Apparently for those in the trade, the above deal is possible. You cant get it as a general lease wanting punter. fortunately my uncle is in the trade and can do this for me.
Basically, you get say a Vaxhaul Corsa on a lease deal at £140 a month for two years. Total spend of £3360. Then at the end of that term, you can buy the car for its 'auction value' - which, is tradidtiaonlly 40 - 50% less its list price. So say, £6k. Therefore, total pay is around £9k for a car worth 11k which you can sell immediately for about £7 - 8k. So you loose just 2k in total over two years for a car which you dont pay any tax on because its a lease vehicle AND its under a full Vaxhaul warranty for the duration.
So the above may be a bit convoluted but true.
Im in a situation where my beloved yet totally crap pug 405 1.9DT is dieing (stuttering during acceleration due to water in the fuel system) and will eventually pop and i need to get a new car before it does so. Its certainly not worth chucking casj at it.
Only prob with the above lease deal is not getting the scrappage scheme deal for the pug.
Has anybody heard of the above or have any advice please? im in muddy water here and could use some clarity please.
thanks as always
Basically, you get say a Vaxhaul Corsa on a lease deal at £140 a month for two years. Total spend of £3360. Then at the end of that term, you can buy the car for its 'auction value' - which, is tradidtiaonlly 40 - 50% less its list price. So say, £6k. Therefore, total pay is around £9k for a car worth 11k which you can sell immediately for about £7 - 8k. So you loose just 2k in total over two years for a car which you dont pay any tax on because its a lease vehicle AND its under a full Vaxhaul warranty for the duration.
So the above may be a bit convoluted but true.
Im in a situation where my beloved yet totally crap pug 405 1.9DT is dieing (stuttering during acceleration due to water in the fuel system) and will eventually pop and i need to get a new car before it does so. Its certainly not worth chucking casj at it.
Only prob with the above lease deal is not getting the scrappage scheme deal for the pug.
Has anybody heard of the above or have any advice please? im in muddy water here and could use some clarity please.
thanks as always
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
