Good lease deals on less than great cars

dlite · 23 Feb 2016 at 16:21

Spunkey said:
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.

8k / year hardly increases the price much, however 10k bumps it considerably.

Cleisthenes · 23 Feb 2016 at 16:37

A colleague of mine has just put a deposit down on an A200d AMG line with premium pack and night package. He's paying £190 a month and £8k down.

Is it me or is that a hell of a lot of deposit?

It's for a PCP deal I believe over 36 months.

SDK^ · 23 Feb 2016 at 16:47

^ re: deposit - it depends what the final payment is to keep the car.

Cleisthenes · 23 Feb 2016 at 16:48

SDK^ said:
^ re: deposit - it depends what the final payment is to keep the car.

If we assume that he is almost certainly not going to buy the car at the end, what are your thoughts?

The Chemist · 23 Feb 2016 at 16:53

Cleisthenes said:
If we assume that he is almost certainly not going to buy the car at the end, what are your thoughts?

Did he go through a broker or dealt with the dealership direct? Seems like a large sum of money (14840 not considering other factors) if he doesnt intend to buy it at the end of the term. Any idea what the GFV is?

SDK^ · 23 Feb 2016 at 16:54

Nearly £15k to borrow a Diesel A class for 3 years - sounds like a bargain

I guess the lure of AMG, Premium and Night Packs was too much.

Cleisthenes · 23 Feb 2016 at 16:58

SDK^ said:
Nearly £15k to borrow a Diesel A class for 3 years - sounds like a bargain
I guess the lure of AMG, Premium and Night Packs was too much.

Exactly this I think. I've tried to convince him to go for the petrol as he only does up to 12k a year so would probably be better for the short journey style of driving he does.

He went through a dealership directly. Not a clue on the GFV, he probably doesn't even know

grudas · 23 Feb 2016 at 17:04

Cleisthenes said:
Exactly this I think. I've tried to convince him to go for the petrol as he only does up to 12k a year so would probably be better for the short journey style of driving he does.

He went through a dealership directly. Not a clue on the GFV, he probably doesn't even know

lol my step dad does 8-10k and he refuses to go petrol because OMG IT COSTS SO MUCHO

iaind · 23 Feb 2016 at 17:10

Wasnt there an E Class AMG Sport Night Edition Turbo CDI AMG Edition lease offer a few weeks back for about £250pm?

mattyg · 23 Feb 2016 at 17:11

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

What would I use for the other 49 weeks of the year

The Chemist · 23 Feb 2016 at 17:12

Cleisthenes said:
Exactly this I think. I've tried to convince him to go for the petrol as he only does up to 12k a year so would probably be better for the short journey style of driving he does.

He went through a dealership directly. Not a clue on the GFV, he probably doesn't even know

Sounds about right then. Wonder how much going through brokers would have cost him? Would have gotten a much smaller deposit iirc.

kefkef · 23 Feb 2016 at 17:21

Cleisthenes said:
A colleague of mine has just put a deposit down on an A200d AMG line with premium pack and night package. He's paying £190 a month and £8k down.

Is it me or is that a hell of a lot of deposit?

It's for a PCP deal I believe over 36 months.

Surely the £8k just lowers the monthly payments. Think the MB offers are currently 6.4% APR, so £14.8k over 3yrs. You could probably say about £27k after negotiations for the value. Final payment is probably going to be around £16k taking to account the amount for credit. But then you just chop it in for your next one using some of the value you've paid as the next deposit.

Not the same as leasing though where you wouldn't get the option of a final payment, so can still have some form of return on the money you have paid into it.

SDK^ · 23 Feb 2016 at 17:30

You can lease an A200d AMG for £9,600 over 3 years (8k miles per year). He's paying £5k more for a few options!?!?

https://www.nationwidevehiclecontracts.co.uk/Mercedes_a-class-new-model-a200d-amg-line-67546.htm

kefkef · 23 Feb 2016 at 17:34

And some potential equity if he chops it in at the end against another pcp.

SDK^ · 23 Feb 2016 at 18:11

kefkef said:
And some potential equity if he chops it in at the end against another pcp.

Well great - you pay Mercedes to look after your money for 3 years. Sounds an awesome deal

[TW]Fox · 23 Feb 2016 at 18:20

SDK^ said:
Well great - you pay Mercedes to look after your money for 3 years. Sounds an awesome deal

The mental gymnastics that goes on around PCP is just stunning

hurfdurf · 23 Feb 2016 at 18:47

[TW]Fox;29206678 said:
The mental gymnastics that goes on around PCP is just stunning

People who cant afford cars but want them are hilarious, gotta keep up with the Joneses though eh.

Had a guy with a poverty spec SLK think his car was faster than mine for about 6 months and couldn't understand that it wasn't an AMG (he was an idiot in many ways), found out recently that he had to trade it in for a new poverty spec 1 series because he "fancied a change".... I am guessing it had something to do with his lease deal being up and not being able to afford another go.

Jono8 · 23 Feb 2016 at 18:48

[TW]Fox;29206678 said:
The mental gymnastics that goes on around PCP is just stunning

He had a point in a way. That £5k extra in comparison to leasing could be made up if he does a lot of mileage compared to the lease (for example if he did something like 15-20k a year) and also if he sells/trades it compared with just handing it back (as 99% of the time I believe the GFV is a decent bit lower that what the car will actually be worth).

If he doesn't do many miles and does intend to just hand it back after 3 years, then yes it is a bit silly.

Blackhawk47 · 23 Feb 2016 at 19:07

Its like you think that buying outright means you don't lose anything in terms of depreciation...

ivrytwr3 · 23 Feb 2016 at 19:13

Mercedes-Benz A CLass A180d SE 5dr - 24mth Personal Lease - 23 x £170.99pm + £1,025.94 upfront - Total £4,958.71 @ Evans halshaw lease

No of Payments 23
Monthly Payment £170.99
Initial Customer Payment £1,025.94

8,000 miles per annum
No Admin fee
FREE UK Mainland delivery
Road Tax included for duration

http://www.evanshalshaw.com/car-lea...mail&utm_source=CMA_EVANSHALSHAW&utm_content=