Lotus Leasing?

[boobles]

Anyone done it or tried it? What are the downfalls if any of trying it please? Any advice much appreciated.

[rfoster]

I've leased one (company car) - I also work for a leasing company. Leasing it personally doesn't have any benefits over taking a PCP style agreement, in fact you're usually better off taking the PCP option, particularly if you need to settle the agreement before the end of the term as leasing termination costs can be quite high (circa 50% of remaining rentals, just to hand the vehicle back to the finance company.) With the PCP option you have the vehicle's value to offset against any settlement figure.

However, if you're VAT registered then the benefits of leasing are more evident - the monthly costs are significantly lower than any form of purchase. Have a quick look on my site www.newcarcontracts.com for further information of all the finance products available - I also have prices for most Lotuses on there. (SC versions to be added in the new year. Note, all payments shown are plus VAT.)

[boobles]

Cheers for this info mate, much appreciated.