Car leasing - where to start?

dancity

Good evening folks.
I'm new to this site and couldn't find a related topic.

I'm a new driver and looking to get on the road with my own car as soon as possible. But I'm really unsure on which companies to trust and avoid as people have told me mixed reviews when leasing.

Any recommendations on which companies to go for?

forgotmyname

New driver and a lease car. Checked the insurance?

neilmcl

Also, how old are you?

dancity

I'm 24.
Got a six week old newborn so driving is pretty much a necessity right now.
Been doing 4 lessons a week and have passed my tests within the space of a few months.
Buying isn't an option at the moment unfortunately, so just wanting to know what the best available options are without having to buy outright.

SmellyPetrol

You've got so many options when it come to which company.
Sometimes the dealership direct will give you a good price, sometimes best go with a broker to get a larger discount.

When i went for a lease, i checked out the top 10 on the 'private leasing' section on trustpilot - https://www.trustpilot.co.uk/categories/privat_leasing

plus a few other local firms near me, cos if there was a problem - i can go in and sort it properly!!

I'd just say don't get pulled into a sale, always have the option to say no and actually be open about what you want, sometimes you'll be surprised whats out there.

If you want a factory order car - takes longer (of course)
if you want a stock car - apparently it can be turned around and you can have the keys in hand in like, 2 weeks.

dancity

Ahh thanks for that
I have an idea of a car and manfacturor that I want at the moment but wouldn't be against choosing something different if I found something else within my price range.

andrewf75

If you want a moneysaving way of doing it, get a loan and buy a second hand car. Leasing is a VERY expensive way of running a car.

Jimx26

andrewf75 wrote: »

If you want a moneysaving way of doing it, get a loan and buy a second hand car. Leasing is a VERY expensive way of running a car.

Not reall if you want a new car every couple of years.


There are some very good deals about at the moment.

andrewf75

Jimx26 wrote: »

Not reall if you want a new car every couple of years.

There are some very good deals about at the moment.

That is true of course, but having a new car every few years in itself isn't very moneysaving, since that is the period during which you lose shedloads of money in deprecation!

SmellyPetrol

tbh the "very good deals about at the moment" has been said for years. I'm pretty sure there's ALWAYS a good deal about. Sometimes though, a good deal in terms of the end price isn't the best deal if you add it all up.

You gotta look at the insurance, the fuel economy, premiums etc.

So another bit of advice a company gave me is not to be a sucker for the final price. Don't be a sucker for a low payment either, like sub £80. Cos usually that means a low mileage allowance and a major upfront cost.

But really it's all very 'what your circumstances are.'

forgotmyname

Your initial deposit will usually be enough to buy a decent used car.

Dont forget, being a new driver your likely to have bumps and scrapes. You will need to have these properly repaired before handing the car back otherwise they will charge you a fortune.