General Lease/PCP/PCH Deals Thread

YankTank

I used Gateway 2 Lease for my lease car (goes back in few weeks) - G2L were very slick, and extremely easy to deal with. The car actually came via another supplier (ALD finance, very large company), G2L just middle men.

Just an observation - 8000 miles isn't much. I always wondered why anyone would bother with a lease car if they only did 6-8k miles a year !

FZR400RRSP

Mileage is irrelevant to why people lease.

YankTank

I guess you are right, in simplistic terms !

FZR400RRSP

If anything, low mileage drivers are more attracted to leasing, because that's where the most attractive lease figures come into play.
You might think a low mileage driver would be as well with a cheap, used, car.
But, as I said, the 'plus points' for leasing (cheap way of getting into a new car with a warranty) still apply.
As others have said, many just treat a car like a mobile phone.
Decide on a tariff (budget) and upgrade (change) your phone (car) every three years.
You'll never own it, but you'll also have relatively hassle free motoring and you'll always have the latest model.

True Romance

From what I understand you have to start again, so yes another deposit would be required.

NooBish AbbZ 92

If anybody on here has had a lease car, how have they fared when returning the vehicle with regards to damage/company being nobs about it/ extra charges. I've asked the company I'm likely to go with about whether they use the BVRLA fair wear and tear guide, which they do.

Likely to be leasing a Ford Fiesta titanium

Jon Boy

Most contract hire agreements require 3 or 6 payments up front plus vat every time you begin a new contract, you will never own the car and have to maintain it on behalf on the leasing company.

Jon Boy

Not strictly true, if i was doing 30,000 miles a year i certainly wouldn't PCP to leave myself a low G.M.F.V but with ridiculously high monthly repayments i would go straight to contract hire.

Everyone seems to think leasing is the be all and end all but it's not always the case, a PCP would still give you the warrant, usually free servicing, deposit contributions, loyalty/conquest discounts and incentives to renew with the same brand. You may also have some equity at the end depending on the cars residuals. Plus they are a lot more flexible and at a lower rate

GaryB19722010

Can you leave lease deals early or is there always a penalty. And if I wanted to change motors, would the new lease company pay off the existing lease with the view to set up a new one, confused.com

Jon Boy

No, another down point to leasing is you're pretty much locked in although i have heard of settlement figures being offered for early termination of which you are 100% liable for.

Tell me your situation/budget etc and i can point you in the right direction etc.