Lease or car finance

[gabyjane]

Hi am looking into the car lease as showing from my other thread! BUT some people have said to look round and see if there are any good finance deals..
The only place i will find the 2 cars we like are the dealers or Ebay garages.
Obviously the downside of leasing is that you usually don't own the car and finance you do but lose a lot of the value.
Also it will take forever to pay off finance as far as the car we want goes but haven't really looked around, wheres the best place to look as the dealer sites aren't very good...any reccomendations r.e the places off ebay?
Thanks

[lucy_w86]

Hi am looking into the car lease as showing from my other thread! BUT some people have said to look round and see if there are any good finance deals..
The only place i will find the 2 cars we like are the dealers or Ebay garages.
Obviously the downside of leasing is that you usually don't own the car and finance you do but lose a lot of the value.
Also it will take forever to pay off finance as far as the car we want goes but haven't really looked around, wheres the best place to look as the dealer sites aren't very good...any reccomendations r.e the places off ebay?
Thanks

I am considering leasing as well...what do you recommend? Buy or lease?

[Hintza]

You need to do the sums.

Remember with lease to check excess mileage costs. With purchase you will have to pay the road tax whilst most leases cover that as well. It also depends on the deals around at the time (0% finance for example).

I am looking at Jeep and the lease is still cheaper than a PCP.

[gabyjane]

Hi well we are still heading towards the lease side of things BUT we saw the car we want today on the forecourt of the dealers for just over £10k figured we could knock this down and the loan for it would be about £277 a month, the lease for a better one is £240 but we will never own it or be able to do anything to it which is why we want a really nice one if leasing!! the added bonus us adding the MOT and road tax makes a huge difference really and breakdown is covered with leasing... I don't know tbh and think in 3 years when paid off we will still get not a lot whatever car it is? Have you had any thoughts Lucy?

[lucy_w86]

Hi well we are still heading towards the lease side of things BUT we saw the car we want today on the forecourt of the dealers for just over £10k figured we could knock this down and the loan for it would be about £277 a month, the lease for a better one is £240 but we will never own it or be able to do anything to it which is why we want a really nice one if leasing!! the added bonus us adding the MOT and road tax makes a huge difference really and breakdown is covered with leasing... I don't know tbh and think in 3 years when paid off we will still get not a lot whatever car it is? Have you had any thoughts Lucy?

I am really confused what to do. Obviously by the time the loan or HP is paid off and the car is yours, its not worth much. Leasing avoids that as you say with added bonuses.

What to do!?!?

[lucy_w86]

Can anyone recommend good car leasing websites?

[Hintza]

http://www.contracthireandleasing.com/

Most companies are on here now. But you can double check on Google with your make of car and "lease" also talk to your local dealer they might be able to offer a deal (not normally that attractive) but you never know.

[gabyjane]

Hi looking at a few i found this to be very well priced:
http://www.nationwidevehiclecontracts.co.uk/
For the 2 cars we are looking at they appear to be the cheapest! anyone let me know please if they know more!

[Hintza]

You still haven't said what cars you are looking at?

[lucy_w86]

Hi looking at a few i found this to be very well priced:
http://www.nationwidevehiclecontracts.co.uk/
For the 2 cars we are looking at they appear to be the cheapest! anyone let me know please if they know more!

They look good.

[Hintza]

Just depends on the car, I have just ordered mine and on this site it's £100/month more expensive :eek:

[lucy_w86]

Just depends on the car, I have just ordered mine and on this site it's £100/month more expensive :eek:
what car?????

Where did you get yours from?

[Hintza]

Grand Cherokee £309/month (+ £150 sneaky arrangement fee which annoyed me).


If you really want something different take a look at the Dodge Nitro which can be had for £149-£159 in various places (you'll either love it or hate it) but it is different and incredibly good value.

[Hintza]

OK these are my tips on getting the best deal

1. Be flexible in what you want.

2. Choose the deal and not necessarily the car (you won't have it for ever)

3. Deal at quarter year ends (I missed that..grrr) or at a push towards the end of the month.

4. Best deals will be on cars not selling well tha manufacturer or perhaps a dealer wants to shift.

5. Better deals will be had on models that are due a face lift and there is old pre-facelift stock around.

6. Big engines tend to be cheap but obviousl;y you have to weigh up the additional cost of petrol versus the cheap price.

7. If you can get a 1 year deal at the same price or close to a longer deal stick with the shorter (much nicer having a new car every year.

8. New or popular models will never be the greatest deal and purchase might be a better option. Cheap finace deals might make buying the better option.

9. Check the excess mileage rate when doing any sums.

10 Don't ding it or scrtach it if you do you will pay so get it fixed beforehand (although this is an upfront cost on a lease it will affect your secondhand value if you bought) so its swuings and roundabouts.

11. Remember they will try and push GAP insurance on you (I wouldn't dream of taking it) it will probably be available cheaper elsewhere. But you do need to be aware of the ramifications if you total the car.

[sniper666]

Aup

For a comparison website http://www.carpricechecker.co.uk/lease/ is really good or a company I use for all my leasing is Total Fleet Services as they tend to be the cheapest anyway and I have used them for ages now and the service is second to none. http://www.lease-hire.co.uk

[BatulN]

hi everyone,
i would definetely recommend leasing. when you buy a new car, the value drops instantly :eek:- also, when it comes to selling time, you hardly get back near what you paid for, even when you consider the depreciation.
i looked at leasing a year after i bought my aygo, and was shocked that i could have got something like a peugeot 308 on a 2 year contract, for £2 under my monthly payments at the moment!!!!!
leasing is definetely the way to go for people who don't want long term financial commitment, and even better for those like me, who want a new car every year :D

[DanDruff]

In reply to gabyjane: I have been using http://www.nationwidevehiclecontracts.co.uk (http://www.nationwidevehiclecontracts.co.uk/) for all of our business vehicles (we negotiated some excellent van leasing (http://www.nationwidevehiclecontracts.co.uk/van_leasing.htm) deals) and for my personal vehicle. Most of my co-workers are now leasing rather than buying. We have found the prices, service and, importantly, the vehicles from NVC have all been excellent.

The advice provided by Hintza is spot on. Do your sums, consider worst case scenarios and tell your chosen car leasing firm of any reservations that you may have, particularly regarding excess mileage and maintenance. They may be in a position to offer discounts and allay any reservations that you may have.

[zeon999]

Total Fleet Services (http://www.lease-hire.co.uk) are good.I have used them for years.