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Discussion Starter #1 (Edited)
Had our letter from Kia finance advising 6 months until our lease is up.
We usually return cars after three years as that's when the warranty expires, but obviously not the case with Kia.
The wife is keen to keep it, especially if Kia will do us a deal on the monthlies.
I've emailed them to ask, but god knows when I'll get a reply.
It's currently £286 a month, I'm happy to keep it if they come down to something like £220 a month.
Just wondering if anyone here has done this before?
 

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I guess you are talking PCP?
Or is this a lease via a 3rd party?

As Kia only offer PCP or loan now.

If they won't and you have a chance to purchase you could look at a bank loan.
 

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Discussion Starter #3
Lease.
I could buy, but in my experience lease companies tend to ask over the odds compared with the market.
Which is bizarre, as they then just put them to auction and accept what they can get for them on that day.
 

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I guess unless Lease co are prepared to offer it, then it's a no go.

Might take a while to get a reply as well at the moment.
This makes good reading.
 

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Discussion Starter #8
I guess unless Lease co are prepared to offer it, then it's a no go.
I've dealt with company and private leases for decades, I can only think of one occasion where the lease company insisted it be returned.
It's a bit of a myth that lease cars 'must' be returned.
Effectively, the only real-world difference between PCP and lease is that the figure needed to buy the car at the end is known in advance with PCP.
 

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Never gone PCP or Lease. I have always bought my cars.

As I would rather have the security of knowing I will still have a car should anything go wrong with finances.

Each to their own though. What works for you, is good for you :)
 

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Discussion Starter #10
Kia finance have replied, surprisingly saying they have no facility to do a formal extension. :oops:
Only an informal one, which basically means keeping paying the monthly amount on a month-by-month basis.
Not interested in that, not paying XXX per month for a three year old car when the same figure will get me a new one.
And certainly not interested in buying it.
 

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Who are you getting the lease through? As Kia do not advertise lease's on their website.
 

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Discussion Starter #12
In my case, it's a lease site called Ling's cars that organised it.
I needed one quickly, from first contact to delivery was 2 weeks - and that was in the trim and colour we wanted (3 trim, red).
But the agreement and payments are direct with Kia contract hire.
 

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Lings - have you seen her website :eek:


Seriously, let them take it back, find out which auction they're taking it to (my Optima went to Bristol) and buy it cheap from there
 

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Discussion Starter #16
What I like is when you start an order with her, you get sent a link to a dedicated folder created by them.
Any additions to the order, you get notified by email and you can access.
Any documents you have, you upload them to that folder.
It's nothing new in general business terms, but it's not something I've come across in years of using other lease companies and makes dealing with them very easy.
 

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What I like is when you start an order with her, you get sent a link to a dedicated folder created by them.
Any additions to the order, you get notified by email and you can access.
Any documents you have, you upload them to that folder.
It's nothing new in general business terms, but it's not something I've come across in years of using other lease companies and makes dealing with them very easy.
I've been aware of her since her Dragons Den days - nice to hear that you've had a positive experience, I'll consider that site once my current lease is up

Unfortunately, I'm a high mileage user, did my last deal in November 2019, 4 years at 27,500 miles a year on a Tucson Premium SE - costing me over 400 quid a month. I've just been furloughed :cry:. Spoke to Arval (who hide themselves as Hyundai) and they are looking at rolling on anything that I need to postpone. Had great service from them with the Tucson I contracted in September 2019 o_O
 

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Discussion Starter #20
Funny the Tucson is mentioned, I like the look of the Tucson 48V mild hybrid.
Like the N-line spec and there's some good deals.
 
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