Leasing ALWAYS makes sense...

Leasing ALWAYS makes sense...

Author
Discussion

HedgeyGedgey

1,296 posts

100 months

Saturday 21st January 2017
quotequote all
nickfrog said:
DoctorJ said:
To buy that car in that spec from the dealer = £27660
That's list price though, isn't it ?
Fair point, I'd imagine very few new cars are actually sold at their list price

TarpaTow

142 posts

162 months

Saturday 21st January 2017
quotequote all
It's obvious that leasing is it going forward. I've been able to have some awesome cars that I could never afford to buy and I'm in the lucky position of being in a BM.

I'm in the financial world, so consider myself well-informed and up to speed with the best way to leverage enjoyment out of life and this is how it works in the real world.

I always remember this old guy talking years ago about how he leased a Jag (an X-Type) and how that enabled him to have a lifestyle he couldn't otherwise afford if he had to pay up front. He was really impressed with it and the fact that he owned a new prestige car.

I thought about that when I needed to project the right image in the business world and because of that I've been in Audis and BMs for ages. It obviously helps if you know the sales execs at the dealers so they can keep you up to date with the latest trends and offers, and mine work with me to get me in the best car at an affordable monthly rate.

None of the calculations people have put on this thread have made any reference to the value added to your image by being seen in a new car, especially if you're lucky to be in premium brands like BM and Audi. Maybe Mercedes, but a bit old man image for me. People see you in a BM and immediately know the sort of high achiever they're dealing with.

In business you need to keep one step ahead, and need to be seen to be where it's at. I see loads of pensioners driving around in things like Hyundais, but that image just wouldn't make an impact in the world of business. It's alright for going to the Post Office though.

Car manufacturers know what's best for their customers and do what they can to help their customers enjoy a better lifestyle, which is why they've developed these special packages to help.

Dr Jekyll

23,820 posts

267 months

Saturday 21st January 2017
quotequote all
TarpaTow said:
It's obvious that leasing is it going forward. I've been able to have some awesome cars that I could never afford to buy and I'm in the lucky position of being in a BM.

I'm in the financial world, so consider myself well-informed and up to speed with the best way to leverage enjoyment out of life and this is how it works in the real world.

I always remember this old guy talking years ago about how he leased a Jag (an X-Type) and how that enabled him to have a lifestyle he couldn't otherwise afford if he had to pay up front. He was really impressed with it and the fact that he owned a new prestige car.

I thought about that when I needed to project the right image in the business world and because of that I've been in Audis and BMs for ages. It obviously helps if you know the sales execs at the dealers so they can keep you up to date with the latest trends and offers, and mine work with me to get me in the best car at an affordable monthly rate.

None of the calculations people have put on this thread have made any reference to the value added to your image by being seen in a new car, especially if you're lucky to be in premium brands like BM and Audi. Maybe Mercedes, but a bit old man image for me. People see you in a BM and immediately know the sort of high achiever they're dealing with.

In business you need to keep one step ahead, and need to be seen to be where it's at. I see loads of pensioners driving around in things like Hyundais, but that image just wouldn't make an impact in the world of business. It's alright for going to the Post Office though.

Car manufacturers know what's best for their customers and do what they can to help their customers enjoy a better lifestyle, which is why they've developed these special packages to help.


anonymous-user

60 months

Saturday 21st January 2017
quotequote all
Dr Jekyll said:
It's his thing, pops up every few months with a poor man's Richard Porter effort.

Read the user name backwards .......

DoctorJ

6 posts

152 months

Saturday 21st January 2017
quotequote all
HedgeyGedgey said:
nickfrog said:
DoctorJ said:
To buy that car in that spec from the dealer = £27660
That's list price though, isn't it ?
Fair point, I'd imagine very few new cars are actually sold at their list price
Same could be said for the 2nd hand car adverts i mentioned, Doubt people pay the price advertised smile

HedgeyGedgey

1,296 posts

100 months

Saturday 21st January 2017
quotequote all
DoctorJ said:
HedgeyGedgey said:
nickfrog said:
DoctorJ said:
To buy that car in that spec from the dealer = £27660
That's list price though, isn't it ?
Fair point, I'd imagine very few new cars are actually sold at their list price
Same could be said for the 2nd hand car adverts i mentioned, Doubt people pay the price advertised smile
Oh yeh completely agree, whilst price and cost of running the cars is a factor in lease vs buying etc. They need to be taken with a pinch of salt imo

Scootersp

3,366 posts

194 months

Saturday 21st January 2017
quotequote all
The biggest shift for me is that more people see new as essential (or at least massively desirable), either through a fear of maintenance bills or fashion/status, combined with the dealers all set up to encourage this and make the lease/2-3year deals attractive.

Who buys and plans to keep a new car for 10 years these days? Many get nervous of them being three years old and the dreaded first mot, some might stick to 6 years with a manufacturers extended warranty, after that we are looking at a very small percentage, one owner old cars I think are rarer these days.

If you have the money then who cares what you do (all cars sap plenty of cash) but sometimes those somewhere in the middle get hooked on the 3yr cycle, and think it's almost saving them money over financing one and staying with it. A good car is still a good car after 8 or 9 years, ok there would then be better ones, but the logic of getting out while the goings good and ditching the old tired, soon to be money pit, is not really based on reality as these cars go on for many more years with owners poorer than you!

All financial comparisons leaser's do are based on the 3 year lease period compared to new, if you run this over 9 years leasing Starts looking far less attractive, OK so at years 4 and 7 you aren't in a brand new car again, but it's still that same lovely car you got all excited about all those years ago.

Businesses didn't create these multitude of finance offers, deals, monthly payments, service packages etc to save you money, they are there to keep them in business by giving you convenience and an on paper easy route in to ownership, and the cycle.




Heathwood

2,757 posts

208 months

Saturday 21st January 2017
quotequote all
I agree that it's ridiculous to suggest leasing is always preferable, or vice versa. It comes down to cost, priroties and no doubt numerous other factors.

Until recently I always bought my cars outright. Given the amount I was either willing or able to spend I always bought used, usually a few years old. I like owning a car, I like looking after it and spending a few hours giving it a good polish and wax every so often. I also tend to get a little attached to cars and end up keeping them for ages.

When we needed another car recently, I considered numerous options for purchase and didn't mind whether new or used. However, all things considered, a new Skoda Yeti for £159 per month on a lease seemed like cracking value. Considering our priorities (safe, modern(ish) kiddy carrier) I don't think I could've done much better regardless of whether I bought or leased.

I don't see the need for people to so loudly promote one way over the other, other than to justify their own decision or to consciously or subconsciously seek confirmation from others that they made the right decision.

SR20i

45 posts

95 months

Saturday 21st January 2017
quotequote all
£450 for a 98 primera, couldn't care less what people think. It's never let me down and it's fun to drive. I'd rather increase my bank account than my ego.

Fox-

13,332 posts

252 months

Saturday 21st January 2017
quotequote all
SR20i said:
£450 for a 98 primera, couldn't care less what people think. It's never let me down and it's fun to drive. I'd rather increase my bank account than my ego.
What is with this idea that the only reason anyone would want a nice car is because of 'ego'? It seems a recurring theme.

johnwilliams77

8,308 posts

109 months

Saturday 21st January 2017
quotequote all
SR20i said:
£450 for a 98 primera, couldn't care less what people think. It's never let me down and it's fun to drive. I'd rather increase my bank account than my ego.
I'd rather drive a new car with all the toys smile

HedgeyGedgey

1,296 posts

100 months

Saturday 21st January 2017
quotequote all
Fox- said:
SR20i said:
£450 for a 98 primera, couldn't care less what people think. It's never let me down and it's fun to drive. I'd rather increase my bank account than my ego.
What is with this idea that the only reason anyone would want a nice car is because of 'ego'? It seems a recurring theme.
So if your neighbour had a nice Lambo or Ferrari on his driveway one day, you wouldn't think"ooooo he must be doing well"

talksthetorque

10,820 posts

141 months

Saturday 21st January 2017
quotequote all
HedgeyGedgey said:
Fox- said:
SR20i said:
£450 for a 98 primera, couldn't care less what people think. It's never let me down and it's fun to drive. I'd rather increase my bank account than my ego.
What is with this idea that the only reason anyone would want a nice car is because of 'ego'? It seems a recurring theme.
So if your neighbour had a nice Lambo or Ferrari on his driveway one day, you wouldn't think"ooooo he must be doing well"
That's not ego, that's perception of others.
Ego is looking out on to your own driveway, seeing a Ferrari and thinking "I am doing well"


HedgeyGedgey

1,296 posts

100 months

Saturday 21st January 2017
quotequote all
talksthetorque said:
That's not ego, that's perception of others.
Ego is looking out on to your own driveway, seeing a Ferrari and thinking "I am doing well"
This is my point tho, how many people want others to know they have a new car? I don't see many brand new cars that have private plates on. Why does car sales rocket in March and September? The new reg comes out. Work it out yourself

Dr Jekyll

23,820 posts

267 months

Saturday 21st January 2017
quotequote all
HedgeyGedgey said:
This is my point tho, how many people want others to know they have a new car?
Only idiots.

nickfrog

21,867 posts

223 months

Saturday 21st January 2017
quotequote all
DoctorJ said:
HedgeyGedgey said:
nickfrog said:
DoctorJ said:
To buy that car in that spec from the dealer = £27660
That's list price though, isn't it ?
Fair point, I'd imagine very few new cars are actually sold at their list price
Same could be said for the 2nd hand car adverts i mentioned, Doubt people pay the price advertised smile
Not sure you could get £5k off a £15k second hand car, unlike new.

Oilchange

8,754 posts

266 months

Saturday 21st January 2017
quotequote all
I drive round all day in a shed but it's far from boring.


swerni said:
And you get to drive round all day in a boring shed.

Sounds like fun

HedgeyGedgey

1,296 posts

100 months

Saturday 21st January 2017
quotequote all
Dr Jekyll said:
HedgeyGedgey said:
This is my point tho, how many people want others to know they have a new car?
Only idiots.
But that's an opinion. It happens and that's what modern society is nowadays. Coming from me (I'm 19) think a new corsa on finance means you'very got more money than someone who owns an older car bought outright. It's the modern world

MTech535

613 posts

117 months

Saturday 21st January 2017
quotequote all
HedgeyGedgey said:
talksthetorque said:
That's not ego, that's perception of others.
Ego is looking out on to your own driveway, seeing a Ferrari and thinking "I am doing well"
This is my point tho, how many people want others to know they have a new car? I don't see many brand new cars that have private plates on. Why does car sales rocket in March and September? The new reg comes out. Work it out yourself
I thought it was more to do with people thinking about resale value.



SR20i

45 posts

95 months

Saturday 21st January 2017
quotequote all
Fox- said:
What is with this idea that the only reason anyone would want a nice car is because of 'ego'? It seems a recurring theme.
Granted its not always ego but with a lot of people it seems to be an I'm better than you attitude. It's opinion, also to the poster who said he'd rather have all the toys, what toys are they? My car has power steering, abs, electric windows, air conditioning, no TCS or stm crap to put up with, and comfortable seats. I don't need to pay 250 a month for a badge and an engine that sounds like a John Deere tractor.