I always on the look out for cheapo PCH deals so thought I may as well share
I appreciate leasing doesn't work for everyone, but TBH I like changing my cars every 2 years. This coupled with the fact I don't do massive mileages, makes leasing work for me
No more depreciation and no more road tax to pay when doing PCH
It is considered that 25% of the total lease cost (incl. admin fee's) of the cars RRP is a good deal
20% and better is excellent
Great explanation of PCH by @DrEskimo
Basically leasing is for people that want new cars every couple of years, and use deals like this in order to beat the amount of depreciation you would pay had you bought it from new with a discount. Leasing companies achieve this through bulk buying.
E.g.
BMW M4 = £64,000
Discounted using Coast2Coast = £55,000
Predicted value after 24m/16k miles = £34,000
Total cost = £21,000
So this lease would save you about £4,500 over buying it outright. Assuming of course you have zero intentions of driving it more than 16,000 miles and definitely will swap it after 24months.
If you add options, the difference reduces as you get discount on options when buying outright, whereas you are liable for full cost on a lease.
Some sites worth looking at -
https://www.contracthireandleasing.com/
https://www.parkers.co.uk/car-leasing/
https://www.whatcar.com/car-leasing/
https://centralukvehicleleasing.co.uk/
https://leasecars.online/
https://www.selectcarleasing.co.uk/
Plenty of info on PistonHeads about leasing too
https://www.pistonheads.com/gassing/forum.asp?h=0&f=255
I appreciate leasing doesn't work for everyone, but TBH I like changing my cars every 2 years. This coupled with the fact I don't do massive mileages, makes leasing work for me
No more depreciation and no more road tax to pay when doing PCH
It is considered that 25% of the total lease cost (incl. admin fee's) of the cars RRP is a good deal
20% and better is excellent
Great explanation of PCH by @DrEskimo
Basically leasing is for people that want new cars every couple of years, and use deals like this in order to beat the amount of depreciation you would pay had you bought it from new with a discount. Leasing companies achieve this through bulk buying.
E.g.
BMW M4 = £64,000
Discounted using Coast2Coast = £55,000
Predicted value after 24m/16k miles = £34,000
Total cost = £21,000
So this lease would save you about £4,500 over buying it outright. Assuming of course you have zero intentions of driving it more than 16,000 miles and definitely will swap it after 24months.
If you add options, the difference reduces as you get discount on options when buying outright, whereas you are liable for full cost on a lease.
Some sites worth looking at -
https://www.contracthireandleasing.com/
https://www.parkers.co.uk/car-leasing/
https://www.whatcar.com/car-leasing/
https://centralukvehicleleasing.co.uk/
https://leasecars.online/
https://www.selectcarleasing.co.uk/
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www.leaseloco.com
Plenty of info on PistonHeads about leasing too
https://www.pistonheads.com/gassing/forum.asp?h=0&f=255