Sergeant Wilson Posted January 4, 2017 Share Posted January 4, 2017 2 hours ago, Dave said: This. I got my first lease car in November, wee Citroen C1 I've had bigger hats. 0 Quote Link to comment Share on other sites More sharing options...
nelsjfc Posted March 4, 2017 Share Posted March 4, 2017 Seen a car at vanarama considering getting. Anyone dealt with them?Main worry I have is what sort of charges you get for any slight damage. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 4, 2017 Share Posted March 4, 2017 58 minutes ago, nelsjfc said: Seen a car at vanarama considering getting. Anyone dealt with them? Main worry I have is what sort of charges you get for any slight damage. All lease companies can be brutal in trying to get money out of you at the end of the lease. I had an interesting wee experience yesterday. My existing car goes back soon and I had to take my private registration off, one screw wouldn't come out so I asked a guy who runs a body shop next to my place for a hand. Long story short, I mentioned the damage to my alloys and commented that I'd probably get charged for them. He looked at them and said it was corrosion not scuffing and I should get my local dealership to confirm this before the car gets its pre-return inspection. If not for that chance discussion I may have ended up paying a couple of hundred pounds. 0 Quote Link to comment Share on other sites More sharing options...
Shandon Par Posted March 5, 2017 Share Posted March 5, 2017 7 hours ago, Granny Danger said: All lease companies can be brutal in trying to get money out of you at the end of the lease. I had an interesting wee experience yesterday. My existing car goes back soon and I had to take my private registration off, one screw wouldn't come out so I asked a guy who runs a body shop next to my place for a hand. Long story short, I mentioned the damage to my alloys and commented that I'd probably get charged for them. He looked at them and said it was corrosion not scuffing and I should get my local dealership to confirm this before the car gets its pre-return inspection. If not for that chance discussion I may have ended up paying a couple of hundred pounds. Until recently I always (for the last 16 years or so) leased cars or did pcp deals. I never once did the hand back thing you describe. I always simply traded them in to a garage. They'd simply pay a fair trade in price and clear the finance. Just means you don't risk being stung on mileage, or the damage versus wear and tear stuff you describe under the strict lease terms. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 5, 2017 Share Posted March 5, 2017 3 hours ago, Shandon Par said: Until recently I always (for the last 16 years or so) leased cars or did pcp deals. I never once did the hand back thing you describe. I always simply traded them in to a garage. They'd simply pay a fair trade in price and clear the finance. Just means you don't risk being stung on mileage, or the damage versus wear and tear stuff you describe under the strict lease terms. No mine's is a lease deal. You pay X deposit which includes your first month, Y per month for another 23 months then hand the car back. If you go over the prescribed mileage, 10k per annum in my case, you pay extra for each mile. Not handing the car back is not an option. What you had sounds a different sort of deal altogether. I like leasing. If you want/need a new car and want to change it every couple of years it's far better than buying and trading in. 0 Quote Link to comment Share on other sites More sharing options...
Shandon Par Posted March 5, 2017 Share Posted March 5, 2017 20 minutes ago, Granny Danger said: No mine's is a lease deal. You pay X deposit which includes your first month, Y per month for another 23 months then hand the car back. If you go over the prescribed mileage, 10k per annum in my case, you pay extra for each mile. Not handing the car back is not an option. What you had sounds a different sort of deal altogether. I like leasing. If you want/need a new car and want to change it every couple of years it's far better than buying and trading in. You're being a goody two-shoes. The finance company owns the car and you or any garage/new finance company can simply call them, get a settlement figure at any time for what they'd want for the car and you can take it from there, bypassing the whole end of lease process set out in the original agreement (which will stipulate mileage, condition etc). 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 5, 2017 Share Posted March 5, 2017 9 minutes ago, Shandon Par said: You're being a goody two-shoes. The finance company owns the car and you or any garage/new finance company can simply call them, get a settlement figure at any time for what they'd want for the car and you can take it from there, bypassing the whole end of lease process set out in the original agreement (which will stipulate mileage, condition etc). My car is not owned by a finance company, it is owned by Mercedes Corporate. I previously had an E class that I leased for two years then bought one that I kept for two years. The buying option cost significantly more over the period, it was a pain in the arse to sell as I wasn't trading it in and I had a huge chunk of cash tied up that could have been earning me money. Maybe when I retire I would go back to outright ownership but until then it will be lease deals for me. 0 Quote Link to comment Share on other sites More sharing options...
Honest Saints Fan Posted March 6, 2017 Share Posted March 6, 2017 On Wed Jan 04 2017 at 14:44, Honest Saints Fan said: My car lease is up in a few months and beginning to look for a new car. Anyone ever used Jet Vehicle Finance. Found a deal with them that sounds too good to be true! As an update I've taken out a new lease and used Jet Vehicle Finance who have been great so far. Car gets delivered in 2 weeks. Now my current lease has started making a squeaking noise when the steering turns, better not be anything serious as it's going back in 3 weeks. 0 Quote Link to comment Share on other sites More sharing options...
die hard doonhamer Posted March 6, 2017 Share Posted March 6, 2017 You're being a goody two-shoes. The finance company owns the car and you or any garage/new finance company can simply call them, get a settlement figure at any time for what they'd want for the car and you can take it from there, bypassing the whole end of lease process set out in the original agreement (which will stipulate mileage, condition etc). You are talking about PCP, which is similar but not the same as leasing. I've got both of my cars on PCP and can't see me buying outright unless my financial situation changes dramatically. 0 Quote Link to comment Share on other sites More sharing options...
Rugster Posted September 5, 2020 Share Posted September 5, 2020 @19QOS19 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.