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Lease - To wait or take the plunge...

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chris1012
chris1012 Posts: 381 Forumite
Part of the Furniture 100 Posts Combo Breaker
So my current lease is coming to an end in June 2017.
In Jan 2017 we enquired about leasing a Skoda Kodiaq (we require a 7 seater SUV) and was hoping to pay a maximum of £350 a month for the top spec however at the time the best price they could offer was £375 (3+23, 10k PA).
The dealer advised us to wait until April 2017 where prices could drop - a risk we took.

Now in April for the same car/spec the prices have actually increased...Now it will cost us over £500 per month!!!
I know there has been changes recently with the VED increase, which hasn't helped our cause as well.

Would it be advisable to see if things settle over the next 2 months and possibly reduce or take the plunge on a lower spec while upping our budget to £400 a month?
London, UK

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  • motorguy
    motorguy Posts: 22,611 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    chris1012 wrote: »
    So my current lease is coming to an end in June 2017.
    In Jan 2017 we enquired about leasing a Skoda Kodiaq (we require a 7 seater SUV) and was hoping to pay a maximum of £350 a month for the top spec however at the time the best price they could offer was £375 (3+23, 10k PA).
    The dealer advised us to wait until April 2017 where prices could drop - a risk we took.

    Now in April for the same car/spec the prices have actually increased...Now it will cost us over £500 per month!!!
    I know there has been changes recently with the VED increase, which hasn't helped our cause as well.

    Would it be advisable to see if things settle over the next 2 months and possibly reduce or take the plunge on a lower spec while upping our budget to £400 a month?

    Have you tried some of the online leasing sites?

    For example :-

    https://www.contracthireandleasing.com/personal/car-leasing/skoda/kodiaq/

    Whats the exact model you're looking for?
  • chris1012
    chris1012 Posts: 381 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    motorguy wrote: »
    Have you tried some of the online leasing sites?

    For example :-

    https://www.contracthireandleasing.com/personal/car-leasing/skoda/kodiaq/

    Whats the exact model you're looking for?

    Look at ideally Edition or SEL with the follow addons -

    Black Metallic paint
    · Beige Upholstery
    · Lane assist and blind spot detection
    · ISOFIX on front passenger seat
    · Child Pack
    · Front and rear parking sensors
    · Media Command
    · Park assist
    London, UK
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