I'm surprised they will let you do this. As you know, PCP allows you to purchase the vehicle at the end but is usually more expensive than PCH.
Interesting. I'll follow this thread.

 

Yes i agree and wanted to confirm this, due to HMRC rules i cannot buy the car from them and i just wanted to know if they will sell it to a third party which is obviously for me but satisfies the rules.
I have heard conflicting info on this and decided to check for myself, some people say the cars all go to BCA who are the Lex approved reseller and there is no deviation from this process.

I am sure it would work out dearer than a PCP setup where the total costs are know upfront where as in my case it depends on the price Lex put on the car, but if i have the option to do this it makes me feel a bit happier now.

 

They are allowed to sell to a nominated ( by you) non-related 3rd party

They are not compelled to do this, although many do offer it

The legislation says that they cannot sell it for less than the prevalent fair market price at the time of the sale…and this bears no relation in law to the residual value at onset of contract

My experience at the moment is that most leasing companies are quoting top retail price (plus a bit for cheek) because Auction prices are sky-high for them, and it is less hassle for them to sell hundreds of cars at an Auction house than to sell 1 car to a private individual

Sadly, no “bargains” at the moment

 

My last couple of leases have been via VWFS and had BCA dealing with the end of lease. I'd get a letter offering the "buy it at the end" option via BCA, you'd go to a website with reg and agreement number and it gives you a figure.

Both times it was what you'd expect to pay for a similar age/mileage/spec example from a main dealer. I guess if you were really attached to a car it means you can keep hold of it, but don't expect any saving over buying elsewhere. At least you'd know the history of it.

 

Many thanks, good info there.
Appreciated.

 

My brother bought his Leaf via friend. Don't know the details, but it worked.

 

Had a 225xe on a personal lease from Dec 2018 - at 18mths was offered it to purchase at c.£21k. I kept it for 6 more months (extended the lease at the same price £230/mth til Dec 2020). At that point they wanted c.£23k for it which I politely declined.