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So I'm looking for a couple of lease cars for me and Mrs OS and STW seems to have experts in absolutely everything so I'm hoping to find some carleaserists that will help me...
What I am finding is that the prices change almost daily and the fluctuations are massive - I'm talking £50-60 per month on a £380 per month lease.
How/when can I find the best deal?
I've been looking at autoleasecompare.com (amongst others but alc seem to have the best prices generally) and I realise that car sales are split into quarters and that 1st April is the start of a new quarter but the price fluctuations are a mystery to me. I mean the OTR prices can't be changing every few days surely?
Anyone have any insight as to when are the prices likely to be at their lowest or any tricks to find the best deal?
Is there an "optimum" time to get a quote? I'm conscious that if I want a factory order car that I am running out of time to get one for July so, do I wait for a good deal on a stock car or get my order in quick...?
end of the quarter, for cars pre registered a quarter ago.
pre registered a quarter ago.
Forgive my ignorance but what does that actually mean?
Leaseloco.com too.
The really good deals tend to be on things in stock. Else it’s stuff that the manufacturer is providing a lot of support for (ie lots of build slots unsold, so they’ll offer on favourable lease terms). Lots of brands just had their pricelist revisions and if you’re looking at electric then the plug in car grant just got changed hence lots moving about.
Either way there’s generally a finite number of cars to go before the price will revert to something higher. If it seems good value on a car you want then best to just get it ordered (and stop looking!). It might be a bit cheaper next week but could also disappear completely. No way of knowing when the perfect time is until it’s passed.
Nope, still none the wiser! 🤨
I don’t think the companies that sell lease deals understand it either. The prices are worse than Bitcoin for fluctuations.
You’ll never get a great deal on a factory order as the lease company will need to go to a Retail Dealer to secure.
As said you need to look for pre reg where plate is about to go onto next number. Especially true of cars north of £40k.
pre reg where plate is about to go onto next number.
I got my last company car like that. I had 3 criteria: short lead time, low BIK & cheap lease. Struck lucky one day in Feb when some pre reg outlanders came available. Mine was registered in Dec and a new reg was due in March so they needed moving on.
The lease on mine was £150 per month less than the same car one of the directors had and I was doing 30,000 miles vs his 10,000 a year.
Ideally you need to not have a preconceived car you want nor want extras and be prepared to act quickly.
As others have said, prices will be good if there are build slots to fill or there’s a model run out.
Also, it can be a bit like airline prices- the more people look, a price can change as they think there’s a demand.
They may have 100 cars to shift and offer a lease at a bargain
£200. Doesn’t mean all will be sold if they get 100 queries, they may limit this price to 20 units. Then the price goes to £250 and again it’s limited. After demand trails off and it’s close to the deadline to sell by, the price may drop a bit.
There is no rhyme or reason - just decide on the sort of car you want and accept some compromises. I recently got a Merc GLC AMG-Line 300d for significantly less than a bog-standard GLC because it was in stock and just happened to be a colour they wanted to move. It’s costing me about £150 a month less than they are going for now (on identical terms).
But I wasn’t fixed on that car - I’d have happily got a Q5, XC60, Tiguan etc if the right deal had come up.
Ideally you need to not have a preconceived car you want nor want extras and be prepared to act quickly.
This seems to be key. The price can fluctuate way more than £50-£60 too. If you’re looking for a specific car you have to be very lucky, but keep an open mind and there are plenty of options around.
You need to be watching the prices for a period of time and just go when you think it’s a good deal
Premium brands are better value to lease as they depreciate less.
There is no art to it or haggling which is what I like. The price is the price on the day. Unlike buying through a car dealership which is painful in comparison
Leaseloco does a graph thing of the prices of a particular vehicle over time. I’m not sure how accurate it is though
Just looked at the latest pistonheads thread and appears to be zero good deals around at the minute, usually that thread is full of deals