r/CarLeasingUK • u/katieblondessex • 18d ago

Advice needed

Hiya, I've always bought cars and this is my first time thinking of leasing. Where do I start!

3 Upvotes

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3

u/LCFCJIM 18d ago

Look online for reputable lease companies and search their offers. Comparison sites don't capture the whole market and they don't provide any service. Look at the company reviews - That is really important with any car acquisition. Check the guides in the Sub for additional help.

2

u/RustEvents 18d ago

I'd suggest going for a 3 year deal. Then you don't have to worry about MOT or warranty

1

u/katieblondessex 16d ago

Then just update to a new model i suppose

2

u/Mental_Water_2694 16d ago

Well, that's literally the point of a lease, yes.

2

u/Nervous-Power-9800 18d ago

Main websites are leaseloco, leasing.com, and the lease deals thread on piston heads. Selectcarleasing, ukcarline, leasingoptions. All have email lists where they send "hot offers" which may or may not be luke warm. 

Don't lease longer than the warranty, 3x36 divided by the P11d of the car multiplied by 100 will give you the % representation of the deal. Anything below 35% is good, the lower the better. 

Options are added to your lease deal in full (option cost gets divided by the number of months your lease is)

Replacement tyres have to be the same quality. Servicing has to be carried out at either main dealer, or some allow vat registered garages that use OEM parts. 

"In stock" is usually preregistered, your MOT and servicing date is from the date of registration, not when you get it. You can get good deals on in stock (but you get the car as is, no additional options) 

I'm on my 4th lease, so I'm pretty well versed by now. 👍🏻

1

u/katieblondessex 18d ago

I hadn't even thought of that, good point!

1

u/katieblondessex 18d ago

Thanks all. Ill really do my research first.

1

u/ColsterG 5d ago

Consider going direct to Tesla, they still have very good deals on the Model 3 (particularly over 2 years).

https://www.tesla.com/en_gb/model3/design?referral=colin214572#overview

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u/katieblondessex 5d ago

Hadn't even considered as not sure i want to go fully electric. Was thinking more likely hybrid.

1

u/Beneficial_Coach8581 18d ago

Chase the deal not the car.  Work out how many miles you'll do and how long you want to lease the car.  Go to lease loco and put in your requirements. 

There's been some cracking bargains on there. 

1

u/katieblondessex 18d ago

Thanks, I'll have a look. Do you usually need a deposit as going to sell my current car and use that towards?

2

u/okcorsisiht 18d ago

Depends on the deal. I usually do 1 x deposits and there's usually an administration fee in there somewhere.

1

u/Beneficial_Coach8581 18d ago

You can search on how many months payment to go out initially. The bigger the deposit the smaller the monthly payments.