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End Lease Deal Early

Wattser

Active Member
Jan 30, 2021
47
16
Has anyone in this forum had any experience in ending a lease deal early. I basically want to get rid of my VZ2 Formentor and I was hoping others with experience can offer some advice.

I am 6 months into a 36 month deal, will I lose my upfront payments etc.?

Thanks.
 

AndyCupra93

Active Member
Apr 21, 2021
296
127
You need to check with the finance company. It’s quite common to charge you around 50% of remaining payments to terminate your lease, but companies vary. Yes you will lose your initial payment.
 
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Wattser

Active Member
Jan 30, 2021
47
16
You need to check with the finance company. It’s quite common to charge you around 50% of remaining payments to terminate your lease, but companies vary. Yes you will lose your initial payment.
Thanks Andy. I don't mind losing the deposit, I was expecting to pay back the remaining 30 months too. I will call them tomorrow and find out.
 
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Pords

Active Member
Apr 23, 2021
113
102
As Andy said normally 50% of outstanding Lease. So 30 x monthly payments less 50%. But each leasing company slightly different so might not be as bad. May I ask why your getting shot?
 

Wattser

Active Member
Jan 30, 2021
47
16
As Andy said normally 50% of outstanding Lease. So 30 x monthly payments less 50%. But each leasing company slightly different so might not be as bad. May I ask why your getting shot?
Thanks Pords. I’m getting shot because of the majority of issues posted in the forums. As a family we play the ‘Guess what’s not working today’ game when we get in the car. It Should not be like that on a brand new vehicle. I love the drive and performance, but it’s let down by so many niggles and problems.
 

Pords

Active Member
Apr 23, 2021
113
102
Thanks Pords. I’m getting shot because of the majority of issues posted in the forums. As a family we play the ‘Guess what’s not working today’ game when we get in the car. It Should not be like that on a brand new vehicle. I love the drive and performance, but it’s let down by so many niggles and problems.
I’m sorry too hear that mate. I have been reading about the issues and praying that I don’t end up with a car plaqued by problems. And your absolutely right a new car shouldn’t be like that. These ongoing issues are making me a little apprehensive if I’m honest, and also that Cupra keep churning out cars with known problems, that have not been rectified prior to leaving the factory.
 

AndyCupra93

Active Member
Apr 21, 2021
296
127
If you’ve got genuine concerns with the car, then play that card and push the leasing company to preferentially terminate - car not fit for purpose.

I was close to doing that a couple of months ago with my engine start problem but it did get resolved on the third trip to the garage. Plus, I’m paying £400 a month on 1+35 basis which is far better than any other leasing deal for an equivalent vehicle around… the market isn’t in the lessees favour these days.

1803 update is booked in for next month so hoping that resolves the other software issues…
 

Tormentor

Active Member
May 3, 2021
199
102
Thanks Pords. I’m getting shot because of the majority of issues posted in the forums. As a family we play the ‘Guess what’s not working today’ game when we get in the car. It Should not be like that on a brand new vehicle. I love the drive and performance, but it’s let down by so many niggles and problems.
Wow that’s awful for you. It must be a real pig if you thinking of termination. I too am worried what can of worms I’ve ordered.
 

Wattser

Active Member
Jan 30, 2021
47
16
Wow that’s awful for you. It must be a real pig if you thinking of termination. I too am worried what can of worms I’ve ordered.
I would research it as best you can, I am sure with time the niggles will get sorted out, I just find them unacceptable in a 40k vehicle. My issue is I switched from Mercedes which is tried and tested and hassle free and I am regretting switching. I personally feel the Formentor was not ready and the release was rushed. If you are prepared to accept the multiple minor issues and then go for it because the drive of the car is fantastic. The handling and performance will certainly put a smile on your face. Plus you get a lot of looks from people trying to work out what the car is. I just went for a coffee with the Mrs and a guy started asking me all about the car as he'd never seen one...
 
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Firaxis

Active Member
Dec 24, 2018
104
51
I would research it as best you can, I am sure with time the niggles will get sorted out, I just find them unacceptable in a 40k vehicle. My issue is I switched from Mercedes which is tried and tested and hassle free and I am regretting switching. I personally feel the Formentor was not ready and the release was rushed. If you are prepared to accept the multiple minor issues and then go for it because the drive of the car is fantastic. The handling and performance will certainly put a smile on your face. Plus you get lots of looks from people trying to work out what the car is. I just went for a coffee with the Mrs and a guy started asking me all about the car as he'd never seen one...

Yep another alpha tester here pushing for rejection, some of the issues I had were a bit dangerous as well. I like the handling and engine noise / drama on occasion but for the most part it's badly insulated (road noise), penny pinched and I find the performance a bit lacking (even on the 300).. Unless you find yourself in the right power band it's just lacklustre, then again I wouldn't be surprised if there's an issue as it's leaking in few places. I've had the car 2 weeks BTW..

Of course I knew it was overpriced when I bought it and willing to compromise in some areas because there's not much competition around. Although added to all the issues and dire ergonomics it became a poorly constructed joke. I've had 20 or so cars, some deemed unreliable and y'know what I've only had "real" issues with one other car besides the Cupra. When you're beaten in the reliability stakes by an Alfa 156 something ain't right..

I test drove the MK3 Seat Leon Cupra and that was a fantastic car, I'd of actually paid 38K for it and been happy if that says anything.
 
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Wattser

Active Member
Jan 30, 2021
47
16
Yep another alpha tester here pushing for rejection, some of the issues I had were a bit dangerous as well. I like the handling and engine noise / drama on occasion but for the most part it's badly insulated (road noise), penny pinched and I find the performance a bit lacking (even on the 300).. Unless you find yourself in the right power band it's just lacklustre, then again I wouldn't be surprised if there's an issue as it's leaking in few places. I've had the car 2 weeks BTW..

Of course I knew it was overpriced when I bought it and willing to compromise in some areas because there's not much competition around. Although added to all the issues and dire ergonomics it became a poorly constructed joke. I've had 20 or so cars, some deemed unreliable and y'know what I've only had "real" issues with one other car besides the Cupra. When you're beaten in the reliability stakes by an Alfa 156 something ain't right..

I test drove the MK3 Seat Leon Cupra and that was a fantastic car, I'd of actually paid 38K for it and been happy if that says anything.
I think the saying is 'you cannot polish a turd or roll it in glitter' and I totally agree on the reliability statement. Something is not right, even with all the extras included the car is poor and I do not want to be stuck with it...
 
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AndrewRL

Active Member
Jun 17, 2021
25
18
Two comments

Firstly, back to the original thread. As others have said - check your contract. However, you should be able to log on and get an up to date termination figure at any time. It is unlikely you will lose anything other than a bit of interest. I took out Cupra PCP to get the Cupra contribution and service deal and then paid off the contract less than a month later so effectively paid cash for the car and only paid a few pounds interest.

Secondly, regarding forums/bad comments. The vast majority of forum comments tend to be negative or people looking for help with issues (me included). They rarely reflect those who are extremely pleased with their cars! I have to say that I am pretty p*ss*d off with the "infotainment" system and the need to connect it with the internet, set up users etc but by and large I adore the car. If you read my posts you would only get the p*ss*d off rather than adore view! So I wouldn't take these forums as a prediction of what you will get or experience.
 

Firaxis

Active Member
Dec 24, 2018
104
51
Secondly, regarding forums/bad comments. The vast majority of forum comments tend to be negative or people looking for help with issues (me included). They rarely reflect those who are extremely pleased with their cars! I have to say that I am pretty p*ss*d off with the "infotainment" system and the need to connect it with the internet, set up users etc but by and large I adore the car. If you read my posts you would only get the p*ss*d off rather than adore view! So I wouldn't take these forums as a prediction of what you will get or experience.

Sometimes it's general specific murmurings and other times it's justified. Some people probably want a cheap rowdy hot hatch style car that handles on rails, I certainly appreciate personality in cars hence I wouldn't have bothered. The issue is it isn't cheap and the car doesn't have the ergonomics, QA, fit, finish or customer support that BMW or even Kia has. If infotainment was the only problem here I wouldn't be terminating it..

My partner had a Stinger and about 12 months ago it cost the same as a Cupra Formentor / Leon VZ3 300. In comparison the Cupra is gutless, has a pound shop interior, mediocre brakes (which are better on the Euro Spec frustratingly), poor refinement, road noise / insulation and comfort. Then we've got all the actual issues with the Cupra on top of that, in these crazy days when cars are frankly way overpriced I understand there has to be some compromise but there's a limit.

I really liked the MK3 Seat Leon Cupra but this car just feels like a bunch of cut corners at a massive premium.. Again I'm sure some will adore it but I can't help but feel a bit ripped off. I understand that worrying potential buyers isn't often ideal but it's not great to downplay those experiencing true disappointment either.
 
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Maypack

Ambassador for Cumberland Sausage
Apr 20, 2014
3,175
2,330
Gods Country - West Cumbria
Who’s your lease with?

Mines with VWFS and after having my Formentor VZ2 for 6 months I have just gained approval to reject my vehicle with the majority of my deposit being returned.

This was all done in conjunction with Cupra UK too who gave had a number of attempts to rectify my faults with no luck.


Sent from my iPhone using Tapatalk
 

AndyCupra93

Active Member
Apr 21, 2021
296
127
Who’s your lease with?

Mines with VWFS and after having my Formentor VZ2 for 6 months I have just gained approval to reject my vehicle with the majority of my deposit being returned.

This was all done in conjunction with Cupra UK too who gave had a number of attempts to rectify my faults with no luck.


Sent from my iPhone using Tapatalk

What problems did you cite specifically?
 

Agnes.Surrey

Active Member
Nov 6, 2020
772
420
Surrey
Has anyone in this forum had any experience in ending a lease deal early. I basically want to get rid of my VZ2 Formentor and I was hoping others with experience can offer some advice.

I am 6 months into a 36 month deal, will I lose my upfront payments etc.?

Thanks.
If you have lease with VWFS read my thread called Terminating Formentor. I gave up due to lack of cooperation from VWFS.

You can read first and last post: https://www.seatcupra.net/forums/threads/terminating-formentor.466456/

I had no major issue, didn't contact service, so rejection path wouldn't work in my case. And I'm not going to come up with excuses to book car for warranty repairs to push for rejection. Life is too short for visits to the dealer.
 
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Maypack

Ambassador for Cumberland Sausage
Apr 20, 2014
3,175
2,330
Gods Country - West Cumbria
What problems did you cite specifically?

I didn’t cite anything. My Cupra Relations Manager passed all the details to them that had been reported by my Cupra Dealer and the Factory in Spain. I did forward a video of the ACC doing the MOH/KPH thing with my car rapidly braking and accelerating too.

Main issues were ACC (as all have got), Blind Spot detection acting like Disco lights, Lane Assust throwing me all over the road and giving me messages to drive in the centre of the road when I was, RVC not working, KESSY not working, Virtual Pedal not working. Dealer sent a report to the factory in Spain who returned with the message that they couldn’t fix the faults.


Sent from my iPhone using Tapatalk
 

Wattser

Active Member
Jan 30, 2021
47
16
If you have lease with VWFS read my thread called Terminating Formentor. I gave up due to lack of cooperation from VWFS.

You can read first and last post: https://www.seatcupra.net/forums/threads/terminating-formentor.466456/

I had no major issue, didn't contact service, so rejection path wouldn't work in my case. And I'm not going to come up with excuses to book car for warranty repairs to push for rejection. Life is too short for visits to the dealer.
Thanks Agnes. I'll have a read
 
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