Autorenting

Sounds good. More inf. Let us know👍Villas.

Seems too good to be true and probably a leasing deal not renting.

The mention of ITV suggests a four year old + vehicle or a contract which commits you to at least that long!

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

I have a Volvo here in the UK on lease via Lex bought from Volvo direct. £270 deposit and £270 a month. T&C same as Sabadell it would appear. 

Hello, I am currently in the final stages of securing one of these autorenting deals through Sabadell.

To answer your questions,

There is no initial deposit to be paid. Just your first months installment.

There is no requirement to purchase the vehicle at the end of the selected lease period.

Everything is included including tyres, full comp insurance and breakdown cover.

The price will jump up depending on lease length and annual mileage.

The quoted price would be for something like a 4/5 year lease and only 10k km per year.

We opted for 2 years and 15k km per year and the price jumped around 50 Euro per month

Hope this helped

Darren

Thank you for feeding back Darren, the OP should find that very helpful, it is most certainly useful information!

Many thanks for your reply.

Just what I was looking for.

If you dont mind me asking ....what car did you go for and the initial quote..

Thanks

We went for the Kia Stonic. I think the initial quote was for around 290. Although I’d have to check to be sure.

Thank you.