Great idea, looking forward to seeing the deals.
Chaps,
A topic that gets debated and lots of questions asked so thought it may be good to put them all in one place.
I have ditched the car purchasing malarky now for the past two years and have two fantastic leases running on a new Golf R and S line Q7 which work out a fraction of what the depreciation figure would be over 24 months, plus a (very) small return on the invested monies that would have been spent.
If you are in the market place for purchasing 4yo+ cars then leasing is not for you, but if you are wanting a new standard spec new car and open to consideration of the various manufacturers then it is worth looking and doing some homework. On the subject of extras, if you start adding then the price climbs as you are effectively paying, in many cases, for the total of these over your term.
The other consideration is mileage. If you are a 15k miles per year driver then you will struggle to find a good deal but around 10k a year it makes sense. Excess mileage charges are to be factored and in many cases it is worth looking at a lower annual mileage and paying the the additional at the end of the term.
Over the course of the year I do get some cracking offers sent to me and I will add these as the hit the mat. New deals pop up at the start of a quarter which do run on calendar basis not financial.
Cracker this month was a VW Golf GTI deal that ran for 48 hours which was circa £4,600 over 24 month term for 5k miles per year. Excess mileage was only 7.2p also which made this an absolute steal. I nearly jumped as the R's lease ceases in March, but those very nice folk at VWFS popped up with a loyalty campaign for existing Golf R customers which knocked close on £5k off the current lease deals, madness.
I am sure others who are more informed will add to this and the ifs and whys for's, but lets not turn this thread into a bun fight of he said she said or folk bemoaning this route to a new car.
This thread is here to inform and offer assistance to anyone interested and useful guidance, not a slagging match.
Ta
Great idea, looking forward to seeing the deals.
Good idea for a thread. I follow the one on Pistonheads too, I got our current lease from a deal posted on there.
I have also had a couple of loyalty deals through the Golf gti 2k down 23 months £89 per month plus vat and the other was BMW Gran Coupe 4.2 v8 2k down 23 months at £279 plus vat.
It'd be useful to post a link to the deal, or at least name the lease company and share as much info as possible.
If you hunt around there are great deals on the skids superb at around 129 per month and the new A4 starting at 180 per month, these are including VAT. My pick is the new A4 allroad which is coming in at under 280 per month. Check out freedom contracts for the latest deals. No affiliation other than I have sourced a few via them now.
Popped up this morning.
Golf 1.6TDI GT Edition 5DR Manual on Personal Contract Hire.
18" alloys
Sat Nav
Panoramic Roof
Parking Sensors
5,000 miles per year, 7+VAT per mile excess
24 month contract
£197.98 per month = £4,751.71 (VAT inclusive)
Shopping around should better that
Excellent thread. My partner is not going back to work after having a baby so she'll be handing back her company car. She's told them and they have let her keep it for now but in the next few months we'll need something so this will come in handy.
I got a new BMW 640 Gran coupe last year and the deal was fantastic. They are even cheaper now.
That is silly cheap
I was in the market for a used GTi arounf late July. They were towards 30k for a 1-2 year old car depending on spec etc
30k was too much, IMHO, for that car and so I got something else. But at 4.6k for two years, it would have been a complete no brainer. Just wow
https://www.centralukvehicleleasing....L-EDITION.html
There goes bud
Fantastic thread. Thanks to OP. I'm halfway through my skoda yeti 24 month lease (first lease I've ever had), and I'm very happy with the way things are going. Currently have another car which was the wife's but has now become mine as she's nicked the yeti. I'd be happy to sell that and get another on lease so please keep the good deals up. I did see a thread on pistonheads about a Passat allroad but I was too late, if anyone knows any good deals for these then please post away. Cheers guys 👍🏻
A friend of mine is pretty high up the food chain with Arval, a huge (possibly biggest) UK car leasing company. Some of the deals he can procure are amazing.
Have a look at the website if you're interested.
Big but nowhere near Lex Autolease (lloyds). Last time I saw the fleet figures, it was more than twice the size. In fact, googled: http://www.fleetnews.co.uk/fleet-leasing/fn50-data/
All these companies quoted in the thread are brokers, probably find the loans will all be underwritten by fleet companies in the top 5 of that list.
Their websites don't need to be set up for personal contract hire, they'll deal with volume fleet and let the brokers/supplying dealers deal with you.
The Passat deal earlier in the year can never surely be repeated.... The quote I had was for the 190 DSG Alltrack loaded with standard kit and it worked out at under £4,000.00 for two years based on 5,000 miles per year. Excess was only 7.2p so another 10,000 miles was only 700 quid.
Pitch
I'm assuming these lease deals being mentioned aren't including a deposit??
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My current PCP is up for renewal next year so I'll keep an eye on this thread.
As the post above suggests it might be helpful to mention the deposit requirements.
Just starting to look around for wifes new car
She currently has a Fiesta Zetec S which was £700 up front, £118 a month on 6+23 , so £3400 over 2 years, £1700 a year
Looking she can get the new Fiesta ST-Line, basically the same as she has but with 140hp instead of 125hp, for the same money.
She's not fussed what she has, anything will do, but can't really see anything cheaper out there, i can get a citroen C1 on an 18month deal which works out at £1520 a year, but for only a £180 saving per year, i'd rather the fiesta.
Any bargain small car leases out there?
Brighty
PS, if anyone spots a good deal on a Skoda Superb Estate SE Tech 2.0TDi, give me a shout
They just seem to good to be true, especially some of the R deals. My pcp deal included a £6k deposit and then 36 monthly payments for a merc.
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Which R deals? I haven't seen any current deals.
It's just a matter of time...
I've just had a little 1.6 diesel DS3 for just over 700 down + 23 x £118 for 10000 miles. Seemed like a good deal as works out at £1724 a year.
Girl at work got a Cayman S for £4k down then £398 per month! 2 year deal
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I was hoping this thread would highlight great deals as they become available rather than anecdotal accounts if previous good deals.
Can't win em all!
I just can't get these schemes to work at 30k miles plus a year. Are there people that only do 5k miles a year? I'd polish that annual mileage off in a couple of months.
Got mine from this place. This is a good deal if you just want transport.
This looks like a good deal:
https://www.centralukvehicleleasing...._tip_auto.html
Cheap monthly anyone?
https://www.centralukvehicleleasing....115_s_5dr.html