I've an Octavia on lease (business lease, not PCP etc) with VW finance, ending in a few months, and thinking about what comes next. Get a new car or maybe buy the existing? I like it a lot and for the right price might be the right way to go.

 

Has anyone bought at the end of lease? If so was the pricing good/bad/ugly? Painless process? Any pitfalls or things to be aware of?

You can’t buy it at the end of your lease, so that’s that out of the window!

A family member may be allowed to buy it but the lease holder will not,

 

At the discretion of VW Finance though. They have no obligation to offer it for sale.

8 minutes ago, GoneToBeemer said:

You can’t buy it at the end of your lease, so that’s that out of the window!

 

I believe you can (ask), they don't make it obvious and i haven't done it myself but i've been reading up on this over on the VW golf R forum and a number of their VWFS lease holders have brought their cars. Heres just one recent thread... http://www.vwroc.com/forums/topic/25583-buying-your-golf-r-at-the-end-of-your-lease/

 

Or.. http://www.vwroc.com/forums/topic/24013-end-of-lease-price/

 

It seems generally the deals are 'average' but if you know the car and have looked after it, could be right for you.

 

Unless its not available to Skoda but as its VWFS it shouldn't be any different

 

Edited 14 March, 20188 yr by Exeterj

@Exeterj

As far as I was aware there was no option to buy at the end of a PCH, but could be got around by a family member or friend buying it.

6 minutes ago, logiclee said:

A family member may be allowed to buy it but the lease holder will not,

 

At the discretion of VW Finance though. They have no obligation to offer it for sale.

 

This 

7 minutes ago, GoneToBeemer said:

@Exeterj

As far as I was aware there was no option to buy at the end of a PCH, but could be got around by a family member or friend buying it.

 

Yes, that was also my previous understanding (from here tbh) but i can't think of any legal reason why not - i think you would be gambling though if you expected them to offer it to you but no reason not to ask (after all they wouldn't do the PCP side of their business any favours by advertising this). Having looked around a lot about leases after taking our scout on lease, it makes sense that basically the VWFS or whoever the funder is, just want to make money - they know how much they got in terms of initial and monthly payments and thus how much they want on the 2 or 3 year old capital value to make their margin. If they can get x many pounds easier from you than having to instruct BCA to auction it for them then why not. Maybe its loosened up recently as leasing becomes more popular i guess residuals for ex-leases may become worse.

 

 

 

 

Edited 14 March, 20188 yr by Exeterj

Their website has a link to buying at the end of lease - got to be within 3 months to get a quote:

 

http://www.vwfs.co.uk/content/sites/vwcorporate/vwfs_co_uk/en/home/financing_your_vehicle/car_purchase.html

 

(Thanks for the links exeterJ !!)

 

To add - my company is leasing it currently, not me.

Edited 14 March, 20188 yr by robs12

Just now, robs12 said:

Their website has a link to buying at the end of lease - got to be within 3 months to get a quote. So definitely possible.

 

Just terminated (early) our Scout today, as the new Golf is due earlier than expected, but couldn't see this on the website for our Scout - although i think the online lease management only came in the last few years (we're 34 months in and i'm assuming your on 24?)

I’ve ordered my next car on a lease (PCH) and my local Skoda dealer mentioned that Skoda have been allowing some customers to buy their cars at the end of their lease - it definitely happens but you should work on the basis they won’t allow. If they do it’s a bonus and you could get a decent deal

My Superb is just coming to the end of its lease and I had a letter from vwfs asking if I wanted to buy it so you can certainly buy them at the end. They gave me details of a link on their site that I put the reg and a few of my details in and got a price to buy it straight away, price seemed OK.

7 hours ago, Mark944gold said:

My Superb is just coming to the end of its lease and I had a letter from vwfs asking if I wanted to buy it so you can certainly buy them at the end. They gave me details of a link on their site that I put the reg and a few of my details in and got a price to buy it straight away, price seemed OK.

Out of interest, if you added the price they offered to the amount you paid overall for the lease, how did the price compare with the original RRP?  We’re you still paying full price or was there a discount?

20 minutes ago, Reddazforever said:

Out of interest, if you added the price they offered to the amount you paid overall for the lease, how did the price compare with the original RRP?  We’re you still paying full price or was there a discount?

Just done a quick calculation and the overal cost of the lease and purchase would put it £20,288 for a Superb estate SE business 150 diesel in metallic and heated front seats, I think the list price was somewhere around £26-27k so not a bad discount.

Looks a decent offer - hope I get a similar one at the end of my next lease 

Been offered my current A4 for £16500 - thats a loss of about £12k from new over 2yrs, and i paid £5500 on lease  

 

Am almost tempted to cancel my skoda lease and keep the audi as its been pretty decent.

On 15/03/2018 at 12:13, Ursicles said:

Been offered my current A4 for £16500 - thats a loss of about £12k from new over 2yrs, and i paid £5500 on lease  

 

Am almost tempted to cancel my skoda lease and keep the audi as its been pretty decent.

£5500 over 2 years = £229 a month, or around £190 +vat.  That seems one heck of a deal for an A4. Does that include the initial fee + charges etc?

 

I know some amazing leasing deals come up now and again. There was a too good to be true deal on an A6 Black saloon when I was searching for my car. Although I wanted an estate curiosity got the better of me and though I've never leased before, decided to investigate to find the catch. Turns out there was no catch. It was was working out cheaper to lease that mid-spec A6 than it was a basic A3. The offer only lasted a few weeks.  What amazes me was it only applied to an annual mileage of 10k (if you selected 8k or 15k, the price jumped over £100 a month) and only on that model. An lower 'SE' spec car was almost double the price.

 

Would love to know how the system works. My guess is some companies have already pre-sold the vehicle before it's initial lease (kind of like the futures market) therefore that's the reason they won't offer it for sale.

Actually... it was

 

Initial was £633,

Dealer fee was £180 

Rental was £211.03

Maintenance (servicing, tyres) £11.33

All in: £5,927 (didnt include dealer fee or maintenance on the £5,500 figure)

 

on 2 yr lease 10k per annum.

You request a buy back figure towards the end. Process it in a family members name - this was stated in the welcome to VWFS PCH booklet thing I got in the post. 

 

As said though they may refuse for whatever reason, there is no legal obligation. 

Also remember reading something about offering no warranty once the PCH was finished...? I'll dig it out again to confirm. But this would obviously only apply to two year deals, like mine.