Volvo S60 2.0 T5 R-Design Edition 4DR Auto Petrol 18 Month Lease at £178.79 PM with a £2400 Deposit at Central Vehicle Leasing
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Volvo S60 2.0 T5 R-Design Edition 4DR Auto Petrol 18 Month Lease at £178.79 PM with a £2400 Deposit at Central Vehicle Leasing

81
Posted 2nd Sep
Browsing for a new car and saw this deal, it's a £2,400 deposit but is only £178.79 per month on a short 18 month lease (perfect for people who get itchy feet with cars quickly like me!)

Standard Equiptment:

Solid Paint - Black Stone
8 speed automatic transmission with start/stop + manual change functions
Auxiliary input socket
DAB Radio (Digital Audio Broadcasting)
Remote audio controls on steering wheel
Sensus Connect with Premium Sound by Harmon Kardon, Dolby Pro Logic II Surround Sound, Dirac Unsion,13 speakers/600W and subwoofer
Anti-theft alarm including immobiliser/volume sensor + level sensor
Keyless drive (includes keyless entry and keyless start) with remote tag
Locking wheel nuts
Nappa leather key integrated remote control central locking including fuel flap with deadlocking system and auto open/close power windows
Private locking for bootlid
Driver and front passenger seat cushion extension
Fixed rear seat and headrests
Front head restraints
Heated front seats
ISOFIX attachment on outer rear seats
Power driver seat with multi directional lumbar support and memory for seat and exterior mirrors
Power height adjustable passenger seat with multi directional Lumbar Support
Rear head restraints
60/40 split folding rear seat
Dual integrated exhaust pipes with high gloss black surround
High gloss black mesh front grille with silk metal surround
R Design tread plates
Rear diffuser
Roof antenna
Roof spoiler
Lowered sport chassis
A-pillar parking ticket holder
Black headlining
Cargo load hooks
Centre console cupholders
Contour sports seats with nappa leather/textile upholstery
Front/rear door pockets and front cupholder illumination
Glovebox compartment with illumination
Heated steering wheel
Height/reach adjustable steering column
High gloss black steering wheel remote infotainment controls
Leather sports steering wheel with gearshift paddles
Lockable glovebox
Luggage compartment illumination
Luggage compartment net pocket
Rear armrest with storage + cupholders
Sports leather gear knob
Sports pedals
Underfloor cargo storage
12V socket in front + rear tunnel console plus luggage compartment
Adjustable steering wheel force
Drive mode settings
Driver alert control with lane keeping aid
Front park assist
Oncoming Lane Mitigation
Rear park assist camera
Speed limiter
Speed sensitive steering
Active high beam
Adaptive brake lights with high level LED brake lights
Automatic active bending LED headlights with adaptive shadow technology incorporating day running lights
Automatic headlight levelling system
Front LED fog lights with cornering function
Headlight cleaning system
Home safe and approach lighting
Puddle lights
Bluetooth handsfree system
Voice activated control for key functions
Volvo on call


I think this is a pretty good price for a brand new model
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Very high deposit on a short term. Maybe slightly more palatable is the same car on a 1+17 deal for £117.01 less over the same term:

21033051791567436644.jpg
For those who didn't know, this has got around 250bhp with a 0-62mph time of 6.5s.
I'm not questioning the value of this deal but how many people can afford to lob 5.5k at a car for just 18 months and have nothing at the end. All seems like incredible waste of money to me.
KentishLad02/09/2019 16:19

Big difference between a deposit and an Initial Rental. You write this off …Big difference between a deposit and an Initial Rental. You write this off in month 2 - your ‘deposit’ is gone


The 'deposit' is gone whether you write it off or not. Making sure you aren't out of pocket if you write it off is what GAP insurance is for. But I agree it's always confusing when people call it a deposit.
Edited by: "GrimDanFango" 2nd Sep
81 Comments
Very high deposit on a short term. Maybe slightly more palatable is the same car on a 1+17 deal for £117.01 less over the same term:

21033051791567436644.jpg
Seems a fantastic deal, and says metallic paint is included if you click through to the site.
m5rcc02/09/2019 16:04

Very high deposit on a short term. Maybe slightly more palatable is the …Very high deposit on a short term. Maybe slightly more palatable is the same car on a 1+17 deal for £117.01 less over the same term:[Image]


Voting hot for OP deal, but this version is a bit hotter!
£312 a month then?
For those who didn't know, this has got around 250bhp with a 0-62mph time of 6.5s.
Big difference between a deposit and an Initial Rental. You write this off in month 2 - your ‘deposit’ is gone
KentishLad02/09/2019 16:19

Big difference between a deposit and an Initial Rental. You write this off …Big difference between a deposit and an Initial Rental. You write this off in month 2 - your ‘deposit’ is gone


The 'deposit' is gone whether you write it off or not. Making sure you aren't out of pocket if you write it off is what GAP insurance is for. But I agree it's always confusing when people call it a deposit.
Edited by: "GrimDanFango" 2nd Sep
GrimDanFango02/09/2019 16:52

The 'deposit' is gone whether you write it off or not. Making sure you …The 'deposit' is gone whether you write it off or not. Making sure you aren't out of pocket if you write it off is what GAP insurance is for. But I agree it's always confusing when people call it a deposit.


Will that cover a lease? GAP is usually for PCP where you own the car (eventually)
KentishLad02/09/2019 16:59

Will that cover a lease? GAP is usually for PCP where you own the car …Will that cover a lease? GAP is usually for PCP where you own the car (eventually)


Yes it will. Worth it if you have a big up front payment like this and your insurance doesn't do year one new car replacement.
I'm all for leasing/PCP deals, but I'm voting cold because of that high deposit. There's just no need to pay nearly 2 and a half grand up front.
pelaquin02/09/2019 17:23

I'm all for leasing/PCP deals, but I'm voting cold because of that high …I'm all for leasing/PCP deals, but I'm voting cold because of that high deposit. There's just no need to pay nearly 2 and a half grand up front.


Just spread it across the rentals then
Dingdong00702/09/2019 17:26

Just spread it across the rentals then


I thought it was an upfront payment ? If it is then the whole point of a lease is to make managing cashflow easier. That's why I lease, I never had an upfront payment on my car. You should never have to pay any deposit imo for a decent car.
KentishLad02/09/2019 16:59

Will that cover a lease? GAP is usually for PCP where you own the car …Will that cover a lease? GAP is usually for PCP where you own the car (eventually)


Yep, you can get it for a lease. I have it for mine.
pelaquin02/09/2019 17:30

I thought it was an upfront payment ? If it is then the whole point of a …I thought it was an upfront payment ? If it is then the whole point of a lease is to make managing cashflow easier. That's why I lease, I never had an upfront payment on my car. You should never have to pay any deposit imo for a decent car.


That's just the headline you can choose whether to put more or less in. If you do 1 upfront it goes just over £300 a month. It's a good deal IMO
Dingdong00702/09/2019 17:32

That's just the headline you can choose whether to put more or less in. If …That's just the headline you can choose whether to put more or less in. If you do 1 upfront it goes just over £300 a month. It's a good deal IMO


Oh I thought it was one a one off payment upfront. Ok then that's not too bad I guess if there's no " deposit " although I still agree that you shouldn't have to ever pay any money other than the monthly cost for a good car.
pelaquin02/09/2019 17:34

Oh I thought it was one a one off payment upfront. Ok then that's not too …Oh I thought it was one a one off payment upfront. Ok then that's not too bad I guess if there's no " deposit " although I still agree that you shouldn't have to ever pay any money other than the monthly cost for a good car.


Total leasing cost is usually expressed as:
initial payment + remaining monthly payments + fees / total duration in months, to give an amortised monthly cost. Personally I prefer paying 6-9 months up front to reduce the remaining monthly payments in case my circumstances change during the term. I pay more when I know I can afford to so that I can pay less in the future when I don't have that certainty. £2400 is pretty steep in this case though.
Edited by: "GrimDanFango" 2nd Sep
Why is it called a deposit? Isnt that something that's normally refunded once you give the security back without damage?!

Shouldn't it be called a downpayment or initial payment? :/
trd02/09/2019 18:56

Why is it called a deposit? Isnt that something that's normally refunded …Why is it called a deposit? Isnt that something that's normally refunded once you give the security back without damage?!Shouldn't it be called a downpayment or initial payment? :/


It's called an initial rental mate
trd02/09/2019 18:56

Why is it called a deposit? Isnt that something that's normally refunded …Why is it called a deposit? Isnt that something that's normally refunded once you give the security back without damage?!Shouldn't it be called a downpayment or initial payment? :/



A deposit means many things, like many English words.

In this sense it means: "A partial or initial payment of a cost or debt"
GrimDanFango02/09/2019 18:44

Total leasing cost is usually expressed as: initial payment + remaining …Total leasing cost is usually expressed as: initial payment + remaining monthly payments + fees / total duration in months, to give an amortised monthly cost. Personally I prefer paying 6-9 months up front to reduce the remaining monthly payments in case my circumstances change during the term. I pay more when I know I can afford to so that I can pay less in the future when I don't have that certainty. £2400 is pretty steep in this case though.


Also looks better on any other finance application (like a mortgage) if you have less of a monthly amount going out.
trd02/09/2019 18:56

Why is it called a deposit? Isnt that something that's normally refunded …Why is it called a deposit? Isnt that something that's normally refunded once you give the security back without damage?!Shouldn't it be called a downpayment or initial payment? :/


Don't get deposit back on a house/mortgage eithe.? Or a holiday, or car insurance.

It's a security deposit (villa stays etc...) that you get back.
Edited by: "golfbarry" 2nd Sep
It'll be Santander funded I'd guess as an 18 month.

I'd be tempted, if it were stock, bit it'll be a factory order so based on the V60 deals recently likely delivered for December.

Nice cars.
choppalot02/09/2019 16:05

Seems a fantastic deal, and says metallic paint is included if you click …Seems a fantastic deal, and says metallic paint is included if you click through to the site.


I called them earlier and it seems they just have the standard version without any of the extras stated on their site
I'm not questioning the value of this deal but how many people can afford to lob 5.5k at a car for just 18 months and have nothing at the end. All seems like incredible waste of money to me.
HooRah02/09/2019 20:29

I'm not questioning the value of this deal but how many people can afford …I'm not questioning the value of this deal but how many people can afford to lob 5.5k at a car for just 18 months and have nothing at the end. All seems like incredible waste of money to me.


Seems great value to me.
HooRah02/09/2019 20:29

I'm not questioning the value of this deal but how many people can afford …I'm not questioning the value of this deal but how many people can afford to lob 5.5k at a car for just 18 months and have nothing at the end. All seems like incredible waste of money to me.


The same group of people that could spend 5.5K on a car and have to pay 1K on repairing the shed they just bought.
pelaquin02/09/2019 17:34

Oh I thought it was one a one off payment upfront. Ok then that's not too …Oh I thought it was one a one off payment upfront. Ok then that's not too bad I guess if there's no " deposit " although I still agree that you shouldn't have to ever pay any money other than the monthly cost for a good car.


So in summary, you like the idea of the £30,000 car at £178 per month, but don't agree with the advance payment (that reduces the £300+ per month to £178...).

Unlucky.
Same company have the Tesla 3 for £275.99 per month... Just as long as you don't mind the initial payment of 6 grand!
Edited by: "GrimDanFango" 2nd Sep
karlie8802/09/2019 16:18

For those who didn't know, this has got around 250bhp with a 0-62mph time …For those who didn't know, this has got around 250bhp with a 0-62mph time of 6.5s.


Thanks. Didn't have to scroll far to find the real info!
HooRah02/09/2019 20:29

I'm not questioning the value of this deal but how many people can afford …I'm not questioning the value of this deal but how many people can afford to lob 5.5k at a car for just 18 months and have nothing at the end. All seems like incredible waste of money to me.


Lol couldn't agree more. Although if you're on a good salary, binning £10 a day, every day won't seem so bad to show the world they can afford a new car...
trd03/09/2019 00:16

Lol couldn't agree more. Although if you're on a good salary, binning £10 …Lol couldn't agree more. Although if you're on a good salary, binning £10 a day, every day won't seem so bad to show the world they can afford a new car...


Don’t you think this car would depreciate £5.5k in 18months!?! I really don’t get the lease haters. PCP for a decent car is upwards of £400pm. At the end of the term you probably get a new one anyway and carry on with the £400pm if the salesman doesn’t trick you in getting an ‘upgrade’. So, how’s it better financially than paying £200pm instead!? Because your name is on a piece of paper?
Edited by: "jop85" 3rd Sep
jop8503/09/2019 09:54

Don’t you think this car would depreciate £5.5k in 18months!?! I really do …Don’t you think this car would depreciate £5.5k in 18months!?! I really don’t get the lease haters. PCP for a decent car is upwards of £400pm. At the end of the term you probably get a new one anyway and carry on with the £400pm if the salesman doesn’t trick you in getting an ‘upgrade’. So, how’s it better financially than paying £200pm instead!? Because your name is on a piece of paper?


Yup.

Even if one took out a 24-month, 10k miles lease deal at £7,897.60 for the term or £329.07/net/mth, it would still work out to be over £1k cheaper than buying this car outright with the discount (£29,718).
KentishLad02/09/2019 16:59

Will that cover a lease? GAP is usually for PCP where you own the car …Will that cover a lease? GAP is usually for PCP where you own the car (eventually)



You can buy Gap for lease cars. I bought one. If for example you write the car off, the lease company will come after you for the full amount, but if you insurance only covers part of the cost, the Gap insurance will cover the Gap between the insurance payout and what the lease company have valued the car at at the time of the write off .

I think my Gap policy was to cover around £9000 against car value when new of £38k

Particularly important at the start of the lease when the car has the maximum residual value.
Edited by: "markmacd" 3rd Sep
Need to factor in an addition £750 or as an add d option to get Polestar optimisation. Smooths our power and makes the Auto box less of a turd.
Oneday7703/09/2019 12:45

Need to factor in an addition £750 or as an add d option to get Polestar …Need to factor in an addition £750 or as an add d option to get Polestar optimisation. Smooths our power and makes the Auto box less of a turd.


Paying for extras on a lease, particularly an 18 month one, is pointless unless an absolute necessity. You end up paying full price for the extra and are really giving it away to the next owner.
Edited by: "Sunni" 3rd Sep
Sunni03/09/2019 15:12

Paying for extras on a lease, particularly an 18 month one, is pointless …Paying for extras on a lease, particularly an 18 month one, is pointless unless an absolute necessity. You end up paying full price for the extra and are really giving it away to the next owner.


Which is a fair enough comment. I only mentioned as some may not like the speed of the Auto Box, a common reviewer complaint.

I have a D4 V60 sitting in my drive with Polestar on it so know what they mean.
Sunni03/09/2019 15:12

Paying for extras on a lease, particularly an 18 month one, is pointless …Paying for extras on a lease, particularly an 18 month one, is pointless unless an absolute necessity. You end up paying full price for the extra and are really giving it away to the next owner.


Agreed. That’s a tidy little scam. You rent the car but have to buy extras at full prices and don’t get to keep them. Best to go for the trim that has the option you want as standard and it will likely be a fraction of the price more expensive
trd03/09/2019 00:16

Lol couldn't agree more. Although if you're on a good salary, binning £10 …Lol couldn't agree more. Although if you're on a good salary, binning £10 a day, every day won't seem so bad to show the world they can afford a new car...


Put that way, just £70 per week is amazing, it even makes the Motability scheme look expensive.
The_Hoff02/09/2019 20:59

The same group of people that could spend 5.5K on a car and have to pay 1K …The same group of people that could spend 5.5K on a car and have to pay 1K on repairing the shed they just bought.


And have something worth maybe 3k at the end depending on mileage added? So 2k better off! And 5.5k gets a good car
HooRah03/09/2019 22:19

And have something worth maybe 3k at the end depending on mileage added? …And have something worth maybe 3k at the end depending on mileage added? So 2k better off! And 5.5k gets a good car


Yeah and a lovely folder full of receipts, knackered paint, dings and everything else that comes with a 15 year old car, at which point your annual insurance premium and tax is 50% of the value of the car you're driving, or having towed.

Let us "mugs" enjoy burning our money, you can sit in (and own) the same car as me in 2030/35 and reap all that reward. Without us, your used bargains would be higher in price, so really you need to thank us.

I couldn't be less interested in owning a car, utterly pointless.
Edited by: "The_Hoff" 4th Sep
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