I'm really not up to speed to lease deals and pitfalls to be wary of, so i'd appreciate some help understanding where i've messed this up as it looks to good to be true.
Wife gets a nhs lease scheme from work, using salary sacrifice.
There is an offer of the following:
BMW iX ESTATE 240kW xDrive40 M Sport Edition 76.6kWh 5dr Auto
For a 12,000 mile a year lease its working out at £500/month (£6,000 year)
We probably spend about £1000 on things like insurance / servicing / tax and tyres and that's all included in the price above.
Then theres the savings in diesel vs petrol, using this it works out to a saving of about £800 a year. (https://www.zap-map.com/tools/journey-cost-calculator/)
So the true cost of owning this £80,000 car for 3 years is about £350 a month!
When i look at this car via lease deal websites its quoting an £8,000 upfront and £800 a month! But theres no deposit on this deal.
Too good to be true so what have i messed up.
Wife gets a nhs lease scheme from work, using salary sacrifice.
There is an offer of the following:
BMW iX ESTATE 240kW xDrive40 M Sport Edition 76.6kWh 5dr Auto
- Fully comprehensive insurance, including 4 additional drivers
- Routine servicing
- Tyre replacement
- Breakdown cover
- Vehicle excise duty (car tax)
- Windscreen replacement cover
- No deposit
- No credit check
- Monthly deductions taken directly from salary
- On the road support from a dedicated Aftercare Team for the duration of your lease
For a 12,000 mile a year lease its working out at £500/month (£6,000 year)We probably spend about £1000 on things like insurance / servicing / tax and tyres and that's all included in the price above.
Then theres the savings in diesel vs petrol, using this it works out to a saving of about £800 a year. (https://www.zap-map.com/tools/journey-cost-calculator/)
So the true cost of owning this £80,000 car for 3 years is about £350 a month!
When i look at this car via lease deal websites its quoting an £8,000 upfront and £800 a month! But theres no deposit on this deal.
Too good to be true so what have i messed up.