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      02-06-2012, 12:28 PM   #1
Snooky
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Car Leasing Q

I have been looking at personal car leasing with the recent spate of 640d leases!

Small point, but presumably, one could still put a private plate on a leased car? Wasn't sure if you get the V5 or whether lease company keep it.

I've said it before and I'll say it again....I wish I hated cars lol!
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      02-06-2012, 12:42 PM   #2
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Leasing company keep the V5. Not sure if it makes any difference really.
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      02-06-2012, 12:58 PM   #3
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As stated Leasing company keeps the V5 and would you trust them with your reg? Doubt you'd be able to transfer a reg. Although BMW did let Dad transfer his over and handed it back to him once the lease was done with.
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      02-06-2012, 01:23 PM   #4
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I'm the registered keeper on the V5 of my contract hired Merc. Allowed to change plate if I wish. And that's on a Mercedes agreement
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      02-06-2012, 01:29 PM   #5
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Yes is the short answer... You essentially retain the ownership of your plate and 'lend' it to the leasing company.
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      02-06-2012, 02:11 PM   #6
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I am putting my plate on the 640d, dealer says I need to start the process of taking it off the car about 3/4 months before th lease ends.
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      02-06-2012, 03:00 PM   #7
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Quote:
Originally Posted by peterg1965 View Post
I am putting my plate on the 640d, dealer says I need to start the process of taking it off the car about 3/4 months before th lease ends.
Peter, won't it be a bit embarrassing starting the process on the day of collection.
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      02-06-2012, 03:02 PM   #8
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This raises an interesting question as the V5 should show the registered keeper and not the owner.

I know I hold the V5 for my car (which I lease off MB Finance) but that does not give me title.

So if you are named as the registered keeper, you should have the V5 in your hand.
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      02-06-2012, 03:03 PM   #9
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Quote:
Originally Posted by Snooky View Post
I have been looking at personal car leasing with the recent spate of 640d leases!

Small point, but presumably, one could still put a private plate on a leased car? Wasn't sure if you get the V5 or whether lease company keep it.

I've said it before and I'll say it again....I wish I hated cars lol!

John, what car are you looking at?
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      02-06-2012, 03:28 PM   #10
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Thanks guys....in summary, it is possible but it might be more hassle than its worth!


Quote:
Originally Posted by Gibbo View Post
John, what car are you looking at?
A few options Peter. Our family car (wifes) comes to the end of its 3 year PCP later this year. We might keep it but we are looking at alternatives.

We looked at the Evoque 5 door but have ruled it out (mrs wasn't keen on styling; despite advertised combined mpg of 50 for manual SD4 the Evoque owners forum suggests most are struggling to better 30). If we get a new family car it is looking like an X3 or Q5. Both have a 6 month lead time so thinking about it now.

We will prob change both cars about the same time as my son is fast outgrowing the back seat of the TT. I also own the TT (no finance) so we will use the equity from that if I don't lease....lots of options!

If we get an X3 or Q5 then I will take it as my daily driver and Fi will get a smaller more economic car for the school run etc (rather than having 2 c. £30k cars outside the door depreciating, which is a bit crazy).

Sorry you asked
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      02-06-2012, 03:28 PM   #11
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Quote:
Originally Posted by Gibbo View Post
Peter, won't it be a bit embarrassing starting the process on the day of collection.
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      02-06-2012, 04:46 PM   #12
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Quote:
Originally Posted by CHG View Post
Yes is the short answer... You essentially retain the ownership of your plate and 'lend' it to the leasing company.
Let's hope the leasing company doesn't go bust then.
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      02-07-2012, 01:08 AM   #13
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Quote:
Originally Posted by jdcampbell View Post
Let's hope the leasing company doesn't go bust then.
It's BMW in my case, I'll take my chances
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      02-07-2012, 12:13 PM   #14
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Quote:
Originally Posted by peterg1965 View Post
It's BMW in my case, I'll take my chances
Same in my case too
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