Leasing a car

Cornucopia

Many manufacturers now offer leases alongside PCPs (which are very similar, anyway).

Depending on the deal detail, you may find a PCP to be a similar cost, but with more flexibility during and after the contract term.

PCPs tend not to come with insurance, although Peugeot's "Just add fuel" does. There are also often "free" insurance deals available generally. However, unless you are a particularly high risk, you probably won't make significant savings with such schemes. Is insurance an issue for you?

Have a think about the broad type of car you'd ideally like and then use a flexible search site like: http://www.whatcar.com/car-leasing/ to find a rough idea of price that you can use to compare with the NHS scheme. As a rough guide, a small hatchback for 7000 miles pa should be around £125-£175 pm, depending on the deal detail and the size of the deposit. Whilst you're looking around, you may see prices quoted "ex VAT". As a private customer, you would need to add on 20% to those prices.

Where you see something like: "6 + 23" this means the deposit is 6x the monthly payment, and it is a 2 year lease, overall.

e.g. SEAT Ibiza Sport Coupe 1.0 A/C 3dr Petrol
£115.39 on a 3+35 Lease, 8000 miles pa.

Meaning a 3 year term, with an initial payment of £346. With a Lease you hand the car back at the end of the term with nothing more to pay (assuming good mileage and condition).

With a PCP, you have the choice at the end of the term to hand the car back, to trade it in (possibly producing a small amount of cash), to sell it and settle the finance, or to buy the car by paying the finance company the "balloon payment".

neilmcl

penfoldno1 wrote: »

I'm guessing you must be joking not helpful at all

Excuse me! What was unhelpful about my post?

forgotmyname

neilmcl wrote: »

Excuse me! What was unhelpful about my post?

I thought the same.. Made sense to me.

OP if you want a popular car in a popular colour then the deal maybe poor. If you want a good deal then the choice maybe limited.

Depends if you want a good deal or not?

w211

About to order my 2nd car from https://www.lingscars.com

Highly recommended, and the latest deal beat my local dealer by £100 a month, with an extra 5,000 miles a year allowance.

Just to got to get past that crazy website first..

DKLS

penfoldno1 wrote: »

I'm guessing you must be joking not helpful at all

Valid and good advice for leasing, the leasing market is a quirky old thing and some models are put out to lease on very cheap deals and you can often get a much better car for your money than if you hold out for a specific car in a specific colour and spec.

bigjl

The mileage limit may be 7000 but surely you can opt to just pay for the extra mileage?

The limited mileage may be specific to your Trust.

As I have a former work mate that does 20k or more a year in his NHS Lease car. He got the last of the old shape Hyundai i30's so there always the chance that for that reason his mileage limit was higher.

Haven't spoken to him in a couple of years as he moved up North.

But he reckoned it was the best value he could find and he was as tight as you can be so he would have looked into it in detail.

bigadaj

Nathan 1989 is spamming.

Hintza

As has been said go for the deal and not the car. Unless you spens sometime on this you will not know what is a good deal and neither will you know if leasing is cheaper than Cash, HP, PCP etc.

Get a spreadsheet up and running and put some effort in. Then when you see a deal you will know it is a good deal.

dannyrst

Hintza wrote: »

As has been said go for the deal and not the car. Unless you spens sometime on this you will not know what is a good deal and neither will you know if leasing is cheaper than Cash, HP, PCP etc.

Get a spreadsheet up and running and put some effort in. Then when you see a deal you will know it is a good deal.

People don't do that now a days.

neilmcl

Nice of the OP to come back and acknowledge these helpful replies.