For God's sake why do we get these comments on every leasing thread, why do you people never learn? Never understand, the human race is doomed I tell you and it's because people just do not understand leasing and even when you explain it, they still go yeah but I can buy a two year old car...meh meh meh. You don't understand you probably never will just drop it and do something else!
fishmaster to lookatmywadd
5 Apr 1712#17
If the repair is your fault, you need insurance, everyone needs insurance. If the repair isn't your fault the leasing company will get it repaired
What do you think leasing means? You don't own the car, you never will own the car, end of story! You don't own the car get it now?
I'll try and be helpful as well, so here goes, leasing works if you want to drive a new car, it's probably the best way to drive a new car, if you don't want to drive a new car, then don't lease one, simple! You must take out additional GAP insurance use http://www.ala.co.uk, otherwise if you have an accident you'll lose the upfront fee and you'll owe thousands to replace the car if it's written off. The first rule of leasing is get GAP insurance.
Lastly on a leasing thread NEVER NEVER NEVER NEVER NEVER (have you got this?) ask these questions >
Do I own the car when the lease end? NO NO NO NEVER ASK THIS!
I can buy a used car so what's so good about leasing? OH NOW YOU'VE ACTIVATED HULK MODE, NEVER ASK THIS NEVER DO IT! NEVER BE THIS STUPID, IF YOU ARE GET A BETTER DOCTOR AND GET IT SORTED, MAYBE TAKE A LOT OF FISH OIL OR SOMETHING, DON'T ASK THIS DAMN QUESTION!
There you go that's my guide to leasing, if you're stupid and you know it don't comment on a lease thread, if you're stupid and comment on a lease thread then I and many others will inform you of your stupidity, have a nice day and when the red bloke is lit up don't cross the road!
ollie87
5 Apr 178#20
Ignore fishmaster, he's always grumpy and rude to other users generally.
Obviously leases make sense if the costs of buying that car are less than leasing it, not sure why in this case the shorter lease costs less. This could be down to Motordepot being a big second hand dealer too, they want decent cars they can sell to people two/three/four years down the line, from a retailer standpoint it gives them two bites of the apple, three if they PCP the car to a new buyer in a few years and they decide to hand it back.
If we take 10,000 miles as your yearly mileage, rather than 8,000 (as you have to pay for that data).
After two years and 20,000 miles this car will be worth £12,425, that's a drop of £11,575. A lease for the same terms is £5,362. That's over a 50% saving over buying this car. Scorchio from me.
Rickardo
5 Apr 173#33
Is this significant to the thread? I think you are deviating from the standard, in all probability and inferring some bias, with your comment.
All comments (71)
Holdsworth
5 Apr 17#1
Seems a good price, but as someone new to leasing, why would a longer contract cost more? It seems more logical for the company to want you to keep it longer, not penalise you for it - or am I missing something?
mittromney to Holdsworth
5 Apr 17#3
Generally that is the case. Longer term = cheaper monthly.
iambigred to Holdsworth
5 Apr 171#15
Longer term = more depreciation for the leasing company = increased cost
wong_go_wild to Holdsworth
5 Apr 17#34
depreciation, residual value. it seems 2 years is the magic number. probably got something to do with typical 3 year warranty.
panrix
5 Apr 171#2
When the car is handed back, it is easier to sell on if it is younger, with warranty and with less miles.
panrix
5 Apr 17#4
I've seen a lot of deals recently where 2 years has the cheapest monthly figure.
foxtrotoscar
5 Apr 17#5
That's given me something to think about.
NorwoodDeals
5 Apr 17#6
Good deal.
lookatmywadd
5 Apr 17#7
I'm new to this leasing business. Are repairs covered under warranty provided you stay within the mileage?
Are you essentially renting the car for the period? It seems like a good deal if that is the case.
BTW, that company is based around the North and Birmingham. Anything closer to the SE?
fishmaster to lookatmywadd
5 Apr 1712#17
If the repair is your fault, you need insurance, everyone needs insurance. If the repair isn't your fault the leasing company will get it repaired
What do you think leasing means? You don't own the car, you never will own the car, end of story! You don't own the car get it now?
I'll try and be helpful as well, so here goes, leasing works if you want to drive a new car, it's probably the best way to drive a new car, if you don't want to drive a new car, then don't lease one, simple! You must take out additional GAP insurance use http://www.ala.co.uk, otherwise if you have an accident you'll lose the upfront fee and you'll owe thousands to replace the car if it's written off. The first rule of leasing is get GAP insurance.
Lastly on a leasing thread NEVER NEVER NEVER NEVER NEVER (have you got this?) ask these questions >
Do I own the car when the lease end? NO NO NO NEVER ASK THIS!
I can buy a used car so what's so good about leasing? OH NOW YOU'VE ACTIVATED HULK MODE, NEVER ASK THIS NEVER DO IT! NEVER BE THIS STUPID, IF YOU ARE GET A BETTER DOCTOR AND GET IT SORTED, MAYBE TAKE A LOT OF FISH OIL OR SOMETHING, DON'T ASK THIS DAMN QUESTION!
There you go that's my guide to leasing, if you're stupid and you know it don't comment on a lease thread, if you're stupid and comment on a lease thread then I and many others will inform you of your stupidity, have a nice day and when the red bloke is lit up don't cross the road!
iambigred to lookatmywadd
5 Apr 171#19
Location doesn't usually matter, although this deal seems to not include delivery. Most leasing companies include mainland UK delivery. I had a vehicle delivered from Southampton up to Newcastle free of charge.
lookatmywadd
5 Apr 17#8
Maybe not! You end up paying nearly 5K with nothing to show for it at the end. If you spent 5K on a car it should last you more than 2 years and you could sell it on after.
panrix
5 Apr 171#9
If that car cost £25K, do you think it would be with £20K after 2 years? No chance!
panrix
5 Apr 17#10
Leasing is not for people who intend keeping a car for a long time, obviously.
CrazyBob
5 Apr 171#11
If you only spend £5k on a car, it won't be in the same condition as a brand new one.
Depends what you want of course but a good leasing deal is a great way to drive a new car.
Just compare depreciation from new to the total cost of the lease over the specified term
fishmaster
5 Apr 1718#12
For God's sake why do we get these comments on every leasing thread, why do you people never learn? Never understand, the human race is doomed I tell you and it's because people just do not understand leasing and even when you explain it, they still go yeah but I can buy a two year old car...meh meh meh. You don't understand you probably never will just drop it and do something else!
Holdsworth
5 Apr 172#13
err I have an MSc in statistics - does that count? And as other more helpful comments have pointed out, the norm is the longer the lease, the less the monthly amount. Dude.
ollie87
5 Apr 17#14
Scorching, not something I could see myself driving personally but a really amazing deal.
Zuulan to ollie87
5 Apr 17#27
This is a poor man's Lexus?
henlowstu
5 Apr 172#16
we definitely need more of that natural selection stuff
fishmaster
5 Apr 171#18
Statistically it may count, what is your sample size?
ollie87
5 Apr 178#20
Ignore fishmaster, he's always grumpy and rude to other users generally.
Obviously leases make sense if the costs of buying that car are less than leasing it, not sure why in this case the shorter lease costs less. This could be down to Motordepot being a big second hand dealer too, they want decent cars they can sell to people two/three/four years down the line, from a retailer standpoint it gives them two bites of the apple, three if they PCP the car to a new buyer in a few years and they decide to hand it back.
If we take 10,000 miles as your yearly mileage, rather than 8,000 (as you have to pay for that data).
After two years and 20,000 miles this car will be worth £12,425, that's a drop of £11,575. A lease for the same terms is £5,362. That's over a 50% saving over buying this car. Scorchio from me.
CampGareth
5 Apr 17#21
If you want an electric car leasing's the sensible way to go at the moment, at least until they're more commonplace and development levels off. Case in point if I had a 2014 Leaf just coming off a lease I'd be itching to get the 2016 model with a 25% bigger battery. Can't retrofit the 2014 model with the bigger battery so as an owner I'd be unhappy.
TechPimp
5 Apr 171#22
I'd only ever lease high end cars, you shouldn't be leasing if you're making average earnings..£5k is a lot of money better spent on investments..
fishmaster
5 Apr 171#23
Always is a generalisation that I'm not aware of me partaking in.
fishmaster
5 Apr 171#24
It's CampGareth! The chap with the decent computer hardware, how are you! See this is me being happy and nice because CampGareth is a decent person, not stupid and a generally good fellow :smiley: So stick that in your pipe and smoke it Ollie87 because it tastes of Hermes 24 Faubourg and you'll enjoy it.
So back to business, I thought of leasing a BMW i3 (yes I know they're ugly weird cars, get over it), but as usual with the UK, the charging infrastructure is still broken for electric cars, you now have to pay for charging, the charging points sometimes don't work, and are the wrong type, there's problems and there's range anxiety. How do you find using an electric car, if you're in a decent sized conurbation such as London or similar then I imagine it's not too bad, although many people have to park their car on a street and charging it up is almost impossible. I thought of too many issues for electric cars to be viable at the moment. I'm sort of glad diesel is getting a kick up the ass, the last diesel cars I ran were Citroen's (everything falls off, the suspension is amazing and the engines are the only thing left working), I plan on getting some more Citroen's but too many people are buying classic cars and investing in them now so the prices have skyrocketed.
Waldolf
5 Apr 171#25
I like your thinking and want to subscribe to your newsletter.
scottishpunter
5 Apr 17#26
I think a large proportion of the country smoke costing over £200 a month and have nothing positive to show for it at the end of the month - me I prefer to drive a new car, but everyone is different and has different priorities.
ollie87
5 Apr 171#28
Middle class Nissan.
DaveIB
5 Apr 17#29
Will get cheaper soon with all the bad press about diesels.
tarr
5 Apr 171#30
Well said
TLP
5 Apr 173#31
Maybe it's different people asking. Just because an explanation has been posted somewhere before (on here, the forum, the internet somewhere) doesn't mean everyone ever has read and understood it.
neostar4096
5 Apr 17#32
shorter term is normally cheaper as there is more residual value still left in the car when it is handed back
Rickardo
5 Apr 173#33
Is this significant to the thread? I think you are deviating from the standard, in all probability and inferring some bias, with your comment.
shatteredneon
5 Apr 17#35
It doesn't look like maintenance is included. Would I need to pay for regular services as a condition of the lease? I'm looking at the 25k miles per yr over 3 years, what happens when the manufacturer gauarntee runs out (usually at 60k miles)
fishmaster to shatteredneon
5 Apr 171#36
Simple if you have a phone and most people do, call the lease company and ask them, no need to be afraid, they're a business and want your money as much as any other business.
scottishpunter to shatteredneon
5 Apr 17#37
Maintenance is an added extra, terms of warranty and lease will be that the vehicle requires to be serviced (usually dealer) as per the logbook. If you lease for longer/drive further than the warranty then you will be liable for all repairs, MOT etc.
lookatmywadd
5 Apr 17#38
So you're one of those people who has to be seen to be driving a nice car so you can feel better about yourself? And you're telling me I'm hopeless?
scoopsuk
5 Apr 17#39
You can talk about standard deviations as much as you like but we all know statistics = manipulation of facts using numbers, so no, it doesn't count as mathematics :smile:
Monkeybumcheeks
5 Apr 17#40
What's the excess mileage charge on this please ?
Adao to Monkeybumcheeks
5 Apr 171#48
It's 7.56p for the first 5k over 8k
10.08p there after
aljack
5 Apr 17#41
Here we go...... Lol. Some people just want the peace of mind of a new car under warranty so that they can budget every month, no nasty surprises. In this case leasing is more cost efficient because you will lose a lot more in depreciation over in your bought new.
Monkeybumcheeks
5 Apr 171#42
I'd call the company but statistically, most of the leading leasing companies are closed now.:smile:
aljack
5 Apr 17#43
No pun yeah? Count.... Statistics?? OK I'll get my coat lol.
Besford
5 Apr 17#44
And you call yourself what exactly? Oh the irony! :neutral_face:
demansquith
5 Apr 17#45
I have just ordered the previous q30 which was on this site. it's the basic model so not DAB , Sat Nav etc. this is not a bad deal and im tempted to cancel my recent lease.thanks op lol
Besford
5 Apr 171#46
OK, 45 posts down and barely a comment on the car. It's an overpriced Nissan, also known as a very overpriced Renault, uses Merc A Class parts. Like every Infiniti it's ugly (my opinion) and a very poor car (opinion of most reviews - check them out).
Yes it doesn't have amazing reviews and the RRP is probably over priced.
However imo, I think it's a good deal. We've had the standard SE models on this site reach 1000+ heat for roughly £500 cheaper. (Taking ino account delivery, otherwise only £250 cheaper for the additional business pack!)
As the OP and having read through most of the posts on the Q30 on this site, I've actually ordered one myself :smiley:
glasgowgirl
6 Apr 171#49
I am a leasing fan, I also think these cars look good (I like the curves and raised height) and the business pack is a good spec. Heat from me
Besford
6 Apr 17#51
So, you acknowledge that it's not very good yet you've splashed your own cash on one - weird! :confused:
Adao
6 Apr 17#52
My post states that "it doesnt have amazing reviews"
however the value and cost involved in this leasing I believe to be worth it (as stated in the "i think its a good deal".)
Besford
6 Apr 17#53
So, it's only worth it if you don't care about the car? In that case I'm sure you can find a much cheaper car (which may actually be better to drive too). Everyone to their own but suggesting a poor (and ugly) car is not my idea of a good deal.
Adao
6 Apr 171#54
It is all subjective. Peronally, I quite like the design of the car.
I dont think its a particularly poor car (the reviews you posted seem to rate it average or better).
Not really sure how i've mentioned that its only worth it if you dont care about the car?
I'd expect people to do their own research on whether the car is suitable for them. I've test drove a Q30, done my research and with a lease price like this, feel its a suitable offer for myself ever since I've seen the other Infiniti Q30 offers on HUKD :smiley:
Theres always going to be better cars available, but at a lease price of under £5k? unlikely
Besford
6 Apr 17#55
So, what did you consider to be its competitors and how much more expensive were they?
Adao
6 Apr 17#56
Since you're so worried you should have a look. Or even read the links you posted :smiley:
Besford
6 Apr 17#57
So you didn't check that this is actually cheaper than similar but better cars? I'm not buying but, apparently, you are.
Adao
6 Apr 17#58
I've checked and wouldn't have ordered if I wasn't happy with the deal but thanks for your concern :smiley:
Besford
6 Apr 17#59
So, for everyone's education, which other cars did you compare it to and decide it was a better deal?
Adao
7 Apr 171#60
I'm really unsure why you seem incapable of reading your own posts regarding the reviews you posted up?
In those I believe it states rival cars to be things like an Audi A3 or BMW 1 Series and also VW Golf. None of which can be obtained for under £5000 over a 2 year lease...
I was personally looking at this or a VW Golf (GT model and also the GTI offer I posted up) which wouldve taken my costs closer to £6000, so chose to go forward with the cheaper option in this scenario.
If it helps, I also compared it the prices of the Infiniti Q30 that have been posted up previously on HUKD (also already mentioned). If you need help with that, theres a search function on the site that can assist you :smiley:
Besford
7 Apr 17#61
Thanks.
Hibbers1
7 Apr 171#62
Love Fishmasters comments, about time someone just told it the way it is. My example of my own personal lease deal is as follows and shows exactly how it should be looked @ & set up;-
1) You need to arrange Motor Insurance it is not included.
2) You will need 'personal lease' GAP Insurance (be careful here as there are several styles of GAP cover) unless you can get a muppet from an Insurance Co. to PUT IN WRITING that the Policy would provide a new vehicle if written off or stolen and is less than 12 months old, even then you need to factor in GAP cover after this 12 month period so may as well do it in the first place. I am insured with DL and their wording is specific i.e. YOU must be the first registered keeper. With personal leasing the owner & keeper are noted as the leasing firm (who are probably the makers in most cases) and not YOU, you will not get any ownership documents - Also If you do not make the ownership and registered keeper clear to your Insurer you could give them wriggle room in the event of a claim and why would you want that kind of grief?.
3) Breakdown Cover - This is normally included but check - It is a handy saving if included and does what you need it to do - Note they rarely if ever include overseas cover i.e. holiday trips to Europe .
4) Vehicle Tax - Is included for the duration of the lease period, this is also a handy saving in view of the new charges effective 01/04/2017.
5) Mileage - Choose carefully, go over the chosen/specified number and an excess charge per mile will apply however to be obtuse sometimes this can work in your favour! - Some deals limit the amount of extras miles you can do - check the T&C's carefully.
6) Maintenance is rarely included on a personal lease quotation but is normally available as an optional extra - Do the maths based on your mileage/servicing costs/tyre requirements etc. If you opt not to take Maintenance Cover factor in the cost of each Annual Service as these are always more than you think for a new car as you have to use a main dealer & not the garage next door! - My previous Citroen cost the best part of £200 for its annual service. Also note that with a new vehicle you are likely to get several recalls throughout the year for software upgrades/crap build bit replacements - They are free but can be a pain timewise if you get several throughout the year! - I personally choose not to take maintenance as the costs are always factored in on the high side by the lease firms for obvious reasons and take the view that if I owned the vehicle I would have to have it serviced anyway and the warranty rules for a new vehicle state you must use an approved dealer.
7) At the end of the lease period the vehicle is returned, you do not own it. Some will ask if you wish to buy. Don’t, would be my advice, as the offer is always higher than you can go buy a similar vehicle of a similar age & mileage elsewhere. Upon return there will be a whole host of things to go through i.e. scratches, dents, scraped alloys etc. You will be charged to rectify these – GET A LIST OF THE RETURN RULES before you ever Lease so you know where you stand and can factor in cleaning/repairing etc. prior to the return of the vehicle. Do buy door handle protectors they are cheap to purchase and save key scratches – we all do it no matter how careful we think we will be!
After all of the above why lease? It’s a matter of personal reasons end of! – I do it because I like the increased safety, fuel efficiency, don’t want the depreciation but like most (I say that carefully!) like a new car every so often and don't want to bomb £20K.
My current deal would have cost me £5K+ more in depreciation over an 18 month period if I had bought new @ that’s just on a crappy Citroen C4 Cactus – yep £5K+ more. RRP £18K to buy new, now available 2nd hand to buy @ £8.5K, to lease has cost me £3100 plus servicing & GAP.
New deal arriving shortly is Hyundai Ioniq (base model) over 18 months.
Deposit £1015.20 then 17 payments @ £112.80 – Total £2932.80 which Includes road Tax worth £195 - got lucky as they have honoured their quote re this element - effectively brings lease cost down to £2738!. Includes UK Breakdown Cover (? value). GAP Cover Inc. Deposit Cover is approx. £135 for 2 years (can extend to include scratches, alloys etc. but gets expensive!). – Seems pretty good to me for a brand new car worth £20/21K.
Monkeybumcheeks to Hibbers1
7 Apr 17#65
Nice post....where did you get the Hyundai deal from ? :smiley:
demansquith to Hibbers1
15 Apr 17#69
Thanks for the info,very useful indeed....i will be taking the q30 in a few weeks and it good to hear your advise. i will take out the gap insurance and also make sure my insurance know the car is a lease. the knocks scratches and dents have played on my mind a little as its my first time, but i liked the car and even after the reviews from wanna be jezzas and real jezzas ,i think the car is ok and the lease deal was a fair one. i feel a little better after reading your guidance, so thanks again for writing this, it is appreciated by the serious leasers who are taking the plunge. hope you have a good Easter!
neilmc1983
7 Apr 17#63
Just spoke to someone on Motordepot's live chat and he said all the Q30's have now gone, none avalible
dr_mj_99
7 Apr 17#64
Need some advice guys:
So I've just been offered the above car on a PCP for 3 years.
Is it better to get a PCP or lease? As I will want a new car every 2/3 years.
Is there anything negative with PCP?
Thanks
united4eva to dr_mj_99
8 Apr 17#66
IMO go with whichever is cheaper? with PCP there is the optional final payment at end to own the car, which is the guaranteed value. you could end up work positive equity if the actual value of the car is higher afaik... someone more knowledgeable on the subject here will no doubt set me straight :smiley:
united4eva
8 Apr 171#67
also fwiw I'd take this car if i didn't already have one. i tend not to take car reviews from journos as gospel. the review and the reality are often quite far apart. I'm sure this is a perfectly good car with above average quality.
motordepot
10 Apr 17#68
Hello, we're sorry to say we have sold out of our current stock of Infiniti Q30 lease deals. We are working on securing some more though so please keep an eye out.
Thank you for all your comments and helping to make this deal hot!
Hibbers1
18 Apr 17#70
Good luck with it all hope the lease experience works out for you, this deal is a good one imho for the vehicles spec etc. Compliments of Bertzz99 couple of additional bits to add to the picture which may be handy;-
On going to Europe you should be getting the formal document from the owner to do so (VE103) - now if you don't you may well get past with no issue however if customs pick up you are not the owner and query it you could have the car impounded whilst clarity sought. The form is usually only a formality on a yearly basis but then requires an admin fee.
A link to bvrla fair wear tear guide that give details on what the industry standard is:http://issuu.com/bfwsn67/docs/bvrla_fair_wear_and_tear_standard_-_1bb2e1448fea57?e=2001091/14761001'
bhaisab
25 Jul 17#71
did anyone get the car... any reviews?
also how much is excess mileage and is there a limit for excess miles?
Opening post
Been watching the price for this vehicle for some time now as there has been plenty of deals recently!
Seems a great price for the business pack version
24 monthly payments: £189
Deposit: £250
Free collection, otherwise £150 delivery!
Top comments
What do you think leasing means? You don't own the car, you never will own the car, end of story! You don't own the car get it now?
I'll try and be helpful as well, so here goes, leasing works if you want to drive a new car, it's probably the best way to drive a new car, if you don't want to drive a new car, then don't lease one, simple! You must take out additional GAP insurance use http://www.ala.co.uk, otherwise if you have an accident you'll lose the upfront fee and you'll owe thousands to replace the car if it's written off. The first rule of leasing is get GAP insurance.
Lastly on a leasing thread NEVER NEVER NEVER NEVER NEVER (have you got this?) ask these questions >
Do I own the car when the lease end? NO NO NO NEVER ASK THIS!
I can buy a used car so what's so good about leasing? OH NOW YOU'VE ACTIVATED HULK MODE, NEVER ASK THIS NEVER DO IT! NEVER BE THIS STUPID, IF YOU ARE GET A BETTER DOCTOR AND GET IT SORTED, MAYBE TAKE A LOT OF FISH OIL OR SOMETHING, DON'T ASK THIS DAMN QUESTION!
There you go that's my guide to leasing, if you're stupid and you know it don't comment on a lease thread, if you're stupid and comment on a lease thread then I and many others will inform you of your stupidity, have a nice day and when the red bloke is lit up don't cross the road!
Obviously leases make sense if the costs of buying that car are less than leasing it, not sure why in this case the shorter lease costs less. This could be down to Motordepot being a big second hand dealer too, they want decent cars they can sell to people two/three/four years down the line, from a retailer standpoint it gives them two bites of the apple, three if they PCP the car to a new buyer in a few years and they decide to hand it back.
All my data is from Parkers Guide.
If we take 10,000 miles as your yearly mileage, rather than 8,000 (as you have to pay for that data).
After two years and 20,000 miles this car will be worth £12,425, that's a drop of £11,575. A lease for the same terms is £5,362. That's over a 50% saving over buying this car. Scorchio from me.
All comments (71)
Are you essentially renting the car for the period? It seems like a good deal if that is the case.
BTW, that company is based around the North and Birmingham. Anything closer to the SE?
What do you think leasing means? You don't own the car, you never will own the car, end of story! You don't own the car get it now?
I'll try and be helpful as well, so here goes, leasing works if you want to drive a new car, it's probably the best way to drive a new car, if you don't want to drive a new car, then don't lease one, simple! You must take out additional GAP insurance use http://www.ala.co.uk, otherwise if you have an accident you'll lose the upfront fee and you'll owe thousands to replace the car if it's written off. The first rule of leasing is get GAP insurance.
Lastly on a leasing thread NEVER NEVER NEVER NEVER NEVER (have you got this?) ask these questions >
Do I own the car when the lease end? NO NO NO NEVER ASK THIS!
I can buy a used car so what's so good about leasing? OH NOW YOU'VE ACTIVATED HULK MODE, NEVER ASK THIS NEVER DO IT! NEVER BE THIS STUPID, IF YOU ARE GET A BETTER DOCTOR AND GET IT SORTED, MAYBE TAKE A LOT OF FISH OIL OR SOMETHING, DON'T ASK THIS DAMN QUESTION!
There you go that's my guide to leasing, if you're stupid and you know it don't comment on a lease thread, if you're stupid and comment on a lease thread then I and many others will inform you of your stupidity, have a nice day and when the red bloke is lit up don't cross the road!
Depends what you want of course but a good leasing deal is a great way to drive a new car.
Just compare depreciation from new to the total cost of the lease over the specified term
Obviously leases make sense if the costs of buying that car are less than leasing it, not sure why in this case the shorter lease costs less. This could be down to Motordepot being a big second hand dealer too, they want decent cars they can sell to people two/three/four years down the line, from a retailer standpoint it gives them two bites of the apple, three if they PCP the car to a new buyer in a few years and they decide to hand it back.
All my data is from Parkers Guide.
If we take 10,000 miles as your yearly mileage, rather than 8,000 (as you have to pay for that data).
After two years and 20,000 miles this car will be worth £12,425, that's a drop of £11,575. A lease for the same terms is £5,362. That's over a 50% saving over buying this car. Scorchio from me.
So back to business, I thought of leasing a BMW i3 (yes I know they're ugly weird cars, get over it), but as usual with the UK, the charging infrastructure is still broken for electric cars, you now have to pay for charging, the charging points sometimes don't work, and are the wrong type, there's problems and there's range anxiety. How do you find using an electric car, if you're in a decent sized conurbation such as London or similar then I imagine it's not too bad, although many people have to park their car on a street and charging it up is almost impossible. I thought of too many issues for electric cars to be viable at the moment. I'm sort of glad diesel is getting a kick up the ass, the last diesel cars I ran were Citroen's (everything falls off, the suspension is amazing and the engines are the only thing left working), I plan on getting some more Citroen's but too many people are buying classic cars and investing in them now so the prices have skyrocketed.
10.08p there after
http://www.autoexpress.co.uk/infiniti/q30
http://www.whatcar.com/infiniti/q30/hatchback/review/
https://www.topgear.com/car-reviews/infiniti/q30
https://www.autocar.co.uk/car-review/infiniti/q30
However imo, I think it's a good deal. We've had the standard SE models on this site reach 1000+ heat for roughly £500 cheaper. (Taking ino account delivery, otherwise only £250 cheaper for the additional business pack!)
As the OP and having read through most of the posts on the Q30 on this site, I've actually ordered one myself :smiley:
however the value and cost involved in this leasing I believe to be worth it (as stated in the "i think its a good deal".)
I dont think its a particularly poor car (the reviews you posted seem to rate it average or better).
Not really sure how i've mentioned that its only worth it if you dont care about the car?
I'd expect people to do their own research on whether the car is suitable for them. I've test drove a Q30, done my research and with a lease price like this, feel its a suitable offer for myself ever since I've seen the other Infiniti Q30 offers on HUKD :smiley:
Theres always going to be better cars available, but at a lease price of under £5k? unlikely
In those I believe it states rival cars to be things like an Audi A3 or BMW 1 Series and also VW Golf. None of which can be obtained for under £5000 over a 2 year lease...
I was personally looking at this or a VW Golf (GT model and also the GTI offer I posted up) which wouldve taken my costs closer to £6000, so chose to go forward with the cheaper option in this scenario.
If it helps, I also compared it the prices of the Infiniti Q30 that have been posted up previously on HUKD (also already mentioned). If you need help with that, theres a search function on the site that can assist you :smiley:
1) You need to arrange Motor Insurance it is not included.
2) You will need 'personal lease' GAP Insurance (be careful here as there are several styles of GAP cover) unless you can get a muppet from an Insurance Co. to PUT IN WRITING that the Policy would provide a new vehicle if written off or stolen and is less than 12 months old, even then you need to factor in GAP cover after this 12 month period so may as well do it in the first place. I am insured with DL and their wording is specific i.e. YOU must be the first registered keeper. With personal leasing the owner & keeper are noted as the leasing firm (who are probably the makers in most cases) and not YOU, you will not get any ownership documents - Also If you do not make the ownership and registered keeper clear to your Insurer you could give them wriggle room in the event of a claim and why would you want that kind of grief?.
3) Breakdown Cover - This is normally included but check - It is a handy saving if included and does what you need it to do - Note they rarely if ever include overseas cover i.e. holiday trips to Europe .
4) Vehicle Tax - Is included for the duration of the lease period, this is also a handy saving in view of the new charges effective 01/04/2017.
5) Mileage - Choose carefully, go over the chosen/specified number and an excess charge per mile will apply however to be obtuse sometimes this can work in your favour! - Some deals limit the amount of extras miles you can do - check the T&C's carefully.
6) Maintenance is rarely included on a personal lease quotation but is normally available as an optional extra - Do the maths based on your mileage/servicing costs/tyre requirements etc. If you opt not to take Maintenance Cover factor in the cost of each Annual Service as these are always more than you think for a new car as you have to use a main dealer & not the garage next door! - My previous Citroen cost the best part of £200 for its annual service. Also note that with a new vehicle you are likely to get several recalls throughout the year for software upgrades/crap build bit replacements - They are free but can be a pain timewise if you get several throughout the year! - I personally choose not to take maintenance as the costs are always factored in on the high side by the lease firms for obvious reasons and take the view that if I owned the vehicle I would have to have it serviced anyway and the warranty rules for a new vehicle state you must use an approved dealer.
7) At the end of the lease period the vehicle is returned, you do not own it. Some will ask if you wish to buy. Don’t, would be my advice, as the offer is always higher than you can go buy a similar vehicle of a similar age & mileage elsewhere. Upon return there will be a whole host of things to go through i.e. scratches, dents, scraped alloys etc. You will be charged to rectify these – GET A LIST OF THE RETURN RULES before you ever Lease so you know where you stand and can factor in cleaning/repairing etc. prior to the return of the vehicle. Do buy door handle protectors they are cheap to purchase and save key scratches – we all do it no matter how careful we think we will be!
After all of the above why lease? It’s a matter of personal reasons end of! – I do it because I like the increased safety, fuel efficiency, don’t want the depreciation but like most (I say that carefully!) like a new car every so often and don't want to bomb £20K.
My current deal would have cost me £5K+ more in depreciation over an 18 month period if I had bought new @ that’s just on a crappy Citroen C4 Cactus – yep £5K+ more. RRP £18K to buy new, now available 2nd hand to buy @ £8.5K, to lease has cost me £3100 plus servicing & GAP.
New deal arriving shortly is Hyundai Ioniq (base model) over 18 months.
Deposit £1015.20 then 17 payments @ £112.80 – Total £2932.80 which Includes road Tax worth £195 - got lucky as they have honoured their quote re this element - effectively brings lease cost down to £2738!. Includes UK Breakdown Cover (? value). GAP Cover Inc. Deposit Cover is approx. £135 for 2 years (can extend to include scratches, alloys etc. but gets expensive!). – Seems pretty good to me for a brand new car worth £20/21K.
So I've just been offered the above car on a PCP for 3 years.
Is it better to get a PCP or lease? As I will want a new car every 2/3 years.
Is there anything negative with PCP?
Thanks
Thank you for all your comments and helping to make this deal hot!
On going to Europe you should be getting the formal document from the owner to do so (VE103) - now if you don't you may well get past with no issue however if customs pick up you are not the owner and query it you could have the car impounded whilst clarity sought. The form is usually only a formality on a yearly basis but then requires an admin fee.
A link to bvrla fair wear tear guide that give details on what the industry standard is:http://issuu.com/bfwsn67/docs/bvrla_fair_wear_and_tear_standard_-_1bb2e1448fea57?e=2001091/14761001'
also how much is excess mileage and is there a limit for excess miles?
the car is back in stock but more expensive
https://www.motordepot.co.uk/cars/contract/infiniti-q30-15d-se-business-5dr-dct-auto-sat-nav?leasing-type=personal&leasing-mileage=8000&leasing-deposit=250