Thetownend.com

Finally reluctantly accepting that maybe it's time to put the 14-yr old KIA out to grass (well, not literally, I'm not going to abandon it in a field) and looking at a lease for my next option. Anyone done it? Recommend any leasing companies? Hidden tricks etc to watch out for?

I got mine through lings cars - a broker but very reasonably priced and a painless process (even if the website took some getting used too)

Would recommend a look if you’re not set on anything particular. This was PCH, not PCP

Link and she will come https://www.lingscars.com

Well she did once, but her account has been deleted now
http://thetownend.com/index.php?topic=33402.0

I previously arranged a lease through a broker company called Tilsun. Very easy to deal with, but they tend to load the deal up-front so as to make it appear cheaper on the monthly payments.

Current lease is directly through Kia (but financed by ALD). Much easier dealing with a local firm than doing things remotely as I had done previously, plus I could pick the car up rather than have it delivered to me. Kia were about the only dealership I found that would entertain personal leasing whereas other dealers only really deal with business leases and wanted me to go down the PCP route.

Haha, I don't remember that thread, brilliant!

Actually, looking at that 9 year old thread I was dead against leasing and said it was dead money.

Now I wouldn't do anything other than lease a car.

I'm such a flip-flopper :)

You were quite down on leasing in the Ling thread.... did she persuade you otherwise (ah see you beat me to it above!).

We are also considering going down the lease route (coincidentally possibly with Kia), whats the benefit of personal lease v. PCP as with PCP you can just walk away at the end like a lease anyway can't you?

You can't necessarily just walk away from a PCP. A dealer will sell it to you on the basis there should be equity in the car at the end of the period to be a deposit on your next deal. The GFV usually is about right, but sometimes they get it wrong or things change (the make/model becomes less desirable i.e. dieselgate) and you could actually end up having to pay to hand the car back.

No such problem with a lease, you just hand it back and it's resale value is the finance company's problem.

Still a fucking horrid website though. Fair play to her she was fun

Keep an eye on this thread for deals: https://www.pistonheads.com/gassing/topic.asp?h=0&f=255&t=1713219&i=6980

It's mostly just higher end cars, but the occasional deal will pop up. If you are dead set on what car you want, there could be a lead time for it to be built (up to 6 months in a lot of cases at the moment). But if you're not too bothered and wait around for an "in stock" deal there's some cracking offers to be had.

I favour a 24 month deal. A good indicator is if the cost of the lease is less than 25% of the OTR price, it's usually a good deal.

If my deal were up now, I'd be all over this one: https://www.contracthireandleasing.com/independent-brokers/myvehiclesource-ltd/abarth/124-spider/303778912/

Cheers for all the tips/info guys

Now that's interesting as I'm looking at getting a KIA, but thought Fish Bros only did business leases? Or is there another local KIA dealer I don't know about?

Oooh, that's gorgeous but the missus would think I'm having a midlife crisis :)

It was Fish Bros I dealt with. I found an online quote and asked if they'd match it, which they did, so I gave them the business.

:D

Will try the same then. I was going in there to test drive anyway and was going to ask about personal lease on the off chance.

mileage limits usually kill it for me, how does anyone survive on 10k.

Fairly easily.

I think on my last lease I paid less than £20 in excess mileage charges :)

We do less than 6k a year and we live in the sticks and I use the motor for business as well?

Just about to start a new job that means a 70-odd mile round trip so I'm not going to fit inside 10k. More like double that

Just me and you then Paul!

I only do Chippers and back, football ferrying at weekends and the odd holiday/exceptional trip. Easy 14-15K or more.

Same as. Maybe we should both look at upgrading our sat navs before we look at cars!

By using a motorbike during the summer  ;D

I now do 20k a year, and in the end decided to buy nearly new on HP. Speccing out the same car (albeit 7 months old and 4.5k on the  clock) on a 4 year lease term (vs my 4 year HP) is a fair bit cheaper in total but then if you look at what the (older version) model is worth now with similar mileage it's worth a more than the difference the total cost over the term.

Shorten the lease term to 2 years and it works out dearer to lease than to finance through HP and you hand the car back (if that bothers you).

So for high annual miles it's not necessarily good, but comes down to personal preference really.

Sorry but that's not correct, the GFV is exactly that, Guaranteed Future Value, so if at the end the car is worth less than that figure, the finance company takes the hit not you.