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Thread: Car Leasing

  1. #1
    Journeyman
    Join Date
    Jan 2014
    Location
    Harlow Essex
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    178

    Car Leasing

    Apologies if this is a bit basic but my wife has a personal lease on her VW which is up in the new year.

    She's happy to take out another lease but wants to bring the cost down a bit, most of the cars she likes are on factory order.

    How do you make the 2 dates coincide or is it a case of best guess and accepting an overlap or alternatively a period with no car?

    TIA

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  2. #2
    Master mr noble's Avatar
    Join Date
    Mar 2009
    Location
    Cambs
    Posts
    4,680
    Usually your lease company will allow you to extend the date you hand the car back by up to 3 months, sometimes even longer.

    If you order a new car from the same lease company, they’ll sort all this for you.

    If you order a new car from another company, just tell them when your current lease ends and they’ll get the new car to tally up.

  3. #3
    Journeyman
    Join Date
    Jan 2014
    Location
    Harlow Essex
    Posts
    178
    Thanks much appreciated

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  4. #4
    Master
    Join Date
    Jun 2006
    Location
    In the green, green valleys
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    3,632
    Have you or your wife looked to see if your employer has a green car salary sacrifice scheme in place?

    Usually available as part of a flexible / voluntary benefits package. You basically save tax and NI against the monthly deduction. If you or your wife are higher rate tax payers it can definitely work in your favour

    Could make a significant saving

    Paul

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