CarLease UK

Car Leasing & Contract Hire News, Mews & Reviews

In Review; Mercedes A200 AMG Line Premium 5dr Auto (Petrol)

26 November 2018 by phil

Thank you to our existing business leasing customer, a Joinery and Construction business from Wigan (Greater Manchester), for collecting their brand-new car from the CarLease UK team.

Having waited for over a year for their dream A-Class deal to land, the customer was very pleased to welcome one of our “Black Friday Leasing Deals” in the form of the A Class petrol Premium.

When you lease a vehicle, you take it over a fixed term – generally 2, 3 or 4 years. At the end of this term, the vehicle must be returned to the finance company; they will subsequently sell this at an auction. Unlike a PCP arrangements, there is no guaranteed future value/balloon, where the customer is invited to either purchase the car or use it in conjunction with a part-exchange deal (or just return it). With contract hire, the main focus is on returning the car and replacing it (with a new contract or otherwise). However, there is a little flexibility with some finance companies.

As a credit broker, not a lender, we operate alongside a select number of finance companies and they each have a different way of managing customer contracts, including the end of contract process.

In some cases we can offer:

· A formal extension – at the end of the lease, the customer may be able to ask the broker to quote for a 6 or 12 month extension. What happens in practice is that the broker will liaise with the finance company and ask how much per month the vehicle would be if the customer were to keep it for 6 or 12 months and provide them with the mileage which the customer is covering. A formal extension is a great way for a customer to proceed if they enjoy the car they are using and are not in position to commit to another vehicle.

With an extension, there are no initial rentals or deposits to pay, so this can help if you don’t want to make any big upfront commitments.

What customers need to be aware of is that this is a formal process; you will be asked to sign a contract confirming you understand the vehicle will be extended for 6/12 months on a specific mileage and that you will NOT be able to hand it back without a cost penalty. As this is still a formal contact, you would have to early terminate, which means paying an amount equivalent to half of the remaining rentals.

Therefore, think carefully as to how long you want the vehicle for; if you are waiting for an offer to land, then 6 months may be more practical. At the end of a lease extension, the vehicle must be returned and inspected in exactly the same way;

· An informal extension – at the end of the lease, the customer may be able to ask the broker to arrange an informal extension. What happens when you informally extend a lease, is that a broker will confirm with the finance company that you are keeping the vehicle on month to month basis. What price do you pay on an informal extension? This will depend on the finance company. In some cases you will pay your usual monthly rental, so that at the end of the contract, your monthly rentals just carry on.

In other cases, the finance company will work out the overall cost and then apportion the cost appropriately.

If you originally procured the vehicle on a 9 + 23 contract and were paying £200 per month, the finance company would add the number of rentals (i.e. 32) and multiply it by £200. They would then divide this amount (£6400.00) by the contract term (24 months). This would mean you are effectively paying £266.67 per month. How long can I informally extend my car lease? Again, it depends on the finance company. In some cases you can have the vehicle until further notice whereas as others will limit this to a 3 or 6 month maximum. At CarLease UK we charge £150 plus Vat for this service;

· Vehicle purchase – also known as a driver to buy application, this allows (in some cases) the customer to enquire with the finance company about purchasing the vehicle. To confirm, the amount you will be asked to pay will not take into account any previous monthly rentals you have paid. The finance company will effectively provide a market valuation for the vehicle. It will then be up to the customer to either purchase the vehicle or not.

Please do not enter into a contract hire agreement if you are certain you want to purchase a vehicle, as this is a usership-style product. For ownership-style products, consider a PCP or HP.

For the customer here, they entered into an informal extension with the finance company, effectively paying the same amount of money per month. This was ideal, as the customer was happy with the vehicle they were using (to a point) but they knew what they wanted to spend on their next car. Rather than pressure the customer into a vehicle which was not suitable for their needs and requirements, we agreed to informally extend the contract until the new deal launched.

As soon as the deal launched, we arranged collection on the existing vehicle and the new vehicle arrived on the same day. The good thing about the informal extension arrangement is that there is no cost to return the vehicle in the same way as a formal extension.

Mercedes-Benz A CLASS HATCHBACK A200 AMG Line Premium 5dr Auto Car Leasing
Mercedes-Benz A CLASS HATCHBACK A200 AMG Line Premium 5dr Auto Car Leasing Best Deals
Mercedes-Benz A CLASS HATCHBACK A200 AMG Line Premium 5dr Auto Car Leasing Information
Mercedes-Benz A CLASS HATCHBACK A200 AMG Line Premium 5dr Auto Car Leasing Best Offers

In terms of the car shown here, the Mercedes-Benz A CLASS HATCHBACK A200 AMG Line Premium 5dr Auto (Petrol), this is based on the following configuration:

· Mountain Grey Metallic Paint
· Artico leather/Microfibre Dinamica – Black with red stitching
· Light aluminium with longitudinal grain interior trim
· 18″ AMG 5 twin spoke light alloy wheels in titanium grey with highsheen finish
· Advanced navigation pack – A Class

As standard the car includes hard-disk navigation, Bluetooth, rain sensing wipers, active brake assist with forward collision warning with autonomous braking, adaptive brake assist, brake callipers with Mercedes lettering, AMG floor mats, 180 degree rear view camera, active lane keep assist, active park assist with front and rear parking sensors, attention assist, cruise control, 10.25” digital instrument cluster and a 10.25” media display, Mercedes me connect, electrically adjustable and heated door mirrors, body coloured externals, DAB radio, mid-range sound system, diamond radiator grille, LED high performance headlamps, LED lamp, 3-spoke multi-function steering wheel, gearshift paddles on steering wheel, 64 colour ambient lighting, mirror package, seat comfort package, heated front seats and 18” alloy wheels. As the premium is one of the highest specification vehicles, there is very little to add to the vehicle – consider upgrading to a “Premium Plus” for the panoramic roof or add the advanced navigation to the Premium for a perfect A-Class.

In terms of the technical-side, the company car and business users can note the P11d at £31,470.00 and CO2 at 123g/km for company car tax calculations. The 1332CC 7 speed auto petrol engine delivers 53.3 combined MPG, 163ps and 0-62 times of 8 seconds. Service intervals on a petrol a-class are every 12 months or 15,500 miles, whichever lands sooner.

So would the A-Class be your select leasing option? Or would a BMW 1 series, VW Golf or Audi A3 get your business?



Check out the best leasing deals for the Mercedes A Class @CarLease UK – or – read more luxury lease car reviews below.

In Review; Range Rover Velar 2.0 P250 R-Dynamic S 5 Door Auto

2019 Jaguar XJ is Reborn as High Tech Electric Flagship

In Review; Tesla Model S 90kWh Dual Motor 5dr (Auto/ Electric)

In Review; Mercedes GLC Coupe 220d 4Matic Sport Premium 9G-Tronic (Diesel/ Auto)

In Review; BMW 218i M Sport Step Auto

Filed Under: Leasing News Tagged With: 5 door, auto, deals, Executive, family, hatchback, luxury, Mercedes, petrol, prestige, small

In Review; Jaguar iPace 294kW EV400 HSE 90kWh (Auto/ Electric)

All electric cars are ugly and unusable? Surely electric cars are just short-term phase and won’t really catch on? … [Read More...]

In Review; Tesla Model 3 Long Range AWD 4dr (Auto/ Electric)

What is the best electric car to lease in 2019? When is that new Model 3 Tesla ready to price and order? Looking back over … [Read More...]

Best Audi A3 Car Leasing deals

The Best Audi A3 Car Leasing deals

Audi A3 Car Leasing Deals Happy new car day to this Camden-based personal leasing customer. And a big thank you to … [Read More...]

the ultimate electric supercar

Is the Porsche Taycan the ultimate electric supercar?

The Ultimate Electric Supercars are available now Nothing has given the world of EVs more credence, or excitement, than … [Read More...]

Do I need to regularly charge my PHEV

Do I need to regularly charge my PHEV?

Thank you to our business car leasing customer, from Hereford, for sending pictures of their latest fleet addition - the … [Read More...]

Audi PHEV Car Lease

Audi PHEV Car Leasing

Audi PHEV Car Leasing Thank you to our business car leasing customer for allowing our dealership partners, Worcester … [Read More...]

Lease a New Car Before Brexit

Why NOW is the time to lease a new car (before Brexit)!

If you are able to turn your attention away from the COVID/Coronavirus situation for just a moment, you may remember that … [Read More...]

No Deposit Car Leasing

No Deposit Car Leasing – Myth or Real?

Do I have to pay a big deposit when I lease a new car? Firstly, thank you for the pictures of this brand-new BMW 3 … [Read More...]

Find & Follow CarLease UK

search for a lease car

In Review; Jaguar iPace 294kW EV400 HSE 90kWh (Auto/ Electric)

… [Learn More...]

In Review; Tesla Model 3 Long Range AWD 4dr (Auto/ Electric)

… [Learn More...]

In Review; VW Golf 2.0 TDI R-Line 5dr DSG (Diesel/ Auto)

… [Learn More...]

In Review; Tesla Model S 90kWh Dual Motor 5dr (Auto/ Electric)

… [Learn More...]

Best Electric Lease Car Deals 2019 for Company Car Drivers

… [Learn More...]

Best Audi A3 Car Leasing deals

The Best Audi A3 Car Leasing deals

Audi A3 Car Leasing Deals Happy new car day to this … [Read More...]

the ultimate electric supercar

Is the Porsche Taycan the ultimate electric supercar?

The Ultimate Electric Supercars are available … [Read More...]

Do I need to regularly charge my PHEV

Do I need to regularly charge my PHEV?

Thank you to our business car leasing customer, from … [Read More...]

Audi PHEV Car Lease

Audi PHEV Car Leasing

Audi PHEV Car Leasing Thank you to our business … [Read More...]

Lease a New Car Before Brexit

Why NOW is the time to lease a new car (before Brexit)!

If you are able to turn your attention away from the … [Read More...]

No Deposit Car Leasing

No Deposit Car Leasing – Myth or Real?

Do I have to pay a big deposit when I lease a new … [Read More...]

van lease uk promo

CarLease UK, VanLease UK and School Minibus Leasing UK are trading names of CarLease (UK) Ltd,

Call 01942 608 606 or Contact Us

Browse by Manufacturer | Check the Latest Deals | Browse by Type | Get Help & Advice | Areas Covered | News & Car Reviews

Ts&Cs | Privacy Policy | Procedure For Complaints | Information Notice  |  Initial Disclosure Document  | Terms of Business | Sitemap

All images on this website are for illustrative purposes only.

CarLease UK & VanLease UK work alongside a limited number of finance providers who may make payment to us if you enter into an agreement with them. Failure to maintain payments may result in the vehicle being withdrawn.

CarLease (UK) Ltd is Authorised and Regulated by the Financial Conduct Authority FRN 706617. Please note that CarLease (UK) Ltd is a credit broker and are not a lender. | FRN 706617 | BVRLA Membership No. 1471 | Data Protection Reg. ZA088399 | Registered in England 09312506

Copyright 2018 © CarLease (UK) ltd. All Rights Reserved.Registered Office Kings Business Centre, Warrington Road, Leigh, Manchester, WN7 3XG.
Call 01942 608 606 or Contact Us