Lease deals thread

[NickR]

He has the option of handing it back after the 4 years though. Not sure if that makes it a lease with the potential of turning it into a PCP?

No idea, not something I know too much about. I just know it was cheap.

You can hand it back rather than paying the final payment on PCP.

 

[purplea4T]

He has the option of handing it back after the 4 years though. Not sure if that makes it a lease with the potential of turning it into a PCP?

No idea, not something I know too much about. I just know it was cheap.

It’s not a lease then, it’s a PCP which is why it’s cheap - the GFV still needs paid at the end or handed back.

 

[mic]

It’s not a lease then, it’s a PCP which is why it’s cheap - the GFV still needs paid at the end or handed back.

This leads to the debate "Leasing or PCP" at the end of the day it, in my opinion is the actual monthly outlay. In this case, no deposit (better than lease) monthly payment (improvement on lease cost) and at the end you have the option to walk away or buy the car (advantage over lease). The benefit, is clearly that mid way you can terminate a PCP, another advantage over lease. Win Win for the OP in this case

 

[purplea4T]

This leads to the debate "Leasing or PCP" at the end of the day it, in my opinion is the actual monthly outlay. In this case, no deposit (better than lease) monthly payment (improvement on lease cost) and at the end you have the option to walk away or buy the car (advantage over lease). The benefit, is clearly that mid way you can terminate a PCP, another advantage over lease. Win Win for the OP in this case

Not really, I suppose it’s comparing apples to oranges as they aren’t the same car, but my lease (and it is a lease) works out at £7640 over 2 years in total. The figures on the one @Lyons is talking about is £27k over 4 years or I would imagine £13.5k over 2; you’ve either got to pay the GFV or hand it back, I can’t see that buying a car you’ve had for 4 years gives you any advantage as a buyer nor can you VT until you’ve paid 50% of the TOTAL amount which includes the final balloon/GFV figure, so not 24 months out of a 48 month agreement.

 

[Coog]

Not really, I suppose it’s comparing apples to oranges as they aren’t the same car, but my lease (and it is a lease) works out at £7640 over 2 years in total. The figures on the one @Lyons is talking about is £27k over 4 years or I would imagine £13.5k over 2; you’ve either got to pay the GFV or hand it back, I can’t see that buying a car you’ve had for 4 years gives you any advantage as a buyer nor can you VT until you’ve paid 50% of the TOTAL amount which includes the final balloon/GFV figure, so not 24 months out of a 48 month agreement.

Aye it'll be around 36 months in this case.

 

[Lyons]

Not really, I suppose it’s comparing apples to oranges as they aren’t the same car, but my lease (and it is a lease) works out at £7640 over 2 years in total. The figures on the one @Lyons is talking about is £27k over 4 years or I would imagine £13.5k over 2; you’ve either got to pay the GFV or hand it back, I can’t see that buying a car you’ve had for 4 years gives you any advantage as a buyer nor can you VT until you’ve paid 50% of the TOTAL amount which includes the final balloon/GFV figure, so not 24 months out of a 48 month agreement.

But surely if you assume it will be handed balk, thus making it identical in principle to a lease deal, it is good value? £10,800 over 3 years which seems pretty good for a lease of the same car?

 

[Coog]

But surely if you assume it will be handed balk, thus making it identical in principle to a lease deal, it is good value? £10,800 over 3 years which seems pretty good for a lease of the same car?

Is it not closer to £13.5k over three years (plus another few hundred for RFL) if its £370 a month?

 

[Lyons]

Apologies, you're right. I believe it was initially £300 per month.

 

[Coog]

Peter Vardy BMW M140i Shadow 8k p.a @ £376 a month. Bit dearer but when you take RFL into account it's actually a few quid cheaper than the Derby deal @Lyons if he's interested in this.

BMW 1 Series Hatchback Special Edition

No additional spec though!

 

[Lyons]

Over 3 years its £411 per month though, so works out at £14,796.

Edit- Lol, I don't really care to be honest- I was just pointing out what I thought was a good deal!

 

[zafturbo]

Tbh I do not have a clue what you guys are talking about .how to feck is paying nearly £400 a month for a car that you have to hand back in 3-4 years .what am I missing here .£13500
Another one there was “it costing £7200 over 2 years” ,do you lot think that’s a good deal as to me it’s nuts but sure .
Suppose when you take into consideration if you bought the car and kept it 2-3-4 years it would loose a lot of money alright .

 

[Coog]

Cost = depreciation

It's not for everyone.

 

[Chris100]

Oh no, please do not let us go down the PCP debate again.

Ok, we get some folks don’t want to do it. However some do.

 

[pablo]

Yeah 183 pages too late

 

[zafturbo]

Yeah 183 pages too late

Some of us have only recently looked at this and if you think I’m going to read back on the past 182 pages your badly mistaken lol.

 

[pablo]

Tl;dr

Do the maths. If it works it works

 

[zafturbo]

Oh no, please do not let us go down the PCP debate again.

Ok, we get some folks don’t want to do it. However some do.

It’s totally not that I don’t want to do it ,honestly I do not know the difference in pcp and whatever other options is available when you buy a car .i wonder seriously out of 100 cars ,how many are bought outrite ,on hp ,on pcp or leased .would be interesting to know just .

 

[Chris100]

It’s totally not that I don’t want to do it ,honestly I do not know the difference in pcp and whatever other options is available when you buy a car .i wonder seriously out of 100 cars ,how many are bought outrite ,on hp ,on pcp or leased .would be interesting to know just .

I believe something like 80% of new car purchases are via PCP, it may be even higher than this.

 

[purplea4T]

I believe something like 80% of new car purchases are via PCP, it may be even higher than this.

I spoke to a friend who’s the business manager in a dealer in North Down and that figure is pretty spot on. The only 2 people I know that have bought a new car for cash have been my dad and my father in law in the past 2 years!
Everything is going “monthly” now - that’s the only figure that really matters!

 

[Dave..]

I spoke to a friend who’s the business manager in a dealer in North Down and that figure is pretty spot on. The only 2 people I know that have bought a new car for cash have been my dad and my father in law in the past 2 years!
Everything is going “monthly” now - that’s the only figure that really matters!

All my father’s cars were paid with cash.

 

[Artoir]

All my father’s cars were paid with cash.

His or the bank's/CU's?

I'd say very few people are buying new cars with their own money. Leasing pcp is just another method.

 

[Dave..]

His or the bank's/CU's?

I'd say very few people are buying new cars with their own money. Leasing pcp is just another method.

His money but he is in his 80’s.

 

[FM155]

Where would be the best place to look for small car deals? Middle daughter has got a job that would allow a few quid for a car payments and release me from trying to keep her current motor running.
Bear in mind I've never had hp or a lease deal in my life but I can read and understand things so just looking for a recommended starting place.. TIA

 

[zafturbo]

Where would be the best place to look for small car deals? Middle daughter has got a job that would allow a few quid for a car payments and release me from trying to keep her current motor running.
Bear in mind I've never had hp or a lease deal in my life but I can read and understand things so just looking for a recommended starting place.. TIA

I see Halliday have tons of the wee Citroen c3 in stock .really nice little cars and the deal is £139 a month I believe .think there all like a year old or something along those lines .cant remember who it is on here but he is the salesman in Hallidays Bushmills .

 

[purplea4T]

Where would be the best place to look for small car deals? Middle daughter has got a job that would allow a few quid for a car payments and release me from trying to keep her current motor running.
Bear in mind I've never had hp or a lease deal in my life but I can read and understand things so just looking for a recommended starting place.. TIA

Donnelly Fiat are doing good deals on new 500’s, quite a lot in stock it that’s the sort of thing she’s after. PCP deals aren’t bad on them, ask for Robert at Mallusk if you’re interested.