We are thinking off getting a bigger car but we don't have much money so thinking of leasing a car. Anyone who is doing it or in the past has leased a car any good tips or recommend a good firm.

I'm interested in this too. A way of having a newer car with minimum cost

Leasing is still getting up to speed (compared with a PCP which all dealers offer) so the deals take some finding. Most are through brokers but some dealers are getting in on the action now.

 

The main difference with a lease (PCH) is there is no option to buy at the end of the term, you never own the car, you are simply leasing it. No road tax to pay (all reputable lease companies include it), no MOT, the car is always under warranty with breakdown cover included and often metallic paint is free (the manufacturers like you to have it to make the car more saleable after you've finished with it). Go for a car with extended service intervals (so to minimise the number of services you pay for) and rotate the tyres to even out the wear (and avoid having to replace them). Always resist adding factory cost options. Their full price is simply divided over the term, for example xenon headlights at £2,000 adds £83 per month (2 year lease). Some options reduce the lease price (as they add value thus reducing depreciation making the deal cheaper to finance overall), but this is rare and normally only on expensive premium manufacturers.

 

As it happens the best lease deal out there right now is on the Skoda Yeti, the automatic (DSG) 1.2 TSI Monte Carlo being the cheapest...

 

This is a good site to start with...

 

https://www.contracthireandleasing.com/car-leasing-companies/independent-brokers/chl-contracts/skoda/yeti/114484116/

 

A £971.91 deposit (month 1) followed by 23 months at £107.99. As this is via a broker there is a one-off fee to pay (£330). So the total price is £3,876 over two years which is only £158 per month over the two year lease, for 10,000 miles per year (so 20K over the full term).

 

If you prefer to deal directly with a main dealer Simpsons Skoda are the biggest player for personal PCH deals. No broker fees but the deal works out the same per month (£159 but less annual mileage allowance, 8,000 miles)...

 

http://www.simpsonsskoda.co.uk/new-car-offers/yeti-monte-carlo/

 

All lease deals are advertised for example as a '6+23', this means you pay 6 of the monthly payments upfront as a deposit, then 23 more monthly payments. This equates to 24 monthly payments, i.e. a 2 year lease.

 

Other influences are the annual mileage allowance, usually 5, 8 or 10,000 miles but all mileages are possible.

 

This is my Octavia Scout. I put down a £2,400 deposit and pay £100 per month over two years which equates to £200 per month all in (8,000 miles/year). I got mine via these guys (their website is a front for Johnson's VW in Telford), all prices are excl. VAT but all deals are avaialble as personal leases simply by adding 20%...

 

http://www.parkvehicles.co.uk/

 

My deal has passed now, instead the Octavia vRS seems flavour of the month.

 

This is the main issue with PCH, the manufacturers use them to shift cars fast, they feed them to the brokers as and when they need, as a result the deals go as quick as they arrive. You need to be in a position to move fast.

 

 

Keep an eye on this thread too over on Piston Heads for the latest deals...

 

http://www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=1607379

 

Always make sure the manufacturer subscribes to the BVRLA's fair wear and tear policy (Skoda Finance do). This document makes it very clear what damage is allowed when the car is returned, this then helps to prevent unwanted fines for repairs when the car is returned. See here...

 

http://www.bvrla.co.uk/service/fair-wear-and-tear-guides

 

You might also want to consider GAP insurance when leasing a new car. It's quite complicated, here is some bedtime reading (see post #25)...

 

http://www.briskoda.net/forums/topic/332184-gap-insurance/

Edited 26 September, 20169 yr by silver1011

That's great thanks. We have a Citigo Monte Carlo at the moment but its too small for us now. We could buy a £4000 car but that brings risks with break downs etc etc. I only drive 5000 miles so changing tyres around won't be a problem. Wife wants to move away from Skoda.

Plenty deals to be had at verious Manufactures dealerships.

http://suzuki.co.uk/cars/cars/offers-and-finance/new-car-offers

http://whatcar.com/car-leasing/deals/kia

http://kiafinance.co.uk

Edited 27 September, 20169 yr by Offski

I recommend Nationwide Vehicle Contracts. Some fantastic deals to be had. I've had 2 cars from them now. SWMBO just had a fully loaded 4x4 Kuga Titanium X Sport (£33K list) for £255 PCM with over 2 years with £1600 deposit - mileage allowance 15K per annum. Like another poster said earlier - you have to be ready to move fast. I believe the Kuga deal was due to Ford clearing the decks ready for the incoming facelifted Kuga in November.

 

I love the experience I've had both times. The price you pay is exactly what it says on the tin - no pesky upselling of GAP insurance and extended warranties and bloody Lifeshine. I'm not good with haggling, so really liked this aspect of it.

I'm looking at doing this once my Citigo goes back. Seems like some good deals to be had

Simpsons are doing good

Octavia vrs for £159 a month, with £2495 deposit

http://www.simpsonsskoda.co.uk/new-car-offers/octavia-vrs-pch/

There are some stonking deals available when leasing if your prepared to wait and act quickly - manufacturers use it to control their stock and keep factories busy. So models that are about to be facelifted/replaced usually have good offers. And cars that hold value better second hand are usually cheaper to lease too (Golf GTD cheaper than Octy vRS for example)

 

Couple of other points to be weary of compared to PCP

 

Mileage allowance: If you go over the agreed mileage you WILL be charged for it when the car goes back at a rate of 6-10p per mile, so if your doing more than between 5-10k miles, do some sums to see if a lease car is worth it, as the better deals are definately with the lower mileage allowances.

 

Also unlike PCP where you can just sell the car and settle the finance, penalties to get out of a PCH contract mid-term are steep - usually 50% of the remaining payments. So if you have any doubts about the near future, leasing maybe isnt the right option.

 

You do arguably also need to look after a lease car more than you might look after a PCP car, as again at the end of the contract, things like kerbed wheels, excessive paint damage, bodywork dings etc will all be assessed and may be chargeable.