The S5 lease thread

[AR101]

Just about to chop my S5 Cab in for a Q7. It’s been a brilliant car and 2.5 years old - hasn’t put a foot wrong and still on the original tyres and brakes.

[Darren-b]

Nice one. I had to change the front only approx 15k (Hancook)

Did you lease the q7 too?

[Audi-25tl4]

Still got my S5 here too. Goes back in August this year - originally signed for 2 years and extended for 1 more.

Not even mustered 10k miles in it..... just passed 9k last week! No idea what to change it for just yet!

[Justhe-1]

Mine goes back 24th April. Was on a 2 yr deal and extended for a 3rd yr (and cost dropped £100/month to boot).

Been a great all rounder and seems faster now than its ever been as it's loosened up nicely

28k miles done and just had to replace the rears dammit. Fronts lasted 24k (Hankooks).

Going EV through the business due to the BIK and VAT saving to replace it, and currently looking at the 55 e-tron or e-tron Sportback if can make the figures work.

Will jump into a spare co. Golf until it arrives.

Current value only listing at around £23k, so def right move to lease it (and I added around £2k of options).

Also got one of the cheap 2 series Gran Tourers turning up next Tues for the wife on a 9+23 a £148/month, which should help part fund the Sportback (man maths at its best)

[simonwhite2000]

Well my S5 collection is postponed for at least a month and the new 8 series drop off delayed by at least the same.

Got the car back to standard and finally got the Milltek system off (another great job by Unit 20 in Cheshire) so its up for grabs should anyone know anyone!

https://www.ebay.co.uk/itm/Audi-S5-Coupe-B9-Millte...

[Harris_I]

Has anyone had any clarity on collections by lease companies? My S4 is due to go back on 8 April but BCA Logistics messaged me to say it's postponed, which is understandable. No other info.

I've written back to say once the car is out of the lease period, I will not be insuring it or liable for any damage from that point on, and they leave the car with me at their risk. Not heard a response from them.

[Gazzab]

Harris_I said:

Has anyone had any clarity on collections by lease companies? My S4 is due to go back on 8 April but BCA Logistics messaged me to say it's postponed, which is understandable. No other info.

I've written back to say once the car is out of the lease period, I will not be insuring it or liable for any damage from that point on, and they leave the car with me at their risk. Not heard a response from them.

You need to tell the lease co not bca.
Vwfs are telling people they won’t charge any rentals but they bizarrely want you to insure it even if you aren’t using it. I’d refuse.

[mackie1]

I've submitted a request to informally extend mine but not heard back yet - it's been 5 working days. Ball is in their court - if I'm insuring it and they can't collect it and I have mileage allowance remaining then I'll keep using it (and paying current rate) until they can sort it.

Sod looking after someone else's asset at my expense but not getting use out of it.

[Harris_I]

Gazzab said:

You need to tell the lease co not bca.
Vwfs are telling people they won’t charge any rentals but they bizarrely want you to insure it even if you aren’t using it. I’d refuse.

I wrote to both BCA and VWFS but neither responded.

[Harris_I]

Harris_I said:

I wrote to both BCA and VWFS but neither responded.

I've finally got through to VWFS on the phone. What a waste of time. They insisted I must insure the car after the 2 year lease ends if they haven't collected by then. I asked where does it say that in the contract, and directed them to cl 5.1 of the agreement which says "while this Agreement is in force you must keep the vehicle comprehensively insured". And since the Agreement also says the Duration of the Hiring Period is 24 months there should be no obligation on me to insure when the Hiring Period ends. I just want to give the car back when the contract ends. If you can't collect it, it should be your asset at your risk.

There then followed a confused rambling about "if you want to take it up with the Ombudsman, blah blah".

Anyone else having a similar issue?

[Gazzab]

Harris_I said:

Harris_I said:

I wrote to both BCA and VWFS but neither responded.

I've finally got through to VWFS on the phone. What a waste of time. They insisted I must insure the car after the 2 year lease ends if they haven't collected by then. I asked where does it say that in the contract, and directed them to cl 5.1 of the agreement which says "while this Agreement is in force you must keep the vehicle comprehensively insured". And since the Agreement also says the Duration of the Hiring Period is 24 months there should be no obligation on me to insure when the Hiring Period ends. I just want to give the car back when the contract ends. If you can't collect it, it should be your asset at your risk.

There then followed a confused rambling about "if you want to take it up with the Ombudsman, blah blah".

Anyone else having a similar issue?

Just put it in writing. They have no contract with you once it expires. Therefore it’s their issue (unless you want to keep driving it). I’d just park it on a double yellow.

[Harris_I]

We finally have some clarity. They take the risk of the asset post end of contract. Email below:


You have an appointment booked in for us to collect your vehicle, however due to COVID-19 and the recent enforcements made by the Government we are unable to carry out the original appointment.

Due to these exceptional circumstances, we want to help our customers by providing an additional option for you to extend your current finance agreement for up to 6 months. The contractual terms and monthly payment of your current agreement will remain the same.

To arrange this option please complete this form.

If you do not wish to extend your contract please be aware we will not be able to proceed with collection until the Government restrictions have been lifted. Until we are able to rearrange collection please follow the below important steps;

- The vehicle must not under any circumstance be driven*
- Keep the vehicle safe, locked, secure and where possible store the vehicle off the road and on private land
- Please remove all personal belongings, keys and keyless entry devices
- We will ensure the vehicle is taxed as appropriate throughout this period
- In the event the vehicle is stolen or damaged by fire, you must immediately notify us and the police and obtain a crime reference number
Please note, you will not be charged your monthly rental for the period between your contract end date and collection. Standard end of contract terms will still apply for damage and excess mileage once the vehicle is collected and inspected.

• The vehicle will be uninsured and must not be driven; Under s143 of the Road Traffic Act 1988 it is an offence to use (or permit to be used) a motor vehicle on a road or other public place when there is not in force in relation to the use of the vehicle such a policy of insurance in respect of third party risks as complies with the Road Traffic Act

[Mark V GTD]

How can they say "the vehicle will not be insured" when they (VWFS) never insured it in the first place - thats the responsibility of the leasor?

[Harris_I]

They're implying that neither lessor nor lessee is required to insure it. That's just fine by me!

Clearly they think there is a minimal risk the car will be stolen or damaged in the time between the end of the lease and the point at which they collect. Personally I think they're nuts, but at least they're no longer being unreasonable in requiring an ex-lessee to insure their own property.

[NickA555]

It's been a while since I've posted on this thread but I also still have my S5. Got it on a 2 year lease in March 2017 and then extended for another year which brought the monthlies down to £257. Was due to be collected on the 27th of March but I'm still contemplating taking them up on the 6 month informal offer. Has anybody taken them up on this offer?

I'm tempted to tell them that the six months can start once lock down finishes as I'm not paying that kind of money for it to sit on my drive each month thank you very much Audi! Either that or take them up on the offer and then ask them to put the next three monthly payments on hold. Anyone tried that?

[Gazzab]

NickA555 said:

It's been a while since I've posted on this thread but I also still have my S5. Got it on a 2 year lease in March 2017 and then extended for another year which brought the monthlies down to £257. Was due to be collected on the 27th of March but I'm still contemplating taking them up on the 6 month informal offer. Has anybody taken them up on this offer?

I'm tempted to tell them that the six months can start once lock down finishes as I'm not paying that kind of money for it to sit on my drive each month thank you very much Audi! Either that or take them up on the offer and then ask them to put the next three monthly payments on hold. Anyone tried that?

Good luck with that.

[silentbrown]

Harris_I said:

They're implying that neither lessor nor lessee is required to insure it. That's just fine by me!

Clearly they think there is a minimal risk the car will be stolen or damaged in the time between the end of the lease and the point at which they collect. Personally I think they're nuts, but at least they're no longer being unreasonable in requiring an ex-lessee to insure their own property.

I thought you needed 3rd party insurance if the car was parked on-street, even if it's not used?

[talksthetorque]

silentbrown said:

Harris_I said:

They're implying that neither lessor nor lessee is required to insure it. That's just fine by me!

Clearly they think there is a minimal risk the car will be stolen or damaged in the time between the end of the lease and the point at which they collect. Personally I think they're nuts, but at least they're no longer being unreasonable in requiring an ex-lessee to insure their own property.

I thought you needed 3rd party insurance if the car was parked on-street, even if it's not used?

The cars will either be covered by the lessor’s/collector’s policy or they will self insure/ take the hit.

[Harris_I]

Given that they've now twice stated to me in the most recent emails that the car will remain uninsured, I believe they are implying it is self insured.

If I were VWFS, I would not take the risk of thousands of high value assets remaining uninsured. I'd just take a fleet policy and sleep easier.

[talksthetorque]

Harris_I said:

Given that they've now twice stated to me in the most recent emails that the car will remain uninsured, I believe they are implying it is self insured.

If I were VWFS, I would not take the risk of thousands of high value assets remaining uninsured. I'd just take a fleet policy and sleep easier.

When you are dealing with the volumes they are doing, its often cheaper to self insure than pay someone else to do it. They have access to repair companies, remarketing companies, why pay an insurer to do the admin and take some profit?

I