New Cars - is Leasing going to become the new norm?
Discussion
I lease a car and I'll probably lease every "white goods" vehicle I own from now on.
I'm not attached to them
I don't want to keep them
I don't want to have a massive pile of cash sat on the drive
I dont want to have to deal with dicks when selling
I do t see an issue with the debt, I'm in debt with my mortgage anyway so if I'd paid cash for the car I'd still be in debt. It's just how you choose to spin the plates.
I'm not attached to them
I don't want to keep them
I don't want to have a massive pile of cash sat on the drive
I dont want to have to deal with dicks when selling
I do t see an issue with the debt, I'm in debt with my mortgage anyway so if I'd paid cash for the car I'd still be in debt. It's just how you choose to spin the plates.
Dr Jekyll said:
otolith said:
A contractual obligation to pay for a service for the term of the contract is not the same as a debt. If you sign up for gym membership with a minimum term, it's an obligation but not a debt.
That's splitting hairs, it's the commitment that matters.Snozzwangler said:
Granfondo said:
Says the man mooching a £20 HPI on a spotter that he is probably paying with a payday loan!!! 
You do have to question the life of someone who would look through old posts...Living the dream.
Cry-w
k later?Maybe you could do a lease on the £500 snotter!!!
p1stonhead said:
Do you count renting a house/flat as being in debt? It's a contractual payment each month after all too.
If I'm committed to it for a period yes. If I'm staying in a hotel with a bill to pay when I check out that's a debt as well.What on earth is the practical difference between leasing and committing to the same payments to repay a loan?
Yawn.p1stonhead said:
Dr Jekyll said:
otolith said:
A contractual obligation to pay for a service for the term of the contract is not the same as a debt. If you sign up for gym membership with a minimum term, it's an obligation but not a debt.
That's splitting hairs, it's the commitment that matters.Where have we got to in this world when people want to dress debt up into anything but not want to call it DEBT!
Granfondo said:
Maybe his father doesn't want his son tied to a debt monkey for 3 years! 
New thread in a few months time "daughter split up from boyfriend who pays the lease!"
They will pay £1320 in year one on insurance, year 2 will be around £1200 and year three around £1000. New thread in a few months time "daughter split up from boyfriend who pays the lease!"
That is £3500 on insurance.
The car will cost them say £1500, so they are up to £5000.
The 10-15 year old car will cost them more in upkeep, so far the ones they have looked at need some suspension work doing and most looking like they are at least half way through the tyres and brakes.
If you say another £1000 in upkeep over the next 36 months, that brings you to a total of around £6000.
You then need to add on 30,000 worth of fuel, at £4500.
This bring the total of running that 10-25 year old car to £10500 over the period.
The new car with insurance is £5700 + the £4500 in fuel (although I would guess a modern car will see a good 20% better mpg wise, probably more, but let's ignore that) so £10700.
The main difference is they will have a car that is probably still worth £500-1000 at the end, so the saving for buying a 10-15 year old one could be £700-1200 over the three years, or £4.50 - 7.70 a week.
But probably best to buy some old s
t heap so she can say "I paid for it outright!' otolith said:
It's not splitting hairs - breaching a contract to pay for a service has different implications to defaulting on a debt. Unless you are Humpty Dumpty and words just mean whatever you want them to mean.
The precise implications may be different, but you are in the sherbert dip either way.
Granfondo said:
It's a real sign of the times when you can get almost £8k discount of an E class Merc and only £4k of a Ford!
Merc have been offering big discounts for quote some time, though usually through "manufacturer contributions" into finance deals. I'd say that broadspeed deal is dependant on taking out the finance, even if you cancel it immediately after.Granfondo said:
Back in the day when people owned their cars you would maybe get a set of mats thrown in the deal for your Merc if you we're very lucky!
Its all about market share though isnt it? All the big prestige brands want big market share so their doing "whatever it takes" to sell, sell, sell.Granfondo said:
You can now see who the target customer is for Merc by the chintzy crap they have been throwing together for quite a few years now.
Tailgate open and balloons with foot high £299 per month written on the doors so the lease addicts can see where their next fix is coming from!
Yes, they're aiming for a much younger market now. I remember reading somewhere that up until 2013, the average age of a merc buyer was something like 53. The new A class is aimed at a much younger buyer who seems to want "bling". Because that has worked on the A class, they're blinging up some of their bigger stuff too, so you're now seeing white E220CDIs with black roofs and black "AMG" wheels.Tailgate open and balloons with foot high £299 per month written on the doors so the lease addicts can see where their next fix is coming from!
Snozzwangler said:
Granfondo said:
Snozzwangler said:
Where's the debt?
36/48 X £150 seems like "debt" but of course lease jockeys are Debt blind! Have you struggled to pay in the past, hence your disproportionate hate of the subject?
Dr Jekyll said:
otolith said:
A contractual obligation to pay for a service for the term of the contract is not the same as a debt. If you sign up for gym membership with a minimum term, it's an obligation but not a debt.
That's splitting hairs, it's the commitment that matters.Dr Jekyll said:
p1stonhead said:
Do you count renting a house/flat as being in debt? It's a contractual payment each month after all too.
If I'm committed to it for a period yes. If I'm staying in a hotel with a bill to pay when I check out that's a debt as well.What on earth is the practical difference between leasing and committing to the same payments to repay a loan?
daemon said:
Snozzwangler said:
Granfondo said:
Snozzwangler said:
Where's the debt?
36/48 X £150 seems like "debt" but of course lease jockeys are Debt blind! Have you struggled to pay in the past, hence your disproportionate hate of the subject?
I had a feeling.ETA: isn't PCP like getting fully reamed compared to the 'evil' of leasing?
Snozzwangler said:
daemon said:
Snozzwangler said:
Granfondo said:
Snozzwangler said:
Where's the debt?
36/48 X £150 seems like "debt" but of course lease jockeys are Debt blind! Have you struggled to pay in the past, hence your disproportionate hate of the subject?
I had a feeling.Also, he used to have his personal details on his profile - cars owned, job, etc, etc, but took that all off when he realised that people could use that against him, when he was using their history against them to try and get a cheap laugh
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