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What's happened to the car lease market? Deals out there at the minute are nothing like they were 2 years ago, nothing really taking my fancy so I've managed to secure an old diesel a3 Audi from a mate who's a dealer. Can I blame brexit for my wife now looking as tho we have hit hard times? 😂
That's a really handy link, been searching and emailing lots of brokers and used the pistonheads mega lease thread but not really come up with that awesome deal. The going back of this current lease deal ties in nicely however with the daughter learning to drive, my thinking is, that she'd be better off learning to drive in a run around.
Ha, slightly better site than Lings
Worth putting the word lease into hotUKdeals every few days
The deals now are much worse than 2 years ago, and the best prices are 4 years so with many manufacturers that means a year or of warranty. I've got a few months before I need mine but I'm thinking of buying new via Car Wow.
Countless folk on pistonheads have opted for a Volvo v90 cc through santander because it falls under the magic 20% mark. I'm after somethi g fun, fast and sporty, not a Volvo!
Definitely less deals than there where a couple of years ago. We have just returned a Peugeot 208GTi that we got for a bargain monthly fee two and a half years ago, we had extended it for 6 months but weren’t alloweded to extend it again. Looking for a high spec fairly quick hatchback, but having kept a watch on the market for the past six months nothing sensible came up. In the end we bought a newish car, and hopefully depreciation on it should be less than the current lease prices. The current emission changes have had an impact as there are less new cars available.
Well we are looking down the barrel of a recession with higher interest rates. The car makers have looked into their crystal balls and predicted that leases will need higher returns. So higher leases.
Isn’t car leasing the next sub prime collapse? When the economy next takes a dive.
Agree, economic outlook is not helping the interest charges/ costs. Not to mention the industry's over-optimistic residuals calcs in recent years.
The new emissions standards aren't helping stock availability, driving up prices.
And road tax charges are massively higher (included in monthly rentals) so hard to LFL with previous year's deals.
All that said, manufacturers aren't shifting units, and leasing is still a great way for them move volume without butchering the sticker prices at main dealers.
Deals are less abundant currently, but I think they'll increase as we move to summer.
As to when the lease finance burble bursts, less sure...
Still good deals to be had, just can’t be picky.
Wouldn’t be surprised if it did collapse. PCP and Lease are a good way to get a sensible car for sensible outlay, but it always seems (to me) that a lot of people are using it to spunk a sizeable monthly to get something they couldn’t have ever afforded to buy or HP
Isn’t car leasing the next sub prime collapse? When the economy next takes a dive.
No. It’s really not.
They fluctuate all year around anyway.
Definitely less deals than there where a couple of years ago.
could this be because the Pound is worth less than it was 2 years ago and all the cars are made elsewhere these days?
If so, it might be worth locking in whatever you can get now because it probably won't get any better over the next couple of years!
Isn’t car leasing the next sub prime collapse? When the economy next takes a dive.
The BoE have looked into it and aren't overly concerned, crops up regularly in their quarterly reports as something they're keeping an eye on.
My lease ran out in September they wanted double to continue, all other deals for the same car had gone up £70. Ended up getting a 2005 petrol focus for £700, cam belt, steering rack and coil pack have needed doing but did some in the summer before the lease ran out and fortunately have some help at work.
I did like the lease car the figures just didn't make sense.
wait until other countries maybe add a world trade organisation 10% import tax onto cars in the UK, then look at lease costs.