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Source: HotUKDeals | Deals > All categories
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Opening post
matteava
3 May 16
My first deal so please be kind.
Here you have a shiny new VW mvp for the price of a C1! 2L diesel engine which should guarantee decent performances and good fuel economy. the deal is for 10K miles per year but can be easily personalized.

It is good for you if you:
-like leasing
-need space
-want a decent set of new wheels for a cheap price

Not for you if:
-you can't get the fact that although you can buy a car which is yours to keep for that money, some people like brand new cars and don't want to pay for depreciation.
-you don't like leasing
-you don't need a vehicle which is basically a van with windows.
Top comments
mjccam
3 May 16 16 #6
That's how a lease works
blueroo to 118luke
3 May 16 11 #20
In fairness the op was very kind to state the following:

It is good for you if you:
-like leasing
-need space
-want a decent set of new wheels for a cheap price

Not for you if:
-you can't get the fact that although you can buy a car which is yours to keep for that money, some people like brand new cars and don't want to pay for depreciation.
-you don't like leasing
-you don't need a vehicle which is basically a van with windows.

At a guess, you fall into the 'not for you' category and should refrain from reading further.
118luke
3 May 16 8 #17
Still cant fathom out the fascination with lease deals on here. OK i get that you get the enjoyment of driving a brand new car and can show off to the neighbors. But the thought of paying for a car month after month indefinitely makes me shudder.
My last car i bought on finance - a 6 month old ex-demonstrator, loaded with extras and had £1000's off the new price. The car was paid off in 3 years, and i still have it (its about 7 years old now).
Its Costing me very little in maintenance and i don't have to pay a penny for it now as i fully own it.
Best of all its still worth a few thousand pounds.

Fine - its depreciated since i bought it i know, but i am certain in the same amount of time of ownership - i would've paid far more in leasing deals than it has cost me.
shakerstevens
3 May 16 8 #9
Heat just for answering the "not for you" section before all the lease haters start posting messages about 15 year old BMWs they can get for the same money.
All comments (110)
M_z
3 May 16 7 #1
This car won't be mine at the end of the lease AND its basically a van with windows!!!!!
scaryrobert to M_z
3 May 16 3 #16
Yes I agree. The car won't be yours but let me do the maths for you and then u can tell me whether you would like his car to be yours.
This car cost £21k new. You pay £4K to drive this car for 2 years. If you bought and owned this car how much would it be worth after 2 years? It would guaranteed to have depreciated more than £4K after 2 years. I'm guessing around the £13-14k if your lucky and that's me being very generous. So now it has cost you £7-8k to drive the same car over 2 years. So do u still care that much that you don't own the car? Yes it is a van with Windows but aren't most proper people carriers these days? Plus it has sliding doors and tons of space. As a parent with kids I know I wouldn't mind driving it.
incredibl
3 May 16 #2
Looking for a crv lease deal if anyone finds a good one, cheers
adrianjowitt to incredibl
3 May 16 4 #4
​ you posted on one two days ago...
hooray henry
3 May 16 #3
Great deal, great vehicle. Considering 90% of cars driving around arent using their back seats and can carry very little cargo this seems like a vehicle most folks should be using in reality ?
Cristiano
3 May 16 3 #5
mjccam
3 May 16 16 #6
That's how a lease works
cgap
3 May 16 4 #7
sorely tempted by this. my car (59 plate Clio estate) is due a cambelt change soon, then within 12 months a major service and new brakes, discs and tyres.

all that will cost me nearly a grand, and my car is worth 3k at most. Might as well sell now, and enjoy 2yrs of hassle free fixed cost motoring!
jaydeeuk1 to cgap
3 May 16 #24
£1000 for a cambelt discs, brakes and tyres if you went to Kwik fit or halfords probably. Don't forget the new exhaust too. Try a proper garage, no way should that come to over £800, even 'darn sarf'.
SpamJavelin
3 May 16 1 #8
Great deal that one! Just need something similar to be around in a year when the Yeti is due for replacement.
shakerstevens
3 May 16 8 #9
Heat just for answering the "not for you" section before all the lease haters start posting messages about 15 year old BMWs they can get for the same money.
Staypuff
3 May 16 2 #10
Cold, can buy a 15 year old BMW for less money, and it's a real drivers car not a fake drivers car like this :P
scaryrobert to Staypuff
3 May 16 #18
Yes I agree you can buy a 15 year old Bmw for the same money but you are not driving a brand new people carrier for potentially 2 years trouble free motoring. If anything was to go wrong it will be likely to be covered by warranty. 15 year old Bmw? Let's start with 2 Mots, if you pass then let's think about potential wear and tear items like suspension, brakes, engine wear, exhaust maybe? Tyres? All of these very likely in a 15 year old car. At that age a timing belt change and major services are also highly probable. Now the lease deal does not sound too bad.
futura
3 May 16 #11
Excellent deal as depreciation on these alone must be more than £2k a yr
hukdbargain
3 May 16 1 #12
Cold. Can buy a second hand car for this and keep it after the 2 years.
Gozer to hukdbargain
3 May 16 2 #15
No Sh*t???
themorgatron
3 May 16 #13
I'm guessing the equivalent lease for the van proper is ~£200pm.

I've never understood why the cost of vans are so ridiculously high.
Quickblood to themorgatron
3 May 16 #29
I can understand leasing something posh and fancy but a VW caddy?

Weirdly I quite fancy one though for some reason. What's happening to me.

Yeah I was quite surprised by that, gonna buy an old MPV instead.
corderz
3 May 16 1 #14
Can you get the same in just a van....
118luke
3 May 16 8 #17
Still cant fathom out the fascination with lease deals on here. OK i get that you get the enjoyment of driving a brand new car and can show off to the neighbors. But the thought of paying for a car month after month indefinitely makes me shudder.
My last car i bought on finance - a 6 month old ex-demonstrator, loaded with extras and had £1000's off the new price. The car was paid off in 3 years, and i still have it (its about 7 years old now).
Its Costing me very little in maintenance and i don't have to pay a penny for it now as i fully own it.
Best of all its still worth a few thousand pounds.

Fine - its depreciated since i bought it i know, but i am certain in the same amount of time of ownership - i would've paid far more in leasing deals than it has cost me.
scaryrobert to 118luke
3 May 16 1 #19
I totally agree with you. Lease deals don't suit everyone. In the same way someone would choose to run around in a 5 door hatchback while others might choose to drive a 100k Range Rover which in its first 6months of depreciation will buy you a very decent car.
blueroo to 118luke
3 May 16 11 #20
In fairness the op was very kind to state the following:

It is good for you if you:
-like leasing
-need space
-want a decent set of new wheels for a cheap price

Not for you if:
-you can't get the fact that although you can buy a car which is yours to keep for that money, some people like brand new cars and don't want to pay for depreciation.
-you don't like leasing
-you don't need a vehicle which is basically a van with windows.

At a guess, you fall into the 'not for you' category and should refrain from reading further.
EagleUK to 118luke
3 May 16 #32
If you were going out to buy this car new, you would lose more value in depreciation than it costs to lease it.

If you had the option of getting a second hand car on finance it wouldn't be worthwhile alternative compared to this either.

You got a good deal on a ex demonstrator (lucky you) but not every car sold is a ex demonstrator for obvious reasons.

If your not interested in a lease why even look at the deal, its not for you its for someone who is interested in a lease.
Staypuff
3 May 16 2 #21
You know I was joking right,hence posting right underneath the 15 year old BMW comment? Also the REAL driving comment should have given it away as anyone who's owned a BMW knows that the 2 weeks of real sun we get a year lets you drive it as it was meant to be but the rest of the time its twitchy back end time in the dull raining pit that is UK weather :smiley:
M_z
3 May 16 1 #22
There must have been a deal on sense of humour bypass operations ....... :smile::stuck_out_tongue:
yeahbutitsnotfree
3 May 16 #23
anyone know how to get one for taxi, preferably a 7 seater, with leather trim
bigdai77
3 May 16 #25
I thought that these were seven seat but the tech spec says five seats. Can anyone confirm this? It does seem like a cracking deal.
bigdai77 to bigdai77
3 May 16 #26
I'm a plonker, it's an option.
incredibl
3 May 16 #27
​Looking for a better deal...
incredibl
3 May 16 #28
Brilliant how every lease post turns into the war between owners and leasers. It's a way of thinking that separates the two. All cars will cost money (apart from classics which are investments) maintenance, tyres, oil changes, brakes, tyres, mot, services, major services, and depreciation. Why not always have a new car, no mot, newest technology, yes cost is higher, but at least you won't worry about sudden breakdowns, sitting in the rain as the gasket has blown, trying to find jump leads when the battery is flat, and best of all, the cars are getting more and more fuel efficient... False economy... Cars are like mobile phones, they last for a certain amount of time, then time for a change. If you have an older car, it's just a lottery whether it will cost you tomorrow when it breaks down, at least with a lease you have your fixed commitment, warranty, and peace of mind.
duncanhill
3 May 16 #30
Well I decided to try leasing a C1 and so far its been a great option, even taking into account I qualify for Ford employee discount. Previously we purchased a new Focus RRP £20,000, after discount £14,000 traded it in after 2 years and got £11,000 part ex, I lost £3k other customers £6k+. C1 will cost us £1900 for 18months, 4miles per day, keeping miles off the Ford Kuga we are buying/owning.

Now a question that I don't think has been asked before, at the end of the lease period in theory the dealer cleans the vehicle and puts it on the forecourt. Customer comes along haggles the price down and its sold. Has anyone had success in buying the lease vehicle at the end of lease period, dealer takes the hit on depreciation, and you know the vehicle history?
hukdbargain to duncanhill
3 May 16 #31
You really think the dealer is going to take a hit. They would be out of business if they did.
brett1985
3 May 16 1 #33
One thing at counts against lease is that it is still quite an expensive way to acquire a vehicle, and still entails paying a premium for something 'new'.
Gollywood
3 May 16 #34
​I have no idea what any of that meant :neutral_face:
118luke
3 May 16 #35
Let's look at it with an open mind.
Initial Cost/Deposit
Leasing: £1080
Buying: £100-£100000 (Whatever you want to pay)
Leasing you have to put down a fixed amount up front. Buying you usually have a small minimum deposit (sometimes no deposit), but can pay more if you want.
Winner=Buying

Monthly payments
Leasing: Roughly half of what a finance agreement would be over a 4 year term
Buying: Opposite to above.
Winner: Leasing

Maintenance/Upkeep:
Leasing: They pay for Tyre's/Brakes/MOT etc (which is unlikely to be needed during the lease term anyway)
Buying: A car of the same age wont need the above either. Older cars will need these, however the monthly cost would be far less than a lease.
Winner: Draw

Reliability:
Leasing: New car will be under warranty.
Buying: New car will be under warranty. Older cars can have warranty packages bought for little money. (Less than monthly leasing cost). Used cars may also suffer from other part failures, however these one-off costs mean you will still have more money in the bank compared to a monthly lease.
Winner: Draw

Wear, tear and damages
Leasing: Lease companies have fair wear & tear policy. How good are they? Can vary between individuals. Anything other than wear/tear must be rectified at lessee's expense at the end of the term.
Buying: As you own the car, there is no penalty for wear/tear/damages (other than impact to resale value)
Winner: Buying (due to not being forced to pay for damages)

Resale Value
Leasing: Absolutely nada. Zero. Zilch.
Buying: Varies depending on age, mileage and damage.
Winner: Buying

New Car 'WOW' factor
Leasing: A shiny brand new car parked in your driveway every 2 years.
Buying: New car: Will get this feeling at first, then negates. Older Car: Will not get this feeling
Winner: Leasing

Mileage:
Leasing: Capped at average mileage, subject to excess mileage charges if exceeded.
Buying: No mileage restrictions, other than depreciation for very high mileage.
Winner: Buying

Factoring everything in above, if you absolutely MUST have a new car every 2 years to show off to the neighbors and your mates at the pub, then leasing is the only way you should go. If you want to keep expenditure to a minimum (in the long term) and dont mind keeping the car for a bit longer, you are better off getting a decent finance deal on a 12 month old car.
Kazan
3 May 16 #36
Lease is for people who wants to own a brand new car! Looks like for some people it's really difficult to understand this.
brett1985
3 May 16 1 #37
I think people are entitled to comment on the relative value of new, lease or used being that its a consumer discussion.
118luke
3 May 16 1 #38
They dont OWN it though
Kazan
3 May 16 #39
and that's the beauty of leasing. If you want to drive brand new car this deal is for you. If you are only interested in 2nd hand cars check autotrader.
justhelping
3 May 16 2 #40
I think the other thing about leasing that has not been mentioned is that you can change your car every two years depending on personal circumstances and affordability. Many people I know are stuck with cars that don't fit their circumstances due to not being able to afford to change (e.g. will loose to much on the purchase). e.g. you may have a car too small for the growing family, or you've gone from driving lots of motorway miles to just a very short commute. The thing with leasing is you know that you can change the car in x-months if you have a change in circumstance. We have changed our car and grown it as the family have grown.

It's not just about driving a shiny new car every two years, there are some other practical reasons. We are just looking for a PHEV deal at the moment, as I've gone from 22000 miles a year to about 10,000, with many more daily local short journey's, and monthly long journey, so it seems the best car for the job.
morrig
3 May 16 #41
Not one mentioned Tea yet.
fezfezed1
4 May 16 #42
Any advice on doing this? I have a lease car due for delivery this Friday from Select.
apmirkin
4 May 16 #43
its rubbish as a diesel you should expect to do high mileage. 12-16k is average in a diesel
smmcandrew
4 May 16 #44
Has 5 seats and I need 7....is the Caddy Maxi Life version available? Alternatively if anyone knows of any other 7-seater lease deals then please post. Good deal though
cossiecraig
4 May 16 2 #45
You would think now after the numerous amount of lease deals posted over the months on here that the same old debate of lease vs purchase would now be exhausted (excuse the pun)
cossiecraig
4 May 16 #46
Smoking deal btw.
Rickardo
4 May 16 #47
But looks like there's two components to pay for:
Seven seater pack £455
Preparation for this row seats £175

I don't understand why you would want the 5 seat version of this anyway (as in I don't have a choice these days!).
Rickardo
4 May 16 #48
See my post above. There are options.
Rickardo
4 May 16 #49
That option is £15 extra.
WheresMeNuts
4 May 16 #50
If I was to take a lease car for 3 years & say I was paying around £180 p/month.When the 3 years are up,do I get first offer of buying the car & if yes,does the price stay at around £180 or does it become silly money p/month ?
mkaiser1
4 May 16 #51
Why do people comment on the value of alternatives like a used car? Hot UK Deals isn't about that. It's about a good price for a specific thing. If I wanted a new VW Caddy Life then THIS is a good price for getting one. Fact. Heat from me. Might even take this out.

Does anyone know if you can fit 3 child car seats in this by the way? I know there's only 2 isofix but looks like 3 seats might be possible.
smmcandrew
4 May 16 #52
Thank you
FrostbiteXIII
4 May 16 #53
Ok I've owned my R reg Golf for a decade now, but with 3 young kids I'm needing to upgrade soon...

Buying a second hand car scares me (what if it breaks after a month?)... But a new car is obviously very expensive, so after all these years am seriously considering leading, and this looks like a great deal (thanks op)...

Few stupid questions:
- How much is the extra mileage (I've never done more than 5000 miles a year, but last year was 4900)
- What does leasing (particularly this deal) actually include (car tax / insurance)
- What if the car breaks down

Many thanks in advance!
usetheforceluke
4 May 16 #54
have you tried going on the site and checking......perhaps even emailing them. Dont think anyone here represents the company

only took me all of 5 seconds to find out that it includes tax and breakdown cover
FrostbiteXIII
4 May 16 2 #55
Sorry, forgot that the only valid comments were "STUPID LEASE DEALS ARE STUPID" or "NO LEASE DEALS ARE REALLY GOOD IF YOU GET A CAR EVERY COUPLE YEARS". :/
usetheforceluke
4 May 16 #56
5k mileage is cheaper ( i went to the deal and ticked a box )

road tax is included ( i went to the deal and read the text )

ditto with breakdown cover

as for insurance the deal page does not mention, but I am sure pressing the enquiry button and asking the question would reap rewards in getting the answer. All the best.
FrostbiteXIII
4 May 16 #57
Yeah sorry for the sarcasm. I blame lack of sleep due to an 11 week old and having to deal with a website on a phone.

Thanks for the info. :smiley:
PierremontQuaker
4 May 16 #58
other Pros to add to the list as well as the inclusion of Breakdown cover and Car tax - is that you do not have the pain of selling the car i.e. the proverbial tyre kickers if selling privately, or if you try and sell to a car dealer/ or part ex they will try and give you min price for it.
jambone
4 May 16 #59
Ok, well I thought this WAS a van and was very interested...
118luke
4 May 16 1 #60
In fairness the OP put a clever spin on the statements. Yes we can all cause statements to sound 'for' or 'against' the case. For example - the OP could have written:

Good for you if you:
- Dont mind paying every month for a car thats not yours and you wont own
- Feel the need to show off to the neighbors/mates at the pub
- Don't mind driving around in a van for 2 years

Not for you if:
- You do a lot of mileage
- Your not bothered about driving a new car
- You want to save money in the longer term
Kikesin
4 May 16 #61
From reading other threads, this website below was recommended for GAP insurance:
https://easygap.co.uk/23/car-gap-insurance?gclid=CPzY6OrqysoCFQsEwwodZrsEfw

I suggest you give them a call to discuss clearly your options, but have seen people were quoted £63 for £5000 cover. And if you want to cover your initial deposit its £35.
Both of these are one-off payments.

Also, check with your insurer as some companies will replace new for new if its within the first year or two, so worth ringing them to double check. If this is the case, you wouldnt need GAP insurance but make sure you get the full terms and conditions from your insurer as have seen that some only offer this if you are the sole driver of the vehicle.

Hope this helps.
Rickardo
4 May 16 #62
You can easily select different mileage and amount of initial payment and the price adjusts automatically. It does mention maintenance deals (i.e. includes servicing) are available but I couldn't easily see the price of this.
aymanhd
4 May 16 #63
I'm going from a 15 year-old BMW into a lease. Although, it's the Golf R, so I think it's okay.
Rickardo
4 May 16 5 #64
This is not solely directed at 118luke.

Why does every lease deal always assume people want a new car to show off to others? I have never had a car newer than 5 years old, often older (current one was 8 years old when I bought it 3.5 years ago), but with a large family and one car, I feel that now I would like the benefit of a new car with reliability/warranty, no MOT etc. plus I can afford there monthly payments (as long as initial payment not too large either) and, actually, I just would like a new car... for me, no-one else, not to show off. Just. Because.

Yes, I agree that in a lot of circumstances alternative financing, second hand etc. makes sense - I don't care, what do you think I've been doing for the last 20 odd years? I'm now at a point in life I'm considering leasing as an option and instead of being able to easily read people's experiences of the car, the company or the actual process, the threads get filled up with pointless comments that just detract from the deal. I'm sure it puts people off adding valuable information.
Deedie
4 May 16 1 #65
well said. exactly my reasons for going for my first lease deal. hoping my new skoda yeti will be delivered just in time for camping season. don't care what anybody else thinks of the car, it fits my needs perfectly
FrostbiteXIII
4 May 16 #66
Thank you, well said. Me too. :smiley:
muz379
4 May 16 #67
Hot from me , depreciation in this time would be well more than £4k

To be fair not everyone who wants a brand new car on a lease is doing so to show off . That is like suggesting that you wanted to show off by buying a 6 month old car vs one 2 years old which with many manufacturers would be the same spec/shape etc etc .

Some people do just like the convenience of one monthly payment , not having to worry about what happens if the car has a breakdown etc . Some people dont like the idea of owning a car because depreciation can sometimes be unpredictable . I wonder how many people who leased cars implicated in the VAG diesel emissions scandal are glad that they can just give their car back without loosing the thousands that owners have in unexpected depreciation . Some people do not particularly like cars and just use them as a means to get from A to B so looking at loads of used cars before finding the one does not appeal to them . If you are someone who wants to be driving a car which is at the most 3 years old then leasing makes loads of sense over buying the car either cash if you have that much money to put into one asset or on finance most ,lease deals cost less than the depreciation on the vehicle you would be exposed to as a personal customer because the leasing companies can take advantage of bulk buying and special relationships with manufacturers . If you do not mind driving a car that is older and are accepting the risks of unknown costs then ownership is a better option sure .

I similarly to you bought a manufacturer approved used car at 18months old with super low mileage (2500 miles) I have just got about 7 or 8 more payments on the loan I took out from the bank to finance this and then the car is all mine . So its not as if I am speaking as someone who is only into leasing as a method of driving a car around . I actually see you point . But I also see the point behind leases
c-traxx
4 May 16 #68
I love to read lease deals comments.
P1Man
4 May 16 5 #69
Can we have a lease deal admin who can just delete all the useless comments from people who seem determined to tell everyone that they don't understand the point of leasing or that if you can't own something outright at the end of a term of payments it must be a bad deal or that they have an I.Q. in single digits.
Why waste our time & yours every time a lease deal comes up ??

I have never leased a vehicle but understand the value & benefits of it in specific circumstances. Having the use of this vehicle for 2 years for less than £4k outlay is a good deal - is it the best lease price for this vehicle or similar ?? That's what you should vote hot or cold on, not whether you understand the concept of leasing or just fundamentally disagree with it.

After all, one of the most astute financial minds in the world has the mantra "If it appreciates, buy it. If it depreciates, lease it".

I'd have thought it would be quite easy to buy a new one of these and find its resale value after 2 years is far less than £4k off the new price.

Voted Hot.

OP, you picked a tricky subject for your first post as lots of people will down vote & comment negatively because they don't understand the value of leasing. They shouldn't be commenting or voting on this but they do. Shame they are allowed to vote on important national matters when they can't even understand leasing :-(
Spongebob99
4 May 16 #70
www.companycarleasing.com
Cristiano
4 May 16 #71
Well said, it is a good price for what you get and the same comments appear regardless of the deal posted.

Can you imagine.... Bentley continental £100 a month for 2 years with a £500 payment upfront - terrible deal as I can buy a fiesta. Stupid lease deal.
MIDURIX
4 May 16 #72
Anyone find the more powerful 2.0 version for a bit more?
no1khurm
4 May 16 #73
Is this 2016 plate?
JPCL123
4 May 16 #74
Great it was actually ever available! Please expire
ibblackberry1
4 May 16 #75
In fairness, The op if just pointing you in the right direction of a deal he noticed, his op is light hearted but anyone serious about the lease will look into it and I doubt they will be swayed by the op.
muz379
4 May 16 1 #76
Completely agree with this I dont lease either
But I voted hot because if I was in the market for a VW Caddy to lease this is a good deal . That is what people should be voting hot on .All too often on car threads you get people voting cold because they dont like the brand,dont understand leasing and think a 10 year old £2k banger is comparable or they dont need a vehicle of this size or type themselves . Vote hot on the value of the deal
ScoobyStoo
4 May 16 #77
This always drives me slightly nuts and makes my eyelid twitch.

If people post bargains they'll get praise. If they post rubbish they'll get stick.

It doesn't (and shouldn't) matter if it's someone's 1st or 1000th deal.
usetheforceluke
4 May 16 1 #78
Good luck with the new baby - I got twins ( grown up now ) and I remember those sleepless nights. Perhaps you should have leased a baby instead of getting a permanent fixture :smiley:
AndyKendo
4 May 16 #79
Council.
spenspuma
4 May 16 #80
Ffs
montyburns56
4 May 16 1 #81
At last a deal for fans of Line Of Duty .
Bikerdanny
4 May 16 1 #82
Hear goes the whole lease or not to lease arguement, on one side are the people who buy cars and want to "own" it despite it potentially costing them more/ a very similar amount over a period of time. Then there are people like myself who appreciate that you don't just "buy" a car and there are lots of other costs that need to be factored in plus the actual large upfront payment or crap APR finance deal that you need to purchase that car. I'm personally driving around in a leased Pug 208GTI with all the bells and whistles, a car that costs £20k new and that I wouldn't want to own outside of warranty as its quite a complex little thing. I'm paying £3k over the lease period and can hand it back care free, it's also nice not to have to worry about any unforeseen repair/breakdown bills.
barbiegirl
4 May 16 #83
Never own a depreciating asset, lease them. Own appreciating assets. Did J P Getty all right by that maxim...

HUKD used to be a great site - now it seems to be a forum for either attacking people and personal ribaldry or just comments from people who come across very ill-informed and / or not very bright. Shame really.
bigdai77
4 May 16 #84
Spoke to them and the pack price includes delivery. Factor extra £20 per month.
JohnOFarrell
4 May 16 #85
£4k to drive round in a van with steel wheels, with only typical vw van colours of white and red to choose from without forking out an extra £400. I'm all for lease deals but there are far better vehicles to lease out there... COLD
mikeycass
4 May 16 #86
Cracking little Van - for the self-employed
delicatejew
4 May 16 #87
​thats not normal. you should probably stop browsing this site then
MIDURIX
4 May 16 1 #88
The thought of having a car on finance causes you to shudder, but you have just had a car on finance. You a sadomasochist or something? I don't like opera, but I watch Don Carlos every night just for the discomfort........... and a little else :stuck_out_tongue:. People like you should be locked up.
118luke
4 May 16 #89
...wut???

No no no, re-read what i wrote. If it still doesnt make sense to you, let me help you:

If you have a car on a lease, you pay for it every month until the lease is up in 2 years. When the lease is up - you are left with no car. You can then take out another lease and pay for another 2 years (and the cycle repeats). So, you are paying monthly indefinitely.

If you buy a car on finance - you pay for it every month for 3/4 years. But then you have no more payments to make... because the car is yours! Meaning you arent forced to make any more monthly payments and be a happy bunny.

See? Perfectly clear if you use your brain :stuck_out_tongue:
118luke
4 May 16 #90
Ok Rambo, come down off your soapbox now - theres a good chap :stuck_out_tongue:
Right - from what you are saying, is that you only want people to comment on the positives of leasing - and damn anyone that posts otherwise!
Sorry, but potential buyers need to know the full ins and outs of leasing (you know - what a forum is actually for? A discussion?) You might want it painting that its better in every way, shape or form than buying, and blurring over any negatives. But that doesnt matter, right?
It amuses me, that if someone speaks negatively about leasing, they get condemned and told "they shouldn't comment on things they dont understand" Well, what makes your opinion any more valid than theirs?

Ahhh - you used the old chestnut, the phrase "If it appreciates, buy it. If it depreciates, lease it"
Tell me sir, do you lease everything that depreciates in value? Do you lease your TV, Washing machine, cooker, fridge, microwave, Laptop, Tablet etc? Very interested to hear the response - and the reasons why you don't lease these items.
solsurf
4 May 16 1 #91
I've just sold a freelander 2 that I bought at three years old and kept it for 4 years, it has cost me just under 10k in depreciation. 3k in unforseen bills 1k in services 500 in tyres 370 in mot and is 290 a year in road tax. I'm now leasing a Nissan x-trail for 6600 over 24 months one service is 159 and possible tyres will be 320.
Also it's half the price to insure 205 and does almost double the mpg.
having the money in a bank account means I can invest it in my business making it work harder.
Who cares who owns it, I drive it and on paper it makes more sense to me. Especially when I need a reliable vehicle that I can plan the costs for in advance.
I think it's been said before. a basic rule is: rent depreciating assets and buy appreciating assets
of course, there are always exceptions to the rule and leasing isn't for every one. but this forum is great to pointing out the better deals like this one, voted hot
smmcandrew
4 May 16 #92
Do you want to hire or buy? Simples!!! Everybody's needs/wants/desires & financial circumstances are different and that's why options such as paying outright/hire purchase/personal contract purchase/leasing & contract hire exist. If a VW Caddy is what you're after and you're not bothered about ownership then it's a good deal. Voted hot
MIDURIX
5 May 16 #93
So you meant to say hiring a car makes you shudder. I'm just giving my car it's first MOT and my god does it make me wish I could just hand it over. Absolute nightmare!
Cristiano
5 May 16 #94
That's a good price on an xtrail? Care to share? I'd prefer the Tekna model if I was being picky.

I'm after a family car for the wife to drive during the week and for family weekends. She turned up her nose at the VW caddy van, although I think it would be very practical even if it is not the most stylish of vehicles.
soldierboy001
5 May 16 1 #95
Still can't fathom out why people like you post on these deals in such a negative manner.
Well lets look at your " about 7 year old car " see you don't know how old it is. well first off you say you bought it second hand as an ex demonstrator. well there are not enough of these around to to satisfy the amount required for the general public so not everybody can do this and yes as you say loaded with extras as demonstrators are required to show what is available, many a story on forums that say " what are my rights? when I had a demo the car I drove had alloys but when my car was delivered it only had steel wheels ".
Next you say you financed it, well I can pretty much guarantee that the interest rate was higher than that on a lease/contract hire agreement. The next thing is the price and that is where the manufacturer comes in because a great majority of these deals are from the manufacturer and it is the agent that does the deal with you charging you an admin fee for his payment and maybe a small fee from the manufacturer depending on volume of sales he makes. With it being the manufacturer that is doing the deal then he can set what price he likes for the value of the deal as nobody else i.e. dealer has to make anything and judging by the prices being quoted on Spanish web sites manufacturers are posting deals that are up to 45% lower than recommended price. Not everybody has the time or the ability to negotiate a deal with a dealership so this as everybody is getting the same deal is good for them. Now with your car you seems to have been luckier than most according to my readings of motoring magazines agony columns and Honest John to which I subscribe were people have had bills for 4/5 years old cars that require replacement engines 4/5 thousand pounds, gear boxes, dual mass fly wheels and DPF replacement. So as you can see apart from some self inflicted damage that you can rectify yourself by getting the experts ( dent doctor etc. ) in yourself then you know the cost of corrective treatment not what the lease company will charge you, you are now free to go.
soldierboy001
5 May 16 #96
Down to a VW fix.
seadog
5 May 16 #97
WKB Nissan have just quoted me £1474.03 dep and 23 x £245.67 for 24month 10kpa lease Total £7124.44 for a Tekna

But 1.6 petrol and not available till September.
118luke
5 May 16 1 #98
*Sigh* Here we go... Another one that doesnt like it if someone says anything negative about leasing or when someone explains the pros of buying.

So Mr. Finnicky 'SoldierBoy' - My car is a 59 plate, manufactured September the 8th 2009 - making it 6 years, 7 months, 27 days old. Is that detailed enough now? I know exactly how old it is, i just thought an approximation would suffice - but i wasnt expecting you to come along being on your high and mighty..
You see i was smart enough to go for something filled with extras. Granted, i did get somewhat lucky - but you should be savvy when car shopping anyway. Anyone who pays full list price for a new car is a total mug and is definitely better suited to leasing.

And my finance cost me a grand total of £1200. (no, im not going to fetch the paperwork, you'll have to make do with another approximation im afraid). to say i didn't need to pay a deposit, that pretty much covered the initial payment needed on lease deals. I could (with a bit more forethaught) have got the finance for much less by partially paying on an interest free credit card, which ill probably do next time.

As for not having 'time for dealerships' you MAKE time. Its the second biggest purchase you're likely to make (after a house). And you should take somebody with you if your not confident with doing business with a dealership.

Now, reading further - be realistic, replacement engines and gearboxes on 4/5 year old cars?? I dont know of anyone that has needed a replacement engine/gearbox on a 4/5 year old car! 15/20 year old maybe, but modern engines are designed to exceed 10 years at a minimum. Plus if you are really concerned, you can buy warranties with companies like Warranty Direct that will cover the cost of these (still far less than the cost of a lease)

You cannot deny that leasing cars over a 10 year period will in the long run cost much more than buying and keeping one car for the same length of time. Financially, it makes far more sense to buy, but if the new "wow" factor is more important (and you have enough money to play with at the end of each month) then go for leasing.
Plus (re-using your argument about time) - people may not have time to take the car in to have dents repaired beforehand.

But my original point still stands - there are pros and cons to leasing, and people should be aware of both (not just given a false 'rosy' impression of only the Pros.)

Besides, you do not have to replace a car every three years - this isnt the 1980's - cars made today are more reliable than ever and truthfully, you'd have to be rather unlucky for your car to break down if it is maintained properly. The sad reality is, we have become a 'throwaway' world where just because a car is a few years old - it is deemed no good anymore, nobody wants it and its binned. Im seeing regularly 05/06 Reg cars now on the back of scrap transporters (most likely because of minor things like needing new tyres or because it "rattles")
Cristiano
5 May 16 #99
That's rather reasonable. I need to have a good look into them but I remember seeing much lower spec for More money. Thanks.
soldierboy001
5 May 16 #100
I think you need to go back and read what I wrote Where did I say anything about having time to visit dealerships? Come on tell me. And yes if you are not happy with buying a car take an EXPERT to help you out.
Yes now you admit that your finance cost you £1200 so lets add that into you equation, and as I stated the forums are awash with people that have had problems with new cars and failures of parts both major and minor. Just because in your circle of friends you have not heard anything does not mean it does not happen.
Nobody said you don't have to change your car every 2/3 years but it's nice if you can at a reasonable cost and also negate the loss of value at the same time.
Your first statement that it seems as if I am against leasing I'm not sure how you conjured up that fact as because if it was not for the fact of uncertainty of getting my next car at the correct time I might be fully in favour of Lease/PCP deals, but I never mentioned this fact so I think you are way out of order, and need a second reading.
solsurf
5 May 16 #101
​i went for visia (the basic) as it has almost everything I need cruise, air-conditioning, Bluetooth etc. I went for the diesel it was better to drive with manual and is currently on 53mpg I managed delivery in three weeks as I kept on at nissan UK for cancelled orders and got in red 11 a month cheaper and I liked the colour. I got it from central contracts. Cheers
118luke
6 May 16 #102
Did you, or did you not say...
Hence, my comment about MAKING time. "Not having time" is a poor excuse.

And as i said, that is pretty much cancelled out when you consider there was no upfront payment needed like there is in leases.

Yes new cars do go faulty (show me where i said they dont) - but something as extreme as an engine failure/gearbox as you quoted is extremely rare, and 9/10 times it is not due to the part itself being faulty, but either the user or mechanic doing something wrong. Example - someone i know had a 1 year old Nissan qashqai in for a service, the garage did not tighten the oil sump plug back up fully, and all the oil ended up coming out - seizing the engine. Was that the cars fault? Nope. Anyway - how have you managed to spin this onto new cars? You were taking about 4/5 year old cars having engine problems, but by all means: show me a link where there are pages of engine/gearbox issues at cars of 4/5 year old?

But leasing will still cost you more in the long run, no matter how you look at it. Yes you get a shiny new motor, but you are paying for it in the long run.


Now this really has got me confused. How do you come to that? Quotes/explanations needed please.
Nevermind me re-reading what you wrote - try re-reading what I wrote

Besides which anyway - its no skin off my nose what you do with your money.
If you think leasing is better value then go for it my friend. Ill stick to my ex-demo for the time being (which im paying absolutely nothing for now other than £110/year tax and £30/year Mot). Actually, being honest - i had 2 new tyres on a couple of months back costing £200 and new brake pads for £50. (So, call it 2 months lease money?)

Oh, and the money ive saved from NOT leasing these last 4 years actually paid for most of the deposit on the house i'm living in now.
soldierboy001
6 May 16 #103
See you are twisting words, I wrote " not everybody has the time or ability to NEGOTIATE a deal with a dealership, " which is different to what you are alleging I said, people on these sites are going to a dealership for test drives and then signing up for these deals . And I stand by my words that have been reported on, both in the press and on TV,
Watchdog etc. about faulty young cars.
Kikesin
6 May 16 1 #104
*eats popcorn*

love car leasing threads :laughing::laughing:
118luke
6 May 16 #105
Eh?? If you dont have the ability to negotiate than take someone with you who does! Hence what i wrote in the next sentence. Its common sense and part of the car buying process.
You really should read what i write properly. I dont need to twist any words - its in black and white above.

Im still waiting for evidence of engine/gearbox failures being commonplace in young cars btw... or did you dream that one up? Saying 'you saw it on tv once upon a time' isnt really evidence. And watchdog more often than not report on issues where there has been a mass manufacturing fault, and the cars are usually recalled shortly afterwords - so the consumer wouldnt have to pay anything anyway.
soldierboy001
6 May 16 #106
You are persistently wrong and I am not going to satisfy you by trolling through the internet just to satisfy you. I know I am right and so do others as these things have been written about often. If you choose to think differently just to try to make you feel correct then do so, it does not bother me.
118luke
6 May 16 #107
Persistently wrong? Oh well - you cant make a leopard change its spots i suppose. Hardly anything you have written has made sense, and contrary to what you think - dont need to "feel correct" at all. Likewise, (back to the original point) if you want to spend (waste) money on leasing then go ahead, its your money and wont affect me in the slightest.
solsurf
6 May 16 1 #108
​have a look up the page at my actual costs, for me leasing works, others it may not.
judge0145
7 Jun 16 #109
Expired.
matteava
7 Jun 16 #110
I will expire it then
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