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Old 08-03-2013, 08:56 PM   #121
SteveTDCi
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http://www.gogreenleasing.co.uk/busi...sia-5dr-957361
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Old 08-03-2013, 09:31 PM   #122
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Can someone please explain the differences between a personal pcp and a personal lease( not business ), pros and cons of both.

I have had several pcp's previously but not really looked into a lease so unsure of any potential pitfalls.

Thanks in advance for your help.
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Old 08-03-2013, 09:46 PM   #123
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Personal lease reduces your flexibility - you're effectively tied in for the duration of the agreement and you have no option at the end but to hand it back

If there was the same car available on both PCP and Personal Lease at the same cost then I would always choose the PCP option as it gives you the option to purchase at agreement end, you can p/x, sell or settle at any point

Most of the time Personal Lease is cheaper BUT more restrictive - horses for courses
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Old 08-03-2013, 10:46 PM   #124
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Andy, do most personal leases have the early termination clauses ? I know with lex we have to pay 50% of all outstanding rentals on business. I'm toying with a cheap city car on a lease, I wouldn't want to put much more tan £500 down and pay much more than £125 per month and no more than 24 months.
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Old 09-03-2013, 07:38 AM   #125
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Many personal lease companies will give you the option to purchase too after the term.
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Old 09-03-2013, 10:26 AM   #126
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Quote:
Originally Posted by SteveTDCi View Post
Andy, do most personal leases have the early termination clauses ? I know with lex we have to pay 50% of all outstanding rentals on business. I'm toying with a cheap city car on a lease, I wouldn't want to put much more tan £500 down and pay much more than £125 per month and no more than 24 months.
I'm not too sure - don't really get involved in lease - I know the regulations are different to HP / PCP.

I think the general rule of thumb with personal lease is that the finance provider can insist that all payments are made but they can negotiate from that if they want to
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Old 09-03-2013, 10:27 AM   #127
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Originally Posted by robertdon777 View Post
Many personal lease companies will give you the option to purchase too after the term.
True but unlike PCP you have no idea until the end of the agreement what £ will be required to purchase
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Old 09-03-2013, 02:06 PM   #128
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They can also set the end payment high to reduce the rentals and then hit you for all kinds of dehire charges at the end.
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Old 14-03-2013, 12:54 PM   #129
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Merc CLS Coupe (4 door) 250CDi Auto

Nav, BT, Metallic, Leather, Xenons, LED tail lights

24 months @ £299.99 + VAT

£1800 down

10K per year

Frontier Vehicle Leasing
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Old 17-03-2013, 08:24 AM   #130
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E250 cdi AMG sport auto.

£249 +VAT

6 down 10k per year mileage.

Not latest shape though but still bloody cheap.

From madsheep
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