Recommend a family car for lease? the cons of leasing?
Discussion
Hi
Looking into leasing a second car for the missus - something along the lines of a ford focus.
Any recommendations for anything different?
can anyone recommend a company to lease from aside from your local garages/google results - any personal experiences?
finally it does seem a lil too good to be true - so what kinda things are designed to catch the person who's leasing the car out?
Looking into leasing a second car for the missus - something along the lines of a ford focus.
Any recommendations for anything different?
can anyone recommend a company to lease from aside from your local garages/google results - any personal experiences?
finally it does seem a lil too good to be true - so what kinda things are designed to catch the person who's leasing the car out?
Leasing can catch you out on;
High mileage.
Minor damage.
Unexpected Fees.
In general, most decent lease companies give you what you pay for, they aren't the sneaky scammers they have a reputation for.
Although I'm sure those dodgy companies exist somewhere offering lower rates with higher penalties.
High mileage.
Minor damage.
Unexpected Fees.
In general, most decent lease companies give you what you pay for, they aren't the sneaky scammers they have a reputation for.
Although I'm sure those dodgy companies exist somewhere offering lower rates with higher penalties.
MadMullah said:
Munter said:
fo' real!?A lot of the "Lease Companies" online, such as Lings, are just brokers so your lease is with one of the big name finance houses (eg. Lex on behalf of Volvo in my case).
As has been said above, they'll sting you for repairs beyond "wear and tear" but if you were trading in a car you'd bought instead of leased then they'd knock off a similar amount anyway.
The biggest problem I've found is keeping to the agreed mileage. I've under driven mine by about 30% so could have saved a few quid.
As has been said above, they'll sting you for repairs beyond "wear and tear" but if you were trading in a car you'd bought instead of leased then they'd knock off a similar amount anyway.
The biggest problem I've found is keeping to the agreed mileage. I've under driven mine by about 30% so could have saved a few quid.
Truckosaurus said:
The biggest problem I've found is keeping to the agreed mileage. I've under driven mine by about 30% so could have saved a few quid.
one rate i've found was by toyota at 8p a mile to go over..ideally i'm looking for a contract around the 15000 miles region which can be found...
Snowboy said:
Leasing can catch you out on;
High mileage.
Minor damage.
Unexpected Fees.
In general, most decent lease companies give you what you pay for, they aren't the sneaky scammers they have a reputation for.
Although I'm sure those dodgy companies exist somewhere offering lower rates with higher penalties.
This +1High mileage.
Minor damage.
Unexpected Fees.
In general, most decent lease companies give you what you pay for, they aren't the sneaky scammers they have a reputation for.
Although I'm sure those dodgy companies exist somewhere offering lower rates with higher penalties.
Any car park dent or mark will make you nervous, as you may have to pay for it to have it rectified, or pay a fee at the end of a term, something which you normally would leave on the car if it was your own. A simple scratch? Pay for it to be repaired or accept a fee at the end of the term... Never again for me...
I didn't have a problem when I returned a leased MX5 with a couple of (very small) scuffs and a little bit of kerbing - there was no charge.
I have heard some horror stories from friends though, it all seems to be down to the company financing it. Mercedes in particular seem to be really bad.
I have heard some horror stories from friends though, it all seems to be down to the company financing it. Mercedes in particular seem to be really bad.
I've returned two Mercs and they've not charged anything extra, one door had a parking ding but as it was smaller than their allowed wear and tear, no charge. All of this is detailed on the lease docs and in the return preparation info on their website, there's no reason to no know the rules, it's all obvious.
It's not hard to return a lease car and avoid charges, just don't trash your car
I'd wager that all people moaning are just chancers that didn't care for the car that well and hoped nobody would notice.
It's not hard to return a lease car and avoid charges, just don't trash your car
I'd wager that all people moaning are just chancers that didn't care for the car that well and hoped nobody would notice. I work for one of the biggest and most reputable vehicle leasing brokers in the country so i have first hand experience. I can say that most major leasing companies ie LEX, Network, ARVAL etc do not set out to charge their customers at the end of the contract. Its just a basic rule that while you are leasing a car you have to look after that car, understandable i think.
Be careful who you deal with. Unfortunately brokers have been given a bad name by the ones that work from a bedroom at home and don't really value the customer at all. Make sure you choose a broker that has a good name. Look for reviews, nothing tells you how good a company is better than the customers that have used them and had a first hand experience.
I'm always happy to help with any questions from an impartial point of view.
Be careful who you deal with. Unfortunately brokers have been given a bad name by the ones that work from a bedroom at home and don't really value the customer at all. Make sure you choose a broker that has a good name. Look for reviews, nothing tells you how good a company is better than the customers that have used them and had a first hand experience.
I'm always happy to help with any questions from an impartial point of view.
MadMullah said:
finally it does seem a lil too good to be true
This is probably really obvious, but there is no "get out" option from the lease. It's a fixed term agreement that couldn't care less if you get made redundant & can't afford to pay etc.A mate of a mate took out a lease about 2 years ago on a very nice 5 series. Was all going well until he was made redundant 6 months in & then the £600 monthly payments seemed very expensive...
The really daft thing was he was offered a "free" company car but didn't want the base spec 318d so took the car allowance instead!
Truckosaurus said:
A lot of the "Lease Companies" online, such as Lings, are just brokers so your lease is with one of the big name finance houses (eg. Lex on behalf of Volvo in my case).
As has been said above, they'll sting you for repairs beyond "wear and tear" but if you were trading in a car you'd bought instead of leased then they'd knock off a similar amount anyway.
The biggest problem I've found is keeping to the agreed mileage. I've under driven mine by about 30% so could have saved a few quid.
Give Volvo Car Leasing a call about your mileage - they will revise and lower your monthly payments (so long as you have at least 6 months left on your contract). May as well benefit from the spare mileage you have on the agreement.As has been said above, they'll sting you for repairs beyond "wear and tear" but if you were trading in a car you'd bought instead of leased then they'd knock off a similar amount anyway.
The biggest problem I've found is keeping to the agreed mileage. I've under driven mine by about 30% so could have saved a few quid.
rfoster said:
Give Volvo Car Leasing a call about your mileage - they will revise and lower your monthly payments (so long as you have at least 6 months left on your contract). May as well benefit from the spare mileage you have on the agreement.
Sadly it is/was only an 18month lease and car goes back tomorrow.My wife's v60 goes back in a month and were 2000 miles over the allowance and the wheels are scuffed.
Wonder what they will charge us.
But at £200 for 3+17 months, I'm not sure id be 2 unhappy around the £500 mark
They have offered us the car for £16400, or continue the the lease for 280pcm
Think we'll pass
Wonder what they will charge us.
But at £200 for 3+17 months, I'm not sure id be 2 unhappy around the £500 mark
They have offered us the car for £16400, or continue the the lease for 280pcm
Think we'll pass
Edited by homerjay on Thursday 24th October 21:35
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