First lease help!

The Running Man

The Running Man

The Running Man

Caporegime
Joined
18 Oct 2002
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My sister wants a new car and does roughly 8k miles a uear. She is considering an ibiza 1.2 which is about £120 a month.

I have never leased a car and so don't know the full ins and outs or where to look for the best deals. Would anyone ve able to give me a steer?
 
have you considered the aygo or c1. nice tiny city cars.
lower payments and bear in mind that in all leases small things such as scratches et al may be charged for when you returned the car and servicing costs are also to be paid by you or for a slightly higher premium is taken care of by the leasing company.
 
Generally small scratches etc are not charged for. When you take a lease, before you confirm, you get the T&C's which show you whats allowed and whats not. Small scratches etc are ok, anything that you would normally repair anyway should be fixed before sending back

Generally tyres need to be legal before sending back, but hey, they should be anyway.

Mileage rates, check the extra charges for going over - some state Xp/mile but after a set amount the pence per mile goes up higher, just be aware.

It may be worth getting GAP insurance to cover the full value of the car should anything happen. Its not a lot, usually under £100 for 2 years

For normal insurance purposes the rules vary but most leasing companies will be the registered owner. Most of the big insurers are used to this and it wont matter, but worth remembering

Generally the process is very simple and the car will be delivered to you and picked up when the lease is done. Many will offer the chance for you to buy or extend the lease at the end.

Servicing as above, will be done to you unless you get maintenance but most new cars will only need 1 or 2 services depending on the term taken.

Don't pick a car you want, be totally open to something that meets the needs. Look for a good deal and not a specific model and you will save much more money. Be patient too as deals change every month or so. Many of the better deals are on "stock" cars.

That pistonheads thread is worth a trawl through to give decent info on deals available. Some deals don't exist, companies can be a bit ropey to draw in the customers.


A lease isn't for everyone. I like them, but only if its an amazing deal. Many people don't like them as you never "own" the car, but for me its all down to the total costs over the term for a car that meets the requirements. Run the calcs on a spreadsheet and total it all up.

Note that deposits are where most of the deals are made to look "cheap". Most are 3, 6 or 9 months up front but some resort to a larger number for the deposit to make the monthly charge look lower. Always just total and then divide it across the term to get the real monthly cost of course. For me a 6+23 suits me best.









edit: added more info
 
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Everything Axeboy says, plus don't add options like alloys, sat nav etc they will add the cost of the option onto the lease and split across your payments, so in the end you are paying for an option that someone else will own at the end of the deal. If there is something you must have, like sat nav, try to find a car that comes with it as standard.

There are some good deals about, also you can give a few brokers a call and give them your car requirements and let them do the work for you, I found Blue Chilli Cars to be good. When you have found a decent deal also ask the broker what sort of options you can have for free, I got Metallic paint free on my Clio deal as the lease company agreed that it would make selling the car on easier for them at the end of the lease.
 
Google search BVRLA damage guide. This is the industry standard and any leasing company worth their salt will at least mirror this standard
 
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