Volkswagen Scirocco, 2.0 TSI 180ps GT 3dr Personal Lease, 10k miles PA, 24 months lease (3 + 23) £5776 in total. National Vehicle Solutions says it is limited offer.
You are hiring the car for the quoted amount for the indicated term. The hirer needs to pay for insurance and servicing during the hire term (and maybe optional gap insurance), plus any damage beyond reasonable wear and tear at the end of the hire, plus any excess mileage. For additional clarity: the hirer does not and will not ever own the car. The theory is the hirer should benefit by effectively paying less than the equivalent cost of depreciation of the vehicle's value over the stated term compared to if the hirer had actually bought the vehicle and subsequently sold it at the end of the equivalent term.
Dryosh
11 Apr 1615#1
5k miles over two years? That's an expensive driveway ornament.
masterbruce to boostii
11 Apr 1611#23
Cool story.
All comments (91)
Dryosh
11 Apr 1615#1
5k miles over two years? That's an expensive driveway ornament.
jase.2 to Dryosh
11 Apr 161#3
Its still only £5598 for 10k miles which looks like a decent deal to me - £2400 up front + £128 a month and £239 admin
pawciog
11 Apr 162#2
23x£197.62 + 592.86 initial payment + 239.99 fee = £5378 (will need to amend the price in title, can't see option to do this from mobile app?) Slightly cheaper if you can afford higher initial:
23x£111.16 + 2400 initial payment + 239.99 fee = £5196
10k miles = £5776 so even better deal?
Dryosh
11 Apr 161#4
That isn't going to last me 24 months.
jase.2
11 Apr 163#5
Its 10k per year not per 2 yrs
Dryosh
11 Apr 16#6
I see.
natalie291293
11 Apr 161#7
Hope someone can help as i dont really understand these car deals, does this mean you get the car for just £5598 all together with no extra costs?
AndyRoyd to natalie291293
11 Apr 1616#8
You are hiring the car for the quoted amount for the indicated term. The hirer needs to pay for insurance and servicing during the hire term (and maybe optional gap insurance), plus any damage beyond reasonable wear and tear at the end of the hire, plus any excess mileage. For additional clarity: the hirer does not and will not ever own the car. The theory is the hirer should benefit by effectively paying less than the equivalent cost of depreciation of the vehicle's value over the stated term compared to if the hirer had actually bought the vehicle and subsequently sold it at the end of the equivalent term.
zebrum
11 Apr 161#9
I doubt anyone on here would lease a car instead of buying one.
thegazman to zebrum
11 Apr 162#11
And why's that?
masterbruce to zebrum
11 Apr 1635#13
You're wrong
Oneday77 to zebrum
11 Apr 161#16
I have a full maintained Ford Focus Titanium sitting outside for £149 a month please tell me how that isn't a good deal?
markymark34 to zebrum
11 Apr 161#19
Wrong.
£6k to lease a car that will depreciate by £8k over the same period.
You have to do your sums, but sometimes leasing can be an excellent option. particularly for petrol heads like me who want to change their car every two years.
Dave_c to zebrum
11 Apr 161#20
I've been leasing for about 6 years now, works out perfectly for me, never have to mot or worry about a car issue again!
Currently got a focus st-3 for 191 a month, 1k deposit, 6 months left and I'll be looking for something else
royals to zebrum
17 Apr 16#44
Why?
Lease and pcp are the most common why to get a new car. 59% of people used pcp to get a car in 2015, majority of the remainder leased a car, a small number used finance and a miniscule amount of people paid the full amount
80% of Mercs and about 75% of BMW and Audi are on pcp
bellboys to zebrum
17 Apr 163#51
Are you new to HUKD?
Mr No to zebrum
17 Apr 161#53
I lease multiple vehicles for family and staff.
Currently paying £350 a month for a 380 BHP V6 Supercharged Jag XF that has a 50K list price.
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Opening post
23x £212.93 + £638.79 initial payment + £239.99 = £5776
Top comments
All comments (91)
23x£111.16 + 2400 initial payment + 239.99 fee = £5196
10k miles = £5776 so even better deal?
£6k to lease a car that will depreciate by £8k over the same period.
You have to do your sums, but sometimes leasing can be an excellent option. particularly for petrol heads like me who want to change their car every two years.
Currently got a focus st-3 for 191 a month, 1k deposit, 6 months left and I'll be looking for something else
Lease and pcp are the most common why to get a new car. 59% of people used pcp to get a car in 2015, majority of the remainder leased a car, a small number used finance and a miniscule amount of people paid the full amount
80% of Mercs and about 75% of BMW and Audi are on pcp
Currently paying £350 a month for a 380 BHP V6 Supercharged Jag XF that has a 50K list price.
Heat added.