| Cars on personal Lease 14:58 - May 25 with 15732 views | AustinIsOurHero |
Hi Guys, after some advise if anyone can help?
Have had a bit of a nightmare with mine & the Mrs' cars recently. Cost us significant amount of money to get them both fixed & as such, we're looking into getting cars on personal lease, as opposed to PCP/finance so any service/repair costs are paid for.
Does anyone else have a car on personal lease?
What's the best way of going about it - dealership, 3rd party etc?
Are there any companies in Swansea/surrounding areas that facilitate this?
Do you find it works better for you rather than buying used/nearly new on finance?
Cheers in advance.
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| Cars on personal Lease on 15:54 - Jul 4 with 1728 views | SwaneeRiver |
| Cars on personal Lease on 22:30 - Jul 2 by Jackfath |
Maintenance isn't included on that deal. However on a new Kia with a 7 year warranty, over two years what maintenance could one expect? I only do around 8k miles a year so that's not a concern. |
Also as long you have the car serviced and the booked stamped at any garage - not tied to dealer - then warranty is valid.
Apart from tyres and brakes, my 6 year old Sportage has only needed servicing, MOT's , and a new CD Player (under warranty).
It could also do with a new luggage cover (which I wrecked) but at around £500 for a replacement it can go on needing it ! |  | | |
| Cars on personal Lease on 19:24 - Jul 4 with 1677 views | Cooperman |
| Cars on personal Lease on 15:54 - Jul 4 by SwaneeRiver |
Also as long you have the car serviced and the booked stamped at any garage - not tied to dealer - then warranty is valid.
Apart from tyres and brakes, my 6 year old Sportage has only needed servicing, MOT's , and a new CD Player (under warranty).
It could also do with a new luggage cover (which I wrecked) but at around £500 for a replacement it can go on needing it ! |
The terms of a lease include the requirement to have your service completed at a main dealer (as opposed to your mate Dai who can stamp a book in return for a few pints). |  |
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| Cars on personal Lease on 09:09 - Jul 5 with 1623 views | SwaneeRiver |
| Cars on personal Lease on 19:24 - Jul 4 by Cooperman |
The terms of a lease include the requirement to have your service completed at a main dealer (as opposed to your mate Dai who can stamp a book in return for a few pints). |
Sorry my response was in reply to Jackfath talking about the merits of buying a Sportage. I was validating and adding to his particular points about a car I had knowledge about, rather than dissing the merits of leasing or the conditions of leasing, which I have never examined.
Just to say Auto Electrical Skewen, who do all my work, are a highly respected local garage who I have recommended, and I would recommend to anyone. They'd never just stamp the book, but work to a very high standard. [Post edited 5 Jul 2016 9:11]
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| Cars on personal Lease on 09:50 - Jul 5 with 1610 views | AustinIsOurHero |
A Sportage is one of the models I'm looking at when I get round to replacing mine. If I can get one on a 3 year lease with servicing included, for cheaper than what I'm paying now on PCP, then it's a no brainer for me.
The only sticking point is if there is enough equity in my current car to cover the deposit for a new one. | |
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| Cars on personal Lease on 10:40 - Jul 5 with 1598 views | monmouth |
I know this is a dull question, as the answer is clearly yes, but just to confirm that the 'plus 3' or whatever is an upfront payment in addition to the 24/36/48 months leasing cost?
Re Sportage. Coincidentally just talking to a local who is a bit of a car obsessive, and he has just chosen a Sportage over a Mercedes 4x4 because he thinks it's a better car. Until he said it and I read this thread I'd never actually heard of one! |  |
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| Cars on personal Lease on 11:16 - Jul 5 with 1587 views | fbreath |
| Cars on personal Lease on 10:40 - Jul 5 by monmouth |
I know this is a dull question, as the answer is clearly yes, but just to confirm that the 'plus 3' or whatever is an upfront payment in addition to the 24/36/48 months leasing cost?
Re Sportage. Coincidentally just talking to a local who is a bit of a car obsessive, and he has just chosen a Sportage over a Mercedes 4x4 because he thinks it's a better car. Until he said it and I read this thread I'd never actually heard of one! |
It would be 1 + xx so if 24 months it would be 1 payment + 23. |  |
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| Cars on personal Lease on 11:22 - Jul 5 with 1582 views | monmouth |
| Cars on personal Lease on 11:16 - Jul 5 by fbreath |
It would be 1 + xx so if 24 months it would be 1 payment + 23. |
I think I'm getting confused with 'initial payment'. | |
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| Cars on personal Lease on 11:32 - Jul 5 with 1578 views | fbreath |
| Cars on personal Lease on 11:22 - Jul 5 by monmouth |
I think I'm getting confused with 'initial payment'. |
The initial payment is payment 1.
I asked this question with leasing company as I have been considering the lease route and wasn't sure. | |
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| Cars on personal Lease on 11:54 - Jul 5 with 1572 views | SwaneeRiver |
Toyota Yaris Hatchback 1.5 Hybrid Icon 5dr CVT
Took this car as example. Hybrid version - would cost £10,300 to lease over three years.
Full retail price from dealer to buy is £15,000
So basically for £5k you get a car a car which in three years time has to be worth more than £5k ?
Seems to make economic sense to me | | | |
| Cars on personal Lease on 13:06 - Jul 5 with 1555 views | fbreath |
| Cars on personal Lease on 11:54 - Jul 5 by SwaneeRiver |
Toyota Yaris Hatchback 1.5 Hybrid Icon 5dr CVT
Took this car as example. Hybrid version - would cost £10,300 to lease over three years.
Full retail price from dealer to buy is £15,000
So basically for £5k you get a car a car which in three years time has to be worth more than £5k ?
Seems to make economic sense to me |
Not sure were you got your figures from but just did a comparison on Nationwide Vehicle Contracts site and that vehicle on a 10K mileage over three years total cost £7748 plus their admin fee of £180 [Post edited 5 Jul 2016 13:09]
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| Cars on personal Lease on 16:26 - Jul 5 with 1525 views | SwaneeRiver |
| Cars on personal Lease on 13:06 - Jul 5 by fbreath |
Not sure were you got your figures from but just did a comparison on Nationwide Vehicle Contracts site and that vehicle on a 10K mileage over three years total cost £7748 plus their admin fee of £180 [Post edited 5 Jul 2016 13:09]
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Went on Yes Lease (as suggested by some) and just took the cheapest deal showing on there for a vehicle that I might buy.
Then went on Toyota Official Site for comparative price.
Also when buying, if you go with readies there's often haggle room ... | | | |
| Cars on personal Lease on 18:09 - Jul 5 with 1497 views | jack_lord |
we were going to get a sportage from selectcarleasing and the monthly payment was about 135 on a 6 + 23 deal so first month payment of somethin like 810 quid and then 23 further payments of 135 quid. But, unfortunately, wife wanted a smaller car. The deal was something like 6 thousand miles a year but about 3 p a mile if you went over so thirty quid surcharge for every thousand miles. |  |
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