BMW 5 Series 520 Saloon 2.0 i 184 M Sport 4Dr Auto 2-Year Lease 8000 Miles £9336  @ mad-sheep.co.uk
157°Expired

BMW 5 Series 520 Saloon 2.0 i 184 M Sport 4Dr Auto 2-Year Lease 8000 Miles £9336 @ mad-sheep.co.uk

102
Found 8th MayEdited by:"phiras"
Never personally purchased a lease car, but as my car is on it's final knees and not worth the repairs, was hoping to finally take the leap into the leasing world as I can see the many benefits this has.

I thought this looked like a decent deal and, as I have no experience, was hoping the comments left by seasoned HUKDers would help me decide whether this was a good deal or not. Hope my calculations are right. Thanks in advance.

Here are the specifics:

Finance details**
Contract term 24 months

Rental profile
9 + 23

Annual mileage
8000

23 monthly rentals of:
£233.78

Initial rental:
£2104.02

Processing fee
£300.00

Finance doc fee
£0.00

Manufacturer RRP:
£39715.00

P11D
£39495.00

Benefit in kind (BIK)
£10269.00

BIK @ 20% tax:
£171.15 pcm

BIK @ 40% tax:
£342.30 pcm
Community Updates
Private users
23 x £280.54
initial rental of £2524.82
processing fee £360

Total over term £9337.28
Mad Sheep Leasing Deals

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Top comments
M-M18 m ago

Each to their own, but I bought a year old astra turbo outright for 10k, …Each to their own, but I bought a year old astra turbo outright for 10k, last year, and that's good enough for me, I couldn't be arsed with that paying up every month to not be the owner, also if you fall ill, with a stroke or something and are no longer able to drive, the leasing company still want you to pay up, as happened to my father in law last year, and to make matters worse, he turned 70 during this period and would not even be able to have his license renewed anyway, so personally I have issues with the deals, but if it works for you, good luck.


You lost me at Astra.
M-M26 m ago

Each to their own, but I bought a year old astra turbo outright for 10k, …Each to their own, but I bought a year old astra turbo outright for 10k, last year, and that's good enough for me, I couldn't be arsed with that paying up every month to not be the owner, also if you fall ill, with a stroke or something and are no longer able to drive, the leasing company still want you to pay up, as happened to my father in law last year, and to make matters worse, he turned 70 during this period and would not even be able to have his license renewed anyway, so personally I have issues with the deals, but if it works for you, good luck.


In three years time your Astra will be worth £5k. So it's cost you £5k plus of course in 2 years you will be out of warranty. And you have to pay road fund license. The biggest issue however is that you have to drive an Astra....
I notice many of these lease hire cars are taken by people who constantly complain they cannot afford their electric bill & I also note the majority of them are the people who get evicted for not paying the rent.
Think...Is it really worth the hassle to keep up with the Jones & live hand to mouth so you can drive a new car?
M-M6 h, 55 m ago

I don't understand why anybody would take out a car on a lease, unless …I don't understand why anybody would take out a car on a lease, unless they where going to pay the remainder and keep the car, as the only winners in this deal is the dealer, they just love the idea of you being limited to a miserable amount of miles so that they get their cars back with the engine not even broken in yet, do yourself a favour and buy the car outright, drive it and enjoy it.


Because the lease will be cheaper than the depreciation alone. You have exactly the same mileage limitations if you buy the car on PCP, that is how they work their sums out.

Buying the car outright will of course avoid the mileage cost, but then you will pay once you sell, based on the mileage/value impact.

I have no idea why anyone would buy a depreciating asset outright.
Edited by: "unknownorigin" 8th May
103 Comments
Don't forget the VAT!
Is it 8000 miles per year? If so that's Not many and that leads to what is the charge per mile over 8000 ?
Looks like a good deal for a 40k car
520i is terrible, such a disappointing engine. Please do not buy this.
unknownorigin7 m ago

Looks like a good deal for a 40k car


It's not a 40k car, it's a £33k car.
With VAT this is cold
ahenners13 m ago

It's not a 40k car, it's a £33k car.



P11D of £39495 ?
@phiras
Youve nadgered this. All your prices are ex.VAT, plus, the T&C’s are so strict with Alphabet (BMW owner lease company) that only a pink unicorn at the end of rainbow will qualify.
Robjh8th May

Is it 8000 miles per year? If so that's Not many and that leads to what is …Is it 8000 miles per year? If so that's Not many and that leads to what is the charge per mile over 8000 ?


Average annual mileage of 4 wheeled vehicles in the UK is 7900.

Never mind the excess mileage charge, as it’s not a good deal to start with and hardly anyone will actually qualify for it.
I don't understand why anybody would take out a car on a lease, unless they where going to pay the remainder and keep the car, as the only winners in this deal is the dealer, they just love the idea of you being limited to a miserable amount of miles so that they get their cars back with the engine not even broken in yet, do yourself a favour and buy the car outright, drive it and enjoy it.
M-M6 h, 55 m ago

I don't understand why anybody would take out a car on a lease, unless …I don't understand why anybody would take out a car on a lease, unless they where going to pay the remainder and keep the car, as the only winners in this deal is the dealer, they just love the idea of you being limited to a miserable amount of miles so that they get their cars back with the engine not even broken in yet, do yourself a favour and buy the car outright, drive it and enjoy it.


Because the lease will be cheaper than the depreciation alone. You have exactly the same mileage limitations if you buy the car on PCP, that is how they work their sums out.

Buying the car outright will of course avoid the mileage cost, but then you will pay once you sell, based on the mileage/value impact.

I have no idea why anyone would buy a depreciating asset outright.
Edited by: "unknownorigin" 8th May
unknownorigin14 m ago

Because the lease will be cheaper than the depreciation alone. You have …Because the lease will be cheaper than the depreciation alone. You have exactly the same mileage limitations if you buy the car on PCP, that is how they work their sums out. Buying the car outright will of course avoid the mileage cost, but then you will pay once you sell based on the mileage/value impact.I have no idea why anyone would buy a depreciating assett outright.


If you do some research and buy a car that holds it's value, then you can sell it on and get most of your money back, also, it might be a good idea to buy a pre-owned car, cos as you rightly mention, it's value has depreciated already, and should reflect on the price you pay.
M-M9 m ago

If you do some research and buy a car that holds it's value, then you can …If you do some research and buy a car that holds it's value, then you can sell it on and get most of your money back, also, it might be a good idea to buy a pre-owned car, cos as you rightly mention, it's value has depreciated already, and should reflect on the price you pay.


The absolute best depreciation is 40% (just under) over 3 years. In this example that would be £16k / £10,666 over the 2 year lease period (this will depreciate more, just using 40% as a conservative example).

So no, this approach does not hold up under scrutiny - and buying a second hand car is not comparable. We are talking about the cheapest way to own a new car.
ILikeJam50 m ago

Average annual mileage of 4 wheeled vehicles in the UK is 7900. Never mind …Average annual mileage of 4 wheeled vehicles in the UK is 7900. Never mind the excess mileage charge, as it’s not a good deal to start with and hardly anyone will actually qualify for it.


Uk average is more like 12,000 per year.
M-M24 m ago

If you do some research and buy a car that holds it's value, then you can …If you do some research and buy a car that holds it's value, then you can sell it on and get most of your money back, also, it might be a good idea to buy a pre-owned car, cos as you rightly mention, it's value has depreciated already, and should reflect on the price you pay.


No new car holds its value well. You will always lose. Yes we have the pre owned discussion every time we have a lease deal.....
unknownorigin16 m ago

The absolute best depreciation is 40% (just under) over 3 years. In this …The absolute best depreciation is 40% (just under) over 3 years. In this example that would be £16k / £10,666 over the 2 year lease period (this will depreciate more, just using 40% as a conservative example).So no, this approach does not hold up under scrutiny - and buying a second hand car is not comparable. We are talking about the cheapest way to own a new car.


Each to their own, but I bought a year old astra turbo outright for 10k, last year, and that's good enough for me, I couldn't be arsed with that paying up every month to not be the owner, also if you fall ill, with a stroke or something and are no longer able to drive, the leasing company still want you to pay up, as happened to my father in law last year, and to make matters worse, he turned 70 during this period and would not even be able to have his license renewed anyway, so personally I have issues with the deals, but if it works for you, good luck.
M-M18 m ago

Each to their own, but I bought a year old astra turbo outright for 10k, …Each to their own, but I bought a year old astra turbo outright for 10k, last year, and that's good enough for me, I couldn't be arsed with that paying up every month to not be the owner, also if you fall ill, with a stroke or something and are no longer able to drive, the leasing company still want you to pay up, as happened to my father in law last year, and to make matters worse, he turned 70 during this period and would not even be able to have his license renewed anyway, so personally I have issues with the deals, but if it works for you, good luck.


You lost me at Astra.
markymark347 m ago

You lost me at Astra.



That'll be because I wasn't talking to you.
M-M26 m ago

Each to their own, but I bought a year old astra turbo outright for 10k, …Each to their own, but I bought a year old astra turbo outright for 10k, last year, and that's good enough for me, I couldn't be arsed with that paying up every month to not be the owner, also if you fall ill, with a stroke or something and are no longer able to drive, the leasing company still want you to pay up, as happened to my father in law last year, and to make matters worse, he turned 70 during this period and would not even be able to have his license renewed anyway, so personally I have issues with the deals, but if it works for you, good luck.


In three years time your Astra will be worth £5k. So it's cost you £5k plus of course in 2 years you will be out of warranty. And you have to pay road fund license. The biggest issue however is that you have to drive an Astra....
markymark347 m ago

In three years time your Astra will be worth £5k. So it's cost you £5k p …In three years time your Astra will be worth £5k. So it's cost you £5k plus of course in 2 years you will be out of warranty. And you have to pay road fund license. The biggest issue however is that you have to drive an Astra....


Troll along now, goodbye.
gpawan49 m ago

Uk average is more like 12,000 per year.


Wrong, Jam is correct.

33764397-FXyNA.jpg
unknownorigin1 h, 31 m ago

Because the lease will be cheaper than the depreciation alone. You have …Because the lease will be cheaper than the depreciation alone. You have exactly the same mileage limitations if you buy the car on PCP, that is how they work their sums out. Buying the car outright will of course avoid the mileage cost, but then you will pay once you sell, based on the mileage/value impact.I have no idea why anyone would buy a depreciating assett outright.


You are talking absolutely garbage........purchasing the car when financed properly, or ideally for cash is far far preferable to leasing.

Replace every 3-5 years, you have an ASSET with a residual value as Capital towards the new car. The outright purchase or loan payments (assuming you can get a low Apr loan, mine is 2.4%):will be significantly lower than leasing option.

Leasing there is only one winner, that is the lessor. They recoup the cost of the car on lease payments and then are handed back a Car, with relatively low mileage which they feed through to second handset dealerships and make a lump sum.

Anyone that thinks leasing is preferable to buying is insane.
unknownorigin1 h, 12 m ago

The absolute best depreciation is 40% (just under) over 3 years. In this …The absolute best depreciation is 40% (just under) over 3 years. In this example that would be £16k / £10,666 over the 2 year lease period (this will depreciate more, just using 40% as a conservative example).So no, this approach does not hold up under scrutiny - and buying a second hand car is not comparable. We are talking about the cheapest way to own a new car.


The industry is set up to support the mathematics of leasing ie significant depreciation hit in first 12-24 months.

The absolute best option for anyone is to buy a low mileage 18-24 month car for cash or in a very low Apr loan less any downpayment.

If you absolutely have to drive a brand spanking new car off the forecourt then agree buying not the best option, but then leasing is equally as **** - it's a case of which is the lesser of two evils. Your depreciation index is broad brush, different manufacturers have different indexes.
M-M22 m ago

Troll along now, goodbye.


Says the person spamming a lease thread with the 'why not buy used' rubbish that appears frequently on lease and PCP deal threads. Actually if you had read my post you would see that your incredibly cheap car will still cost you money as all cars do.
neill.martin4 m ago

You are talking absolutely garbage........purchasing the car when financed …You are talking absolutely garbage........purchasing the car when financed properly, or ideally for cash is far far preferable to leasing. Replace every 3-5 years, you have an ASSET with a residual value as Capital towards the new car. The outright purchase or loan payments (assuming you can get a low Apr loan, mine is 2.4%):will be significantly lower than leasing option.Leasing there is only one winner, that is the lessor. They recoup the cost of the car on lease payments and then are handed back a Car, with relatively low mileage which they feed through to second handset dealerships and make a lump sum. Anyone that thinks leasing is preferable to buying is insane.


Oil baron Paul Getty, “If it appreciates, buy it, if it depreciates, lease it.”
Mr.No12 m ago

Oil baron Paul Getty, “If it appreciates, buy it, if it depreciates, lease …Oil baron Paul Getty, “If it appreciates, buy it, if it depreciates, lease it.”


This only applies to new cars, where the lease costs are less than the depreciation over the same period. This isn’t a given.

I can’t be 100% sure but I bet Oil baron Paul Getty never leased a car!:{
How come we always have the same conversations on lease deals. Surely this site is about ‘is this lease deal a good lease deal compared to others whether buying/leasing the same item’.

So an Astra and BMW 5 series is probably not the same item.

Can’t we all agree that lease deals works for some people and not for others...
markymark3454 m ago

Says the person spamming a lease thread with the 'why not buy used' …Says the person spamming a lease thread with the 'why not buy used' rubbish that appears frequently on lease and PCP deal threads. Actually if you had read my post you would see that your incredibly cheap car will still cost you money as all cars do.


Baw humbug..... Typical, use a stig picture to kid yourself on that you know what you're talking about, "my incredibly cheap car" will still be mine in 10 years time or more, which suits me.
neill.martin1 h, 2 m ago

You are talking absolutely garbage........purchasing the car when financed …You are talking absolutely garbage........purchasing the car when financed properly, or ideally for cash is far far preferable to leasing. Replace every 3-5 years, you have an ASSET with a residual value as Capital towards the new car. The outright purchase or loan payments (assuming you can get a low Apr loan, mine is 2.4%):will be significantly lower than leasing option.Leasing there is only one winner, that is the lessor. They recoup the cost of the car on lease payments and then are handed back a Car, with relatively low mileage which they feed through to second handset dealerships and make a lump sum. Anyone that thinks leasing is preferable to buying is insane.


I will now perform something called mathematics, which you clearly have not done.

Let us use this car as an example:
- Using your 2.4% APR (this would only be for someone with a very good credit rating, average rates are over double this)
- I have not included road tax - so add that on for every year (included with the lease)
- The numbers show this car on a 3 and 5 year deal, and I account for the residuals (have again been generous)
- I have included the entire P11D price to make it a fair comparison to the lease (as the lease includes the down payment)



33764923-jQeZn.jpg

The numbers say you are talking absolute garbage - at the very least you haven't done your homework.
unknownorigin3 h, 29 m ago

P11D of £39495 ?


Ahh yes, P11D which is relevant how? No one pays P11D value when they buy a car. A quick 30 sec search found a broker doing it for £33k. Wouldn't surprise me if Carwow could get lower.
ahenners6 m ago

Ahh yes, P11D which is relevant how? No one pays P11D value when they buy …Ahh yes, P11D which is relevant how? No one pays P11D value when they buy a car. A quick 30 sec search found a broker doing it for £33k. Wouldn't surprise me if Carwow could get lower.



If you buy this car at 33k over 3 years and get 0% APR it is still nearly £2k a year more expensive than leasing!! It works out at £6500 PY, without road tax, APR and MOT etc!! You did not work that out ?

Is it clear how badly you are being ripped off by the dealers yet? We can make the P11D half price and the lease will still be cheaper!!
Edited by: "unknownorigin" 8th May
I've done both and after finishing my lease 2 weeks ago I'm now nearly £4k poorer and no car .
don't get me wrong it was nice having a brand new car to drive for 2 years {astra turbo} but I now need to spend some cash on a second hand car or lease again.

Buying second hand is a risk these days with plenty that can go wrong especially as I'm looking at 5-6 yr old bmw's and mercs
I was going to lease a car but then I read a post on HUKD that convinced me otherwise... Said no one ever!
Get a job at BMW and get this car on the employee scheme, this would cost you about the £350 a month, including insurance and 8000 miles over 9 months, then get a new one after 9 months all while pulling in a good wage.
fedex14012 h, 44 m ago

This only applies to new cars, where the lease costs are less than the …This only applies to new cars, where the lease costs are less than the depreciation over the same period. This isn’t a given.I can’t be 100% sure but I bet Oil baron Paul Getty never leased a car!:{


You can go further and bet he lost significant funds in the purchase of his cars and yachts which is well known.

In the context of oil fields and refineries Getty's quote was to ensure your supplier has a vested interested that spread the risks for the long term. In short term he noted it cost more but it meant the supplier did not halt manufacturer on parts as they had their next product coming online when it would impact their wallet rather than just his. To put another way the complete antithesis to the reasons one would choose to lease cars
Edited by: "Bertz99" 8th May
gpawan4 h, 7 m ago

Uk average is more like 12,000 per year.


I’ll trust the National Travel Survey over your incisive analysis. Cheers though
david106661 h, 11 m ago

I've done both and after finishing my lease 2 weeks ago I'm now nearly £4k …I've done both and after finishing my lease 2 weeks ago I'm now nearly £4k poorer and no car .don't get me wrong it was nice having a brand new car to drive for 2 years {astra turbo} but I now need to spend some cash on a second hand car or lease again.Buying second hand is a risk these days with plenty that can go wrong especially as I'm looking at 5-6 yr old bmw's and mercs


You're going to be devastated if you ever go on holiday.
Hmm almost £300 a month which is pretty much similar everywhere else for such a car.

COLD from me
Mr.No9 m ago

You're going to be devastated if you ever go on holiday.


I've been on holiday a lot but whats that got to do with leasing a car
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