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Hi all,
I've just had a wage increase and was thinking of leasing a car instead of trusting a second hand car dealer which to be honest I've never had much luck with, from my experience they give you all the chat to buy the car then once driven away they don't give a toss...sorry to any honest dealers on here..
I can't afford a great deal, probably about £150 a month give or take a few quid, I only have my old V reg astra as any sort of deposit and probably wouldn't be interested or have the money in purchasing the lease car at the end of the lease period..
Does leasing a car include your insurance/tax ?
Any info greatly appreciated,thanks,Paul
Does leasing a car include your insurance/tax ?
Not normally.
Some deals can include a service package for the length of the deal.
Mileage - most headline PCPs are based on 5000/6000 miles per year. They will allow more but the monthly rate is higher.
Do you treat you car dirt? If so a lease/PCP may not be ideal as they expect them to be in a decent condition on return. If you go back to the same dealer for a replacement you may get a bit of leeway on this.
Not sure if it is different but I leased a VW a few years ago here in Germany . For a business leasing makes sense as you can put it under costs rather than asset under the German tax system. For insurance we had to sort that out ourselves but the servicing was covered under the lease agreement. At the end if the lease period they go over the vehicle with a fine tooth comb and put such a high price on repairs that it forces you to buy it. In our case anyway. I personally wouldn't do it again.... I'd rather finance a car.
I did it via Ling's cars. I apologise in advance for this website
Although it looks like an absolute car crash (no pun intended) it's actually by far the best leasing site around in terms of being up front and honest. Every permutation is there and the prices you see are what you'll pay. Her deals also have the smallest up front payments in my experience.
As for actually leasing, as was mentioned above if you're rough on cars or don't look after them, then it's probably not for you. Be prepared to get the car back to near showroom condition when you hand it back or face a bill for repairs
Skoda Yeti L&K 4x4 1.4tsi £2090 down and £135 a month. 16000miles/24month (GF)
Skoda Yeti SE-L 1.2tsi DSG £2090 down and £109 a month. 16000miles/24month (Mine)
Extra mileage at about 4ppm.
Got the local Skoda dealer to match simpsons Skoda in Colne (who were awful on the phone.)
The process was a pain as Skoda are mainly set-up for business lease but just coming into private lease - so naturally they wanted to sell me a car on PCP at £100 a month more!!
Both cars are top-spec (the L&K) - both leather. No admin and No car tax to pay. 3 Years breakdown and warranty.
Ask me anything else, I've leased on and off for a while now. And for me - it's a no brainier.
www.simpsonsskoda.co.uk/new-car-offers/pch-offers/
Your local dealer may or may no bite with these offers.
Thanks for the info so far
I do look after my cars to the extent of being a bit anal about it but obviously car park dents etc are unavoidable
Cheers
I've never had an issue sending a car back with any fees.
If it's bad - you get it fixed before.
You need to be clear on whether it's PCP or PCH - you're interested in as they're a different thing. Personal Contract Hire is literally renting/leasing with virtually no contractual way of buying the car at the end. PCP is buying the car with the option of giving it back or keeping it at the end if you make the final balloon payment - whilst keeping the monthly payment low.
Both have benefits but I'm less enamored currently with PCP for various reasons.
I lease (HP) mine through the company which makes sense as most of the miles are for business trips. As TMM says tho you need to keep it in good condition otherwise expect extra charges. I wouldn't have leased when my kids were younger and it was all boiled sweets in the upholstery!
Mine is a full service package with a hire-car made available in 2 hours if needed. It's a utility for me, like my laptop - without it can't do my job/get paid so leasing through the company works both financially and practically.
We also lease (PCP) my wife's car. When changing from her current 10 year old car, we looked at the options and for the 8-9000 miles a year she drives, leasing proved to be the best/easiest option.
I'm sure second hand cars/low cost loans are financially more attractive, but I don't want to tie cash up in a depreciating asset, nor do I want the hassle of buying and selling. So that makes leasing worth it for me.
Yeah I've got a VW Caddy on personal lease through VW.
3 Years with 10,000 miles per year (anything over that is charged at 6p per mile)
Tax and european breakdown cover included, I just have to sort out my insurance.
You could pay extra for free servicing, but since it's only due 1 service in the 3 years it wasn't worth the extra cost.
If you do get one over 3 years, you will have to put it through an MOT at the end of the contract.
Oh both ours are Skoda's as well. The business team gave me a monster deal as I was already a customer when mine was due to change and for my wife's we took advantage of the £1000 cash back, 0% finance offer they had. It was the latter which made the PCP the best option.
Those Simpsons Skoda deals popped up in an advert the other day, very tempting.
I was looking around the other day and came across this site that had some good deals on it
If you aren't bothered about latest models you can also get some amazing deals on old shape cars - my last car was an A6 Avant SLine 2.0TDi for two years and it was only £270 a month because the new model had come out. If I went for the new model it would have been another £130 or so a month.
I've just got a fresh car on Business Contract Hire (eligible because my employer pays me mileage allowance).
Citroen DS3 BlueHDi 120 6speed, it's fairly high spec, though no satnav. 60 - 70 mpg
No deposit, £198 per month, 18 month contract, 30,000 miles. Tax exempt.
I have to pay for one (minor - oil change and ad-blue top up) service at 16k miles. It should virtually halve my fuel spend, and only cost me one service in 18 months, as opposed to 2 services and an MOT, and general repairs on my old car. So actually very little monthly increase in cost to drive around in a brand new car (£16.5k's worth) and have no hassle.
When I looked at personal leasing it only really seemed to make sense if you had to have a new car and were prepared to pay a premium to have some of the hassles taken out of ownership. What it wasn't was a good way of getting a car if you didn't have a lot of cash so your choice of secondhand cars was limited. Sure it might just about work for the first lease period (where you have a car to sell to meet the initial payment) but unless your financial situation has changed (or you've saved enough for another lease initial payment) then you're screwed whereas if you'd bought a secondhand car at least you've still be able to use it or have still have something as a trade-in
I do through work it includes insurance, servicing and maintenance on a 2 year plan for Golf GTD 15k PA I pay just under £300.
Lease doesn't compare to second-hand. It's a way of having a new car.
Pros and Cons. You have to know what you are getting in to. But if a the lease is less than the new car is likely to depreciate over the term then there is not much point in buying IMO.
I would say all the decent 2nd cars I've owned - have depreciated a lot and cost a few quid to run. But I'm not into bangeronmics either.
There are always cheaper options on the 2nd hand market - if you want a 2nd hand car.
There are some silly cheap lease deals about at the moment on things like passats or tiguans as the new tiguan is out soon.
Just a case of shopping around and keeping the mileage low.
Hmm - since when has £611/month been silly cheap!
This is silly cheap in my opinion, if I hadn't just had a car I would have been tempted by this:
£611 is silly cheap? 😯
Oh look he edited his post.
^^^ I have been looking at Passsat Alltrack's and VW PCP works out at just over £500 a month on 48 month, 3k deposit and 20K miles pa. I then looked at a Skoda SEL Estate 4x4 on same terms and it is £150 a month less....
Deposit on a leader? Hmmmm!
Hmm - since when has £611/month been silly cheap!
£611 is silly cheap?Oh look he edited his post.
I posted the link from yesterday when it was £180 a month with a £600 deposit and then noticed when I looked today it is ludicrous so removed it, obviously not quick enough!
Passat ALLTRACKS were going for £1800 deposit and 23*£62 (inc VAT) from central vehicle leasing this week. Amazing deal, now over. Leasing really makes sense if you find a deal like that.
Doubt they had many to shift at that price.
If you don't understand the value of a new car, leasing is not for you.
Yeah that is silly cheap I bet it was a mistake.
Passat ALLTRACKS were going for £1800 deposit and 23*£62 (inc VAT) f
A typo?
Not a typo, though you could only have solid gray. Was ~£100 a month if you wanted a choice of colour.
That seems a crazy price.
Just doing the dance through work at the moment. We have to get 3+35 months, 20k full service and tyres. The new A4 avant s-line is looking favorite at £430/month at present although a 320d touring m sport can be had cheaper.
That seems a crazy price.
It is a crazy price! You could get a new model A4 Avant (1.4 petrol Sport, 1500bhp) for £1500 + 23*£100, earlier this month. There are some great deals out there is you know where to look.
So where do I look?
I think we need to have a PCP deal sticky thread!
There are so many options available to you, it's unbelievable!
If you want hassle free, how about the Peugeot 'just add fuel' offer?
3 year PCP that includes the car, insurance, tax & servicing. You're left with one payment to Peugeot every month plus what you pay at the pump. Easy.
Price up the car size, deposit & mileage [url= http://www.offers.peugeot.co.uk/just-add-fuel ]HERE[/url]
There's a huge ongoing thread on PistonHeads that get's updated daily.
Have a look [url= http://www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=1547940&i=4160 ]HERE[/url]
It is a crazy price! You could get a new model A4 Avant (1.4 petrol Sport, 1500bhp) for £1500 + 23*£100, earlier this month. There are some great deals out there is you know where to look.
where are these deals, I've never seen anything like that
edit - too slow, pistonheads thread.
Yeah if I saw something like that I would dive on it.
I think PCP needs clearly seperating from PCH.
Even I'd consider a lease at that price, but I need 20k miles pa and that always knackers it.
Interestingly, when someone posted some Touareg deals a while back, it was cheaper to get two of them @ 10k miles than one @ 20k miles ! Park them both on the driveway and alternate which one you drive each day 🙂
Leasing makes sense so long as you don't want a very specific car and don't load on the options.
If you look for a certain type of car, say an estate or 4x4 then look for what deals are around, that is the best way to do it.
If you add extras you will pay for those in the lifetime of the lease, so £1000 of options over a 2 year lease will cost you £40 per month, since they don't factor into the value at the end of the lease.
Our last 2 cars have been through Lings. Really easy to deal with a good rates. All the deals are 3+, so lower deposit up front and usually have some really good deals.
Watch out for 4 year deals as you will have to pay for any repairs needed. VED is always paid, but servicing is usually not - but a serviced option is usually available.
Some excess mileage charges are reasonable, around 4-6p per mile. Others can be really high, 15p+ so be aware of that.
Even I'd consider a lease at that price, but I need 20k miles pa and that always knackers it.
Add another 5k onto that for me. 🙁
FWIW the Pistonheads thread confirms that the Passat deal mentioned above was a mistake.
On that PH thread there is talk of some contracts not being too expensive on the excess mileage.I need 20k miles pa and that always knackers it.
One quoted was VWFS at 7.7ppm - which is at extra £64 a month if you get a 10k lease and drive 20k. That looks cheaper to me than getting a 20k lease.
(obviously - that's just from a thread I read 2 mins ago on the internet - take it with a pinch of salt)
+1
It's often cheaper to pay the excess mileage charge than to pay for the total amount contracted. I've come across some prices as low at 4ppm including VAT, however there are some that are as high as 35ppm PLUS VAT. Also, watch out for upper limits. Some leases are capped at, for example, 30,000/yr and if you exceed this there's a penalty.
In the majority of cases its cheaper to top up though. Just a cases of checking the Ts&Cs.
£100 a week, for a car that's never yours... 😕
That really doesn't sit well with me.
£2.6k for a bike I rode 5 times last year is ok though. 🙂
Lease via a work scheme and so the monthly fee comes off the pre-tax salary giving tax/NI advantages. It's an all-in scheme, so insurance, servicing, breakdown cover etc etc are all included. I just put the fuel in.
Rone, did you go with the 8000 miles a year?
I just looked at the Skoda link for starting point.
Headline - £135 per month ! Well that sounds quite good.
£2090 deposit, 8k miles pa, 7.2ppm excess mileage.
For my 20k miles pa: (£2090 + (23 x £135) + (24,000 x 7.2p)) / 24 = £288.46 per month effective.
Nearly £300pm. Much less interesting now.
johndoh - Member
Yeah if I saw something like that I would dive on it.
It was only bloody yesterday that you said most definitely you didn't want to lease a car:
That is what the garage recommended but I want to focus on buying rather than renting this time around.
[quote=FuzzyWuzzy ]When I looked at personal leasing it only really seemed to make sense if you had to have a new car and were prepared to pay a premium to have some of the hassles taken out of ownership. What it wasn't was a good way of getting a car if you didn't have a lot of cash so your choice of secondhand cars was limited.
Exactly. I appreciate some people do like a new car, but even on a contract it's a blinking expensive way of having a box to transport yourself around in. I'm not entirely sure if the OP is determined to have a new car.
Checking the ling prices, the cost to run what I currently own for 3 years is almost twice what I've paid in total including repair bills over the 3 and a bit years I've had that. OK so mine isn't new and shiny, but from a functional POV I'm struggling to see the difference, and I'm not sure shiny is worth all that money to me.
My Mrs is looking to buy a car to replace her nail of a thing that I'm currently being forced to drive.
Her options at the moment are other nearly nails at around £2000 which will be worth sod all in 2 years time.
On the other hand she could get that VW Up deal at £100 a month for 2 years and £100 deposit and enjoy hassle free motoring.
Seems something worth considering.
options at the moment are other nearly nails at around £2000
You can buy a perfectly good car and get years of hassle free motoring out of it for £2000.
It was only bloody yesterday that you said most definitely you didn't want to lease a car:
At that price for that car I could completely re-arrange my plans - I wouldn't get a micro car at that price on a lease 😉
You can buy a perfectly good car and get years of hassle free motoring out of it for £2000.
There really aren't that many cars around for less than 2k that will be as safe and efficient as a new motor. What sort of stuff would you go for?
"efficient as a new motor"
It would have to be a VERY efficient motor to make ANY savings at all from fuel after you factor in the monthly cost of the car....infact it would have to emit money as you drove along....
There really aren't that many cars around for less than 2k that will be as safe and efficient as a new motor. What sort of stuff would you go for?
My old Yaris and £1000 change?
I just looked at the Skoda link for starting point.Headline - £135 per month ! Well that sounds quite good.
£2090 deposit, 8k miles pa, 7.2ppm excess mileage.
For my 20k miles pa: (£2090 + (23 x £135) + (24,000 x 7.2p)) / 24 = £288.46 per month effective.
Nearly £300pm. Much less interesting now.
Yes, you've got to be able to make the deal work for you.
But two things - that's a £25000+ car, and I got a better price at 3.5ppm.
Doesn't always work for big milers - although it's worth asking them for a fresh quote based on your mileage rather than using the extra mileage figure.
It would probably be a better deal on PCP.
Rone, did you go with the 8000 miles a year?
Yes. You can have the quote for any miles.
My extra is only £35 for every thousand miles.
All comparisons with second-hand cars frustrate me.
It's silly. You are not comparing like for like. You can always buy cheaper but not if you want a brand-new car.
"Ooo I own a Turner Czar but could buy a perfectly serviceable Halfords' special from gumtree for £13."
Stupid comparison.
If people want to buy used cars - great - I've done that in the past but now like a *New* car.
It will see no wear and tear costs and no MOTS. For me it's worth that lack of hassle in spades. No Tax and 1 Service in two years.
I've just zipped down to the Alps and back. I wouldn't do that in a used that car that I purchased from week 1. Each their own.
And a Yeti is not a Yaris.
^ Agreed.
And I don't agree about being able to get a good car for £2k - you *might* get a good one, you could equally get a heap that requires expensive repairs.
All comparisons with second-hand cars frustrate me.It's silly. You are not comparing like for like. You can always buy cheaper but not if you want a brand-new car.
Correct, but if you're looking at PCP or HP as a way to a reliable car then it's not a daft comparison. There are perfectly reliable cars which are not brand new and will cost you a lot less over the period of ownership.
Correct, but if you're looking at PCP or HP as a way to a reliable car then it's not a daft comparison. There are perfectly reliable cars which are not brand new and will cost you a lot less over the period of ownership.
There is no way of being sure of that. Do second hand cars not depreciate?
Last second hand car I bought was a CRV - £10000, it was not cheap to service and lost about £3500 in two years.
I would be forced into someone else's idea of a car for my needs just for it to be cheaper.
Besides it's still not like for like. A second hand car is not a new car.
everything can fail and be hassle.....
new buys you a warrenty that lets you just throw the car back at them.
i wouldnt zip to the alps in week 1 ownership of any car new or otherwise.
Still remember my dad calling out the AA to his broken down BRAND SPANKING NEW vectra 120 miles on the clock when he phoned them.
They couldnt work out what had happened till they pulled the sump plug and found 50ml of oil - thats a new engine thank you.
I think we're going to go down the lease route when we decide to change the boss's 330.
It's been a great car but it does have a drink problem and with VED increasing each year it's got to the point where I'm not sure it's quick enough to justify the general running costs. It was bought second hand and based on WBA, its lost about £3k in three years so not too bad.
There are some cracking deals on Golf GTi's at the mo and my other half doesn't do many miles so we should be able to take advantage of the headline deals. Sensible deposit in the deal we're looking at too. Having got a few quotes on PCP's we can't get close on a monthly cost basis with a similar deposit etc.
The big downside appears to be the never ending cycle of finance / changing cars but if I'm honest are a couple of years I start to loose interest anyway!
There is no way of being sure of that.
A second hand car is not a new car.
This confirms - you are paying premium for a new car and confidence in a car. You are not bothered by cost.
I refuse to pay the premium, as I am not bothered about new and can be as reliable second had. I am bothered by cost.
The lease deals 'work' for low miles, small or fast cars IME, nothing else.
(And our 'old', 100,000 mile Galaxy tore past the Alps on the way to Southern France with five bikes, two canoes and us five for a fortnights holiday. I had no qualms at all about it making the trip.)
We lease a Nissan Leaf, it works out the same cost as running the previous car which was a 10year old multipla.. Most of that saving is the reduction in fuel cost though..
czthompson - MemberWe lease a Nissan Leaf, it works out the same cost as running the previous car which was a 10year old multipla.. Most of that saving is the reduction in fuel cost though..
This astounds me, I just looked at a leaf as a car for my GF as she wouldn't use it much and certainly not any further than half its range for a day, I thought it might work out cheap but its £330 per month on Lings!!! How were you spending that much on an old multipla? you can buy one on autotrader for less than the deposit lings want!
This confirms - you are paying premium for a new car and confidence in a car. You are not bothered by cost.
Not bothered by accounted for cost, I could buy a 2nd hand 10 year old motor for £2000 and it could need more than the cars worth of stuff doing in a years time.
Cambelts, mots, tax, etc etc. The right car at low payments can cost nearly the same overall with less hassle, I am only talking a small car here though.
I could buy a 2nd hand 10 year old motor for £2000 and it could need more than the cars worth of stuff doing in a years time.
How many £2000+ bills have you had in a year on a second hand car? That's some pretty poor research and buying skills if that happens.
FWIW the Pistonheads thread confirms that the Passat deal mentioned above was a mistake.
No shit!
How many £2000+ bills have you had in a year on a second hand car? That's some pretty poor research and buying skills if that happens.
I know naff all about cars. I have been given the shit treatment by 2nd hand car dealers before, and I'd pay a premium just to avoid dealing with that type of scumbag again. Unless you're a mechanic and in most cases even if you are, you have no idea what the seller or dealer could be hiding. Following previous experiences, I'd only ever buy used from a main dealer.
Following previous experiences, I'd only ever buy used from a main dealer.
Why not privately?
No shit!
How come you get to say shit and we can't ? 😀
Edit - ooh, we can !!!
The lease deals work for me. And I've had neither small or fast cars on lease.
It works out perfectly; all the leasers and purchasers of new cars help create a boyant second hand market for those who want to own second hand.
I've no interest in a 2K car, looking for one, paying for one or maintaining one. I did that between the years of 17 and 35.
I may revist that experience once I retire.
My nephew got real unlucky with his first car. A seemingly decent second hand deal for 2k actually.
Long story short the car was a disaster - we got nearly all the money back. It was 2k to insure too.
We got him a PCP citigo for £109 a month (£500 down) - and his insurance on a brand new car was £600. That's £1400 less than the used one.
Yep, it was way cheaper to insure a 9K brand new car than a 2K runabout.
I love my leased BMW. It includes tax and because it's a new car, there is no MOT or servicing to worry about. The price is the price. Mine was £300/ month, but you can still get great deals for ~£150/ month (eg Skoda Yeti).
Now that my lease has almost ended, I'm trying to save money by buying a used car and I'm finding it pretty hard to find anything that will work out as cheaper motoring. Given the cost of used cars, the depreciation, tax, MOT, servicing etc I think the right lease is probably as cheap as anything else.
Most are limited miles though so no good if you're doing big mileages.
Why not privately?
They don't seem to exist any more!!!! Every time I have looked, it's swiss tony type-w**kers only.
Yeah I'd second that. Fewer than 10% of cars listed on autotrader / eBay etc seem to be privately owned. At least in the age / mileage / style I'm looking for.
Probably because basically everyone is leasing new cars (or buying on PCP) so they all end up back in trade networks.
[quote=rone ]We got him a PCP citigo for £109 a month (£500 down) - and his insurance on a brand new car was £600. That's £1400 less than the used one.
Yep, it was way cheaper to insure a 9K brand new car than a 2K runabout.
I'm not entirely sure what you think that's proving. Probably the insurance on a s/h citigo would be £600 and the insurance on a new version of whatever he had before would be £2k.
[quote=Superficial ]Given the cost of used cars, the depreciation, tax, MOT, servicing etc I think the right lease is probably as cheap as anything else.
It's really not - I mentioned my figures above, to lease what I currently own for 3 years would cost almost twice the amount I've paid all in. If I wanted to I could sell it right now and reduce my costs to less than half the lease cost - instead I'll have an even cheaper next 3 years. If I'd got something a bit shinier s/h then my costs might be similar to the 3 year lease, but I'd still have a significant asset in the car. There's something seriously wrong with your calculations if that's what you reckon.
I get that people want to have a new car - that's fine, if that's what you want. But don't pretend that you're not spending a big chunk of money for the privilege of having a shinier box to transport yourself around in.
I'm not entirely sure what you think that's proving. Probably the insurance on a s/h citigo would be £600 and the insurance on a new version of whatever he had before would be £2k.
It's proving that the new car was cheaper to insure than the 2K runaround. You wouldn't get a Citigo for 2K (at least back then) so there is no comparison. For it to work in his case he would have to have a used Citigo on finance - and used finance is much more expensive from the dealer.
Maybe works if he'd have bought a used Citigo outright(which he couldn't have done) but then you could've had the money sat in the bank and be benefitting from a brand new one on 0%.
So yet again for my money that the new car wins out.
rone - MemberI'm not entirely sure what you think that's proving. Probably the insurance on a s/h citigo would be £600 and the insurance on a new version of whatever he had before would be £2k.It's proving that the new car was cheaper to insure than the 2K runaround. You wouldn't get a Citigo for 2K (at least back then) so there is no comparison. For it to work in his case he would have to have a used Citigo on finance - and used finance is much more expensive from the dealer.
Maybe works if he'd have bought a used Citigo outright(which he couldn't have done) but then you could've had the money sat in the bank and be benefitting from a brand new one on 0%.
So yet again for my money that the new car wins out.
No his point was if your 2k car was a Corsa then its likely a new version of that would be the same insurance. In buying a citigo you went into a different and much cheaper insurance band, so a fair comparison would've been a s/h car of the same ins-band. I.e. something also of shoe-box size proportions 😆
To add my son to wifes 10yr old 1.4 clio was just shy of £1000 to add him to the new 1.4 corsa was £500. New car was cheaper to insure than old car.