1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Good lease deals on less than great cars

Discussion in 'Motors' started by kaptainmarc, Feb 23, 2016.

  1. kaptainmarc

    Mobster

    Joined: Jul 19, 2013

    Posts: 2,533

    Location: derby

    A place to post up/discuss good lease deals.

    I have been toying with the idea of going lease now my annual mileage is under 10k.

    Thinking of fiesta ST/golf/mazda 3

    where are the best places too look for these lease deals

    (started another thread to stop people moaning in the other thread, They don't like us peasants in there)
     
  2. Jono8

    Caporegime

    Joined: May 20, 2007

    Posts: 27,682

    Location: Surrey

    Get out.
     
  3. Skillmister

    Capodecina

    Joined: Oct 3, 2009

    Posts: 18,944

    Location: Wales

    Starting a new thread for the extremely poor here
     
  4. grudas

    Capodecina

    Joined: Mar 12, 2008

    Posts: 19,863

    Location: West sussex

  5. Sirrel Squirrel

    Sgarrista

    Joined: Aug 5, 2003

    Posts: 7,691

    Location: Essex

    Here's the Audi A6 one I posted in the other thread :D

    edit/ scrap that, deals ended.
     
  6. kaptainmarc

    Mobster

    Joined: Jul 19, 2013

    Posts: 2,533

    Location: derby

    These cars are not welcome in the great car thread
     
  7. DAIR

    Sgarrista

    Joined: Jul 23, 2009

    Posts: 8,630

    Location: Wales

    You're damn right!
     
  8. Ricochet J

    Capodecina

    Joined: Jun 29, 2004

    Posts: 12,875

    Why wouldn't you just buy a 1 year old approved used Fiesta ST?
     
    Last edited: Feb 23, 2016
  9. Jamesyboyjim

    Mobster

    Joined: Oct 30, 2008

    Posts: 2,989

    Location: dirty south

    Was thinking the same, even a shop assistant could afford the monthly's on a Fiesta.
     
    Last edited: Feb 23, 2016
  10. Jono8

    Caporegime

    Joined: May 20, 2007

    Posts: 27,682

    Location: Surrey

    When i bought mine new ST, one year old approved Fiesta ST's were barely much cheaper than what you could get new ones from brokers for.
     
  11. kefkef

    Mobster

    Joined: Oct 18, 2002

    Posts: 3,912

    Location: Somewhere on the Rainbow

    The pistonheads threads are sometimes a good place, but often the less desirable deals get lost in a lot of talk about 'why' lease deals over buy, finance, loan etc. And also because a lot of folk on there talk about hiring the more high end versions of most cars, or the premium marques.

    www.contracthireandleasing.com is usually a good place to start. Email a few select lease companies and get put on their mailing lists (there's a few guys on the pistonheads forum who work for lease companies and will take your requirements also and email any decent deals), trawl like a man possessed and hope you hit a good deal!.....

    As an example I was looking for a deal on something like a Seat Leon or VW Golf when the wife's company car went back. Had pretty much got it to a Leon FR diesel for a 3+23+£250 fee deal at £240 a month (£6490 - £18.5k at Broadspeed so roughly 35% of cost new, so not a fantastic deal) when I hit on a decent deal for a Merc a180d Sport on a 1+23 deal at £229 (£5496 - £21.3k at Broadspeed so roughly 26% of new cost, which anything at ~25% I consider a great deal) totally by accident, I had one as a replacement car whilst the wife's car was being repaired before going back so just googled them. The lower you can get the % to buy price the better, and that's when the deals add up.

    Then you can spend an age on working out whether leasing or financing/loan is the right thing for you at that point in time.

    For me getting a really good lease deal is about not being fixed to a certain make/model, be flexible and there are some out there.
     
  12. [TW]Fox

    Man of Honour

    Joined: Oct 17, 2002

    Posts: 154,242

    This is absolutely key. As a rule, a lease is the most expensive way to have a car. It generally doesn't get more expensive than leasing.

    The exceptions come when there are manufacturer supported deals - perhaps to lift sales of a flagging model or to generate quality used stock for a few years time or whatever.

    It is THESE deals that it's crucial to get. This means, to get a good leasing deal you need to:

    a) Not have a specific car in mind. If you want a BMW 325d with Option X, Y and Z leasing is not for you. If you want 'some sort of premium saloon' and you don't care what, leasing might work.
    b) Not order any factory options. Options are almost always charged at full price divided by the term, its a ripoff.
    c) Be aware that most of these deals are for low mileages and ensure you either do low mileage or have factored the excess mileage cost into the deal
    d) Make sure you amortise the deposit over the term to give you an effective monthly cost! It's no good saying WOW ONLY 90 QUID A MONTH if the deposit is £3k!
     
  13. Amraam

    Mobster

    Joined: Jan 5, 2009

    Posts: 4,347

    Yup, very good points. When the time comes to sell my VRS, I'll be looking at what I can get for it and working how much I've paid on Tax, insurance etc, and then working out what costs more monthly on average over a 3 year term. The MKIII VRS PCH deal from Skoda looks good, but like you say, the deposit is £2k, so with the deposit, monthly fee, insurance etc, I'd be looking at £10k after 3 years. What I want to do is work out what I think I could get back by selling my car after three years (estimate I'd get about £3.5k-4k for it) and what I've spent on insurance etc and compare the two.

    Granted you can hardly compare like for like a brand new lease car against a 5 year old (when I bought it) used car with 60k, but no matter what car you buy (unless you look for something that you can guarantee to hold value like a collectable) it is going to cost you money, whether it be depreciation or 'rent'.

    SO far, unless I'm doing it very wrong, the leasing option is quite a bit more than simply buying an older car used, but then that makes sense really. It's a choice of spending less and paying to fix issues as they arise, or lease a brand new car and get them sorted under warranty, but risk getting robbed if they deem damage to the car (scuffs etc) to be user fault.
     
    Last edited: Feb 23, 2016
  14. kefkef

    Mobster

    Joined: Oct 18, 2002

    Posts: 3,912

    Location: Somewhere on the Rainbow

    Spot on Fox about the options, I really wanted an Auto but I wasn't paying the £1500 cost for someone else to get the benefit at the end of the lease, same with metallic paint at £500.

    There are exceptions as the Clio I also have came with a couple of options added on by the lessor (?) such as metallic paint, so always worth asking the broker if there are any free options available.

    The Clio is 4p a mile excess, the Merc is 7p a mile. I've seen some at 18-20p a mile excess for some premium marques.
     
  15. Spunkey

    Capodecina

    Joined: Oct 18, 2002

    Posts: 13,647

    Location: The land of milk & beans

    Back to the point of the thread, CVL have some special offers on 5dr Golf GTD manuals:

    £2k + 23, 5k miles, £162/month inc VAT. £5,726 total (£2,863/year)

    1+23, 5k miles, £258/month inc VAT. £6,192 total (£3,096/year)

    Admittedly 5k miles is a bit crap especially on a diesel. I'm waiting to hear back on some quotes for different deposits and mile allowances.
     
  16. Muffin`

    Caporegime

    Joined: Apr 21, 2004

    Posts: 33,100

    Location: Bristol

    are you haggling?
     
  17. The Chemist

    Hitman

    Joined: Jun 18, 2012

    Posts: 502

    Location: North/East London

    Anyone tried any of the recent Audi A4 deals? I dont know why these lease sites dont update deals that are no longer available on their site - inquired about the 1.4tfsi deal out of interest which no longer seems to be available due to the high demand and the 150ps tdi sline deal is no longer available as "it was very high spec and they couldnt get a million miles towards that spec with the fleet they have now" :(
     
  18. Skeeter

    Caporegime

    Joined: Mar 8, 2007

    Posts: 37,145

    Location: Surrey

    Wow, 5k, ouch. Thats the kind of limit that's going to make you reluctant to actually use the car you have paid for.

    When I asked for quotes for higher mileage allowances they always came back more than just paying the excess mileage charge. So I've taken a least at 8k a year, expecting (and budgeting) to do more like double that.
     
  19. kefkef

    Mobster

    Joined: Oct 18, 2002

    Posts: 3,912

    Location: Somewhere on the Rainbow

    VW are one of the better mileage costs, think when I enquired on a couple it was 6p + VAT per additional mile, so on 5000 miles that's £360 per year to settle at the end of the contract or an amortised cost of an additional £30 per month. One thing to check (and get in writing) is that there is no ceiling to the additional miles you can do over the length of the contract.
     
  20. Skeeter

    Caporegime

    Joined: Mar 8, 2007

    Posts: 37,145

    Location: Surrey

    7.2p (6p +VAT) is the charge I have on a Skoda lease taken out in November, and as you say all the other VW brand leases I looked at were the same.