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Car Leasing Advice
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# 1
Blink_Eden
Old 09-01-2009, 11:55 AM
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Join Date: Jul 2007
Posts: 254
Default Car Leasing Advice

Can someone point me towards some websites that will give me reliable information on the pros and cons of leasing a car, I am hunting around on google but a good recommendation is always best.

I am researching for my mum whose current car is on its last legs.

She is just due retire in the next 3 - 5 years and should get a lump sum on retiring so is looking at getting something to tide her over until then, which is why we thought leasing might be the way to go.

She is a sensible driver with low mileage.

Can anyone give me any hints/tips/pointers on where to start so I can figure out the best thing for her to do.

Thanks

Roy
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# 2
Hintza
Old 09-01-2009, 1:20 PM
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Best advice I can give you at this point is go to the main motoring section page on this forum and click search this forum button and type in "leasing" or "lease".

We have covered this in quite a bit of detail.

If you have any more specific questions come back. Here a re a couple of pointers to get you started:-

Always my first port of call:- http://www.contracthireandleasing.com/
(you can get emails for deals that are of interest)

If mileage is around 10k per year then leasing might be an option. Don't decide on the car, decide on the deal some cars you will never get a decent deal on a lease. Good lease deals are where the manufacturer is trying to shift stock without obviously cutting prices.
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# 3
SpongeBob NoPants
Old 09-01-2009, 3:17 PM
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I look at http://www.lingscars.com/
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# 4
experience08
Old 04-02-2009, 4:04 PM
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This is really good info, i hope someone with authority reads this post and includes it in a "sticky"

Quote:
Originally Posted by Virgin_Saver View Post
There’s quite a few comparison websites for Leasing / Contract Hire.. ?

This post could drive you crazy, once you start to compare… you can’t stop, I suggest you find a site you like and take it from there!

Leasing Portals (Top 2 *)

http://www.buyyourcar.co.uk/new-car-lease *
http://www.carleasingdirectory.co.uk
http://www.carleasingspecialoffers.co.uk
http://www.carpricechecker.co.uk
http://www.carquoteuk.com/index.php?
http://www.contracthireandleasing.com *
http://www.desperateseller.co.uk/leasing/leasesearch.asp
http://www.email4carleasing.com
http://www.hitcarsearch.co.uk
http://www.leaseandcontracthire.com
http://www.leasingquote.co.uk
http://www.nationalautomotive.co.uk
http://www.nicedeals.co.uk/contract-hire/offers.php
http://www.theleasingdirectory.com
http://www.thevanwebsite.co.uk
http://www.vanleasingspecialoffers.co.uk
http://www.whatcar.com/contract-hire-and-leasing.aspx

Web Quote Service

http://www.askaprice.com
http://www.turboquote.co.uk

Website Leasing Directory (there are loads of these on the web, Splut etc..!)

http://www.carleasingcompanies.co.uk/car-leasing-region/east-midlands
http://www.fleetdirectory.co.uk/car_leasing
http://www.ukmotoringdirectory.co.uk/motoring.php?id=1892

Info sites

http://www.buyyourcar.co.uk/car-reviews.aspx
http://www.euroncap.com/home.aspx
http://www.honestjohn.co.uk/road_tests/index.htm
http://www.roadtestreports.co.uk
http://www.thegreencarwebsite.co.uk
http://www.thegreencarwebsite.co.uk/Eco-driving-guide.pdf
http://www.parkers.co.uk/cars/reviews
http://www.vcacarfueldata.org.uk/faq/glossary.asp

Being thrifty

http://www.petrolprices.com

Credit information (ICO) Understanding the ‘Credit Application’ Process

http://www.ico.gov.uk/upload/documents/library/data_protection/practical_application/credit_explained_leaflet_2005.pdf

Data sites

http://www.vcacarfueldata.org.uk/search/search.asp
http://www.vcacarfueldata.org.uk/ved

Cool tools!!! Help value your current vehicle.

http://www.vauxhall.co.uk/vaux/pages/global/valueMyCar/valueMyCarPopup.jsp
http://www.whatcar.com/valuations.aspx
http://www.whatcar.com/depreciation-index.aspx

Insurance Data base Could be useful ?

http://www.askmid.com

Tax Calculator - Tools

http://www.parkers.co.uk/cars/company-cars
http://www.whatcar.com/company-car-tax.aspx

Selling Your Old Car

http://www.autotrader.co.uk
http://www.exchangeandmart.co.uk/iad/carinput
http://www.webuyanycar.com *(old)
http://www.wewillbuyyourcar.com * (new-ish)

Finally

I can’t believe it… I’ve turned into a GEEK if you want to save money on phone calls (some of these contacts have 0845 / 0870 numbers)

http://www.saynoto0870.com/search.php

Maybe this post should go in another position? I didn’t realise I was about to write a full on Directory? Ooops I hope it helps.. there’s so much information on the internet, it’s sometimes hard knowing where to start.. and in my case stop.. J http://maps.google.co.uk/maps?hl=en&tab=il

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# 5
deadhac
Old 04-02-2009, 8:28 PM
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May i just ask a question along the same subject. i recently accepted an offer for a graduate job with an large accountancy firm starting in september. as part of their benefits package there is an option to lease a car from them. the prices include breakdown cover and insurance etc. i understand they have a very wide range of cars to choose from, but i have no idea what sort of price range they are. At the moment i am a student with no no-claims and am trying to work out if leasing will be more cost effective than buying a car outright.

Thanks for any help
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# 6
piggeh
Old 04-02-2009, 8:48 PM
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Depends on mileage for a start, you need to give some more figures and what sort of vehicle (or what band of vehicle) they are offering.

Having insurance included could save you some money.
matched betting: £879.63
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# 7
Virgin_Saver
Old 06-02-2009, 7:22 PM
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Ref: Deadhac

Hiya, sounds like a Company Car Scheme – whereby they do it as a ‘lease’ maybe to save benefit in kind – (a lot of companies do this) if you can ‘opt’ out take the cash and lease your own car, then you might get a better deal.. but you’ll also have the insurance and fuel cost, (fuel you could (probably) claim back.. ? i.e for the business miles)

As far as Lease V Buying.. only you can make that decision – buying anything in this climate is a tricky decision.. if you buy? you accept depreciation, plus cost of financing your purchase, if you ‘lease’ you basically fund ‘depreciation’ sometimes you can ‘lease’ a more expensive vehicle for less???

i.e you can afford £150.00 per month (+vat) which should get you between a £10,000 and £15,000 worth of vehicle (RRP)

But…
You might not be in a position to buy or fund a £15,000 car loan.. if you then talk about a second hand vehicle that was once worth £15,000 then your not comparing ‘apples with apples’ there are bargains to be had, both on ‘lease’ and on ‘used’ even ‘new’ (outright purchase) .. I’m sure you’ll get help (if you ask)

I think you need to decide what you want.. what you need? do you want an asset* or just a car? (remember vehicles *depreciate, and it generally cost % to borrow money)

Good luck!
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# 8
neil0491
Old 06-02-2009, 8:10 PM
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Join Date: Dec 2008
Location: surrey
Posts: 22
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Hi

I'm seriously looking at leasing a car this summer, I need to look at the 'pros' and 'cons' of course.
Any advise or websites please let me know

Thanks
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# 9
macko
Old 11-02-2009, 4:47 PM
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Join Date: Feb 2009
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Hi

I took out a 2 year lease hire deal on a car. At the time i had a company wit my ex partner and because he didnt have much of a credit rating, i acted as guarantor. I have split up with my ex, and gave him the building company but i am now stuck with a car which is costing me £590 a month which i cant afford. Is there any way of getting out of a lease hire agreement without getting an IVA against you?
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# 10
Hintza
Old 11-02-2009, 4:54 PM
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Read your lease. It will cost you though.

Whose name is the car in? If it's in his name then you might want to think of court action but you will need legal advice.
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# 11
nickmack
Old 11-02-2009, 5:00 PM
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Quote:
Originally Posted by macko View Post
Hi

I took out a 2 year lease hire deal on a car. At the time i had a company wit my ex partner and because he didnt have much of a credit rating, i acted as guarantor. I have split up with my ex, and gave him the building company but i am now stuck with a car which is costing me £590 a month which i cant afford. Is there any way of getting out of a lease hire agreement without getting an IVA against you?
IMO, you should really start a new thread about this. However, the point of being the guarantor is if your ex is not willing/able to pay the lease, you are obliged to make the payments.

Only two avenues I can think of...

Firstly try and get your ex to pay something towards it. From your post, it seems he is still using the vehicle, so try and get him to cough up, especially if his name is on the paperwork.

The other option is speak to the lease company about terminating early.
There will be some payment to make, but it might not be as much as the total of remaining payments.
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# 12
nickmack
Old 11-02-2009, 5:01 PM
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Quote:
Originally Posted by neil0491 View Post
I'm seriously looking at leasing a car this summer, I need to look at the 'pros' and 'cons' of course.
Any advise or websites please let me know
Search on here for 'lease' or 'leasing', there's loads of previous discussions.
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# 13
Lemonade Pockets
Old 11-02-2009, 6:22 PM
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Quote:
Originally Posted by deadhac View Post
May i just ask a question along the same subject. i recently accepted an offer for a graduate job with an large accountancy firm starting in september. as part of their benefits package there is an option to lease a car from them. the prices include breakdown cover and insurance etc. i understand they have a very wide range of cars to choose from, but i have no idea what sort of price range they are. At the moment i am a student with no no-claims and am trying to work out if leasing will be more cost effective than buying a car outright.

Thanks for any help
I'd wait until September and asses the situation, the financial world is changing rapidly atm. PWC (a wild guess) and the other big guys are starting to show signs of having a bit of a trimming down session.
If your after a new car and they are still have the same benefits on offer in Sept then you will probably find overall their package works out relatively cheap.
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# 14
macko
Old 11-02-2009, 8:00 PM
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Quote:
Originally Posted by nickmack View Post
IMO, you should really start a new thread about this. However, the point of being the guarantor is if your ex is not willing/able to pay the lease, you are obliged to make the payments.

Only two avenues I can think of...

Firstly try and get your ex to pay something towards it. From your post, it seems he is still using the vehicle, so try and get him to cough up, especially if his name is on the paperwork.

The other option is speak to the lease company about terminating early.
There will be some payment to make, but it might not be as much as the total of remaining payments.










im using the car because he wont pay a penny towards it and doesnt want anything to do with it and ive contacted the lease company to be told that if i were to hand the car back, i would still have to pay the full amount outstanding to the end of the agreement or i hand the car back and get an IVA. ive looked into swapping/selling a lease..has anyone done this? is it a good idea?
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# 15
Hintza
Old 24-02-2009, 1:44 PM
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Quote:
Originally Posted by ali_786 View Post
For excellent rates on a Brand New car on lease - contact www.amafinancing.com or Ali via sales@amafinancing.com

Prices are extremely competitive with specifications to suit your need.

Short term and long term leases available
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# 16
Mark Hewitt
Old 24-02-2009, 1:46 PM
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My fiancee is thinking about leasing for her next car. I don't claim to fully understand it but as she is self employed and uses the car for her business I believe that car lease payments are claimable against tax, whereas finance payments are not!
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