1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Car leasing

Discussion in 'Motoring & Motorsport' started by miss_lfc, Jan 21, 2019.

  1. miss_lfc

    miss_lfc Registered User

    Joined:
    Sep 28, 2008
    Messages:
    21,773
    Likes Received:
    5,907
    Supports:
    Liverpool
    Just wondering if anyone has had or currently has a car on a personal lease before? It’s something I’m considering so just wanted some opinions, whether it be PCH or PCP.
     
  2. RedDevilsShinja

    RedDevilsShinja In need of a new username

    Joined:
    Oct 19, 2009
    Messages:
    7,380
    Likes Received:
    1,797
    Supports:
    Manchester United
    My current car is on PCP.
     
  3. miss_lfc

    miss_lfc Registered User

    Joined:
    Sep 28, 2008
    Messages:
    21,773
    Likes Received:
    5,907
    Supports:
    Liverpool
    Would you recommend that over the PCH? Who did you get it with?
     
  4. RedDevilsShinja

    RedDevilsShinja In need of a new username

    Joined:
    Oct 19, 2009
    Messages:
    7,380
    Likes Received:
    1,797
    Supports:
    Manchester United
    I've never had a car through PCH so I can't comment. I'm in a 4 year contract with VW.
     
  5. miss_lfc

    miss_lfc Registered User

    Joined:
    Sep 28, 2008
    Messages:
    21,773
    Likes Received:
    5,907
    Supports:
    Liverpool
    Ah so you went direct to the dealer?
     
  6. RedDevilsShinja

    RedDevilsShinja In need of a new username

    Joined:
    Oct 19, 2009
    Messages:
    7,380
    Likes Received:
    1,797
    Supports:
    Manchester United
    Yeah all of our current cars that my family owns we've gone direct to the dealer.
     
  7. miss_lfc

    miss_lfc Registered User

    Joined:
    Sep 28, 2008
    Messages:
    21,773
    Likes Received:
    5,907
    Supports:
    Liverpool
    Thank you that really helps, although I imagine the prices will be higher from a dealer.
     
  8. RedDevilsShinja

    RedDevilsShinja In need of a new username

    Joined:
    Oct 19, 2009
    Messages:
    7,380
    Likes Received:
    1,797
    Supports:
    Manchester United
    It depends on how good at haggling you are or if you know somebody who works at the garage you're buying from ;)

    CarWow is good for this as they pull up the best deals for whatever car you're after in the whole country, it's good as your ace in the whole so to speak when you're trying to get the price down.
     
  9. miss_lfc

    miss_lfc Registered User

    Joined:
    Sep 28, 2008
    Messages:
    21,773
    Likes Received:
    5,907
    Supports:
    Liverpool
    I’ll have a look on Carwow later then thank you. I think I’m leaning more towards the PCH from what I’ve read but certainly won’t rule out PCP if it’s a better deal.

    My hubby is about as much use as a chocolate fire guard with stuff like this, and me the same. So thank you.
     
  10. Papa Francesco

    Papa Francesco Registered User

    Joined:
    Sep 12, 2015
    Messages:
    13,978
    Likes Received:
    5,423
    Supports:
    Middlesbrough
    My current car is on PCP.
    I wouldn't get a PCP deal from a garage, to a greater or lesser extent depending on the dealer (VW charge extortionate interest rates.)
     
  11. miss_lfc

    miss_lfc Registered User

    Joined:
    Sep 28, 2008
    Messages:
    21,773
    Likes Received:
    5,907
    Supports:
    Liverpool
    Where did you get yours from?
     
  12. Papa Francesco

    Papa Francesco Registered User

    Joined:
    Sep 12, 2015
    Messages:
    13,978
    Likes Received:
    5,423
    Supports:
    Middlesbrough
    Got it through a private broker

    Capital Car Finance - PCP & Lease Purchase - Rates From 5.5% APR

    Got 5.5% interest rate on the loan rather than the 12% that VW were offering me. You also have a better chance at haggling with the garage as you are technically a cash buyer in their eyes.
     
  13. miss_lfc

    miss_lfc Registered User

    Joined:
    Sep 28, 2008
    Messages:
    21,773
    Likes Received:
    5,907
    Supports:
    Liverpool
    Well yeah that interest is great isn’t it compared to direct with the dealer. I’ve just had a look at the website and it certainly seems a good way if it’s PCP I go for so thank you very much for that.

    Out of interest what made you go for PCP over PCH?
     
  14. RedDevilsShinja

    RedDevilsShinja In need of a new username

    Joined:
    Oct 19, 2009
    Messages:
    7,380
    Likes Received:
    1,797
    Supports:
    Manchester United
    Yeah I forgot about the high interest rates VW have, I know the manager of the dealer I got mine from so I got a nice discount on it. If the deals right, the deals right.
     
  15. Papa Francesco

    Papa Francesco Registered User

    Joined:
    Sep 12, 2015
    Messages:
    13,978
    Likes Received:
    5,423
    Supports:
    Middlesbrough
    Cheaper cost per month and allowed me to get a nicer car with my budget. As long as I stay under my mileage at the end of the deal I can hand it back to them no questions asked.

    Absolutely, I asked the dealership about budging on the interest rate but they showed no interest so I went with an option that was much more helpful and cheaper.
     
    #15 Papa Francesco, Jan 21, 2019
    Last edited by a moderator: Jan 21, 2019
    RedDevilsShinja likes this.
  16. RedDevilsShinja

    RedDevilsShinja In need of a new username

    Joined:
    Oct 19, 2009
    Messages:
    7,380
    Likes Received:
    1,797
    Supports:
    Manchester United
    It's especially egrigious when you consider the BoE has had sub 1% interest rates for a decade now, and the ECB has negative rates.
     
    Papa Francesco likes this.
  17. miss_lfc

    miss_lfc Registered User

    Joined:
    Sep 28, 2008
    Messages:
    21,773
    Likes Received:
    5,907
    Supports:
    Liverpool
    So you don’t have to purchase the car at the end of the contract?
     
  18. Papa Francesco

    Papa Francesco Registered User

    Joined:
    Sep 12, 2015
    Messages:
    13,978
    Likes Received:
    5,423
    Supports:
    Middlesbrough
    No, as long is it’s in good condition and at/under your mileage agreement then it’s fine.
     
  19. miss_lfc

    miss_lfc Registered User

    Joined:
    Sep 28, 2008
    Messages:
    21,773
    Likes Received:
    5,907
    Supports:
    Liverpool
    Ah I ok, I was under the assumption you had to with PCP and you didn’t with PCH.

    But thank you for your help.
     
  20. GTFCfish

    GTFCfish Registered User

    Joined:
    Jan 14, 2019
    Messages:
    255
    Likes Received:
    151
    Location:
    Grimsby
    Supports:
    Grimsby Town
    Now my 2.4 petrol guzzler is knackered were looking at doing a PCP on a 1.2 or a 1.4, the amount I’ll save on petrol per month should just about cover the monthly cost and then I’ll be saving on tax as well so it’s a no brainer for us really.
     

Share This Page