Lease deals / affinity

[anotherv60]

Originally Posted by Ninja59

It does depend on car brand really. Most people i know end up on finance even if buying outright anyway now as dealer contributions tend to help get discount and then if buying outright then 14 days later clear it.

Personal leasing as PCH has come on leaps and bounds aimed at those that simply never want to own a vehicle. But yes any damage can see unexpected bills usually they use BCA as a guide, and mileage limits can have a large impact.

Thanks for the response but what is BCA?

[anotherv60]

Originally Posted by Harvey1512

I've leased a car via work for about the last 12 years or so. Most scare stories are from people who have never actually leased or those who leased but didn't understand the key features.

First off, don't lie about how many miles you will do. The best deals are for 10k per year but if you are going to do 20k then don't moan about the big bill at the end. The extra miles charged are usually pretty cheap so better to say 20k miles p/a and pay 12ppm extra for 600 miles than pay for mileage of 25k p/a that you don't actually utilise. No one is trying to catch you out, just think about your mileage up front and know the cost per mile that you will be charged extra if you go over that. The extra is usually pretty fair and you know it at the beginning.

At the end yes you hand your car back but it has to be in decent condition. Not rocket science and no, it doesn't have to be perfect. You are allowed the odd mark but not scratches or dents. They give you a booklet to show what is acceptable. I wait until 1 month to go and get a price from a bodyshop place to sort out any scratches or dents. They are used to dealing with lease cars so speak to them about what they think will be picked up and what will be fine. Don't go to a dealer, they mostly farm the work out to the back street guys anyway. If it is minor stuff than a mobile repair bloke will be enough. I've never paid more than £200 at a bodyshop place at the end of a lease, that is based on 6 cars leased. Factor this into your overall cost. Is it any different to the dealer kicking tyres and knocking off money in part ex based on your car being in poor condition?

A colleague of mine thought he was being clever once and bodged the touch ups / scratches himself. He got hit for a £500 bill by the lease company, way over the top but that is how it works. Don't think you can talk round the collection person as they get hit with fines if they miss any faults. That makes them pretty darned attentive although in my experience I have only had one where I refused to sign the report as I though he was being ridiculous. (In the end it was taken away unsigned but the company agreed with me and no charges were made) Dont be stupid and you will be okay.

I love leasing, it has got me cars I would never have been able to afford otherwise. Simple, easy, stress free. Just know the key features upfront.

Thanks for the detailed response,

I do have one other question around the insurance - if the vehicle gets written off for instance are you out of a car and are you committed to continue paying for the remainder of the lease?

[Prufrock]

Originally Posted by anotherv60

Thanks for the response but what is BCA?

It is not BCA, it is the BVRLA* Fair Wear and Tear Guide that is used by members (of the BVRLA) to determine costs when defleeting.

You have to insure the car as you normally would. If you are choosing a PCH over a PCP or vice-versa you should be clear on the benefits/disbenefits of each...I am unclear whether you are a consumer or business user - different again.

Jon.

*British Vehicle Rental & Leasing Association.

[wimorrison]

Originally Posted by anotherv60

Thanks for the response but what is BCA?

Always used to mean British Car Auctions , bought a few cars there over the years!

[Ninja59]

Originally Posted by Prufrock

It is not BCA, it is the BVRLA* Fair Wear and Tear Guide that is used by members (of the BVRLA) to determine costs when defleeting.

You have to insure the car as you normally would. If you are choosing a PCH over a PCP or vice-versa you should be clear on the benefits/disbenefits of each...I am unclear whether you are a consumer or business user - different again.

Jon.

*British Vehicle Rental & Leasing Association.

Yep sorry had a brain fart i meant the above. But ultimately keep good care of it if not expect to be billed. Question sometimes is a poor repair over any damage can be more costly than just leaving it until it goes back