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Cheapest car leasing deal?
Comments
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As already said, it wasn’t really hard to read the thread title but I do understand that some people struggle with things like that.
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Hmm, doesn’t really answer the question. I’ve leased for years. I’ve no idea where this idea that the best deals are always on unpopular or run out stock. That’s simply not true.
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You may be able to increase the mileage on the plan. There will be a per-mile overage charge specified up-front. Which works out cheaper will vary.
No, you can't buy a car off lease. There are VAT reasons for this. You rent it, you hand it back.
If you think you might want to buy it, go for PCP.
Your "people only want low-spec" statement simply doesn't tie up with market reality. Dacia tried this with the white-paint/bare-bumpers/steel-wheels/no-radio/no-toys "Access" trims. Everybody bought the up-specced versions, often the top-spec ones.0 -
I was hugely in the PCH market as a customer, it's definitely a trend that models at the end of the line tend to appear on good deals. And models that have had negative reports in the market.
As often is the case, it's not a hard and fast rule. For example when Golf Rs first came on the scene, there were stunning lease deals about. I also had a great offer on a Focus RS on the table. I've seen great deals for M2 Comps.
There are positives and negatives with leasing. One of the negatives is that you get the base/poverty spec vehicle, often with solid paint. If adding any options then you pay for them over the term of the lease, very expensive therefore even if only adding metallic paint. Those Golf Rs for example were pretty basic with no options. Although, obviously rapid.
One solution is to get a vehicle that comes with options as standard, for example a ST3.
It sounds like it doesn't apply to the OP, as price is their priority.
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It's all in the arithmetic price to buy vs aggregated monthly payments (ie upfront payment + total monthly payments divided by the term) and what that ratio is to the cheapest price to buy. It's not really a difficult concept and and he can be applied quickly using RRP and fine tuning with a bit more research into real offers.
You need to know what an exceptional deal is versus a good deal vs a poor deal.
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In terms of finding the best deals I've found leasing.com helpful.
A query like this https://leasing.com/car-leasing/search/?finance=Personal&grouped=false&upfront=1&term=36 can throw up a good starter list for comparision. The total lease cost can be found by clickling through on the cars returned (or, in this case multiplying the monthly amount by 36).
You can then play about with the other values to fine tune (for what it's worth, I never often found any difference in total cost with any of the payment profiles viz 1 x 35, 3 x 35 etc).
In terms of excess mileage - this is sometimes given on the comparison websites but more commonly, in my experience, only once the broker is contacted. My current excess is 8 pence per mile. I have also asked in the past for mileage increases but, for some reason, they have always been more than the excess fee charge.
Contrary to other comments, I have previously bought cars from the leasing companies (both business and personal) at the end of leases though not all leasing companies do this and I plan accordingly. Further, none of the cars has been a run out or base model but maybe I am just fortunate with timing. My current lease, which I started last year, is on a car that came out last year too.One of the key factors in the decision of buying v leasing (for running a new vehicle) is simply based on the lease cost being more or less than the car's depreciation over the period. For sure, this can swing either way depending on what offers are available at the time.
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The best deals are going to be on whatever the leasing company gets cheapest. That's more likely to be unpopular / unsold stock as the manufacturer will be more likely to offer a better deal on them than something that sells well.
Whether that's a trim level that didn't do well, or a colour they've got too many of, or remants of a now facelifted production run.
That's presumably why you can get a lease on a Vauxhall Frontera for £147/month whilst the cheaper Corsa is £239.
Exactly the same as buying cash, except the leasing company has more buying power.1 -
OP, might be worth checking if your employer offers a salary sacrifice scheme (if you have one).
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Sorry, I am going to disagree. Good lease deals are on those specs with good/better residuals. So brown paint with pink interior isn’t going to be good. What manufacturer is building for stock anyway in 2026, as a rule?
Fire onto Leaseloco now. None of the current good deals are on unpopular specs or run outs.
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Go on then point in the direction of three deals that would interest me. I currently drive Skoda Superb Estate 2.0TDi and would be looking for another Estate or SUV of similar size. (Don't bother with any EV, Stellantis or Chinese vehicles).
I'm genuinely interested since I haven't leased for a few years. I looked at the Superb Estate on leaseloco and had to reach for the smelling salts.
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