The car will be registered to him. It's just a company discount scheme. Most big companies have similar discount schemes though not just in cars. The nhs and others promote such schemes. A car dealer offers a discount in return for the employer advertising the scheme to employees thereby generating extra trade. No BIK or any other nonsenseSo the car is registered to the company and not yourself? This is interesting because if theres a chance of not paying BIK I might have a cheeky "pay" review
Lease deals thread
- Thread starter chris_b
- Start date
adam1942
RMS Regular
I'm not sure on your circumstances or where you think it gives you bargaining power but if it does, good luck.Ah ok cool thanks @swansty gives me some bargining then
cormac81
RMS Regular
Just out of interest for those backing out of their lease deals, would you lease again? just curious as I'm looking at leasing a car with a local dealer and I'm weighing up the benefits and the negatives.
It probably has been mentioned somewhere in this thread but would GAP insurance be recommended? I am thinking it could be risky not having and the car got wrote off.. would I still have to make payments to make up any difference on values?
It probably has been mentioned somewhere in this thread but would GAP insurance be recommended? I am thinking it could be risky not having and the car got wrote off.. would I still have to make payments to make up any difference on values?
BobSpounge
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W
We're on our second lease even after hating the first car. We stuck it out for the full term though.
GAP is a must, not only for the vehicle value but if for example you had a 2 year lease and the car is written off 2 months in, you still owe them the remainder of the lease payments in this example 22 months.
We're on our second lease even after hating the first car. We stuck it out for the full term though.
GAP is a must, not only for the vehicle value but if for example you had a 2 year lease and the car is written off 2 months in, you still owe them the remainder of the lease payments in this example 22 months.
Philljdm
RMS Regular
Very tempted to lease my next car maybe a m140i or new leon cupra in may
Woodcutter
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Are there any good deals out there on the M140?
cormac81
RMS Regular
Cheers @Coog @Iain Traynor
The GAP insurance looks to be 600 quid from the dealer but that be spread over the contract term I'm sure.
The GAP insurance looks to be 600 quid from the dealer but that be spread over the contract term I'm sure.
Coog
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No the dealer gap is a rip off. Go through ALA. There's an offer code on pistonheads. IIRC i paid about £130 ish for 2 years cover at about 10k.
cormac81
RMS Regular
Good man, the car retails at 32k should I cover up to 30k lets say? a quick quote with ALA comes back at £190 even at that level cover
BobSpounge
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Good man, the car retails at 32k should I cover up to 30k lets say? a quick quote with ALA comes back at £190 even at that level cover
30k is too much. Somewhere between 15-20 should be about right. As Coog said you can't go wrong with ALA.
Philljdm
RMS Regular
Atm 3+24 for around £315 and 3+36 for around £310 both 10k a year which isnt too bad
Chris Mac
RMS Regular
Just be careful, I was in a toss up between the ALA on my wife's new car and the dealer offered option, it was slightly more expensive to go for the dealer option but it covered you for a hell of a lot more.
It was maybe £100 dearer but covered for 5 years with a return to invoice price for the first 3 years.
Coog
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It's a 2 year lease so not really any need to go for anything beyond that.
cormac81
RMS Regular
Got a call from the dealer and they pulled the lease deal last night at 12.
There goes that then.
There goes that then.
bigpupcooper
RMS Regular
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Plate off the lease car took 7 weeks...two mins on the tinterweb, but oh no sir, we need to post and process the lot. Be warned
Got a call from the dealer and they pulled the lease deal last night at 12.
There goes that then.
PM me the details and I'll see what I can do.
Burt2000
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I'd say we will always lease the main family car now. When you look at what I pay a month for a 30K Cupra it makes sense to me. Brand new and hassle free.
I was just talking to a mate in work who told me what he spends in a year on maintenance, tyres and repairs alone per year for his 11 year old Volvo. He could pay near 12 months on the Cupra with it.
I was just talking to a mate in work who told me what he spends in a year on maintenance, tyres and repairs alone per year for his 11 year old Volvo. He could pay near 12 months on the Cupra with it.
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That's the way the world seems to work now
More and more things seem to be owned on the 'never never'
Its all going to end up in another financial meltdown IMO
Call me old-fashioned, but I sleep happy knowing the cars on my drive are bought and paid for.....they are mine
Rocko
RMS Regular
Oooooof!! What happens when you put the miles up?
10k is £179 + VAT. That is superb!
10k is £179 + VAT. That is superb!