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Source: HotUKDeals | Deals > Other
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Opening post
mr_wacky_unis
16 Jan 17
So not for everyone but has to be the cheapest I have seen this type of car for. 2 Year Contract Hire / Lease with 6k pa on a Volvo XC60 T5 245 SE Nav Auto with Leather for only £179.42 a month with £1614.82 and £180 upfront with Horizon Vehicle Leasing
Top comments
donslibi to KareemSaid
16 Jan 17 10 #6
May be they try to live by: if it appreciates buy it, if it depreciates rent it.
Fogg1969 to KareemSaid
18 Jan 17 6 #45
What's the matter with you? I've not been lookign at HUKD too closely but you turn up in every single contract hire motoring deal and make the same comments.

It's not for you, we get it. You'd rather pootle about in your Vauxhall Viva, bolt things back on as they fall off, and save yourself a few quid. That's your perogative, good for you.

Why the persistence? You're a bitter used car dealer with a forecourt full of old bangers, aren't you? Its the only plausible explanation.
bract1939
17 Jan 17 4 #23
Hadn't been aware of the benefits of personal leasing until deals were posted with associated comments. The thing that doesn't get mentioned much but which would be a major deciding factor for me is making good any 'unacceptable' damage, which under normal trade in circumstances wouldn't be an issue. A £1K smart repair bill to sort out a few unavoidable parking dings would soon increase your effective monthly costs.
When it comes down to it there is no truly 'cheap' way to own a sensible, modern family car. Just some deals that are better than others for those shopping around.
boostii
17 Jan 17 3 #21

There is no right or wrong, some cars are better to lease, some cars are better to buy, our personal circumstances might make one or another more preferable for us.

What I rather uneloquently called "horse muck" is unnecessary worrying about the cost of tyres, mot or repairs on a 2 year old vehicle when they don't matter. It is really a case of weighing up depreciation vs lease costs. In this example I think the depreciation costs are unfairly inflated because this car can easily be bought new for a lot less than the price state in the deal (nearer £27900, than the list £35000)

If you don't want anyone to pass reasoned opinion or comment on your stuff, don't post it on a public forum. In some ways if nobody ever said anything about anything on here, that would actually be the end of the site also, plenty of deals get hot because of the banter as well as the pounds and pence.
All comments (68)
GAVINLEWISHUKD
16 Jan 17 #1
mr_wacky_unis
16 Jan 17 #2
well someone has updated the total cost but it should be £5,921.44
z_dane
16 Jan 17 #3
Vote hot for the xc60 :laughing:
Pac0812
16 Jan 17 #4
Voted hot I have been looking for xc60 but need at least 10000 miles
KareemSaid
16 Jan 17 3 #5
I do 4K per annum and I try and avoid driving as much as possible.

Can't imagine people buying this would do less than 6K a year.

TBH I never really understand why people pay quite so much to hire a car when you can almost always buy and own a car for more or less the same price.

I now understand why there are so many new cars on the road. Used to think they were mainly reps but it's balanced out with people keeping up with the Jones's and just have to have a new (hired) car LOL
donslibi to KareemSaid
16 Jan 17 10 #6
May be they try to live by: if it appreciates buy it, if it depreciates rent it.
stave84 to KareemSaid
16 Jan 17 2 #13
Moderate depreciation on this vehicle. Once you take into account interest (or loss of investment earnings) to buy the vehicle, and then depreciation, it will cost a whole lot more than £6k over 2 years.
Even if you get it delivered for £30k, you'd have to sell it for £24.5k even break even on the lease (assuming lost interest at 2% on 30k - if you finance it, you'd have to sell for 26k to cover interest). Good luck. I believe 2yr value on this is nearer £18k.... and that's without a new model being released, which is it. At least £2500 per year better off leasing this.

The decision to lease is car specific. If cost to buy minus value at the end is more than cost to lease x term them you lease. If cheaper to buy & sell, you do that. A simple "Lease is bad" is just plain stupid.
youngrobbo to KareemSaid
17 Jan 17 #27
Used to feel the same until I started leasing, wouldn't go back to owning a car now. It really is hassle free motoring.
mcormack to KareemSaid
17 Jan 17 #29
Have you ever hired a mobile smartphone??
huddsguy to KareemSaid
18 Jan 17 #41
Because people like cars and can afford to do this doesn't make it wrong. 2 years no worries driving and having a great safe car to do it in! That's the reason mate
Fogg1969 to KareemSaid
18 Jan 17 6 #45
What's the matter with you? I've not been lookign at HUKD too closely but you turn up in every single contract hire motoring deal and make the same comments.

It's not for you, we get it. You'd rather pootle about in your Vauxhall Viva, bolt things back on as they fall off, and save yourself a few quid. That's your perogative, good for you.

Why the persistence? You're a bitter used car dealer with a forecourt full of old bangers, aren't you? Its the only plausible explanation.
MrShed
16 Jan 17 1 #7
Pricey compared to the other xc60 deals on here recently I'm afraid at this mileage.
alu355
16 Jan 17 1 #8
Reason people lease is for less hassle. On an older car you need to worry about MOTs, repairs, tyres etc.
When you add it all up there's not much between leasing a new car and getting an old one, in fact leasing a new one is often cheaper, especially if you value your time
cigbunt to alu355
16 Jan 17 #9
not to mention sell it when you want a new one..
boostii
16 Jan 17 #10
What horse muck, you will not need not need to pay for mot (no statutory requirement), repairs (covered by warranty), or tyres (they don't wear that quick) for at least the first 3 years and this is only a 2 year deal.
PlanetP to boostii
16 Jan 17 #12
...and how much do you think the car would have depreciated in its first two years? I think that is the important comparative that people who prefer to lease would be considering...
PERCY_LONG_PRONG
16 Jan 17 1 #11
18.36p for excess mileage!!!!!!
boostii
16 Jan 17 1 #14
​I have no proven statistics to quote but this is an old car, just about to be replaced with the bang up to date spanking new version any day now.

I bet you can get at least 20% off rrp with drive the deal, what car etc etc, Volvo will be struggling to sell them, if so depreciation doesn't look too bad.
PlanetP
16 Jan 17 #15
I refer you to comment #13
adrianjowitt
16 Jan 17 #16
Nice to see Volvo are back. I thought they had gone under
villan57 to adrianjowitt
17 Jan 17 #28
I believe they are still built on the old Ford Platform that was the under pinning of the 2007 Freelander . They are owned by the Chinese company Geely who also own the LTI Taxis .
It this was a computer deal the geeks would be on with the "old Tech " comments !
boostii
16 Jan 17 1 #17
​Really don't want to get in to swinging tally wackers at each other, but first price I have seen online for XC 60, T5, SE, 245 Leather is £27980 so the assumption in post #13 "even if you can get this for £30k" is not balanced in favour of looking at the purchasing option vs leasing. Others will know how badly they want this car and what they can buy it for, let them make up their own minds.
alu355
17 Jan 17 #18
Is that new? Could you post a link if it is please
boostii
17 Jan 17 1 #19
I have had problems with a direct link, here is a screen grab if that helps.......
http://i68.tinypic.com/2ir7meu.png
PlanetP
17 Jan 17 1 #20
No "tally whacker" swinging from me - and "let them make up their own minds" is exactly right; doesn't quite fit in with calling the op's posting "horse muck" (your original comment #10) though does it? I think we're reaching a stage now where many people won't bother posting deals because of the hassle that results - and then we will have no HUKD at all, which would be a great shame.
boostii
17 Jan 17 3 #21

There is no right or wrong, some cars are better to lease, some cars are better to buy, our personal circumstances might make one or another more preferable for us.

What I rather uneloquently called "horse muck" is unnecessary worrying about the cost of tyres, mot or repairs on a 2 year old vehicle when they don't matter. It is really a case of weighing up depreciation vs lease costs. In this example I think the depreciation costs are unfairly inflated because this car can easily be bought new for a lot less than the price state in the deal (nearer £27900, than the list £35000)

If you don't want anyone to pass reasoned opinion or comment on your stuff, don't post it on a public forum. In some ways if nobody ever said anything about anything on here, that would actually be the end of the site also, plenty of deals get hot because of the banter as well as the pounds and pence.
Wodja
17 Jan 17 #22
​27,900 thats cheap, we paid just under 40,000 for the D5 edition last year with just a couple of extras.
bract1939
17 Jan 17 4 #23
Hadn't been aware of the benefits of personal leasing until deals were posted with associated comments. The thing that doesn't get mentioned much but which would be a major deciding factor for me is making good any 'unacceptable' damage, which under normal trade in circumstances wouldn't be an issue. A £1K smart repair bill to sort out a few unavoidable parking dings would soon increase your effective monthly costs.
When it comes down to it there is no truly 'cheap' way to own a sensible, modern family car. Just some deals that are better than others for those shopping around.
monkeyhanger75 to bract1939
17 Jan 17 #25
Unavoidable parking dings? Whatever can you mean by that? I don't find parking dings unavoidable - you can minimise the risks by parking in a "Sheldon spot", making use of parking sensors, making sure your passengers take care when opening the doors, getting a front/back dashcam with parking monitoring to capture anyone damaging your car.

Stone chips and small scratches of a certain size are acceptable - just look after the car as if it were your own and you'll be fine.
skgwho to bract1939
17 Jan 17 #26
Agree with the above. Another thing to consider is the amount of money required to buy a car upfront (unless financing in which case include the financing cost). Most people don't have that or could put it somewhere to get a return of 3-4%...
PERCY_LONG_PRONG
17 Jan 17 #24
do they need to be serviced by main dealers? whats rover pricing like?
0lly
17 Jan 17 2 #30
As opposed to a fixed smartphone?
skgwho
17 Jan 17 #31
Need a diesel alternative...
bigpappa
17 Jan 17 #32
So what do you need for leasing? Wage slips, employers details, work history? Mortgage details etc.

I've never leased but it seems to be the craze at the moment.
Gozer to bigpappa
17 Jan 17 #34
For me, they just did a credit check on me after I gave them my name and address. Nothing else was needed.
usetheforceluke
17 Jan 17 #33
Volvo must be having a new model out as most of the car deals here are volvo's
Gozer to usetheforceluke
17 Jan 17 #35
This one is due to be replaced mid this year or early next year, depending on who you believe.
autoexpress/volvo
www.car-release-dates

I would've thought it'll be late this year at the earliest.
mcormack
17 Jan 17 #36
I see the logic is lost on you.
bract1939
17 Jan 17 #37
​i understand the definition of parking ding as being caused by a careless person while I am.not around. Avoiding them is luck. if the above precautions have worked for you that is good but you have still been lucky.
apmirkin
17 Jan 17 #38
nahh.. it's expensive for a car you're not going to keep.
alu355 to apmirkin
17 Jan 17 #39
Would you pay it if it was a Ferrari?
alu355
17 Jan 17 1 #40
Regarding the £27,900 new price from Drive the Deal, firstly that doesn't include metallic paint but more importantly

'The quoted prices include a £2,500 discount which is conditional upon you taking out finance arranged by the dealer. If you do not wish to take out any finance then you will need to add £2,500 to the prices that we quote'
rlearmouth
18 Jan 17 #42
I always have a chuckle at people who dismiss lease cars. I'm a cost accountant as part of my job so I know how to set out all the financials to establish a true lease v ownership comparison. I consistently find if you shop around for the right deal that leasing is a viable solution. As a rule of thumb it's very slightly more expensive than owning a 12 month old nearly new car but a) it's an opportunity to own a new car b) if you are really unlucky with 1 off repair bills it could be cheaper. I do nearly 30,000 miles a year so I can go through a nearly new car every 3-4 years. I'm sick of the hassle of owning my own car so I've just taken a lease deal. The small amount of extra cost is insurance. My last car snapped a cam belt and blew a turbo - £4,000.
snowsgreen
18 Jan 17 #43
Totally agree with this. I leased a Passat when the new one came out. £6k for two years. Cash price for car was £24k. It was worth £12k when I handed it back. Plus I didn't pay for a set of tires or a service needed in that 24 months. That alone was something like £500. The 'lease is bad' does apply if you just want an a-b car. I have a Skoda Fabia now. £750 to buy. Does 65mpg. Insurance and tax is £350 a year. Tyres £40 each. In three years its cost me at most £1,500, factoring in servicing (do it myself... all the stuff needed is £39 from main dealer,) in addition to the purchase price (works out at £250 per year.) So all in all, it's cost me £48 a month, and I will be able to sell it for £500, so effectively it's £35 a month. But it's an old Fabia. Doesn't look good. Isn't cool. But works for me.
dazzl3r324
18 Jan 17 #44
​Hire a mobile smartphone? You mean get a contract and keep the phone afterwards?
Cristiano
18 Jan 17 #46
Cracking deal. Lovely looking cars these. I would like to see the spec of the car but there are not many Volvo garages about. And I'd like a drive. The cabin looks like a real nice place to be.

Looking for a lease deal for around £200 a month - quite flexible on the car, as long as it's not a 2 seater. Need to get the little ones car seat in. Anyone seen anything else decent?
Tyler Durden
18 Jan 17 #47
I asked for a quote on 10k allowance and got £206.27 per month. Not bad. I then asked whether any other engines were similarly priced, and was told only the T5 was "miss priced". Strange.
saved1 to Tyler Durden
19 Jan 17 #48
Was also told that it was mis-priced and that the deal ends today. Not sure if that was just pressure to sign up or if true.
thesampeople
19 Jan 17 #49
Had anyone bought this? What's your estimated delivary?
saved1
20 Jan 17 #50
Offer Expired yesterday.
PERCY_LONG_PRONG
20 Jan 17 #51
ive ordered one. Still no delivery date though despite asking twice. Their correspondence is shocking to be honest, rarely answer emails and dont return calls
mr_wacky_unis to PERCY_LONG_PRONG
20 Jan 17 #52
perhaps they haven't got the date from the volvo dealer yet. When I bought a audi a3 it took a weeks to get the delivery date.
thesampeople
21 Jan 17 #53
I ordered mine direct through Volvo, placed yesterday, anticipated delivary date was 30/5 he didn't think it would take this long, I wasn't in a rush anyway.
PERCY_LONG_PRONG to thesampeople
21 Jan 17 1 #54
your gonna get hammered with the £500 road tax in the first year then. if mine aint registered before 1st April im cancelling it!!!!
mr_wacky_unis
22 Jan 17 #55
You think a ​£500 increase in road tax from the 1st April! if you look at the government website as not that at all.

Surely you would only have to pay the difference as well.

To me even if you had to pay the difference in road tax (must be £5- £10 a month) would that really make it a bad deal????
PhoenixRising
22 Jan 17 #56
Road tax is included in leases so the increase would not affect you.

Anyway, I haggled with my local Volvo dealer and managed to get a 6+23 deal @ £198 p/m and £1188 upfront. The quoted delivery date is 31/03 but I hope it's a bit later than that as I'm waiting for a previous lease to finish.
PERCY_LONG_PRONG
23 Jan 17 #57
Does anyone know the service intervals? ive taken this on a 2 year lease at 8000 miles per year. Im not sure what services I will need to have done during that time. im just looking to see if I can sign up to a service plan to cover me.
PERCY_LONG_PRONG
23 Jan 17 #58
​if you read the t&c's it tells you road tax is included at £185/ year. the customer is responsible for changes.
PERCY_LONG_PRONG
23 Jan 17 #59
​not a massive difference but not willing to shell out if registered a day later than the cut off. its the principle
PhoenixRising
23 Jan 17 #60
Interesting, there's no mention of this in anything I've been given regarding my lease. Everything I have seen has said that road tax is included without any mention of having to pay any difference.
thesampeople
23 Jan 17 #61
Actually did get called by the Volvo dealer saying that has effected my lease quote by £10 still a good deal anyway I had already paid my deposit via them tho
PhoenixRising
24 Jan 17 1 #62
That's a bit rubbish! I hope the same doesn't happen to me. I've also paid a deposit and my quoted delivery date is 31/03.
thesampeople
24 Jan 17 2 #63
I'm still waiting to hear my delivary date, how long did it take them to give you an order number to track via my Volvo?
apmirkin
7 Feb 17 #64
No, i would not.
I only like old Hondas and the occasional Toyota.
Bangernomics is the way forward
PhoenixRising
7 Mar 17 #65
The order number was on the order form I signed. I'm not sure how to use this to track via Volvo though. I've signed up to My Volvo and can't find anywhere to track my order progress.
WrathOfKain
10 Mar 17 #66
I take it this deal has come and gone ?
alu355 to WrathOfKain
12 Mar 17 #67
Yeah, Volvo wildly underestimated how many they would sell and now can't fulfill orders until mid June
WrathOfKain
12 Mar 17 #68
Do you reckon they will do the offer again around then ?
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Lego Friends Calender
3 stars +168

Lego Friends Calender

£15.98
£3.99 P&P + options Amazon UK10 Oct 17
Source: HotUKDeals | Deals > Kids
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Double LEGO VIP Points
3 stars +179

Double LEGO VIP Points

Lego10 Oct 17
Source: HotUKDeals | Deals > Kids
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Graco Fast Action Fold Travel System in Bowtie Bear @ Tesco Direct (more in OP)
3 stars +106

Graco Fast Action Fold Travel System in Bowtie Bear @ Tesco Direct (more in OP)

£98 £200 Tesco Direct10 Oct 17
Source: HotUKDeals | Deals > Kids
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Gears Of War 4 Steelbook Edition (Xbox One) (Open Box)
3 stars +129

Gears Of War 4 Steelbook Edition (Xbox One) (Open Box)

£12.99 Studentcomputers.co.uk10 Oct 17
Source: HotUKDeals | Deals > Entertainment
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The Body Shop Sale Now On Plus 50% Code when you spend
3.5 stars +288

The Body Shop Sale Now On Plus 50% Code when you spend

£40
Free P&P 10 Oct 17
Source: HotUKDeals | Deals > Fashion
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