The Car Lease Conundrum

thomas_c_3

Here's a question - I want to lease a car. I have found two deals. 'Deal Alpha' is a two year deal at £100 per month. 'Deal Bravo' is a four year deal at £100. Both have a zero deposit and admin fee. Which is the better deal?

Here's why I'm interested. If I go for Deal Alpha - I'll have the car for two years, and then I might be able to extend my lease for another one/two years, keep the same car and yet reduce the monthly cost from £100 down to say £80.

But 'Deal Bravo' allows me to lock in a reasonable price for longer. The risk with 'Deal Alpha' being In two years time, if I can't extend my lease, hire costs might have gone up to £110 for a comparable car.

Does anyone have any reccomendations? Is there a hard and fast 'best option' in this scenario?

motorguy

No, its down to you and your choices.

4 years is a long time to lock in to a particular car - what if your circumstances or needs change in the meantime?

Personally for that reason i'd go for the 2 year deal then see whats about at that point.

Up to you though

pogofish

thomas_c wrote: »

Here's a question - I want to lease a car. I have found two deals. 'Deal Alpha' is a two year deal at £100 per month. 'Deal Bravo' is a four year deal at £100. Both have a zero deposit and admin fee. Which is the better deal?

Here's why I'm interested. If I go for Deal Alpha - I'll have the car for two years, and then I might be able to extend my lease for another one/two years, keep the same car and yet reduce the monthly cost from £100 down to say £80.

But 'Deal Bravo' allows me to lock in a reasonable price for longer. The risk with 'Deal Alpha' being In two years time, if I can't extend my lease, hire costs might have gone up to £110 for a comparable car.

Does anyone have any reccomendations? Is there a hard and fast 'best option' in this scenario?

Why are you spamming the board with car lease threads/posts?

bigjl

I think you should just phone Lings Cars.

Much better idea and they don't spam online forums.


Yep

Definitely choose Lings Cars.