Generic lease deal questions

[matt21]

I get the basics, but having never done it have a few more questions.

1. can you negotiate on the prices you see on the web?
2. Where does the car actually come from. Through BMW dealer or delivered to your house via lease company?
3. Do you pay initial installment when car arrives or when order is placed?
4. Typically how sensitive is price to spec and mileage?
5. If you up to 3 years does price come down?
6. What happens after the term is up. Does someone pick it up and take it away?
7. Can you buy from lease company at end?
8. Who owns car on v5?
9. Are they meticulous in making you pay for stonechips, kurbed wheels etc?
10. What's a typical excess mileage charge?
11. Do you pay servicing, tyres etc and must it have minimum tread upon return?

Lots of questions, please answer any if you have experience and can be bothered.

Cheers

[CaptainSlow]

1. can you negotiate on the prices you see on the web? - Rarely, but possible.
2. Where does the car actually come from. Through BMW dealer or delivered to your house via lease company? Usually from the Dealer.
3. Do you pay initial installment when car arrives or when order is placed? A deposit is often taken.
4. Typically how sensitive is price to spec and mileage? It is sensitive, mileage more so - depends on if maintenance is included.
5. If you up to 3 years does price come down? Yes
6. What happens after the term is up. Does someone pick it up and take it away? Yes
7. Can you buy from lease company at end? Depends on lease type, contract hire - no, contact purchase - yes
8. Who owns car on v5? the lessor
9. Are they meticulous in making you pay for stonechips, kurbed wheels etc? Google BVRLA return standards
10. What's a typical excess mileage charge? Varies a lot depending on lessor/car/maintenance
11. Do you pay servicing, tyres etc and must it have minimum tread upon return? Depends on contract.

[S798]

1. IME, no. Others may be more successful than me!
2. Via Dealer.
3. Usually sometime between the two. Mine was about a month before delivery (2 month lead time).
4. Spec very, Mileage less so. Depends on the car.
5. The average monthly price usually comes down, yes.
6. Yes, they will call you to arrange a collection/handover.
7. Contract hire, no.
8. The lease co or manufacturer's internal lease co.
9. Yes, but there are standards out there that they must follow.
10. Varies. Mine is 5p/mile for the first 30% over contract, and 10p/mile after that. All plus VAT.
11. Yes, yes and yes but only if you don't have a mainteance package. Add maintenance and service/tyres can be included. Work out whether it is good value or not first though. Sometimes I've seen it for £5-6pcm more, other times it's £50+++ more so probably not worth it, depending on the car.