Lease/PCP
23 September 2014, 11:15 PM
#31
Ive been looking into this, my existing loan is paid off end of this month, the Mrs is looking at having a kid etc, now I refuse to be a boring **** who sells all their stuff and gets a boring family estate etc.
I am looking at a Golf R etc, just seen 1,134 down and 188.99+VAT a month, which is no big deal as I have my own VAT Reg company anyway, so would claim that back.
Now how difficult isinsurance to get on this?
What is the deal with servicing etc on PCP, is it all included?
I am looking at a Golf R etc, just seen 1,134 down and 188.99+VAT a month, which is no big deal as I have my own VAT Reg company anyway, so would claim that back.
Now how difficult isinsurance to get on this?
What is the deal with servicing etc on PCP, is it all included?
24 September 2014, 06:11 AM
#32
I would sit back and work out the maintenance package with the PCP, for what the extra is a month X by the rental period you can often service it and change the tyres for less, especially if you're only on a <10k annual mileage. I've got a few and for some it works out great and others not so.
I'll look more into it in a month or so when the Scoobs tax and MOT are up.
24 September 2014, 06:59 AM
#33
I worked briefly for a motor dealership after redundancy this year and was amazed at what such cracking deals are Available on small cheap cars
I sold lots of Suzuki swifts at £99 a month deposit and £99 a month for five years low rate finance nil road tax and 55-60 mpg that is cheap motoring and they aren't too bad to drive fri what they are
Slightly upmarket was the swift for 30-£50 more a month
We got a right bollocking though if we didn't sell the supaguard at a fiver a month and of course GAP at £300 which cost us £68 ( but only fiver a month ) on the agreement as the dealership made only £58 a car and we got £25 commission on this
We also did pre registered fiat 500 which worked out at only £80 a month on pcp which was very cheap motoring and most clients would just hand them back after three years and get a new one as they were getting 'tired ' by then
Slightly Inflated service deals helped protect the margins on the cars so watch out for those built into the price amd of course extras like mudflaps had a different price to over the counter but when it's 'only ' a tenner a month it's ok !
Makes sense a small cheap brand new car
As a comparrisment second hand cars normally had a £2000 -£2500 mark up on them amd slightly higher APR so they were more profitable for us to sell so we gave slightly higher px prices to try to push to them if we could and offer immediate delivery rather then a wait on a new modle as many people were desperate for a car quick as their old cars were packing up / big service / years road tax due
I sold lots of Suzuki swifts at £99 a month deposit and £99 a month for five years low rate finance nil road tax and 55-60 mpg that is cheap motoring and they aren't too bad to drive fri what they are
Slightly upmarket was the swift for 30-£50 more a month
We got a right bollocking though if we didn't sell the supaguard at a fiver a month and of course GAP at £300 which cost us £68 ( but only fiver a month ) on the agreement as the dealership made only £58 a car and we got £25 commission on this
We also did pre registered fiat 500 which worked out at only £80 a month on pcp which was very cheap motoring and most clients would just hand them back after three years and get a new one as they were getting 'tired ' by then
Slightly Inflated service deals helped protect the margins on the cars so watch out for those built into the price amd of course extras like mudflaps had a different price to over the counter but when it's 'only ' a tenner a month it's ok !
Makes sense a small cheap brand new car
As a comparrisment second hand cars normally had a £2000 -£2500 mark up on them amd slightly higher APR so they were more profitable for us to sell so we gave slightly higher px prices to try to push to them if we could and offer immediate delivery rather then a wait on a new modle as many people were desperate for a car quick as their old cars were packing up / big service / years road tax due
24 September 2014, 09:27 AM
#34
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Yeah I've seen some nice cars at pretty decent prices. However having researched a bit more I've found out that lease companies can be right *******s when it comes time to have the car back and will find any excuse to charge you for dents invisible to the naked eye etc. Tyres have to be replaced like for like, IE Pirelli for Pirelli and all servicing HAS to be main dealer or again you are charged.
You're also technically not the owner so I understand some insurance companies won't touch you.
You're also technically not the owner so I understand some insurance companies won't touch you.
As for tyres, i always stick budget £50 tyres on before they go back. It doesn't matter the brand as long as the load rating is correct (direct out the mouth of Mercedes Financial Services).
Servicing can be anywhere you like. There was a court case in the 90's that ruled this was the case. So don't worry about silly main dealer servicing.
You're good to go..... and No! these deals don't include insurance as mentioned by someone and insurance companies are fine with lease cars. Most cars on the road are leased
24 September 2014, 10:43 AM
#35
No, the manufacturer supplies you with a pack to measure dents and scratches etc. You are allowed small ones and any damage you will pay for. As for tyres, i always stick budget £50 tyres on before they go back. It doesn't matter the brand as long as the load rating is correct (direct out the mouth of Mercedes Financial Services). Servicing can be anywhere you like. There was a court case in the 90's that ruled this was the case. So don't worry about silly main dealer servicing. You're good to go..... and No! these deals don't include insurance as mentioned by someone and insurance companies are fine with lease cars. Most cars on the road are leased
Again they've said the same regarding tyres and services.
25 September 2014, 09:09 AM
#36
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detailers going over cars?
I've leased cars for years and my uncle owns a leasing company.
Trust me, no detailers!
Like i said, there was a landmark court case years ago which says you can service anywhere you choose. Tyres may vary from manufacturer to manufacturer.
Pretty much all lease cars will end up at British Car Auctions.... It's them who collect the car and check it over.
You may pay for any damage or scratches over the allowed limit but these charges are reasonable (i'd say trade price pretty much).
You will get a pack with a "fair wear and tear" guide including plastic cut outs to measure dents to see whether they are within allowed limits.
They don't half talk some **** on Pistonheads.
Also..... Servicing is down to you! and insurance is completely fine, most cars are leased now.
25 September 2014, 09:41 AM
#37
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It does seem that if you are hell bent on driving a new small(ish) car for quite along time and are happy to roll over the payment every 3 years or so
Then these sort of leasing deals make sense
Then these sort of leasing deals make sense
25 September 2014, 04:09 PM
#38
Ignore that nonsense on Pistonheads! detailers going over cars? I've leased cars for years and my uncle owns a leasing company. Trust me, no detailers! Like i said, there was a landmark court case years ago which says you can service anywhere you choose. Tyres may vary from manufacturer to manufacturer. Pretty much all lease cars will end up at British Car Auctions.... It's them who collect the car and check it over. You may pay for any damage or scratches over the allowed limit but these charges are reasonable (i'd say trade price pretty much). You will get a pack with a "fair wear and tear" guide including plastic cut outs to measure dents to see whether they are within allowed limits. They don't half talk some **** on Pistonheads. Also..... Servicing is down to you! and insurance is completely fine, most cars are leased now.
I've leased cars for years and my uncle owns a leasing company. Trust me, no detailers! Like i said, there was a landmark court case years ago which says you can service anywhere you choose. Tyres may vary from manufacturer to manufacturer. Pretty much all lease cars will end up at British Car Auctions.... It's them who collect the car and check it over. You may pay for any damage or scratches over the allowed limit but these charges are reasonable (i'd say trade price pretty much). You will get a pack with a "fair wear and tear" guide including plastic cut outs to measure dents to see whether they are within allowed limits. They don't half talk some **** on Pistonheads. Also..... Servicing is down to you! and insurance is completely fine, most cars are leased now.When I said detailers looking over them, I mean they said detailers checked the car over BEFORE the lease company had them back and found damage the detailer apparently didn't.
Doing it over the Internet/phone is something I also don't like, rather than getting a car from a local dealer.
To give an idea though of the differences in price, the fiesta 1.0 red edition 140ps turbo is around £150 a month lease, and ford quoted £250 a month PCP.
26 September 2014, 06:08 PM
#39
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Lol, I know. I'm trying to find out as much as possible before we make any decisions. The tax and MOT run out on the TypeR at the end of November so I'm thinking for the same money that will cost it will pay the first month on any new car.
When I said detailers looking over them, I mean they said detailers checked the car over BEFORE the lease company had them back and found damage the detailer apparently didn't.
Doing it over the Internet/phone is something I also don't like, rather than getting a car from a local dealer.
To give an idea though of the differences in price, the fiesta 1.0 red edition 140ps turbo is around £150 a month lease, and ford quoted £250 a month PCP.
When I said detailers looking over them, I mean they said detailers checked the car over BEFORE the lease company had them back and found damage the detailer apparently didn't.
Doing it over the Internet/phone is something I also don't like, rather than getting a car from a local dealer.
To give an idea though of the differences in price, the fiesta 1.0 red edition 140ps turbo is around £150 a month lease, and ford quoted £250 a month PCP.
Your car will still come from a main dealer, it's just that the broker would have made the deal. My last Merc came from Mercedes Worcester if i remember rightly.
The dealers give exclusive rates to brokers just to shift stock. You will not get these rates direct from the dealers
As long as you use a reputable broker you will be fine. Applied Leasing are a good one, i've used these myself. Get on their mailing list, some of the offers that come through are amazing. I always pick my car on whatever is on offer at the time. Nearer Xmas seems to be the best time as dealers are desperate to shift stock