Anyone got a Business / Personal Lease car - some very tempting offers around...

[ChrisPackit]

As above, does anyone have a car on personal / business lease and have any constructive feedback on them.

I've been toying with the idea for a while. I have always purchased my cars outright, but when I saw a deal for, say, an Audi A6 for £220 + VAT a month on a 6 + 23 it got me thinking.

My 7 year old Golf which is my daily commuter, just barely went through the MOT, and ideally needs a new battery, new brake disks and pads and a service shortly. Had a clutch recently too.

When you weigh up, yes it will cost you £264.00 a month with VAT, but the price of maintenance and depreciation on a car I bet theres not an awful amount in it.

Anyone else thought about / done this? There seems to be some great deals out there at the moment.

[ChimpMaster]

Yes I've thought about it.

[gingerjedi]

How many miles on the Golf? 7 years old would be nearly new to me!

[Pondlife]

When you weigh up, yes it will cost you £264.00 a month with VAT, but the price of maintenance and depreciation on a car I bet theres not an awful amount in it.

Are you planning on doing this through YourCo or out of personal cash.

What sort of BIK would you be looking at if it's from company fundage?


I know fundage isn't really a word but it should be.

[gingerjedi]

I know fundage isn't really a word but it should be.

Wodge/Wodage?

[eek]

29* £264 is £7656. Are you sure keeping your golf going is going to cost you £7000 especially as at 7 years old there can't be much depreciation still to loss off it.

If you want a new car its a good deal. I'm not sure I would take it tho.

[ChrisPackit]

29* £264 is £7656. Are you sure keeping your golf going is going to cost you £7000 especially as at 7 years old there can't be much depreciation still to loss off it.

If you want a new car its a good deal. I'm not sure I would take it tho.

I don't think it would cost that much, but I guess I would lose £1500 depreciation on it over 2 years, its cost me £500 in maintenance in the 6 months I've had it, plus an estimated £400 due to be spent soon on maintenance. With a new car there is no worries about MOT's, maintenance (other than an annual service), tyres etc.

I reckon with the miles I do, 2 years motoring would cost £4 - £5000 all in for the Golf, and maybe £7.5K for the rental. So obviously there is a difference but seems a small price to pay to smoke around in a new Audi etc for c. £2500 spread over 2 years.

My accountant informs me it would be better to do this personally, so would take his word for it on this.

[Harmonic]

What sort of mileage will you be doing? Most of the figures are based on 10K per year and they spank you for extra miles. Not just on the p per extra mile rate but they also reduce the future value of the car so the lease cost goes up.

[v8gaz]

Deals are not as good as they were a few years ago. Just handed back my BMW 760, which I was paying 410 a month for. That was 2 years old when I picked it up. Spotted a deal on a brand new 730 diesel for 399 a month, which is pretty spectacular, but unfortunately I don't do deisels

[Troll]

Spotted a deal on a brand new 730 diesel for 399 a month, which is pretty spectacular, but unfortunately I don't do deisels

I saw that deal and it looked unbeatable in terms of car per pound, unfortunately I don't do BMWs
Some seriously good offers on Audis too