This week, the What Car? mystery shoppers have been focussing their attention on lease deals. Here they are looking at deals for £550 a month and above, featuring two offerings from Mercedes, a Lexus and Land Rover.
Lexus RX 450h SE - £695 per month
List price £44,495
Target price £42,207
Finance target price £43,188
Deal 3.5yr 5.9% APR PCP with £2000 deposit contribution
Total payable £46,311
Lexus’ big luxury SUV can look pricey on paper, but thanks to its petrol-electric hybrid engine that can run without fuel for short distances, things get more affordable on the road. Better still, plenty of creature comforts mean you don’t need to go higher than entry level trim, while £2500 towards your deposit should also help reduce your overall bill.
Mercedes-Benz M-Class ML250 Bluetec SE - £679 per month
List price £44,340
Target Price £40,613
Finance target price £43,035
Deal 3 years’ 4.8% APR PCP with £2405 deposit contribution
Total payable £44,305
Strong residuals make the M-Class a good bet for a PCP deal, while a £2405 deposit contribution linked to a low interest-rate agreement makes this big 4x4 a great investment. Balance deposit and guaranteed future value carefully, and you could enjoy monthly payments of £679, yet still have equity at the end of the deal for a new car.
Land Rover Discovery 3.0 SDV6 255 XS - £711 per month
List price £45,575
Target Price £42,783
Finance target price £42,783
Deal 3 years’ 6.9% PCP APR
Total payable £48,253
The Discovery is the ultimate workhorse: a strong tow car with brilliant refinement on and off the road. It also has lots of space to carry seven people in style and comfort. If you’ve got £711 a month to spend, this version in generous XS trim could be yours with Land Rover’s three-year 6.9% APR PCP offer. Check out other high-street APRs before you buy.
Mercedes-Benz CLS 250 CDI - £838 per month
List price £47,605
Target Price £40,742
Finance target price £45,967
Deal 2 years’ 4.6% APR PCP with £11,210 deposit contribution
Total payable £37,487
It’s not often new cars come with an £11,000 discount, but thanks to Merc’s low-interest finance offer, which attracts a hefty deposit allowance, you could get the equivalent of 21% off the list price of the CLS. It’s a deal that will also make the car yours if you want it in just two years, for a total payable value that’s cheaper than a top-of-the-range BMW 3 Series.
All the monthly payments quoted above are estimates and may not exactly match a manufacturer's own calculations. Finance terms and deals quoted were correct at the time of writing.