Posted: Thu Aug 8, 2019 7:07am
I have seen similar offers in my branch of Sabadell, they do appear to be good offers.
I would urge you to check a few things that are included and make sure the person you speak to writes everything down or gives you the FULL T&Cs in writing as the whole deal sounds like a Personal Contract Plan (PCP) which are widely available in the UK.
Under a PCP a deposit is paid, monthly payments provided and a Guaranteed Final Value (GFV) applied to the end of the lease, at which you point you can a)hand the vehicle back, b) use the GFV towards your next vehicle or c) pay the GFV and keep the vehicle.
There often appears to be no deposit. Using the example of a 3-year lease, you may have a 3 + 35 type plan. You pay 3x Monthly amounts on your first payment (a form of deposit) and then 35x Monthly amounts.
The T&Cs will lay out all the conditions and one of the main considerations is annual mileage and charge per mile for excess.
For example. You can get a lovely high marque vehicle (eg BMW 3 series) in the UK on a 3+35 for about £199 per month. The catch? Well, you get 10,000 miles per year, or 30,000 in total. The excess miles are charged at 25p per mile. This will usually be ok for someone pottering about but it tends to put off the business user! A higher mileage vehicle is not worth the same amount of money, so the monthly amount goes up and the GFV comes down.
BUT, That said, I do not know the T&Cs of the bank offer so I am not trying to dissuade you, just point out that it is very important that you consider all the T&Cs before entering into a lease plan.
Hope it helps