Skoda OCTAVIA 1.4TSI SE TECHNOLOGY  National vehicle solutions - 24 months - £2400 deposit, £239.99 Admin fee and £72.08 per month
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Skoda OCTAVIA 1.4TSI SE TECHNOLOGY National vehicle solutions - 24 months - £2400 deposit, £239.99 Admin fee and £72.08 per month

25
Found 25th SepMade hot 25th Sep
5 star whatcar review. whatcar.com/sko…94/

Good price for the car.

24 months 10 k. Personal deal £72.08 per month inc vat after you pay first month and admin fee

Let’s see if I have the sums right
£2400 first month rental
£239.99 admin fee
23 x £72.08 monthly payments

so REAL monthly cost is
(2400 + 239.99 +(23 x 72.08))/24
= (2400 + 239.99 + 1,657.84)/24

=£179.08

so so that’s the real monthly cost.

Lets discuss the virtues of lease v buy v shed

oh let’s not forget is the car any good for the price
Edited by: "Dr_Lovegod"

Total over 2 years = £4,297.24
Top comments

Original Poster

lastjunkie9 m ago

forgive my ignorance, but what does shed refer to?2nd hand; bought from a …forgive my ignorance, but what does shed refer to?2nd hand; bought from a dealer's shed?



From the following website I don’t own the words may cause lots of banter 😃

google.co.uk/amp…rue

Brit. slang for a crappy car, usually a hatchback, driven by a "Barry Boy".

A popular choice of the acned teen as their first "wheels", sheds are often "done up" with bits of nasty body kit, aftermarket exhausts and - in urbansettings - a thumping uprated music system.

Shed owners often can't afford to put petrol in their cars so are commonly spotted on Friday nights meeting other non-driving shed owners in supermarket car parks to exchange advice on the best make of gaffer tape to stop bits of chrome and trim falling off their creations.
Edited by: "Dr_Lovegod" 25th Sep
25 Comments

It is worth asking if they will do a deal with 1, 3 or 6 upfront payments instead - it maybe a little more expensive over the whole term, but there is less risk should something bad happen to the car during the lease, like a write off.

Also, it's worth seeing if a Skoda dealer can match the deal, as then you may avoid the admin fee - ask for the fleet manager, you're probably wasting your time with the usual sales monkeys on the sales floor.
Edited by: "Emeye" 25th Sep

Good lease deal & a nice car as well; I am looking to buy though as its cheaper for me to own due to wear & tear issues. This model is only aviailable via a lease.

Emeye21 m ago

It is worth asking if they will do a deal with 1, 3 or 6 upfront payments …It is worth asking if they will do a deal with 1, 3 or 6 upfront payments instead - it maybe a little more expensive over the whole term, but there is less risk should something bad happen to the car during the lease, like a write off.Also, it's worth seeing if a Skoda dealer can match the deal, as then you may avoid the admin fee - ask for the fleet manager, you're probably wasting your time with the usual sales monkeys on the sales floor.



What's the score with a write off, isn't everything covered by car insurance?

gazdoubleu5 m ago

What's the score with a write off, isn't everything covered by car …What's the score with a write off, isn't everything covered by car insurance?



Nope , probably 60% -70% by car insurance , you'll need Gap insurance for the rest (another rarely mentioned addition to leasing ).

gazdoubleu5 m ago

What's the score with a write off, isn't everything covered by car …What's the score with a write off, isn't everything covered by car insurance?


You'll need to get GAP Insurance, if the first year isn't covered by your car insurance.

rogparki26 m ago

Nope , probably 60% -70% by car insurance , you'll need Gap insurance for …Nope , probably 60% -70% by car insurance , you'll need Gap insurance for the rest (another rarely mentioned addition to leasing ).


Thanks guys I think a 'shed' is looking more favorable for me personally, a nicely depreciated diesel on a credit card with a 2 year interest free period should cover it!

You can play with some different payment combinations here.
fleetprices.co.uk/per…ack

Apparently the 1.5 is the new engine and is potentially more economical.
fleetprices.co.uk/per…203

Might even work out cheaper than the original deal posted. Admin fee is £298.

good deal, getting closer to that £4k mark.
Assuming this is the latest model, it's fairly decent spec. Still doesn't look great but who cares.

forgive my ignorance, but what does shed refer to?

2nd hand; bought from a dealer's shed?

Original Poster

lastjunkie9 m ago

forgive my ignorance, but what does shed refer to?2nd hand; bought from a …forgive my ignorance, but what does shed refer to?2nd hand; bought from a dealer's shed?



From the following website I don’t own the words may cause lots of banter 😃

google.co.uk/amp…rue

Brit. slang for a crappy car, usually a hatchback, driven by a "Barry Boy".

A popular choice of the acned teen as their first "wheels", sheds are often "done up" with bits of nasty body kit, aftermarket exhausts and - in urbansettings - a thumping uprated music system.

Shed owners often can't afford to put petrol in their cars so are commonly spotted on Friday nights meeting other non-driving shed owners in supermarket car parks to exchange advice on the best make of gaffer tape to stop bits of chrome and trim falling off their creations.
Edited by: "Dr_Lovegod" 25th Sep

Dr_Lovegod13 m ago

From the following website I don’t own the words may cause lots of banter & …From the following website I don’t own the words may cause lots of banter 😃https://www.google.co.uk/amp/www.urbandictionary.com/define.php%3fterm=shed&=trueBrit. slang for a crappy car, usually a hatchback, driven by a "Barry Boy".A popular choice of the acned teen as their first "wheels", sheds are often "done up" with bits of nasty body kit, aftermarket exhausts and - in urbansettings - a thumping uprated music system.Shed owners often can't afford to put petrol in their cars so are commonly spotted on Friday nights meeting other non-driving shed owners in supermarket car parks to exchange advice on the best make of gaffer tape to stop bits of chrome and trim falling off their creations.


I don't think that's what it means in this context. I'd be inclined to think it means the trader is selling a part exchange off the premesis rather than on his forecourt for example or perhaps the trader is an amatuer and doesn't own premesis of their own.

A shed is a banger, crap car.

only 8,000 miles per year

These are surprisingly quick. Same 0 to 60 as a nineties hot hatch

Daveh16642 h, 3 m ago

These are surprisingly quick. Same 0 to 60 as a nineties hot hatch



Just driven one & agree - quite nippy performance; very driveable.

£40pm dearer than the recent Mercedes C300 deal on here. Failing to see the attraction.
Edited by: "fr0d0" 25th Sep

fr0d039 m ago

£40pm dearer than the recent Mercedes C300 deal on here. Failing to see …£40pm dearer than the recent Mercedes C300 deal on here. Failing to see the attraction.


A 2yr Merc C300 lease for only £140 per month? When was that posted?

gazdoubleu8 h, 18 m ago

What's the score with a write off, isn't everything covered by car …What's the score with a write off, isn't everything covered by car insurance?


Your insurance wont cover you for the up front payment of £2.4k. Write the car off driving off of the forecourt and you've lost £2.4k. With a lease your insurer sorts out the settlement directly with the lease company and you keep paying the payments til its been settled. You wont see a penny of the insurance money you'll simply be let out of the contract when the insurers settle.

Btw - imho a shed is any cheap car. Anything under 2k id class as a shed. A cheap car for running about in. Ive an 07 plate clio which i paid £675 for 2 years ago. Both MOTs have been £350ish. Cheap to buy, fairly cheap to run. Nothing exciting but its never given me any problems. By that logic i could probably get 5+ years out of my clio for just the £2.4k deposit on this deal. Horses for courses.

rogparki8 h, 38 m ago

Nope , probably 60% -70% by car insurance , you'll need Gap insurance for …Nope , probably 60% -70% by car insurance , you'll need Gap insurance for the rest (another rarely mentioned addition to leasing ).


Ah, the "Grim Reaper" of car lease deals has arrived...

MrSweeney27 m ago

Ah, the "Grim Reaper" of car lease deals has arrived...



Forewarned is forearmed - wouldn't you agree ?

rogparki22 h, 44 m ago

Nope , probably 60% -70% by car insurance , you'll need Gap insurance for …Nope , probably 60% -70% by car insurance , you'll need Gap insurance for the rest (another rarely mentioned addition to leasing ).



If your meaning of rarely is in almost every car leasing deal then yes it is rarely mentioned.

MrSweeney14 h, 6 m ago

Ah, the "Grim Reaper" of car lease deals has arrived...



The grim reaper of reasonable discourse I think you mean.

Regprentice21 h, 14 m ago

Your insurance wont cover you for the up front payment of £2.4k. Write the …Your insurance wont cover you for the up front payment of £2.4k. Write the car off driving off of the forecourt and you've lost £2.4k. With a lease your insurer sorts out the settlement directly with the lease company and you keep paying the payments til its been settled. You wont see a penny of the insurance money you'll simply be let out of the contract when the insurers settle.


That isn't strictly true - most insurers will pay the invoice value on a car less than 12 months old (new for old) so you could actually end up depending on your total loss terms of the lease.
Hibbers1 on here pointed out that for direct line the new for old only applies if you are the owner rather than the registered keeper (which would match your example). There are also some insurers offering 2 years new for old (would be a little contentious if you were to write off a car every 18 months).
As always its down to the fine print on the lease terms and the insurance terms you have, working out what you want gap to cover and then ensuring you take out a policy that covers that - the highest number of complaints raised to the ombudsman is for gap insurance not covering what people thought it.
Of course Gap for lease coverage, as it covers less, is also not huge sums. m5rcc has previously recommended ALA which I think presently has a discount code another poster put on here in the last few days.
Edited by: "Bertz99" 26th Sep
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