And risk is loaded on to the customer, if the price of the car collapses then no equity left, smoke and mirrors springs to mind on many of these finance deals.
Tim Tim
RRS sold and replaced with a Skoda Kodiaq after appalling RR Dealer experience and LR inability to supply new cars in any sort of reasonable time frame..

timhum wrote:

RRSman wrote:

Red Merle wrote:

RRSman wrote:

Back to topic though - I personally think this is a VERY bad move for JLR - not many people will be upgrading or changing to another RR or RRS with these prices and lease prices - it's ridiculous

I’ve got no reason to study the prices from the volume manufacturers, but the last time that I looked at the price of a 3 Series, it had risen above and beyond the price of something half decent We can have a pop at LR for raising prices but, comparing like with like, I suspect we’re going to find the same in terms of pricing and finance rates with any comparable company.

Who buys a 3 series in todays day and age? I currently pay £280 a month on a 520d M sport (2018) 10k miles per annum over 24 months and the car is worth £45k. Someone would be mad to buy it with leases so cheap.

The new A Class in AMG line trim can be had for £150 a month over 24 months too.

How much deposit is required to get that monthly payment?
thanks
Tim

PS you guys might now spend your entire Easter Sunday looking at insale lease deals on cars!! Contract hire deals are pretty stupidly cheap at the moment on a variety of cars!

timhum wrote:

Just answered my own question by using the BMW calculator. On a 520 m valued at £40,520.00 over 24 months with an APR of 4.9 the deposit is £13,900 to give a monthly payment of £281.78. The real cost per month is therefore £281.78 plus the deposit divided by 24 which is £589.16 giving a total of £870.94 not quite as cheap as claimed.
So many people seem to forget to factor in their deposit when they're looking at their repayment costs.
Tim

RRSman wrote:

timhum wrote:

RRSman wrote:

Red Merle wrote:

RRSman wrote:

Back to topic though - I personally think this is a VERY bad move for JLR - not many people will be upgrading or changing to another RR or RRS with these prices and lease prices - it's ridiculous

I’ve got no reason to study the prices from the volume manufacturers, but the last time that I looked at the price of a 3 Series, it had risen above and beyond the price of something half decent We can have a pop at LR for raising prices but, comparing like with like, I suspect we’re going to find the same in terms of pricing and finance rates with any comparable company.

Who buys a 3 series in todays day and age? I currently pay £280 a month on a 520d M sport (2018) 10k miles per annum over 24 months and the car is worth £45k. Someone would be mad to buy it with leases so cheap.

The new A Class in AMG line trim can be had for £150 a month over 24 months too.

How much deposit is required to get that monthly payment?

thanks
Tim

You guys seem to be confusing PCP deals vs Contract Hire deals. Look on leasing.com and you will see the deals available. I paid £280x6 as a deposit so £1680 as deposit on contract hire to get this deal.

And don't forget the big discounts on new BMWs. My 535d listed over 60k new with the options but I paid mid 40k.

I would get a new version in a heartbeat bu they aren't doing one in the new 5 series, only 530d and 520 or a petrol 540iX.

I got over 60mpg on a 40 mile motorway journey recently!

Dave MY16 3.0 SDV6 Autobiography in Aleutian silver, stealth pack and toys.

All I can say is that my 2016 £74 k HSE Dynamic is now, to the same spec, £89k !  MY2016 HSE D SDV6 - gone due to fuel dilution problems.

By the age of 50 you have the face you deserve - George Orwell.

RRSman wrote:

timhum wrote:

Just answered my own question by using the BMW calculator. On a 520 m valued at £40,520.00 over 24 months with an APR of 4.9 the deposit is £13,900 to give a monthly payment of £281.78. The real cost per month is therefore £281.78 plus the deposit divided by 24 which is £589.16 giving a total of £870.94 not quite as cheap as claimed.
So many people seem to forget to factor in their deposit when they're looking at their repayment costs.
Tim

Thats PCP buddy not contract hire! Contract hire deals are HEAVILY subsidised by a number of manufacturers with targets to hit so they presell to lease companies who hand out cars at ridiculous rates!

No problem Tim always happy to help where I can

I’m not too sure how the Contract Hire Game works in detail but at times there are insane deals available on a wide range of cars from different manufacturers. Usually the big three Germans (Audi,BMW and Mercedes) have the best deals going on various models.

A couple of years back BMW were literally handing out M5’s at around £450 a month! There was also a time when folks got 635d M sports for £300 a month! Those deals were subsided by BMW to hit their own targets of sorts.

At other times it’s usually dealers who sell stock on the cheap to leasing companies to hit targets. That’s why at times the deals only last for say 5-10 cars..when they gone they gone.

There is a very good thread on pistonheads where the guys there post the best going deals. Few months back many got an ipace for under £400 a month!

i have tried to get dealers to match contract hire deals but most of the time they can’t believe the rates and just tell me to do one!

I am not sure how contract hire companies make their money but guess they get a cut from the dealers but many do charge a £200-£399 arrangement fee.

Re the configurator is it not possible that they have got it wrong? Similar things happened when the 18.5 / 19 and 19.5 all came out options that were included diapered and don't forget the £3k massage seats up from £800. I think this was also reflected in the brochure as it's all from the same data source.

Given the issues we have with the software on our cars I always take the configurator software with a pinch of salt!

Re PCP residuals, I expect they are preparing for the replacement model as that will effect the residuals.

You make a valid point Jonathan however on this occasion I don't think it's an error as the prices have gone up irrespective of the options. The new sport is not due until at least 2021 (FFRR 2020) so adjusting the prices on PCP now makes no sense.

RRSman is right on the PCH/BCH deals as they are sold in bulk allotments to the lease companies or direct simply to beat other manufacturers per month figures so its a race to the bottom. Things get silly when you start adding options to the base car though.

Also with PCH/BCH there is no get out - you are in that car until the end of the term with no way out unless you pay a significant amount to get out early.

With that being said if you manage the length right.

CarpeDrive.com for example do 12 month unlimited mileage contracts including insurance and are owned by the same company that own JLR, never used them but they look interesting for another ownership perspective, prices are through the roof though.

Hi Dangermouse,

You can get out of a contract hire deal mid term. I have a 24 month contract on the 5 series but after 12 months I asked if I can hand the car back and there was a small penalty £200 but I could

Oh nice!

I guess it must depend a lot on the company then as my mate had one with Mercedes Benz UK and they said either complete the entire term or pay for the entire term minus something ridiculous like 5%!!!

But if you have that clause thats amazing, I guess it is very car dependant.

That's correct - BMW (Alphabet) certainly seem more pragmatic than Mercedes.