Car Leasing

Author
Discussion

steviebee

Original Poster:

13,570 posts

262 months

Monday 22nd December 2003
quotequote all
Currently me and the staff get paid a monthly car allowance.

I'm using mine to buy (on Options) a Mondeo. The Options thing expires in March.

It seems you get more bangs for your bucks when lease hiring rather than lease purchasing (like Options). i.e: BMW Z4 2.2i for £279 pm (as opposed to the £330 odd I'm shelling out at the mo')

Any good/bad experiences.

If good, can anyone recommend a decent leasing company.

....Ideally one that deals in private deals and to whom I can throw a monthly figure at, and they throw back the choices!

Cheers!

WD*

4,045 posts

258 months

Monday 22nd December 2003
quotequote all
"PCPs are a total rip off (like options) they're designed to catch out the non-rate aware. If you're getting a fixed sum cash for car deal from a co. then a lease package makes more sense

The negatives of contract hire are: penalties for damage or over mileage, long term commitment (almost always 3 years) high initial costing. But for a business user PCP's a mugs game (and for most other people, for that matter !)

Norflex (www.norflex.co.uk) offer an alternative, although their range of vehicles tends towards the mundane"

try : www.vehicleleaseuk.co.uk/

quoted from a friend in the know

>> Edited by WD* on Monday 22 December 23:26

>> Edited by WD* on Monday 22 December 23:33

steviebee

Original Poster:

13,570 posts

262 months

Tuesday 23rd December 2003
quotequote all
WD* said:
"PCPs are a total rip off (like options) they're designed to catch out the non-rate aware. If you're getting a fixed sum cash for car deal from a co. then a lease package makes more sense


Thanks WD*

The options worked fine for us a few years ago but your are right - it's also a way the manufacturers to tie you to them.

simpo two

87,068 posts

272 months

Tuesday 23rd December 2003
quotequote all
Or by an E-type etc? I believe the tax you pay is related to purchase price when new

pdV6

16,442 posts

268 months

Tuesday 23rd December 2003
quotequote all
simpo two said:
Or by an E-type etc? I believe the tax you pay is related to purchase price when new

I thought they'd cottoned on to this and amended it to "value when aquired"?

eric mc

122,855 posts

272 months

Tuesday 23rd December 2003
quotequote all
The tax value is normally based in the Manufacturer's List Price. If the vehicle is a classic or no longer in production and does not have a current Manufacturer's List Price, then Market Value is used.

GavinPearson

5,715 posts

258 months

Wednesday 24th December 2003
quotequote all
See if you can get a copy of "Fleet News". This is the trade paper for anybody looking to buy / lease cars for businesses. It is enlightening.