Our local personal lease customer, from Leigh (Greater Manchester), visited the CarLease team to collect their new vehicle – the Vauxhall Mokka SUV. For some of our Manchester/Liverpool customers (and anything in-between) we offer a facility for them to collect the car from our team and to receive a more personal handover. As many of the cars are delivered by way of “driven delivery”, meaning someone physically drives the car to the customer, certain people can be nervous about the potential for damage and the condition of the vehicle.
To appease any concerns, we simply say to get the car delivered here so we can ensure the car is correct, arrange for it to be valeted and then to hand the vehicle over to them personally. It also provides an opportunity to go through the controls and facts of the car; we appreciate that in a dealership you get a more detailed handover and the car is more closely explained to you. We would much prefer our customers to completely understand the vehicle being delivered to them. Additionally, we give our customers a free bottle of wine for collecting the vehicle by way of thanks!
So do I have to give a big deposit to get a cheap car lease deal? To be clear, the language and terminology we use in the contract hire and leasing industry is slightly different to the rest of the car industry – we say “monthly rental” and not “monthly payment”. We also say “initial rental” and not “deposit”. A deposit will often infer the money will be returned to you; it never is in a car lease or purchase type arrangement! Because customers have become more monthly rental/payment led over the years, dealerships and leasing brokers have used larger upfront commitments to make the monthly prices appear more cost-effective.
When you see a Fiesta for £99 per month or BMW 3 Series for £250 it is more likely that you, or the business, will make an enquiry. This isn’t to say you are not getting a good lease deal, it is more about you understanding how the deal is being presented to you. This is why we use the phrase “total amount payable” with all of our online quotations. Regardless of the initial rental, whether big or small, the overall amount you pay across the term will be similar. It is fundamentally a case of personal preference (or cash-flow) as to which is most suitable for your needs and requirements. If, for example, you have traded a vehicle and have a bigger initial rental, you may consider it better to utilise a smaller monthly rental. But this is not compulsory, as we explain below.
Car Leasing Quotes Explained
The prices advertised on our website are all based on contract hire arrangements and will all be based on an Initial Rental equivalent to six rentals on a spread basis (this is sometimes referred to as “6 Spread” Initial Rental). By way of example, if a price is advertised at £300 per month on a 24 month contract the Initial Rental would be £1800. On this basis, the customer would pay £1800 in month 1 (usually 7-10 days AFTER delivery) and £300 in months 2 – 24. However (subject always to credit) CarLease UK can facilitate other Initial Rental and Payment requests which may better suit the customer’s needs. Please see some of the other options set out below:
- No Initial Rental/Single Initial Rental – for customers with strong credit, this is an opportunity to take a vehicle without any enhanced initial rentals or payments. Taking the example, above if a car was advertised at £300 per month on a no Initial Rental basis, you would simply pay £300 in months 1 – 24;
- Spread Rental (other than 6) – upon request (and subject to the finance / leasing company) CarLease UK can offer an Initial Rental or Initial Payment equivalent to 3,6,9 or 12 times the monthly rental. For example a 12 spread Initial Rental or Payment on a £300 monthly rental would be £3600;
- Enhanced Rental / Payment – upon request (and subject to the finance / leasing company) CarLease UK can offer an Initial Rental or Initial Payment which is specifically catered to the customer; or
- Terminal Pause – this is an alternative method for structuring the Initial Rental. For example, if a customer utilises a terminal pause on a “6 times basis” for a 24 month contract which is advertised at £300 per month, the customer would pay £1800 followed by 18 monthly rentals. In this example, the customer is actually paying for the months upfront. Traditionally this enabled the Customer to utilise a rental holiday before taking a new vehicle.
What makes a deal “cheap” is really down to comparing this with other similar cars and deals you have been offered. Don’t rush into the lower monthly rental or cost as this may not necessarily be the best option for you as we have identified above.
- Metallic Paint – Satin Steel Grey
- Milano cloth – Jet black
- 17 inch silver effect alloy wheels
As standard the car includes 17” alloys, tinted windows, 3-spoke leather steering wheel, emergency brake assist, hill start assist, cruise control, 6-way electrically adjustable passenger, navigation, smartphone integration, electrically adjustable and heated door mirrors, body coloured externals, automatic lighting control, LED daytime running lights, climate control, multi-function steering wheel, illuminated vanity mirrors, immobilizer and alarm. In terms of additional factory options consider the dark tinted windows, the electro pack or upgrade to the elite nav.
On the technical-side company car and business drivers can note the P11d at £21,29000 and CO2 at 157g/km. The 1364CC 6 speed auto petrol engine delivers 41.5 combined (EC), 34.4 (WLTP), 140ps and 0-62 time of 10 seconds. The service intervals are set at every 2 months or 20,000 on a petrol Mokka.
So would this be you select cheap SUV leasing option? Or would the Peugeot 2008, Renault Captur or VW T-Roc be your preference?