[Michael Peterson]

Just sent an l200 back with them it was a on lease barely used for work so in pretty good condition the odd bump and scratch, i was terrified they were going to be loads of high charges (never leased before) but to be honest there wasn't. a couple of small bits and scratches but all very fair, i was very happy and am not comfortable with leasing

[Spruce]

Just sent an l200 back with them it was a on lease barely used for work so in pretty good condition the odd bump and scratch, i was terrified they were going to be loads of high charges (never leased before) but to be honest there wasn't. a couple of small bits and scratches but all very fair, i was very happy and am not comfortable with leasing

Most big businesses aren't comfortable with leasing their vans either if you are referring to Contract Hire.

If you are leasing so you could own the van at the end of the lease, then that's different. PSA used to call that lease a Finance Lease. You had the option of returning the van at the end of the contract but you owned the risk of the sale price. In other words the balloon or final payment was generally the expected value of the van at the end of the contract. To reduce monthly rentals to make the deal as attractive as possible, they make that balloon as big as possible knowing that you will have to repay any shortfall.

The finance house refused to lease a van with a final balloon payment to builders. They paid more per month so there was no balloon at the end of the contract. The finance house would still make money on the returned van even if they sent the van to scrap.

Dazmond has his van on this type of lease. I can't remember his figures but at the end of his lease he plans to pay the final payment and then keep the van for another few years as his annual mileage is low like the majority of ours is. You just have to have the right finance package in our industry.

[Plankton]

I put my L200 into a body shop before they picked it up, then got a bill through telling me that£180 would be automatically taken from my account due to a missing key. I then had to argue it as was clear on the paper work.
Personally I wouldn't use them again as they fecked me about with ordering the new van and just didn't give a sht!

[Slash]

I wouldn't bother leasing vans,used to years ago.
If you can afford buying them straight out is a much better option.

[dazmond]

pay 23k in one lump sum or have a new van on your drive in 3 weeks for less than a grand and ongoing monthly payments of £215?ill take the lease thanks....

[AuRavelling79]

pay 23k in one lump sum or have a new van on your drive in 3 weeks for less than a grand and ongoing monthly payments of £215?ill take the lease thanks....

I've done both. The famous Doblo I got on what I call lease purchase and I paid for it on a balloon payment and then finalised it with a peppercorn sum after four years.

The Hyundai was 16.5K in a lump sum which I arranged an overdraft for but made sure it was paid off in twelve months.

[Spruce]

pay 23k in one lump sum or have a new van on your drive in 3 weeks for less than a grand and ongoing monthly payments of £215?ill take the lease thanks....

I've done both. The famous Doblo I got on what I call lease purchase and I paid for it on a balloon payment and then finalised it with a peppercorn sum after four years.

The Hyundai was 16.5K in a lump sum which I arranged an overdraft for but made sure it was paid off in twelve months.

It is interesting how time changes people's perception of things.

At one time, probably 40 years ago, a large portion of TV's in peoples homes were rentals.

Now I don't believe that its not even possible to rent a TV.  Everybody buys them - usually on their credit card.

Leasing was orginally for businesses needing to spread the cost of a necessary expense over a longer period. Basically, a lease is renting a vehicle's depreciation with a bit of profit (interest) in it for the finance house. It was made easy to get into the leasing schemes but had a long term goal of getting a customer into a cycle he couldn't afford to get out of without lowering his standards. (In other words, if you are used to driving a new car every 3 years, are you going to cancel this and drive an old banger to cut costs?)

Once you are drawn in they generally have you back for repeat business. You are on their 'treadmill.'

For you, your purchase lease meant the the Doblo was an asset on your books. Had you taken the Doblo on Contract Hire, its not an asset on your books. To make big business look more healthy, having less assets makes the company appear to be more successful, especially if your company is on the stock exchange. If you are a LTD company then this could be an important consideration for putting company cars on Contract Hire, but not working vans.

[Plankton]

Can't really be bothered typing but basically Germans take over Brit companies change to Thier ways and lease everything, building and vehicles. So for every person that says 'buy' there's someone who says lease.
 

[Spruce]

Can't really be bothered typing but basically Germans take over Brit companies change to Thier ways and lease everything, building and vehicles. So for every person that says 'buy' there's someone who says lease.

The Americans aren't great  leasors with motor vehicles but some do rent all their furniture and household appliances. I believe that's unheard of in the UK.

I also think the car market is viewed differently in the states. You can still finance a 1995 Honda because it still has a value. In this country 15 years ago the motor industry via Glass' guide would see a vehicle as only having trade-in scrap value when it got to 10 years old.

Ford are now pushing for that 10 years to become 8 years and lower. They have stated that they will only guarantee spare parts for 7 years after that model ceases production.

[KS Cleaning]

pay 23k in one lump sum or have a new van on your drive in 3 weeks for less than a grand and ongoing monthly payments of £215?ill take the lease thanks....

It’s the total cost that matters most to me. I put down a lump sum deposit on my van and got 0% interest on the balance over 4 years. Some people have no idea what the total cost is for their cars or vans, they are only interested in what they pay per month, they are a salesman’s dream.

[David Beecroft]

😂 I’m reading all this and laughing.
I leased a Navara for 3 years and when I sent it back they sent me a cheque for £3k! However I wouldn’t take the risk again as I hear all the stories of companies ripping people off. I now run 2 old vans that cost me around £3k each to buy. I’ve had the oldest one nearly 5 years. Sure it costs me a garage bill every so often but I don’t have any monthly payment to make and it’s paid for itself many times over. I don’t need a flash new van to make decent money which is the only reason I clean windows.

[dazmond]

Just sent an l200 back with them it was a on lease barely used for work so in pretty good condition the odd bump and scratch, i was terrified they were going to be loads of high charges (never leased before) but to be honest there wasn't. a couple of small bits and scratches but all very fair, i was very happy and am not comfortable with leasing

leasing companies like vanarama are fair when it comes to handing vehicles back and will take wear and tear into consideration but obviously if you have a few bumps,dints and scratches and have lost a set of keys then you can expect to be billed a few hundred quid......i wouldnt be "terrified" though.....

[Slash]

😂 I’m reading all this and laughing.
I leased a Navara for 3 years and when I sent it back they sent me a cheque for £3k! However I wouldn’t take the risk again as I hear all the stories of companies ripping people off. I now run 2 old vans that cost me around £3k each to buy. I’ve had the oldest one nearly 5 years. Sure it costs me a garage bill every so often but I don’t have any monthly payment to make and it’s paid for itself many times over. I don’t need a flash new van to make decent money which is the only reason I clean windows.

These are my thoughts exactly and this is why I purchased mine outright,wouldn't lease again, but each to their own,however you can still have a flash van without leasing it.

[dazmond]

😂 I’m reading all this and laughing.
I leased a Navara for 3 years and when I sent it back they sent me a cheque for £3k! However I wouldn’t take the risk again as I hear all the stories of companies ripping people off. I now run 2 old vans that cost me around £3k each to buy. I’ve had the oldest one nearly 5 years. Sure it costs me a garage bill every so often but I don’t have any monthly payment to make and it’s paid for itself many times over. I don’t need a flash new van to make decent money which is the only reason I clean windows.

project fear.......

if you look after the vehicle and get it serviced regularly (and dont lose a set of keys!),keep it clean and tidy and dont go over the mileage allowance youll be fine,you might have to pay a few hundred quid depending on the scratches,dints,bumps but thats it...

[Plankton]

If you don't loose a set of keys (I handed back two sets) and then get billed like me then it's going to pee you off, so with paper work all in order and every little imperfection noted you can still expect a bill.
It was BCA that picked my L200 up and told it would go straight to auction, so it's not the lease company doing the inspection etc they just go by the report that's sent to them. Driver told me it's really down to the person doing the inspection later on.

[dazmond]

If you don't loose a set of keys (I handed back two sets) and then get billed like me then it's going to pee you off, so with paper work all in order and every little imperfection noted you can still expect a bill.
It was BCA that picked my L200 up and told it would go straight to auction, so it's not the lease company doing the inspection etc they just go by the report that's sent to them. Driver told me it's really down to the person doing the inspection later on.

ill take a photo of my keys before i hand back the golf,cheers for the heads up mate....

[Michael Peterson]

funny enough when i was looking up the reviews of handing back vehicles a lot of people said about the spare key, i actually had to replace one so im glad they didnt charge me for one :-) my experience was pretty good and i was expecting the worst

[dazmond]

funny enough when i was looking up the reviews of handing back vehicles a lot of people said about the spare key, i actually had to replace one so im glad they didnt charge me for one :-) my experience was pretty good and i was expecting the worst

most people only post an online review if they ve had a bad experience....if you read a few you end up thinking all people have a bad experience with leasing companies.....

[Kev Martin]

If you have a decent credit history / rating and only need one van, there are plenty of opportunities these days to either buy a van on a 0% finance deal or on a finance deal with a % interest low enough not to really worry about.  Failing that there is always places like Sainsbury’s Bank amongst others where you can borrow up to £25K over a fixed period with interest rates under 4% APR.  This method ensures, there is no leasing hassle, no worries about dings, dents, dangs or keys etc.  You get the best cash price for the new van and a decent trade in price for your old one.  Then after the period  of the loan you own the van and have enough equity in the van to trade in and go again.

[dd]

Personally I think 0% finance is a con. You simply pay an inflated price for the vehicle which covers the cost of the 0% finance deal.

If you look around you will get a better deal on a new van without 0% finance. If necessary you are probably better off arranging finance independently.