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  1. #1
    @hibs.net private member MartinfaePorty's Avatar
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    Car Leasing - Any advice welcome

    Hi folks.

    As my old banger has been consigned to the scrapheap, I am looking into my options. Having spent a fortune this year on my wedding and honeymoon, I'm not really in a position to buy a car until next year and was wondering about leasing.

    I'm more about reliability than looks and just after a wee runabout (e.g. Ford Fiesta), as my wife has a larger car that we can use for holidays and longer journeys, so I wanted to know if anybody has any recommendations? Probably do no more than 6-7k miles per year and I would be looking to pay £150-£200 per month. I had a look at this through my work last year, as they offer this, but the choice was limited and the smallest car on offer was about £250+ pm. I wouldn't be looking to change it anytime soon, so happy to consider terms for 3-4 year lease, as well as shorter term.

    All help gratefully received!


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  3. #2
    Coaching Staff Hibbyradge's Avatar
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    What sort of deposit could you muster?

    PM me if you prefer.
    Buy nothing online unless you check for free cashback here first. I've already earned £1,789.68!



  4. #3
    @hibs.net private member johnbc70's Avatar
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    I have looked at this as well, does the monthly amount cover everything apart from fuel? Like repairs and Insurance etc.

  5. #4
    Coaching Staff Hibbyradge's Avatar
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    No, the monthly cost is for the car. On PCP anyway.
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  6. #5
    Quote Originally Posted by MartinfaePorty View Post
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    Hi folks.

    As my old banger has been consigned to the scrapheap, I am looking into my options. Having spent a fortune this year on my wedding and honeymoon, I'm not really in a position to buy a car until next year and was wondering about leasing.

    I'm more about reliability than looks and just after a wee runabout (e.g. Ford Fiesta), as my wife has a larger car that we can use for holidays and longer journeys, so I wanted to know if anybody has any recommendations? Probably do no more than 6-7k miles per year and I would be looking to pay £150-£200 per month. I had a look at this through my work last year, as they offer this, but the choice was limited and the smallest car on offer was about £250+ pm. I wouldn't be looking to change it anytime soon, so happy to consider terms for 3-4 year lease, as well as shorter term.

    All help gratefully received!
    We bought a 1 year old Corsa from Peter Vardy and it works out circa £180 p/m over 5 years. We traded in our car for scrap as part of the deal. That was 2 years ago. May still be able to offer something similar.

  7. #6
    Scottish Cup Victory - Witness 2016 Scouse Hibby's Avatar
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    Quote Originally Posted by johnbc70 View Post
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    I have looked at this as well, does the monthly amount cover everything apart from fuel? Like repairs and Insurance etc.
    You can lease with a maintenance option if you want.

  8. #7
    Coaching Staff Hibbyradge's Avatar
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    Quote Originally Posted by Scouse Hibby View Post
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    You can lease with a maintenance option if you want.
    True, but that really only means servicing, although very often, it's worth having, particularly if you're doing the mileage.

    New cars have at least 3 years warranty so most repairs, if they're even needed, should be covered.

    Tyres and brakes etc, of course, are not.
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  9. #8
    @hibs.net private member H18BYM's Avatar
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    I used the website below to find the best deal I could then went into the main dealership and got them to match the price. If you're not overly fussy on make/model etc. you get some amazing one-off deals from time to time. Mine is a 3yr deal with 10k miles per annum and was a special deal that no-one can get anywhere near at the minute.

    www.contracthireandleasing.com

  10. #9
    @hibs.net private member MartinfaePorty's Avatar
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    Thanks for the info so far. Will help me have at look at this over the weekend. As regards deposit, I'd be struggling to raise more than £500.

  11. #10
    @hibs.net private member lord bunberry's Avatar
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    Quote Originally Posted by johnbc70 View Post
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    I have looked at this as well, does the monthly amount cover everything apart from fuel? Like repairs and Insurance etc.
    My mates Mrs had a deal like that through her work (RBS). It sounded quite high at first, but when you take into account no maintenance costs or insurance, it wasn’t a bad deal.

    GIRLS DONT LIKE BOYS GIRLS LIKE SIMON MURRAY

  12. #11
    Coaching Staff Hibbyradge's Avatar
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    Quote Originally Posted by MartinfaePorty View Post
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    Thanks for the info so far. Will help me have at look at this over the weekend. As regards deposit, I'd be struggling to raise more than £500.
    Have you scapped the old one yet?

    Some manufacturers are offering scrappage deals.
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  13. #12
    Testimonial Due The Harp Awakes's Avatar
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    Quote Originally Posted by MartinfaePorty View Post
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    Hi folks.

    As my old banger has been consigned to the scrapheap, I am looking into my options. Having spent a fortune this year on my wedding and honeymoon, I'm not really in a position to buy a car until next year and was wondering about leasing.

    I'm more about reliability than looks and just after a wee runabout (e.g. Ford Fiesta), as my wife has a larger car that we can use for holidays and longer journeys, so I wanted to know if anybody has any recommendations? Probably do no more than 6-7k miles per year and I would be looking to pay £150-£200 per month. I had a look at this through my work last year, as they offer this, but the choice was limited and the smallest car on offer was about £250+ pm. I wouldn't be looking to change it anytime soon, so happy to consider terms for 3-4 year lease, as well as shorter term.

    All help gratefully received!
    I looked into car leasing in quite a bit of detail before taking out a 3 year personal contract hire (PCH) on a Jaguar XE in July. You can get some cracking deals just now, as there's so much competition between finance companies and with interest rates being so low.

    The website www.contracthireandleasing.com offers a really good search function covering 1000s of suppliers. There's a lot to think about in terms of choice of deal though: length of contract, maintenance contract or not, car model, annual mileage, value of deposit, etc. All will affect your monthly premium.

    As a suggestion, I'd go for a deal length which matches the length of warranty on the car, typically 3 years, and go for non-maintenance, as most mechanical repairs will be covered under the warranty.

    With PCH you pay a deposit + the monthly instalments for the contracted period, but when you hand the car back at the end of the contract, you don't get the option to buy the car. With personal contract purchase (PCP) you do get the option to buy the car at the end of the contract.

    The other thing to mention is that deals on some of the prestige makes, e.g., Audi, Jaguar etc, tend to be pretty decent in comparison to those for standard makes e.g., Ford, Vauxhall, etc. This is because the prestige makes tend to hold their value better/depreciate less, and the amount you pay over the contract is influenced by the rate of depreciation of the car.

    Hope that helps.

  14. #13
    We looked at leasing last time around but ended up buying.

    If you are looking to lease, https://www.rivervaleleasing.co.uk were recommended in a few different place, one of which was Which iirc.

  15. #14
    @hibs.net private member johnbc70's Avatar
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    I know very little about cars - this seems a good deal for £113 a month? Is a Dacia any good!?

    https://www.rivervaleleasing.co.uk/c...cess-5dr-77389

    There seems like some decent cars for under £150 a month.

  16. #15
    Coaching Staff steakbake's Avatar
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    Once had a Renault on lease. £158 a month. Servicing was included. In the end, decided it was a total waste of cash and couldn't wait to get out of the contract. Handed it back after it got to half way through.

    Since bought a 2nd hand car with savings. I wouldn't touch those deals again - it's a debt.

  17. #16
    @hibs.net private member calumhibee1's Avatar
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    Quote Originally Posted by steakbake View Post
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    Once had a Renault on lease. £158 a month. Servicing was included. In the end, decided it was a total waste of cash and couldn't wait to get out of the contract. Handed it back after it got to half way through.

    Since bought a 2nd hand car with savings. I wouldn't touch those deals again - it's a debt.
    It really just depends on the individual. I wouldn’t go back to buying cars outright anymore. I like a new car as I’m quite into cars anyway, however the reliability factor of a brand new car means you never have to worry about getting up in the morning for work and it not starting etc. Newer cars are also a lot more economical so you’ll save money on the fuel, road tax etc.

  18. #17
    @hibs.net private member Peevemor's Avatar
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    Quote Originally Posted by johnbc70 View Post
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    I know very little about cars - this seems a good deal for £113 a month? Is a Dacia any good!?

    https://www.rivervaleleasing.co.uk/c...cess-5dr-77389

    There seems like some decent cars for under £150 a month.
    It's a Romanian owned by Renault. They first hit the market here about 12-13 years ago and now they're everywhere. They're basic but reliable - we thought of getting one for madame at one point.

  19. #18
    Coaching Staff Hibbyradge's Avatar
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    Martin, re my PM.

    Have a look on here;

    https://www.drivethedeal.com
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  20. #19
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    I lease my car through select car leasing.

    As mentioned above you can get some cracking deals on some very nice cars and pay monthly just like a mobile phone bill (just a wee bit higher unless you are getting a iphone X from 3 )

    Horses for courses of course as 3 year old second hand will work out cheaper but I like PCH as I know I'm not front paying for 'equity' in the car when the lease ends and you can get flexible deals from only 2 years and 3 months up front.

    I would also concur with the non maintenance options. You will need to pay dealer prices on the servicing but otherwise you are covered by the warranty.

    I secured a Merc C class over £100 pm cheaper than VW wanted for a standard Golf on PCP.

    Mileage can make a big difference to the price so take some time to assess what you will need and try to get as close to that as possible.

    In the end of the day owing or leasing costs money either way as effectively the asset depreciates...do the calcs on each and work out the difference, that way you can make an informed choice. I decided that while leasing was more expansive the difference wasn't nearly as much as I assumed and definitely gave me much better value so 'happily' decided to pay a bit more for way more car.

  21. #20
    Coaching Staff steakbake's Avatar
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    Quote Originally Posted by calumhibee1 View Post
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    It really just depends on the individual. I wouldn’t go back to buying cars outright anymore. I like a new car as I’m quite into cars anyway, however the reliability factor of a brand new car means you never have to worry about getting up in the morning for work and it not starting etc. Newer cars are also a lot more economical so you’ll save money on the fuel, road tax etc.
    I would agree - but for me, just taking on debt.

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