Best Lease Car Deals Available? (Vol 10)
Discussion
JD said:
rich_miller7 said:
Select Car Leasing have some offers on the Tesla Model Y
https://www.selectcarleasing.co.uk/car-leasing/tes...
https://www.selectcarleasing.co.uk/car-leasing/tes...
Not really, £80 less a month to lease it direct from Tesla.https://www.selectcarleasing.co.uk/car-leasing/tes...
https://www.selectcarleasing.co.uk/car-leasing/tes...
Worth also saying that the mileage options are somewhat limited on the Tesla website. If someone is interested, they can email Tesla as they can quote a lot more mileage options than they show. Plus their business contract hire rates are still not right on their website - the actual rates are about £27/month lower.
EddieSteadyGo said:
^^^
Worth also saying that the mileage options are somewhat limited on the Tesla website. If someone is interested, they can email Tesla as they can quote a lot more mileage options than they show. Plus their business contract hire rates are still not right on their website - the actual rates are about £27/month lower.
Interesting, do you know if they able to offer different up front terms rather than just the 9+ on the site?Worth also saying that the mileage options are somewhat limited on the Tesla website. If someone is interested, they can email Tesla as they can quote a lot more mileage options than they show. Plus their business contract hire rates are still not right on their website - the actual rates are about £27/month lower.
EddieSteadyGo said:
^^^
Worth also saying that the mileage options are somewhat limited on the Tesla website. If someone is interested, they can email Tesla as they can quote a lot more mileage options than they show. Plus their business contract hire rates are still not right on their website - the actual rates are about £27/month lower.
Tesla have released Q2 Campaign rates to us today via two national lenders, they should be loaded in the next 24 hours or so, if not sooner.Worth also saying that the mileage options are somewhat limited on the Tesla website. If someone is interested, they can email Tesla as they can quote a lot more mileage options than they show. Plus their business contract hire rates are still not right on their website - the actual rates are about £27/month lower.
JD said:
...
Likelihood of them being better than Tesla offer directly is?
Will be interesting to see. Likelihood of them being better than Tesla offer directly is?
Tesla Model Y RWD direct from Tesla is £399 on a 9+35 inc VAT for 10,000 miles. LR version is £499 on the same terms. Business pricing from Tesla is pretty much the same minus 20% VAT (albeit that price doesn't show correctly on their website properly).
I suspect the offers to the brokers will end up the same or slightly more taking into account their admin fees.
Model 3 will be interesting to watch. So far there has been fairly limited UK availability hence no offers. However, seems like the US are now getting aggressive finance deals on the Model 3 which suggests supply is improving. Hence can't be long before they launch new offers in the UK.
Looks like it is multiple lenders they don't want to disclose:
From the Tesla UK Website:
"If your application is declined by the first finance provider that we allocate for you, you may be allocated another finance provider. In these circumstances, if you choose to progress with the second finance provider, multiple credit searches will be carried out. This may affect your credit rating."
From the Tesla UK Website:
"If your application is declined by the first finance provider that we allocate for you, you may be allocated another finance provider. In these circumstances, if you choose to progress with the second finance provider, multiple credit searches will be carried out. This may affect your credit rating."
Ready2LeaseLTD said:
Any idea who the lender is for Tesla direct? It doesn't say on their website. They launched campaigns with three lenders, but only one is showing at the minute and from what I see it is more expensive.
I leased a Model Y LR last month. That was financed via ALD. I am also leasing a Model Y RWD this month and it is being financed by Lex. Both cars ordered as business leases via Tesla.There was only a few with minimal amount of options.
I'm waiting for final confirmation on Beach Camper with around £3600 of options, total cost 11600 for 2y, 5k miles pa. But was also quoted on one with £7100 options and total cost of lease was 13920. I chose 5000 miles pa, because excess miles are only 7.2p.
Cheapest Ocean I was told about was 17139 total for 2y, 5k pa.
If you didn't jump on the deal straight away, chances of finding cheap base car are nil, unless someone cancels.
I'm waiting for final confirmation on Beach Camper with around £3600 of options, total cost 11600 for 2y, 5k miles pa. But was also quoted on one with £7100 options and total cost of lease was 13920. I chose 5000 miles pa, because excess miles are only 7.2p.
Cheapest Ocean I was told about was 17139 total for 2y, 5k pa.
If you didn't jump on the deal straight away, chances of finding cheap base car are nil, unless someone cancels.
PenelopaPitstop said:
There was only a few with minimal amount of options.
I'm waiting for final confirmation on Beach Camper with around £3600 of options, total cost 11600 for 2y, 5k miles pa. But was also quoted on one with £7100 options and total cost of lease was 13920. I chose 5000 miles pa, because excess miles are only 7.2p.
Cheapest Ocean I was told about was 17139 total for 2y, 5k pa.
If you didn't jump on the deal straight away, chances of finding cheap base car are nil, unless someone cancels.
Who was this with? I'm getting £4500 in options for £14500 over the 2 years on 5,000 milesI'm waiting for final confirmation on Beach Camper with around £3600 of options, total cost 11600 for 2y, 5k miles pa. But was also quoted on one with £7100 options and total cost of lease was 13920. I chose 5000 miles pa, because excess miles are only 7.2p.
Cheapest Ocean I was told about was 17139 total for 2y, 5k pa.
If you didn't jump on the deal straight away, chances of finding cheap base car are nil, unless someone cancels.
It was with Dreamlease. Both companies advertising the deal are connected to each other. Stock is the same, because it's VW stock I also contacted one dealer, but he was going to investigate it and never got back to me.
It's possible, that options have different effect on residual value of the car after lease expiration, hence different cost. Some campers had options related to driving and some more camping focused. I read California forum for last couple of days and people tend to spec a lot of options or almost everything, so dealers specced remaining building slots accordingly.
Also, read about insurance, becasue California Beach is registered as motorhome, not a car.
It's possible, that options have different effect on residual value of the car after lease expiration, hence different cost. Some campers had options related to driving and some more camping focused. I read California forum for last couple of days and people tend to spec a lot of options or almost everything, so dealers specced remaining building slots accordingly.
Also, read about insurance, becasue California Beach is registered as motorhome, not a car.
EddieSteadyGo said:
Will be interesting to see.
Tesla Model Y RWD direct from Tesla is £399 on a 9+35 inc VAT for 10,000 miles. LR version is £499 on the same terms. Business pricing from Tesla is pretty much the same minus 20% VAT (albeit that price doesn't show correctly on their website properly).
I suspect the offers to the brokers will end up the same or slightly more taking into account their admin fees.
Model 3 will be interesting to watch. So far there has been fairly limited UK availability hence no offers. However, seems like the US are now getting aggressive finance deals on the Model 3 which suggests supply is improving. Hence can't be long before they launch new offers in the UK.
Y is $279 on the US site and Model 3 is featured as $299. Ignoring the galling pricing. it indicates where 3 pricing could be compared to YTesla Model Y RWD direct from Tesla is £399 on a 9+35 inc VAT for 10,000 miles. LR version is £499 on the same terms. Business pricing from Tesla is pretty much the same minus 20% VAT (albeit that price doesn't show correctly on their website properly).
I suspect the offers to the brokers will end up the same or slightly more taking into account their admin fees.
Model 3 will be interesting to watch. So far there has been fairly limited UK availability hence no offers. However, seems like the US are now getting aggressive finance deals on the Model 3 which suggests supply is improving. Hence can't be long before they launch new offers in the UK.
adaM3 said:
If I sign up for a car, but then decide to cancel between now and delivery (July/August), do i just lose my £180 processing fee, or do I get a strike against my name??
It will depend on numerous factors, such as the broker’s policy, the dealer and supplying manufacturer amongst other things.Its a perfectly reasonable question to ask the sales rep from the broker, ‘what happens if I have a change of circumstance between order confirmation and delivery and I am financially unable to take the car?’
That would land a lot better than ‘I’m not really sure I want this but I’m going to order it anyway but might cancel it.’
A couple of anecdotes from orders I’ve done in the past-
Vanarama took zero deposit with zero cancellation fee, in fact when I took delivery of the van I hadn’t actually given them a penny. That was on a vw transporter so not something they would have struggled to shift.
Zen Auto took £500 and I would have lost that if I cancelled but nothing else.
Contract cars took £800 (ouch, I know) which I would lose if I cancelled, but I would be able to transfer that broker fee to another deal if I had a change in circumstance. Bigger, smaller, cheaper.. etc.
So, ask them!
Regarding a strike against your name, any funder (finance company) will run a hard credit check to accept you, which will not be removed if you do not take delivery. But a single credit check will not really have any effect, especially after a couple of months. Would a broker entertain another order from you? If they’re making money I don’t think they’ll care.
adaM3 said:
Well done you. I wish I went for it now. I'd have gone for BG with cognac, and would have paid extra for the bi colour wheels as I don't "do" black wheels. Very tempted by the new blue, just not sure I'm brave enough.
What did you go for?
I went for ZB, black and highlights with standard (black) wheels.What did you go for?
I pondered the cognac but I don’t think it would work with the ZB, and the only other colour I’d consider is black which I didn’t find that special in person.
ZB feels really common because a lot of demo and press cars and in that colour but I’ve only seen 1 or 2 on the road in the past year.
Didn’t want to pay for the extra frozen colours on a lease, didn’t like red or white, had a hockenheim silver m2c so that left black and blue, blue won!
My thoughts, not that you asked. Hope you can find one.
EddieSteadyGo said:
I leased a Model Y LR last month. That was financed via ALD. I am also leasing a Model Y RWD this month and it is being financed by Lex. Both cars ordered as business leases via Tesla.
If you are keen on price it would be worth waiting a week, as the LEX tesla Q2 offer is live, but the ALD and leaseplan offer is not. There may be more value to be had. The Lex tesla price is not strong compared to the market IMO.Ready2LeaseLTD said:
If you are keen on price it would be worth waiting a week, as the LEX tesla Q2 offer is live, but the ALD and leaseplan offer is not. There may be more value to be had. The Lex tesla price is not strong compared to the market IMO.
Not sure what you mean about Lex pricing not being good. Tesla have been running the £399 offer on the Model Y RWD for quite a few weeks. That's a 3 year lease 9+35 for 10,000 miles per year. The business lease is the same price, just excluding 20% VAT e.g. about £332/month.
Are you saying you think Tesla are going to lower the £399 price? As far I as know, when leasing directly from Tesla, it doesn't matter which funder they use.
EddieSteadyGo said:
Not sure what you mean about Lex pricing not being good.
Tesla have been running the £399 offer on the Model Y RWD for quite a few weeks. That's a 3 year lease 9+35 for 10,000 miles per year. The business lease is the same price, just excluding 20% VAT e.g. about £332/month.
Are you saying you think Tesla are going to lower the £399 price? As far I as know, when leasing directly from Tesla, it doesn't matter which funder they use.
Obviously Tesla have some say in making the headline rental (399) attractive, but ultimately it is the lenders that set the RV and the rental, so its down to their appetite as much as anything. Each lender will have a different perspective on the residuals and risk. I expect that they will all be close, but with more offers coming to market imminently, it makes sense to wait and see if those other lenders have a different view and target a rental below that 399.Tesla have been running the £399 offer on the Model Y RWD for quite a few weeks. That's a 3 year lease 9+35 for 10,000 miles per year. The business lease is the same price, just excluding 20% VAT e.g. about £332/month.
Are you saying you think Tesla are going to lower the £399 price? As far I as know, when leasing directly from Tesla, it doesn't matter which funder they use.
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