Okay folks, here’s my dilemma!
I’m looking into Contract Hire as opposed to buying new, you see it works out better for me to go on contract hire with insurance and a maintenance/service package than to say purchase second hand and insure/service etc over three years and then say maybe purchase the vehicle at market value upon contract expiry?
So folks I’m quite stuck on what to choose, everything that’s listed below is what’s within reach for a while in relation to advance payments. I would like your views on the vehicles, pros/cons, if any of you own the vehicles, how are these in terms of handling, ride, fuel economy, build quality, reliability etc. So without further ado, here’s the list:
Honda Civic 1.4i DSI SE (82 bhp, 5dr, Petrol, Manual)
VW Golf 1.4 TSI Match (122 bhp, 5dr, Petrol, Manual)
Volvo S40 2.0D S (136 bhp, 4dr, Diesel, Manual)
Also possibly, rather unlikely:
Honda Accord 2.2 i-CTDi SE HFT (138 bhp, 4dr, Diesel, Manual)
I’m looking at test drives hopefully sometime this week and early next week before I choose. I forgot to mention, please express your views on what you would pick from the list and why!
Now this will be my first contract hire and I was wondering what things I should be weary of on the contract, such as condition of vehicle upon return/expiry of contract, my position if there was a write off (touch wood), would I need GAP insurance? The service/maintenance package, will it cover things such major services including timing belt changes, oil, brake discs/pads etc?
So when I turn up at the dealers, how can I negotiate a better deal, the package price seems to be very good but is there a way to say haggle and get free extras, such as Rear Parking Aid, Cruise Control, Keyless Drive? Is it worth having leather? Are the extra’s prices negotiable if I can’t get them free?
On a side note, is Keyless Entry/Drive worth considering or is it another complexity for things that might go wrong? Your views on this feature, please.
Do you think I could get a better deal, say if a family member took out another vehicle on contract hire from the same dealer at the same time? If so, how would I go about getting the best from a deal as such as this?
Finally, if I wanted to purchase the vehicle upon contract expiry, would there be an option to do this from this type of car hire contract? If so, do you have any idea on how the value would be calculated? For example, could it be approximate market value plus a margin?
I ask so much so that I am better equipped when I visit the dealers, I thank every one of you for taking the time to read this and post your comments, views and foresight of anything I might have missed out or forgotten altogether.