Thank you so much! I’ve been getting myself in a state over worrying about the car - no accidents, but three very young grandchildren being ferried about hasn’t left it in ‘mint’ condition. I feel much better now.
Every time I’ve handed a lease car back it’s been clean enough to put straight on to the showroom forecourt. I can’t help it 😫. Your car is clean in normal car terms. One delivery/collection driver remarked that some cars he’s collected have been so filthy he hadn’t wanted to drive them. Wheels are very flexible, when I’ve thought I’d be charged for curb rash & scrapes I haven’t. Good video.
Yeah, the S5 wasn't properly manky but it just highlights that it's not as clean as it would be if you were to sell it and show it to its best. Hopefully this will save you some time the next time you hand your car back!
Every time I’ve handed a lease back they’ve tried to fleece the crap outta me with charges. My current lease ends in 6 months and I’ve already decided same shits gunna happen so am just buying a car
When lex took my immaculate car back they charged me £171 .damage but i am old so the perfect target to be ripped off here is another company experience ....We used them for our work fleet years ago and they tried in on a few times, we refused to pay and they just waived the charges. We then moved to Arval for the work fleet who were always fair.
I've just had my end of lease inspection and it pretty much reflects the experience in this video. My car did have marks, a scuff on the alloy (about 10cm long) and a scuff to the plastic trim on the bumper. It wasn't perfect there are little marks here and there, It got a wash and vac with its 3 year service and MOT about a week ago, I didn't do anything other than that to prep it and despite the items above there were no additional charges. It was the end of my first lease and it was really straightforward, all done and dusted in 30 mins.
There are very clear BVRLA guidelines stating what is acceptable. The whole point of this video was to highlight that a door ding, a few superficial scratches, some chips on the alloys, paint crazing, and not the cleanest car is not going to get you any charges. It's not an immaculate car but then again, it's fairly reflective of life just getting in the way of keeping it mint. As for door dings 🤬
Thanks for the video. I have my first lease car atm so good to have some understanding of what is and isn’t chargeable when I hand it back in a few years time :)
A lot of haters on here, it’s okay being a single guy and keeping your car in immaculate condition; throw work, kids & dogs into the mix and it’s a different story.
Leaseloco Happy to share my experience of leasing for all to hear! I freely admit that I’m sure not every leasing company is the same however. Perhaps you may wish to adjust your social media comms strategy? 🤣
Good thing I bought my car outright. Criminals keyed the entire right side of my car and an idiot Mercedes driver rear ended me. I assume an assesser would charge me hundreds for both.
Why assume? The whole point of this video was to show that you don't get shafted when you hand your car back on a lease. In fact, the charges are more often than not a) cheaper than it would be to have it repaired yourself, and b) less than what a buyer would price chip you for trying to sell the car on with the damage.
@@MosherMike It depends on the funder but in this case, the car was leased through VWFS. There is a very clear cost guide on their website - www.vwfinance.co.uk/en/privatecustomers/how_agreements_work/contract_hire/at_the_end_of_agreement.html You'll see it's £110.40+VAT for a scratched/keyed panel. Unlikely that you would be able to get it professionally repaired for that so very reasonable.
@@Leaseloco What was your experience with VWFS? Are they a good company? My Mum has just taken out a PCH agreement with them and there’s a few bad reviews online.
@@e30fan7 mortgage is different u need a place to live u dont need the most recent car , a car is a status symbol , and a morgate would be my last resort
What!? There’s no excuse for treating your car like that. Funnily enough, I have a 67 plate S5 Sportback aswell, and I would NEVER, ever, ever treat my car like that. I have 3 kids, that’s no excuse... I look after my things. Then again, I buy my cars, so maybe if you actually work for something then you have more respect for it... rather than renting a car you can’t afford 🤷🏻♂️
So I pay all of the deprecation to a finance company, who then take “my” car off me as their asset after years of pointless monthly instalments, which they’ll then sell on for a profit? No thanks. Oh, then I’m expected to start the process again. A logical person asks how much, not how much a month. Leasing is for wannabes, you’ll never take advantage of your money if you throw your disposable monthly income away.
@@jacobthompson8507 That's not how it works at all. Take this BMW 4 series for example, www.leaseloco.com/car-leasing/bmw/4-series-gran-coupe/420i-m-sport-5dr-auto-professional-media/89233142. This is a £37,795 list price car but you can lease it for £7,799.35 all in over two year. Even includes road tax. What would you get on trade in on that car after two years? More than £30k? Obviously not. In fact, I just put the reg into WBAC for a car advertised on Autotrader. The car is a higher spec (Reg YH18 FVS) but the trade in value is £19k. Would you even get £19k after they kick the tyres? Who knows. That's an 18 plate car with 13k miles on it. Not even covering the 20k miles and two years the lease gives you. Anyway, nearly £19k of depreciation. So you're right, ask 'how much', not how much a month. But do the maths and you'll quickly realise if you want a new car it's the cheapest way to get one, especially compared to buying outright. Hope that helps in some way 😃
I’ve never returned a leased car, I sell them 6 months before they are due in. This is a personal preference and I get to make money in the process but I appreciate that rules vary from country to country. Here in the UK I’ve always sold my leased car before the depreciation takes a nose dive. I only buy Mercedes though . I presume a Renault or a Ford would leave you in a massive negative equity straight out of showroom so it wouldn’t be ideal to sell them privately.
We're talking about slightly different things here - you have a PCP where you're the legal owner. This is Personal Contract Hire (Leasing), whereby you're always going to have an inspection. Right to buy is very rare and almost never economical.
That's just sheer laziness and neglect of a nice car...your kids obviously have no respect for nice things....suppose it's just the modern way nowadays.
I imagine leased car assorts get paid commission or at least judged on how much they make off people? So they will charge for every chip to make more money. Leasing is a fools game.
I'd just do what he did a quick 10 minutes hoover of the car interior and boot space if you have carpeted boot just so it's clean enough for Inspection and a quick rinse of the outside bodywork with my jet wash don't go in detail they valet the car interior and exterior to prep it for sale
To be fair, you are 3/4 right. However the depreciation on a new car you only want to keep for 2/3 years makes leasing the least worst option. I see why people do it.
This looks fake,. This is the channel of a leasing related company. Shows a battered car getting no charges, trying to make the dreaded return process look stress free when we all know it’s not.
Definitely not fake :) If I had charges, I'd have said so as it would have made a better video as charges are almost always way less than people think. For example, I crashed my wife's car into a fence and didn't repair it - deep scratches across bumper and wing, and cracked wheel arch. £55+VAT. We did this video to show people that it's not a scary process and is pretty well controlled by the BVRLA. Given the savings made leasing, we're just trying to educate people on some of these misnomers like 'I'm going to get shafted on damage costs. It's just not the case.
@@Dubzylife - I've given back 3 cars all leased and all in amazing condition for 3 years old. two of those three times the finance company tried to fraudulently charge me £100's for damage that wasn't there (proved as I took 4k video) and missing keys that I gave back (again proved as I took pictures). have a look at leasing finance company reviews on Trustpilot (Lex Autolease or Leaseplan UK for example) and look at the awful ratings they get from hundreds of disgruntled customers. Absolutely shocking behaviour, my current car is leased but will be the last time.
@@lawrencetaylor4318 I'd say your experience isn't generally consistent with others. Sure, there are people who have bad experiences and they take to a public platform like Twitter or TP to try and get it resolved. But leasing has grown by 25% every year for the last 4 years and that's not by accident. I haven't leased with LeasePlan but my personal experience with Lex has been excellent. 4 series was a mess, bonnet looked like it had been hit with a shotgun, alloys marked (within limits), a couple of door dings, rear parking scuffs, and generally not clean. Guy did his checks and within 10 mins I had a pdf emailed to me confirming a clean bill of health and no charges. Forum chatter elsewhere makes me believe this is consistent with others. And when charges have occurred, they have been lower than a cost to repair themselves so, again, people left happy either way.
Thank you so much! I’ve been getting myself in a state over worrying about the car - no accidents, but three very young grandchildren being ferried about hasn’t left it in ‘mint’ condition. I feel much better now.
Every time I’ve handed a lease car back it’s been clean enough to put straight on to the showroom forecourt. I can’t help it 😫. Your car is clean in normal car terms. One delivery/collection driver remarked that some cars he’s collected have been so filthy he hadn’t wanted to drive them. Wheels are very flexible, when I’ve thought I’d be charged for curb rash & scrapes I haven’t. Good video.
Yeah, the S5 wasn't properly manky but it just highlights that it's not as clean as it would be if you were to sell it and show it to its best. Hopefully this will save you some time the next time you hand your car back!
Leaseloco I can’t help it I keep my cars clean like new even when I return them. 😫😃
Every time I’ve handed a lease back they’ve tried to fleece the crap outta me with charges. My current lease ends in 6 months and I’ve already decided same shits gunna happen so am just buying a car
Your cars a dogs mess. Some people really don’t respect a nice car
Lol 😂 I agree . I would have been embarrassed to hand it back like that , really he should be ashamed .
When lex took my immaculate car back they charged me £171 .damage but i am old so the perfect target to be ripped off here is another company experience ....We used them for our work fleet years ago and they tried in on a few times, we refused to pay and they just waived the charges. We then moved to Arval for the work fleet who were always fair.
I've just had my end of lease inspection and it pretty much reflects the experience in this video.
My car did have marks, a scuff on the alloy (about 10cm long) and a scuff to the plastic trim on the bumper. It wasn't perfect there are little marks here and there, It got a wash and vac with its 3 year service and MOT about a week ago, I didn't do anything other than that to prep it and despite the items above there were no additional charges. It was the end of my first lease and it was really straightforward, all done and dusted in 30 mins.
Great to hear Tony 👍
No charges was the accesser blind ,for a 2 year old motor it's a crap condition
There are very clear BVRLA guidelines stating what is acceptable. The whole point of this video was to highlight that a door ding, a few superficial scratches, some chips on the alloys, paint crazing, and not the cleanest car is not going to get you any charges. It's not an immaculate car but then again, it's fairly reflective of life just getting in the way of keeping it mint. As for door dings 🤬
Thanks for the video. I have my first lease car atm so good to have some understanding of what is and isn’t chargeable when I hand it back in a few years time :)
Great, glad it's been useful 😃
Ignore the haters. I'd always lease a car. The hassle with unreliability of used cars over the years have caused too much stress.
A lot of haters on here, it’s okay being a single guy and keeping your car in immaculate condition; throw work, kids & dogs into the mix and it’s a different story.
BVRLA state that you must have you car valeted before inspection. Is this just nonesense? Can someone please advise?
In my experience - yes for every last minute detail. Would never lease again due to my experience.
Jiberish
Leaseloco Happy to share my experience of leasing for all to hear! I freely admit that I’m sure not every leasing company is the same however. Perhaps you may wish to adjust your social media comms strategy? 🤣
That motor is in bits.. Who was the assessor stevie wonder???
Good thing I bought my car outright. Criminals keyed the entire right side of my car and an idiot Mercedes driver rear ended me. I assume an assesser would charge me hundreds for both.
Why assume? The whole point of this video was to show that you don't get shafted when you hand your car back on a lease. In fact, the charges are more often than not a) cheaper than it would be to have it repaired yourself, and b) less than what a buyer would price chip you for trying to sell the car on with the damage.
@@Leaseloco what's the average cost for a key scratch stretching from the rear wheel to the front wing mirror?
@@MosherMike It depends on the funder but in this case, the car was leased through VWFS. There is a very clear cost guide on their website - www.vwfinance.co.uk/en/privatecustomers/how_agreements_work/contract_hire/at_the_end_of_agreement.html You'll see it's £110.40+VAT for a scratched/keyed panel. Unlikely that you would be able to get it professionally repaired for that so very reasonable.
@@Leaseloco What was your experience with VWFS? Are they a good company? My Mum has just taken out a PCH agreement with them and there’s a few bad reviews online.
Will they check brakes?
"My audi s5" It was never yours
"Do we ever really own anything" Plato c.415 BC
@@Leaseloco yes , it's called saving up and buying not leasing ,u must be confused
mark max by that logic you don’t agree with mortgages either?
@@e30fan7 mortgage is different u need a place to live u dont need the most recent car , a car is a status symbol , and a morgate would be my last resort
mark max exactly and he probably drives like a twat thinking he’s a boss but he really can’t even afford it 😂
What!? There’s no excuse for treating your car like that. Funnily enough, I have a 67 plate S5 Sportback aswell, and I would NEVER, ever, ever treat my car like that.
I have 3 kids, that’s no excuse... I look after my things.
Then again, I buy my cars, so maybe if you actually work for something then you have more respect for it... rather than renting a car you can’t afford 🤷🏻♂️
£28k of depreciation vs. £14k of lease payments over the term. Hope you're enjoying the car though :)
Leaseloco is the £14k difference due to the lack of respect you gave the car whilst renting it?
@@reecejones7215 Lol, it's from putting the reg into WBAC and seeing what the car's trade in value is.
So I pay all of the deprecation to a finance company, who then take “my” car off me as their asset after years of pointless monthly instalments, which they’ll then sell on for a profit? No thanks. Oh, then I’m expected to start the process again.
A logical person asks how much, not how much a month.
Leasing is for wannabes, you’ll never take advantage of your money if you throw your disposable monthly income away.
@@jacobthompson8507 That's not how it works at all. Take this BMW 4 series for example, www.leaseloco.com/car-leasing/bmw/4-series-gran-coupe/420i-m-sport-5dr-auto-professional-media/89233142. This is a £37,795 list price car but you can lease it for £7,799.35 all in over two year. Even includes road tax. What would you get on trade in on that car after two years? More than £30k? Obviously not. In fact, I just put the reg into WBAC for a car advertised on Autotrader. The car is a higher spec (Reg YH18 FVS) but the trade in value is £19k. Would you even get £19k after they kick the tyres? Who knows. That's an 18 plate car with 13k miles on it. Not even covering the 20k miles and two years the lease gives you. Anyway, nearly £19k of depreciation. So you're right, ask 'how much', not how much a month. But do the maths and you'll quickly realise if you want a new car it's the cheapest way to get one, especially compared to buying outright. Hope that helps in some way 😃
The paint must be really thin. Serious amount of chips
Yeah, not great, is it!
c.21k miles for handing back.
I’ve never returned a leased car, I sell them 6 months before they are due in. This is a personal preference and I get to make money in the process but I appreciate that rules vary from country to country. Here in the UK I’ve always sold my leased car before the depreciation takes a nose dive. I only buy Mercedes though . I presume a Renault or a Ford would leave you in a massive negative equity straight out of showroom so it wouldn’t be ideal to sell them privately.
We're talking about slightly different things here - you have a PCP where you're the legal owner. This is Personal Contract Hire (Leasing), whereby you're always going to have an inspection. Right to buy is very rare and almost never economical.
That's just sheer laziness and neglect of a nice car...your kids obviously have no respect for nice things....suppose it's just the modern way nowadays.
@@man-on-the-tube 🙈🙉🙊😂😂😂
I imagine leased car assorts get paid commission or at least judged on how much they make off people? So they will charge for every chip to make more money. Leasing is a fools game.
Good job it's just your imagination then 😉
You don't know anything about leasing car mate , so keep your opinion to yourself .
Trashed!!!!
Brilliant thanks
Man seriously just get some detol wipes and wipe the mud and sweats which would take "10 seconds" aswell... or you know get a valet.
I'd just do what he did a quick 10 minutes hoover of the car interior and boot space if you have carpeted boot just so it's clean enough for Inspection and a quick rinse of the outside bodywork with my jet wash don't go in detail they valet the car interior and exterior to prep it for sale
This is why dealers get shit cars. People have no common decency for property not even their own. I have a 2013 Kia in better nic
Don't buy expensive cars,is not worth it
100%. Leasing is a much more cost effective way to drive a new car 😎
Haha this cars been awfully abused
Lease car are a rip off ! Only for people who cant buy outright !
Prick
Twat
To be fair, you are 3/4 right. However the depreciation on a new car you only want to keep for 2/3 years makes leasing the least worst option. I see why people do it.
You couldn’t be any more wrong. Absolute idiot
Old fashioned view
This looks fake,. This is the channel of a leasing related company. Shows a battered car getting no charges, trying to make the dreaded return process look stress free when we all know it’s not.
Definitely not fake :) If I had charges, I'd have said so as it would have made a better video as charges are almost always way less than people think. For example, I crashed my wife's car into a fence and didn't repair it - deep scratches across bumper and wing, and cracked wheel arch. £55+VAT. We did this video to show people that it's not a scary process and is pretty well controlled by the BVRLA. Given the savings made leasing, we're just trying to educate people on some of these misnomers like 'I'm going to get shafted on damage costs. It's just not the case.
@@Dubzylife - I've given back 3 cars all leased and all in amazing condition for 3 years old. two of those three times the finance company tried to fraudulently charge me £100's for damage that wasn't there (proved as I took 4k video) and missing keys that I gave back (again proved as I took pictures). have a look at leasing finance company reviews on Trustpilot (Lex Autolease or Leaseplan UK for example) and look at the awful ratings they get from hundreds of disgruntled customers. Absolutely shocking behaviour, my current car is leased but will be the last time.
@@lawrencetaylor4318 I'd say your experience isn't generally consistent with others. Sure, there are people who have bad experiences and they take to a public platform like Twitter or TP to try and get it resolved. But leasing has grown by 25% every year for the last 4 years and that's not by accident. I haven't leased with LeasePlan but my personal experience with Lex has been excellent. 4 series was a mess, bonnet looked like it had been hit with a shotgun, alloys marked (within limits), a couple of door dings, rear parking scuffs, and generally not clean. Guy did his checks and within 10 mins I had a pdf emailed to me confirming a clean bill of health and no charges. Forum chatter elsewhere makes me believe this is consistent with others. And when charges have occurred, they have been lower than a cost to repair themselves so, again, people left happy either way.