Anyone into cars but not credit?
Discussion
Fox- said:
And this is the rub - leasing works, really well, if you get one of the bonkers deals. There are many in the PH lease thread. But these are, as a proportion of cars available to buy, very very much in the minority. For most people, who decide they want Car XYZ, leasing will be probably the most expensive (yet most convenient) way of running that particular car. Especially once you start deviating from the standard specification.
I agree and I like being in a minority - for a utility car for family use they're all the same, they're like a commodity if you like. For us, a Kadjar = Tiguan = Kuga = RAV4 etc... So we take the bonkers deal on the car available that week, or that day.They often come in the right mid-spec with nothing to add though thankfully.
nickfrog said:
Fox- said:
And this is the rub - leasing works, really well, if you get one of the bonkers deals. There are many in the PH lease thread. But these are, as a proportion of cars available to buy, very very much in the minority. For most people, who decide they want Car XYZ, leasing will be probably the most expensive (yet most convenient) way of running that particular car. Especially once you start deviating from the standard specification.
I agree and I like being in a minority - for a utility car for family use they're all the same, they're like a commodity if you like. For us, a Kadjar = Tiguan = Kuga = RAV4 etc... So we take the bonkers deal on the car available that week, or that day.They often come in the right mid-spec with nothing to add though thankfully.
Correct me if I am wrong here but...when you add £11k of options to a car, you end up paying way more than just buying the car by leasing it? Not only that but if you lease it you are stuck on mileage limitations.
If I leased that I would pay £29k in total (plus admin fees).
If I bought it I would pay £38k, but it would be worth at least £10k after 3 years. And that's if I paid the price it shows on the configurator.
Also the lease is for an 8V, the Config is for an 8V2, I couldn't even tick "Matrix LED headlights" on the lease calc so it will be even more expensive.
If I leased that I would pay £29k in total (plus admin fees).
If I bought it I would pay £38k, but it would be worth at least £10k after 3 years. And that's if I paid the price it shows on the configurator.
Also the lease is for an 8V, the Config is for an 8V2, I couldn't even tick "Matrix LED headlights" on the lease calc so it will be even more expensive.
Edited by twoblacklines on Monday 24th October 21:00
You'll usually pay the full cost of any additional options over the term of the lease and any mileage over the agreed limit will be charged for.
This is why I would only lease cars with a good standard spec and if I am going to be doing a reasonable mileage in them (< 15k)
You'd have to be mad as a brush to lease in the circumstances you describe above.
I will say tough, if you add £11K worth of options to any car, regardless of purchasing method, you'll see very little of that back come sale time so always a bad idea from a purely financial standpoint. You'll also devalue a car considerably doing 25k a year for the first 3 years.
This is why I would only lease cars with a good standard spec and if I am going to be doing a reasonable mileage in them (< 15k)
You'd have to be mad as a brush to lease in the circumstances you describe above.
I will say tough, if you add £11K worth of options to any car, regardless of purchasing method, you'll see very little of that back come sale time so always a bad idea from a purely financial standpoint. You'll also devalue a car considerably doing 25k a year for the first 3 years.
BigLion said:
My thought process is that if you can't afford to buy a a car outright then you shouldn't be leasing it...
That's nice, but the reality is that if everyone were like you, except for a very small number of very wealthy individuals we'd all be driving Yugo 45s and nobody wants that.daemon said:
BigLion said:
My thought process is that if you can't afford to buy a a car outright then you shouldn't be leasing it...
Why?You may be able to tolerate the costs it, but it won't be in a way that is financially balanced with other things in life, especially over the longer term.
Sure it's great fun whilst young, but you will no doubt regret it later when you don't have a penny to your name and other priorities come into play - such as travelling, buying a house, paying for a child's upkeep etc.
It's a bit like education, it's nicer to watch tv than do homework (on the basis you could die tomorrow), but in reality you should be studying and have one eye on the future.
If you want to live hand to mouth when you slightly older and reside in a s
t hole neighbourhood then go knock yourself out.BigLion said:
daemon said:
BigLion said:
My thought process is that if you can't afford to buy a a car outright then you shouldn't be leasing it...
Why?You may be able to tolerate the costs it, but it won't be in a way that is financially balanced with other things in life, especially over the longer term.
Sure it's great fun whilst young, but you will no doubt regret it later when you don't have a penny to your name and other priorities come into play - such as travelling, buying a house, paying for a child's upkeep etc.
It's a bit like education, it's nicer to watch tv than do homework (on the basis you could die tomorrow), but in reality you should be studying and have one eye on the future.
If you want to live hand to mouth when you slightly older and reside in a s
t hole neighbourhood then go knock yourself out.ks like this 
Granfondo himself could have written this
Honestly this whole topic is just utter utter tripe.
BigLion said:
daemon said:
BigLion said:
My thought process is that if you can't afford to buy a a car outright then you shouldn't be leasing it...
Why?You may be able to tolerate the costs it, but it won't be in a way that is financially balanced with other things in life, especially over the longer term.
Sure it's great fun whilst young, but you will no doubt regret it later when you don't have a penny to your name and other priorities come into play - such as travelling, buying a house, paying for a child's upkeep etc.
It's a bit like education, it's nicer to watch tv than do homework (on the basis you could die tomorrow), but in reality you should be studying and have one eye on the future.
If you want to live hand to mouth when you slightly older and reside in a s
t hole neighbourhood then go knock yourself out.
I genuinely cant believe you typed that people who lease will end up living hand to mouth in a s
t hole neighbourhood. Laughable, genuinely laughable.
And i'm not going to willy wave, so you'll just have to trust me on this - I AM slightly older than you think i am, and i am NOT by any stretch of the imagination living hand to mouth in a s
t hole neighbourhood. 
Edited by daemon on Monday 24th October 22:12
Butter Face said:
BigLion said:
daemon said:
BigLion said:
My thought process is that if you can't afford to buy a a car outright then you shouldn't be leasing it...
Why?You may be able to tolerate the costs it, but it won't be in a way that is financially balanced with other things in life, especially over the longer term.
Sure it's great fun whilst young, but you will no doubt regret it later when you don't have a penny to your name and other priorities come into play - such as travelling, buying a house, paying for a child's upkeep etc.
It's a bit like education, it's nicer to watch tv than do homework (on the basis you could die tomorrow), but in reality you should be studying and have one eye on the future.
If you want to live hand to mouth when you slightly older and reside in a s
t hole neighbourhood then go knock yourself out.ks like this Granfondo himself could have written this
Honestly this whole topic is just utter utter tripe.
I know. Its a real "facepalm" moment.
BigLion said:
Because typically if you can't afford to buy a car outright, then I doubt in reality you can genuinely afford the depreciation of such a car or the associated running costs.
You may be able to tolerate the costs it, but it won't be in a way that is financially balanced with other things in life, especially over the longer term.
Sure it's great fun whilst young, but you will no doubt regret it later when you don't have a penny to your name and other priorities come into play - such as travelling, buying a house, paying for a child's upkeep etc.
It's a bit like education, it's nicer to watch tv than do homework (on the basis you could die tomorrow), but in reality you should be studying and have one eye on the future.
If you want to live hand to mouth when you slightly older and reside in a st hole neighbourhood then go knock yourself out.
Wow.You may be able to tolerate the costs it, but it won't be in a way that is financially balanced with other things in life, especially over the longer term.
Sure it's great fun whilst young, but you will no doubt regret it later when you don't have a penny to your name and other priorities come into play - such as travelling, buying a house, paying for a child's upkeep etc.
It's a bit like education, it's nicer to watch tv than do homework (on the basis you could die tomorrow), but in reality you should be studying and have one eye on the future.
If you want to live hand to mouth when you slightly older and reside in a s
t hole neighbourhood then go knock yourself out.BigLion said:
Because typically if you can't afford to buy a car outright, then I doubt in reality you can genuinely afford the depreciation of such a car or the associated running costs.
But that's OK as typically, leasing a car costs less than depreciation. So the saving can go towards the running costs. Or pension contributions. FredClogs said:
BigLion said:
My thought process is that if you can't afford to buy a a car outright then you shouldn't be leasing it...
That's nice, but the reality is that if everyone were like you, except for a very small number of very wealthy individuals we'd all be driving Yugo 45s and nobody wants that.daemon said:
BigLion said:
daemon said:
BigLion said:
My thought process is that if you can't afford to buy a a car outright then you shouldn't be leasing it...
Why?You may be able to tolerate the costs it, but it won't be in a way that is financially balanced with other things in life, especially over the longer term.
Sure it's great fun whilst young, but you will no doubt regret it later when you don't have a penny to your name and other priorities come into play - such as travelling, buying a house, paying for a child's upkeep etc.
It's a bit like education, it's nicer to watch tv than do homework (on the basis you could die tomorrow), but in reality you should be studying and have one eye on the future.
If you want to live hand to mouth when you slightly older and reside in a s
t hole neighbourhood then go knock yourself out.I genuinely cant believe you typed that people who lease will end up living hand to mouth in a s
t hole neighbourhood. Laughable, genuinely laughable.
And i'm not going to willy wave, so you'll just have to trust me on this - I AM slightly older than you think i am, and i am NOT by any stretch of the imagination living hand to mouth in a s
t hole neighbourhood. Edited by daemon on Monday 24th October 22:12
There is a reason why so many immigrants who came here in the 60s have outshone their counterparts in England and given their children a far better place to build from - hard work, living within means and not having a sense of entitlement that they should have the latest and best at all costs.
Don't lease a new C63, wear a £10k omega watch, £750 yeezie (sp) trainers and £130 diesel jeans, eat at the best restaurants and then go back to a s
t hole that you rent with zero account balance. Forget the show and out-doing your friends - build a financial base have some substance...you might find it fantastically fun now, but life will hopefully extend beyond tomorrow.
Life is about balance and not having your own home or two pennies to rub together, but driving around in a £800 pcm lease is sheer stupidity.
Edited by BigLion on Monday 24th October 23:14
BigLion said:
There will be exceptions, but I guarantee you that what I say is broadly true - if people want to live in the same 2 bed terrace as the one they grew up in, them knock yourselves out - but I'd suggest having some broader ambition too for goodness sake.
There is a reason why so many immigrants who came here in the 60s have outshone their counterparts in England and given their children a far better place to build from - hard work, living within means and not having a sense of entitlement that they should have the latest and best at all costs.
Don't lease a new C63, wear a £10k omega watch, £750 yeezie (sp) trainers and £130 diesel jeans, eat at the best restaurants and then go back to a st hole that you rent with zero account balance.
Forget the show and out-doing your friends - build a financial base have some substance...you might find it fantastically fun now, but life will hopefully extend beyond tomorrow.
Life is about balance and not having your own home or two pennies to rub together, but driving around in a £800 pcm lease is sheer stupidity.
I would be interested to see where you got your facts from?There is a reason why so many immigrants who came here in the 60s have outshone their counterparts in England and given their children a far better place to build from - hard work, living within means and not having a sense of entitlement that they should have the latest and best at all costs.
Don't lease a new C63, wear a £10k omega watch, £750 yeezie (sp) trainers and £130 diesel jeans, eat at the best restaurants and then go back to a s
t hole that you rent with zero account balance. Forget the show and out-doing your friends - build a financial base have some substance...you might find it fantastically fun now, but life will hopefully extend beyond tomorrow.
Life is about balance and not having your own home or two pennies to rub together, but driving around in a £800 pcm lease is sheer stupidity.
Edited by BigLion on Monday 24th October 23:14
Ok, so sometimes it is better to lease, sometimes it is better to buy, it all depends on your circumstances at the time and the deals being offered. So now that's out of the way, perhaps someone can tell me if I'm living in a parallel universe. I rarely see a new car produced by one of the usual German suspects, instead nearly everything shiny is either a Nissan Qashqai or Juke, Ford Kuga or the Hyundai or Kia equivalents. The rest are small Peugeots or Fiats which are advertised boldly at about £120 ish per month. I would think that the cost of leasing any of these would compare well with buying and is unlikely to bankrupt either the 'owners' or the nation.
However, what you could argue is that as a nation we have too much money tied up in cars, whether by owners or leasing companies, which restricts the amount available for real investment that will build up the economy.
However, what you could argue is that as a nation we have too much money tied up in cars, whether by owners or leasing companies, which restricts the amount available for real investment that will build up the economy.
DoubleD said:
I would be interested to see where you got your facts from?
Quite.My guess is that he is just massively jealous of the guys and girls who drive around in nice cars and therefore uses the justification that they can't actually afford said cars as a way to make himself feel better as either a) he can't afford them or b) that they can't possibly be as successful as him*.
*He's probably not very successful.
Ultimately there's a large number of people on here who don't like the idea that someone far younger than them can drive around in a car they couldn't possibly have obtained when they were that age. They hate that what once was their status symbol - the new BMW, Mercedes, Porsche etc. - has been hijacked by young ruffians and that they now cannot elevate themselves above these trainer wearing youths purely through their choice of automobile.
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