MINI2

Mini-Trainer · Apr 24th, 2007, 10:40 PM

I'm toying with the idea of selling my car and getting a lease vehicle, has anybody ever leased one before?
It seems the maximum allowed mileage is 10,000 per annum, I'm looking at either Audi TT Roadster, Nissan 350z, or a BMW Z4.
I'm self employed so I don't know whether I'd be able to claim tax back?

Now I know I'm moving away from the Mini, but I took a test drive of the new one yesterday and didn't like it at all.
Very disappointing.
Mine has done 80,000 miles in 43 Months thats just over 3 and half years old.

Does anyone know where it's best to lease, over 10,000 miles per annum and whether this is the best route for me?

Many thanks

Rams

Scrogg · Apr 24th, 2007, 10:46 PM

Who told you that the maximum mileage is 10,000 per annum Rams?

I've supplied loads of cars on various different types of Lease over the years (granted, never to individuals, only companies) and annual mileage allowances of 20 or even 30k are common.

Mini-Trainer · Apr 24th, 2007, 10:51 PM

Quote: Originally Posted by Scrogg (original)

Who told you that the maximum mileage is 10,000 per annum Rams?

I've supplied loads of cars on various different types of Lease over the years (granted, never to individuals, only companies) and annual mileage allowances of 20 or even 30k are common.

I've just scanned through a handfull of sites (*about 8) and most of them are stipulating 10,000 miles per annum.
I mostly use my car for going back anf forth to individauls houses and or Gym based visits.

Scrogg · Apr 24th, 2007, 10:59 PM

10k is the 'default' mileage they use when quoting examples of monthly payments.

I'm sure if you go into it in more detail and get a quote tailored to the car you actually want you'll find a much more suitable package.

Drewski · Apr 25th, 2007, 11:55 AM

Contract Hire & Car Leasing UK - Car Lease - Car Leasing Offers

jkjn · Apr 25th, 2007, 12:02 PM

You could try Car Leasing, PCP, Lease Cars, Contract & Lease Hire from Ling at LINGsCARS

I saw her on Dragons den and she seems to be doing quite well. Nissan 350z convertible 20K pa at £515 a month

Tigger, Eeyore & Roo · Apr 25th, 2007, 12:30 PM

Oh dear. Another new MINI test driven and another person moving on to something else

Bear in mind that prices quoted may be subject to VAT. Even if you are VAT registered you are restricted to claiming only 50% of the VAT back. Ensure that you set up a realistic annual mileage and make sure that any penalty charges for exceeding that mileage are reasonable.

Only enter into this sort of agreement if you know it is very likely that you will be seeing it through to the end, otherwise it's going to be very expensive to leave it part way through.

Tigger.

northandy · Apr 25th, 2007, 02:24 PM

Quote: Originally Posted by Tigger, Eeyore & Roo (original)

Oh dear. Another new MINI test driven and another person moving on to something else

Bear in mind that prices quoted may be subject to VAT. Even if you are VAT registered you are restricted to claiming only 50% of the VAT back. Ensure that you set up a realistic annual mileage and make sure that any penalty charges for exceeding that mileage are reasonable.

Only enter into this sort of agreement if you know it is very likely that you will be seeing it through to the end, otherwise it's going to be very expensive to leave it part way through.

Tigger.

Good points on the seeing the contract through

but if you get a maintained car you can claim all the vat on the maintenance element of the lease payment... and then 50% of the vat on the lease.

The big advantage is theres no risk of massive depreciation leaving you in a negative equity situation, and it frees up and cash you have in your car for other uses...

Mini-Trainer · Apr 25th, 2007, 02:53 PM

Thanks Guys I'll take a look at both those sites

Parc77 · Apr 25th, 2007, 06:36 PM

Looked into this a couple of years ago and was going to do it with BMW for a 3.0 Z4, the mileage was not an issue for over 10,000, 10,000 miiles just gives you a good idea of average cost. The only things I would have had to pay were consumables, managed to get all the servicing thrown in for free.
However as you know Rams, my circumstances changed and my car clocks up less mileage now (only used on weekends) so is just a fun toy now.

antonyc31 · Apr 26th, 2007, 08:51 AM

Quote:

"The big advantage is theres no risk of massive depreciation leaving you in a negative equity situation,"

Oh you still get the massive depreciation with leasing, just spread out and for some people more easy to manage

regards

Antony

Apr 24th, 2007, 10:40 PM	#1
Mini-Trainer Morph-a-Doodle My Classifieds Join Date: Mar 2004 Location: Shakey Wakey!! Local Time: 02:08 AM Posts: 3,002 Offline	Have you ever leased a Car? I'm toying with the idea of selling my car and getting a lease vehicle, has anybody ever leased one before? It seems the maximum allowed mileage is 10,000 per annum, I'm looking at either Audi TT Roadster, Nissan 350z, or a BMW Z4. I'm self employed so I don't know whether I'd be able to claim tax back? Now I know I'm moving away from the Mini, but I took a test drive of the new one yesterday and didn't like it at all. Very disappointing. Mine has done 80,000 miles in 43 Months thats just over 3 and half years old. Does anyone know where it's best to lease, over 10,000 miles per annum and whether this is the best route for me? Many thanks Rams MINI Test Vid - Google Video New MINI JCW Test Drive... My Sharona R56 JCW Vs R53 JCW :-http://www.vimeo.com/1212517

Apr 24th, 2007, 10:51 PM	#3 (permalink)
Mini-Trainer Morph-a-Doodle My Classifieds Join Date: Mar 2004 Location: Shakey Wakey!! Local Time: 02:08 AM Posts: 3,002 Offline	Quote: Originally Posted by Scrogg (original) Who told you that the maximum mileage is 10,000 per annum Rams? I've supplied loads of cars on various different types of Lease over the years (granted, never to individuals, only companies) and annual mileage allowances of 20 or even 30k are common. I've just scanned through a handfull of sites (about 8) and most of them are stipulating 10,000 miles per annum. I mostly use my car for going back anf forth to individauls houses and or Gym based visits. MINI Test Vid - Google Video New MINI JCW Test Drive... My Sharona R56 JCW Vs R53 JCW :*-http://www.vimeo.com/1212517

Apr 25th, 2007, 12:30 PM	#7 (permalink)
Tigger, Eeyore & Roo I'm Back! My Classifieds Join Date: May 2004 Location: Kernow, near England Local Time: 02:08 AM Posts: 4,572 Offline	Oh dear. Another new MINI test driven and another person moving on to something else Bear in mind that prices quoted may be subject to VAT. Even if you are VAT registered you are restricted to claiming only 50% of the VAT back. Ensure that you set up a realistic annual mileage and make sure that any penalty charges for exceeding that mileage are reasonable. Only enter into this sort of agreement if you know it is very likely that you will be seeing it through to the end, otherwise it's going to be very expensive to leave it part way through. Tigger. Unintimated and I'm back!! For sunshine, fun and Cornish Pasties: New MINI Kernow Cornish Oggy Run 2009!

Apr 25th, 2007, 02:53 PM	#9 (permalink)
Mini-Trainer Morph-a-Doodle My Classifieds Join Date: Mar 2004 Location: Shakey Wakey!! Local Time: 02:08 AM Posts: 3,002 Offline	Thanks Guys I'll take a look at both those sites MINI Test Vid - Google Video New MINI JCW Test Drive... My Sharona R56 JCW Vs R53 JCW :-http://www.vimeo.com/1212517

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Apr 24th, 2007, 10:46 PM	#2 (permalink)
Scrogg Home Alone Join Date: Jul 2006 Location: Gloucester Local Time: 02:08 AM Posts: 16,600 Offline	Who told you that the maximum mileage is 10,000 per annum Rams? I've supplied loads of cars on various different types of Lease over the years (granted, never to individuals, only companies) and annual mileage allowances of 20 or even 30k are common.

Apr 24th, 2007, 10:59 PM	#4 (permalink)
Scrogg Home Alone Join Date: Jul 2006 Location: Gloucester Local Time: 02:08 AM Posts: 16,600 Offline	10k is the 'default' mileage they use when quoting examples of monthly payments. I'm sure if you go into it in more detail and get a quote tailored to the car you actually want you'll find a much more suitable package.

Apr 25th, 2007, 11:55 AM	#5 (permalink)
Drewski ? Join Date: Jul 2006 Location: Guildford Local Time: 03:08 AM Posts: 118 Offline	Contract Hire & Car Leasing UK - Car Lease - Car Leasing Offers

Apr 25th, 2007, 12:02 PM	#6 (permalink)
jkjn MINI2 Regular Join Date: Apr 2006 Location: Midlands Local Time: 02:08 AM Posts: 227 Offline	You could try Car Leasing, PCP, Lease Cars, Contract & Lease Hire from Ling at LINGsCARS I saw her on Dragons den and she seems to be doing quite well. Nissan 350z convertible 20K pa at £515 a month

Apr 25th, 2007, 02:24 PM	#8 (permalink)
northandy AWOL My Classifieds Join Date: Jan 2003 Local Time: 02:08 AM Posts: 14,328 Offline	Quote: Originally Posted by Tigger, Eeyore & Roo (original) Oh dear. Another new MINI test driven and another person moving on to something else Bear in mind that prices quoted may be subject to VAT. Even if you are VAT registered you are restricted to claiming only 50% of the VAT back. Ensure that you set up a realistic annual mileage and make sure that any penalty charges for exceeding that mileage are reasonable. Only enter into this sort of agreement if you know it is very likely that you will be seeing it through to the end, otherwise it's going to be very expensive to leave it part way through. Tigger. Good points on the seeing the contract through but if you get a maintained car you can claim all the vat on the maintenance element of the lease payment... and then 50% of the vat on the lease. The big advantage is theres no risk of massive depreciation leaving you in a negative equity situation, and it frees up and cash you have in your car for other uses...

Apr 25th, 2007, 06:36 PM	#10 (permalink)
Parc77 MINI2 Master Join Date: Aug 2003 Location: Yorkshire Local Time: 02:08 AM Posts: 2,345 Offline	Looked into this a couple of years ago and was going to do it with BMW for a 3.0 Z4, the mileage was not an issue for over 10,000, 10,000 miiles just gives you a good idea of average cost. The only things I would have had to pay were consumables, managed to get all the servicing thrown in for free. However as you know Rams, my circumstances changed and my car clocks up less mileage now (only used on weekends) so is just a fun toy now.

Apr 26th, 2007, 08:51 AM	#11 (permalink)
antonyc31 MINI2 Newbie Join Date: Nov 2006 Local Time: 09:08 PM Posts: 44 Offline	Quote: "The big advantage is theres no risk of massive depreciation leaving you in a negative equity situation," Oh you still get the massive depreciation with leasing, just spread out and for some people more easy to manage regards Antony

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