

Lambo89 said:

Kn58 said:

You are the registered keeper of the car and the leading company is the owner.

This is incorrect, it would be the case for HP/PCP yes but not for PCH. In this case the lease company are the owner and the keeper.

Can you elaborate? Surely the person driving it is the keeper? I put down keeper and lease as owner

The registered keeper of the vehicle is responsible for taxing it, making sure it has a valid MOT and insuring it. They will also be the first point of call for any speeding tickets, parking fines or police enquiries related to that car.

[b0rk]

Raihan said:

Can you elaborate? Surely the person driving it is the keeper? I put down keeper and lease as owner

The keeper is person or entity that has and is named on the V5C, remember registration documents are not and never have been proof of ownership.
The keeper would also be responsible for taxing the vehicle as stated on the front of the V5C.

https://www.leasingoptions.co.uk/advice/popular-to...

[Raihan]

Appreciate all the answers, is there a link where I can read up on ncd for leases or is it just general knowledge that as long as you are the main driver of the car you will build up ncd. Will also see if the quote changes now that I will change it to keeper and owner lease