Anyone into cars but not credit?
Discussion
Alucidnation said:
SWoll said:
Alucidnation said:
Christ, this thread is comedy gold.
Long may it continue (although playtime is nearly over).
Well, we can't all get our kicks discussing what plant a leaf comes from now can we?Long may it continue (although playtime is nearly over).
Perhaps http://www.gardenersworld.com/forum/ might be more your thing?
Anyway, i still haven't found what plant it is.
Anyway, I thought it was an acer? And I did at least give you a link to a forum where you might get an answer.
sonnenschein3000 said:
spookly said:
"If it flies, floats or f**ks then rent it" is probably just as suitable financial advice when it comes to new vehicles as to boats and planes.
If you can lease or finance something at a fixed known cost over a fixed term that is cheaper than the depreciation of the asset.... then please explain how purchasing that product outright is financially savvy?
Leasing/financing the asset puts the burden of depreciation risk onto the financier.... buying it puts the depreciation risk on you. Unless you plan on keeping a car indefinitely then financing can be a better option. And as a car ages the maintenance and repair costs can start to get ever closer to the cost of leasing a new one. This is particularly true if you drive a lot of miles each year.
True point about the depreciation risk, but with the servicing you can buy service pack for e.g. 5 years when you buy a new car.If you can lease or finance something at a fixed known cost over a fixed term that is cheaper than the depreciation of the asset.... then please explain how purchasing that product outright is financially savvy?
Leasing/financing the asset puts the burden of depreciation risk onto the financier.... buying it puts the depreciation risk on you. Unless you plan on keeping a car indefinitely then financing can be a better option. And as a car ages the maintenance and repair costs can start to get ever closer to the cost of leasing a new one. This is particularly true if you drive a lot of miles each year.
Also... If i'm not mistaken, when you get a lease, it will be on the RRP/list price of the car. For example, say something like the 6-series BMW... If the car has a list price of 70k, the lease is based on this. However, if you're a cash buyer, there have been people who have gotten a 6-series for about mid-50k through these websites like drivethedeal, etc. - although huge discounts are not always the case, depending on the car.
The best lease deals are often based on a lower "purchase" price than you'd be able to buy the car for. Not all lease deals are as good as others. If the figures don't stack up then I wouldn't lease.
sonnenschein3000 said:
True point about the depreciation risk, but with the servicing you can buy service pack for e.g. 5 years when you buy a new car.
Also... If i'm not mistaken, when you get a lease, it will be on the RRP/list price of the car. For example, say something like the 6-series BMW... If the car has a list price of 70k, the lease is based on this. However, if you're a cash buyer, there have been people who have gotten a 6-series for about mid-50k through these websites like drivethedeal, etc. - although huge discounts are not always the case, depending on the car.
No, completely the opposite. Also... If i'm not mistaken, when you get a lease, it will be on the RRP/list price of the car. For example, say something like the 6-series BMW... If the car has a list price of 70k, the lease is based on this. However, if you're a cash buyer, there have been people who have gotten a 6-series for about mid-50k through these websites like drivethedeal, etc. - although huge discounts are not always the case, depending on the car.
Manufacturers will do the best deals on hire cars as the customer never knows anything other than the monthly payments.
Hence why you can hire a new S Class for £369 a month plus vat with 9 months down, or the same with a new 7 Series.
Even as a cash buyer with a a £20,000 discount you will still lose more than that over 3 years.
BMW often want to keep production up and more importantly get more on the road than Mercedes or Audi. So a new 730d sport maybe £70,000 but it costs BMW £45k to make it.
They can rent it for £19500 over 3 years and all they need to know is they can retail it for £25k at the end and they have their money back.
The guy paying cash, even with a £25k discount brining it in at £45,000 will need to see £30,000 as a trade in for it get it at the same cost over the period.
That is when leasing makes much more sense.
The simple are of buying a car is.....buy the car you want the cheapest way possible. It isn't rocket science.
Some will however prefer to pay more an be a cash buyer. I don't think that way myself, but understand many prefer it and I can see why.
SWoll said:
deltashad said:
I don't have finance on my cars. I'm seriously thinking about doing it for an exige s. Kind of want one badly.
And if you can afford it why not? Life is too short to worry about a few £ in interest, and they hold their value very well indeed.Do the right thing and get a 13 year old Honda Jazz and spend the rest of your life being a
Then come on here numerous times a month making sure you highlight that you earn good money but are really a bitter, tight boring
that drives a 13yo Honda Jazz....Not aimed at you directly Mr. 13yo Jazz, just an example
gizlaroc said:
No, completely the opposite.
Manufacturers will do the best deals on hire cars as the customer never knows anything other than the monthly payments.
Hence why you can hire a new S Class for £369 a month plus vat with 9 months down, or the same with a new 7 Series.
Even as a cash buyer with a a £20,000 discount you will still lose more than that over 3 years.
BMW often want to keep production up and more importantly get more on the road than Mercedes or Audi. So a new 730d sport maybe £70,000 but it costs BMW £45k to make it.
They can rent it for £19500 over 3 years and all they need to know is they can retail it for £25k at the end and they have their money back.
The guy paying cash, even with a £25k discount brining it in at £45,000 will need to see £30,000 as a trade in for it get it at the same cost over the period.
That is when leasing makes much more sense.
WTF?Manufacturers will do the best deals on hire cars as the customer never knows anything other than the monthly payments.
Hence why you can hire a new S Class for £369 a month plus vat with 9 months down, or the same with a new 7 Series.
Even as a cash buyer with a a £20,000 discount you will still lose more than that over 3 years.
BMW often want to keep production up and more importantly get more on the road than Mercedes or Audi. So a new 730d sport maybe £70,000 but it costs BMW £45k to make it.
They can rent it for £19500 over 3 years and all they need to know is they can retail it for £25k at the end and they have their money back.
The guy paying cash, even with a £25k discount brining it in at £45,000 will need to see £30,000 as a trade in for it get it at the same cost over the period.
That is when leasing makes much more sense.
1. BMW keeps production up if you buy a car from them in cash OR if you lease it. In both cases they manufacture you a car.
2. BMW aren't in the business to break even.
3. £45k - £19.5k is £25.5k.
walm said:
spookly said:
If you can lease or finance something at a fixed known cost over a fixed term that is cheaper than the depreciation of the asset.... then please explain how purchasing that product outright is financially savvy?
What you are missing is that it is usually IMPOSSIBLE to have finance be cheaper than depreciation.This is obvious.
The lease company has to pay for the depreciation (you can't escape that).
So they charge that and add on an interest charge too.
Otherwise they will lose money.
However, what has changed is the following:
Interest rates are nearly zero.
Lease companies finally got their act together and buy HUGE volumes in bulk securing a significant discount from OEMs.
So the lease company's depreciation is much lower than the punter's depreciation.
They pass some of that saving to their customers to make the numbers work for both lease company and punter.
Over 2 years it will be cheaper than the depreciation by a fair margin.
Depreciation that you would experience if purchasing then disposing of is what we should compare against, not some unknown internal depreciation metric based on an unknown purchase price deal between financier and manufacturer. It is irrelevant to me what the lease company costs are, or how they run their books.
If the total costs to me for the 2 year lease (£7260) is less than the likely depreciation - I'd estimate about £11.5K as a trade in... then it doesn't matter how the manufacturer discount it or the finance company run their books.... for the two years I own a fixed cost, no risk, new car.
And yes, it will be cheaper than the depreciation (as suffered by someone who purchased at best market discount available to joe public, and then traded in at two years).
And no, it isn't unique and there are plenty of lease deals in the market that beat the available discounted retail purchase cost and the depreciation cost over the same lease term.
I have no preference for PCP, lease or outright purchase. I'm sensible enough that I will do whichever is cheaper.
For my main car I'd rather have a new car every few years.
The last 5 new cars I've had, leasing has worked out cheaper for all of them... but I always calculate cash price, best discounts available, lease costs, manufacturer finance, and alternative finance. Then I do what I think is the best value considering I only intend to keep it 2 or 3 years.
The most convincing argument - for me - for getting a lease when you have the cash to buy outright is that that cash can be used elsewhere, e.g. to fund an investment such as a buy to let property (ok, fine, partially on a mortgage which is also a type of finance) or something, which you will also get a return on - however the cash is in an appreciating asset, and you are leasing the depreciating asset.
walm said:
gizlaroc said:
No, completely the opposite.
Manufacturers will do the best deals on hire cars as the customer never knows anything other than the monthly payments.
Hence why you can hire a new S Class for £369 a month plus vat with 9 months down, or the same with a new 7 Series.
Even as a cash buyer with a a £20,000 discount you will still lose more than that over 3 years.
BMW often want to keep production up and more importantly get more on the road than Mercedes or Audi. So a new 730d sport maybe £70,000 but it costs BMW £45k to make it.
They can rent it for £19500 over 3 years and all they need to know is they can retail it for £25k at the end and they have their money back.
The guy paying cash, even with a £25k discount brining it in at £45,000 will need to see £30,000 as a trade in for it get it at the same cost over the period.
That is when leasing makes much more sense.
WTF?Manufacturers will do the best deals on hire cars as the customer never knows anything other than the monthly payments.
Hence why you can hire a new S Class for £369 a month plus vat with 9 months down, or the same with a new 7 Series.
Even as a cash buyer with a a £20,000 discount you will still lose more than that over 3 years.
BMW often want to keep production up and more importantly get more on the road than Mercedes or Audi. So a new 730d sport maybe £70,000 but it costs BMW £45k to make it.
They can rent it for £19500 over 3 years and all they need to know is they can retail it for £25k at the end and they have their money back.
The guy paying cash, even with a £25k discount brining it in at £45,000 will need to see £30,000 as a trade in for it get it at the same cost over the period.
That is when leasing makes much more sense.
1. BMW keeps production up if you buy a car from them in cash OR if you lease it. In both cases they manufacture you a car.
2. BMW aren't in the business to break even.
3. £45k - £19.5k is £25.5k.
If they aren't selling enough at full price then temporary 'special' lease deals are often available to fill factory slots that haven't sold at even a discounted retail price.
BMW would rather break even than have unsold stock sitting around. Leasing allows them to have a mechanism to put cars out at little to no profit to make sure they don't have unsold cars sat around, with as little effect on the retail price as possible.
I'd say that most lease deals are in line with the best normal discounted retail price. If you wait for a 'special' lease deal, when they need to move unsold stock or unfilled factory slots, then the lease deals will be much cheaper than purchase/depreciation.
Is it that hard to fathom?
spookly said:
Did you see the example of the car I currently lease?
Over 2 years it will be cheaper than the depreciation by a fair margin.
It is possible now.Over 2 years it will be cheaper than the depreciation by a fair margin.
But this is a very recent phenomenon for the reasons I listed: interest rates and volume discounts.
Basic economics matter - lease companies can't run at a loss.
Back when interest rates were 5% not 0.5% and individual dealers were the only ones offering leases, the cash buyer was better off.
spookly said:
Point is that they can flood the market with cheap leases without affecting the retail price for the most part.
If they aren't selling enough at full price then temporary 'special' lease deals are often available to fill factory slots that haven't sold at even a discounted retail price.
BMW would rather break even than have unsold stock sitting around. Leasing allows them to have a mechanism to put cars out at little to no profit to make sure they don't have unsold cars sat around, with as little effect on the retail price as possible.
I'd say that most lease deals are in line with the best normal discounted retail price. If you wait for a 'special' lease deal, when they need to move unsold stock or unfilled factory slots, then the lease deals will be much cheaper than purchase/depreciation.
Is it that hard to fathom?
Not hard at all.If they aren't selling enough at full price then temporary 'special' lease deals are often available to fill factory slots that haven't sold at even a discounted retail price.
BMW would rather break even than have unsold stock sitting around. Leasing allows them to have a mechanism to put cars out at little to no profit to make sure they don't have unsold cars sat around, with as little effect on the retail price as possible.
I'd say that most lease deals are in line with the best normal discounted retail price. If you wait for a 'special' lease deal, when they need to move unsold stock or unfilled factory slots, then the lease deals will be much cheaper than purchase/depreciation.
Is it that hard to fathom?
And I completely agree.
Sadly this is only a temporary fix (if the proportion on lease were fixed, it would be ok, but it is rising).
When the proportion on leases (either normal or "special") plateaus then there is no one left to tempt (no incremental buyers just returning customers).
At this point the market is "flooded" with returning lease vehicles which kills the residuals which in turn lowers the incentive to buy new, even on lease.
This is why BMW and all the OEMs are trading on single-digit PEs not 20x.
walm said:
gizlaroc said:
No, completely the opposite.
Manufacturers will do the best deals on hire cars as the customer never knows anything other than the monthly payments.
Hence why you can hire a new S Class for £369 a month plus vat with 9 months down, or the same with a new 7 Series.
Even as a cash buyer with a a £20,000 discount you will still lose more than that over 3 years.
BMW often want to keep production up and more importantly get more on the road than Mercedes or Audi. So a new 730d sport maybe £70,000 but it costs BMW £45k to make it.
They can rent it for £19500 over 3 years and all they need to know is they can retail it for £25k at the end and they have their money back.
The guy paying cash, even with a £25k discount brining it in at £45,000 will need to see £30,000 as a trade in for it get it at the same cost over the period.
That is when leasing makes much more sense.
WTF?Manufacturers will do the best deals on hire cars as the customer never knows anything other than the monthly payments.
Hence why you can hire a new S Class for £369 a month plus vat with 9 months down, or the same with a new 7 Series.
Even as a cash buyer with a a £20,000 discount you will still lose more than that over 3 years.
BMW often want to keep production up and more importantly get more on the road than Mercedes or Audi. So a new 730d sport maybe £70,000 but it costs BMW £45k to make it.
They can rent it for £19500 over 3 years and all they need to know is they can retail it for £25k at the end and they have their money back.
The guy paying cash, even with a £25k discount brining it in at £45,000 will need to see £30,000 as a trade in for it get it at the same cost over the period.
That is when leasing makes much more sense.
1. BMW keeps production up if you buy a car from them in cash OR if you lease it. In both cases they manufacture you a car.
2. BMW aren't in the business to break even.
3. £45k - £19.5k is £25.5k.
2) They still make a huge amount per car on servicing, warranties etc. over it's life. They can also often sell the used car with a finance package, so more profit.
3) Well done.
walm said:
WTF?
1. BMW keeps production up if you buy a car from them in cash OR if you lease it. In both cases they manufacture you a car.
2. BMW aren't in the business to break even.
3. £45k - £19.5k is £25.5k.
How many BMW 7 Series do you think they sell at £369 a month (headline figure) compared with £69,800? 1. BMW keeps production up if you buy a car from them in cash OR if you lease it. In both cases they manufacture you a car.
2. BMW aren't in the business to break even.
3. £45k - £19.5k is £25.5k.
The business manager at Coopers shops with me and he says it is around 50 to 1 on 7 Series for leasing vs cash purchase.
Normally doddery old fools who simply can't get their head around leasing is cheaper.
Of course BMW are not in the business to break even, but they have certain models that they are happy to make peanuts on to get sales from the competition. And they tend to get money at the back end when they retail them used at 3 years old.
walm said:
spookly said:
Did you see the example of the car I currently lease?
Over 2 years it will be cheaper than the depreciation by a fair margin.
It is possible now.Over 2 years it will be cheaper than the depreciation by a fair margin.
But this is a very recent phenomenon for the reasons I listed: interest rates and volume discounts.
Basic economics matter - lease companies can't run at a loss.
Back when interest rates were 5% not 0.5% and individual dealers were the only ones offering leases, the cash buyer was better off.
But even when interest rates were higher there were still very good lease deals to be had.
If manufacturers need to shift cars they will happily use lease deals to dump cars into the market at a break even price. Unsold cars depreciate in value if they sit too long, and there are also storage costs. Idle factories also cost a lot of money too. Better to sell a production slot at cost than let the slot be unproductive but still incur staff costs. Most manufacturers seem to prefer that most cars already have an allocated owner before they are even produced, as this reduces storage and logistics costs.
My Golf R Estate was part of a short lived deal to fill a load of production slots. If those slots had already been sold through the dealer networks at near full price then the cheap leases would not have been offered.
My best ever lease deal was on a 2003 MX5 1.8. 1+11 payments. £149 a month. 13 years ago. Interest rates were at 4-5%.
That deal was available as there were a whole load of MX5's which Mazda needed to shift.
At the time, I enquired in the local dealer - no discounts offered at all for straight purchase. Best PCP finance they offered was IIRC about £2k down and £300 a month. Why would I buy it when it would depreciate more than I could rent it for? Also, as it was a 12 month deal it didn't need any tyres or servicing.
BMW 730d....
https://www.contracthireandleasing.com/car-leasing...
£338 a month plus vat with 9 months down.
You would have to be a bit thick to go and buy one new with cash imho.
This has been going on for years.
My old man leased his first car in 2004, it was a Merc S320, it was a £56,000 car new and he leased it for £279 a month plus vat with 6 months down.
He really, really, struggled to get his head around 'not owning' his car. But after two years when he just threw the keys back and started over, on a 730d sport at £319 a month, he said he would never buy again.
Well that is not true, he has just retired and bought a 2 year old X3. But while he had an income and while he wanted big waft machines, he just went with the cheapest way to be in that car. He changes his car every 2-3 years anyway, so why does he feel the need to own it?
Unless you run your cars for 15 years, or buy them at 10 years old leasing is often the cheapest option now.
It gives the manufacturers complete control over discounts and pricing, they love it and you can see they love it in the silly deals that are about.
https://www.contracthireandleasing.com/car-leasing...
£338 a month plus vat with 9 months down.
You would have to be a bit thick to go and buy one new with cash imho.
This has been going on for years.
My old man leased his first car in 2004, it was a Merc S320, it was a £56,000 car new and he leased it for £279 a month plus vat with 6 months down.
He really, really, struggled to get his head around 'not owning' his car. But after two years when he just threw the keys back and started over, on a 730d sport at £319 a month, he said he would never buy again.
Well that is not true, he has just retired and bought a 2 year old X3. But while he had an income and while he wanted big waft machines, he just went with the cheapest way to be in that car. He changes his car every 2-3 years anyway, so why does he feel the need to own it?
Unless you run your cars for 15 years, or buy them at 10 years old leasing is often the cheapest option now.
It gives the manufacturers complete control over discounts and pricing, they love it and you can see they love it in the silly deals that are about.
walm said:
spookly said:
Point is that they can flood the market with cheap leases without affecting the retail price for the most part.
If they aren't selling enough at full price then temporary 'special' lease deals are often available to fill factory slots that haven't sold at even a discounted retail price.
BMW would rather break even than have unsold stock sitting around. Leasing allows them to have a mechanism to put cars out at little to no profit to make sure they don't have unsold cars sat around, with as little effect on the retail price as possible.
I'd say that most lease deals are in line with the best normal discounted retail price. If you wait for a 'special' lease deal, when they need to move unsold stock or unfilled factory slots, then the lease deals will be much cheaper than purchase/depreciation.
Is it that hard to fathom?
Not hard at all.If they aren't selling enough at full price then temporary 'special' lease deals are often available to fill factory slots that haven't sold at even a discounted retail price.
BMW would rather break even than have unsold stock sitting around. Leasing allows them to have a mechanism to put cars out at little to no profit to make sure they don't have unsold cars sat around, with as little effect on the retail price as possible.
I'd say that most lease deals are in line with the best normal discounted retail price. If you wait for a 'special' lease deal, when they need to move unsold stock or unfilled factory slots, then the lease deals will be much cheaper than purchase/depreciation.
Is it that hard to fathom?
And I completely agree.
Sadly this is only a temporary fix (if the proportion on lease were fixed, it would be ok, but it is rising).
When the proportion on leases (either normal or "special") plateaus then there is no one left to tempt (no incremental buyers just returning customers).
At this point the market is "flooded" with returning lease vehicles which kills the residuals which in turn lowers the incentive to buy new, even on lease.
This is why BMW and all the OEMs are trading on single-digit PEs not 20x.
I think it is almost inevitable that most of the market will go in this direction, particularly if EVs ever become more commonplace.
When most people view a car as an 'appliance' that they use to get them around, then why not pay to rent rather than take on risk s of ownership? Especially if they cotton on to that being cheaper?
Would this see lease prices rise? Maybe. I've been leasing for 14+ years. Still good deals available.
During that time I have probably also bought outright and sold or scrapped around 20 other cars.
If leasing isn't best value next time I'm looking then I won't lease. But while these silly deals are available, you'd be silly not to.
swerni said:
sonnenschein3000 said:
spookly said:
"If it flies, floats or f**ks then rent it" is probably just as suitable financial advice when it comes to new vehicles as to boats and planes.
If you can lease or finance something at a fixed known cost over a fixed term that is cheaper than the depreciation of the asset.... then please explain how purchasing that product outright is financially savvy?
Leasing/financing the asset puts the burden of depreciation risk onto the financier.... buying it puts the depreciation risk on you. Unless you plan on keeping a car indefinitely then financing can be a better option. And as a car ages the maintenance and repair costs can start to get ever closer to the cost of leasing a new one. This is particularly true if you drive a lot of miles each year.
True point about the depreciation risk, but with the servicing you can buy service pack for e.g. 5 years when you buy a new car.If you can lease or finance something at a fixed known cost over a fixed term that is cheaper than the depreciation of the asset.... then please explain how purchasing that product outright is financially savvy?
Leasing/financing the asset puts the burden of depreciation risk onto the financier.... buying it puts the depreciation risk on you. Unless you plan on keeping a car indefinitely then financing can be a better option. And as a car ages the maintenance and repair costs can start to get ever closer to the cost of leasing a new one. This is particularly true if you drive a lot of miles each year.
Also... If i'm not mistaken, when you get a lease, it will be on the RRP/list price of the car. For example, say something like the 6-series BMW... If the car has a list price of 70k, the lease is based on this. However, if you're a cash buyer, there have been people who have gotten a 6-series for about mid-50k through these websites like drivethedeal, etc. - although huge discounts are not always the case, depending on the car.
next
He's completely wrong that's what he is!!
Lease companies get discounts that would make most cash buyers cream themselves!
Butter Face said:
swerni said:
sonnenschein3000 said:
spookly said:
"If it flies, floats or f**ks then rent it" is probably just as suitable financial advice when it comes to new vehicles as to boats and planes.
If you can lease or finance something at a fixed known cost over a fixed term that is cheaper than the depreciation of the asset.... then please explain how purchasing that product outright is financially savvy?
Leasing/financing the asset puts the burden of depreciation risk onto the financier.... buying it puts the depreciation risk on you. Unless you plan on keeping a car indefinitely then financing can be a better option. And as a car ages the maintenance and repair costs can start to get ever closer to the cost of leasing a new one. This is particularly true if you drive a lot of miles each year.
True point about the depreciation risk, but with the servicing you can buy service pack for e.g. 5 years when you buy a new car.If you can lease or finance something at a fixed known cost over a fixed term that is cheaper than the depreciation of the asset.... then please explain how purchasing that product outright is financially savvy?
Leasing/financing the asset puts the burden of depreciation risk onto the financier.... buying it puts the depreciation risk on you. Unless you plan on keeping a car indefinitely then financing can be a better option. And as a car ages the maintenance and repair costs can start to get ever closer to the cost of leasing a new one. This is particularly true if you drive a lot of miles each year.
Also... If i'm not mistaken, when you get a lease, it will be on the RRP/list price of the car. For example, say something like the 6-series BMW... If the car has a list price of 70k, the lease is based on this. However, if you're a cash buyer, there have been people who have gotten a 6-series for about mid-50k through these websites like drivethedeal, etc. - although huge discounts are not always the case, depending on the car.
next
He's completely wrong that's what he is!!
Lease companies get discounts that would make most cash buyers cream themselves!
SWoll said:
Butter Face said:
swerni said:
sonnenschein3000 said:
spookly said:
"If it flies, floats or f**ks then rent it" is probably just as suitable financial advice when it comes to new vehicles as to boats and planes.
If you can lease or finance something at a fixed known cost over a fixed term that is cheaper than the depreciation of the asset.... then please explain how purchasing that product outright is financially savvy?
Leasing/financing the asset puts the burden of depreciation risk onto the financier.... buying it puts the depreciation risk on you. Unless you plan on keeping a car indefinitely then financing can be a better option. And as a car ages the maintenance and repair costs can start to get ever closer to the cost of leasing a new one. This is particularly true if you drive a lot of miles each year.
True point about the depreciation risk, but with the servicing you can buy service pack for e.g. 5 years when you buy a new car.If you can lease or finance something at a fixed known cost over a fixed term that is cheaper than the depreciation of the asset.... then please explain how purchasing that product outright is financially savvy?
Leasing/financing the asset puts the burden of depreciation risk onto the financier.... buying it puts the depreciation risk on you. Unless you plan on keeping a car indefinitely then financing can be a better option. And as a car ages the maintenance and repair costs can start to get ever closer to the cost of leasing a new one. This is particularly true if you drive a lot of miles each year.
Also... If i'm not mistaken, when you get a lease, it will be on the RRP/list price of the car. For example, say something like the 6-series BMW... If the car has a list price of 70k, the lease is based on this. However, if you're a cash buyer, there have been people who have gotten a 6-series for about mid-50k through these websites like drivethedeal, etc. - although huge discounts are not always the case, depending on the car.
next
He's completely wrong that's what he is!!
Lease companies get discounts that would make most cash buyers cream themselves!
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