Leasing ALWAYS makes sense...
Discussion
No??
Unlike anything else in life I don't see the sense in 'owning' your car- is there any point in having someone you own by the time it potentially becomes a money pit? The ideal garage for me is a modern car for everyday use and a classic car for fun days (and a nice classic is clearly the car you want to own).
An Audi Allroad can be had for £250ish pounds a month (£300ish if you count initial payment) for 2 years- isn't any other similar car going to cost the same or more to buy?
Unlike anything else in life I don't see the sense in 'owning' your car- is there any point in having someone you own by the time it potentially becomes a money pit? The ideal garage for me is a modern car for everyday use and a classic car for fun days (and a nice classic is clearly the car you want to own).
An Audi Allroad can be had for £250ish pounds a month (£300ish if you count initial payment) for 2 years- isn't any other similar car going to cost the same or more to buy?
Leicesterdave said:
No??
Unlike anything else in life I don't see the sense in 'owning' your car- is there any point in having someone you own by the time it potentially becomes a money pit? The ideal garage for me is a modern car for everyday use and a classic car for fun days (and a nice classic is clearly the car you want to own).
An Audi Allroad can be had for £250ish pounds a month (£300ish if you count initial payment) for 2 years- isn't any other similar car going to cost the same or more to buy?
How is the classic the one you want to own? Why don't you lease it Unlike anything else in life I don't see the sense in 'owning' your car- is there any point in having someone you own by the time it potentially becomes a money pit? The ideal garage for me is a modern car for everyday use and a classic car for fun days (and a nice classic is clearly the car you want to own).
An Audi Allroad can be had for £250ish pounds a month (£300ish if you count initial payment) for 2 years- isn't any other similar car going to cost the same or more to buy?
But seriously there are cars to lease and cars to own.
Leicesterdave said:
No??
Unlike anything else in life I don't see the sense in 'owning' your car- is there any point in having someone you own by the time it potentially becomes a money pit? The ideal garage for me is a modern car for everyday use and a classic car for fun days (and a nice classic is clearly the car you want to own).
An Audi Allroad can be had for £250ish pounds a month (£300ish if you count initial payment) for 2 years- isn't any other similar car going to cost the same or more to buy?
Where's the Audi Allroad for £250/mo please? (cough cough bullsUnlike anything else in life I don't see the sense in 'owning' your car- is there any point in having someone you own by the time it potentially becomes a money pit? The ideal garage for me is a modern car for everyday use and a classic car for fun days (and a nice classic is clearly the car you want to own).
An Audi Allroad can be had for £250ish pounds a month (£300ish if you count initial payment) for 2 years- isn't any other similar car going to cost the same or more to buy?
t)Now there's a sweeping statement!
Of course it doesn't always make sense. In fact it only makes sense if you absolutely have to have a shiny new car every couple of years, don't mind paying for it, and don't get too attached to your cars, and don't mind the hassle of looking for another deal again after a short period.
Of course it doesn't always make sense. In fact it only makes sense if you absolutely have to have a shiny new car every couple of years, don't mind paying for it, and don't get too attached to your cars, and don't mind the hassle of looking for another deal again after a short period.
Your wrong. I'll make it easy to understand.
I use my daily to go to work and back and the odd trip out.
You:
£250 x 12 = £3000 / year.
Over 3 years that's £9000.
Me:
My car (it doesn't matter what this is - it goes a to b which is the priority in my case) cost substantially less than £9000 3 years ago. over 3 years I would guestimate its cost me £500 - 600 to keep it on the road (mot tax repairs etc).
Costs including the car - £1500 approx.
Now, I'm £7,500 up on you.
If my car now becomes a money pit, or died. I could buy something to go A to B for 2k. I'm still £5500 up on you. Over the next 3 years, it is very unlikely I'm going to spend £5500. By which point you've spent another £9000.
You in 6 years:
18,000 and you don't own a car..
I could probably kill 5 cars and have change left over.
I use my daily to go to work and back and the odd trip out.
You:
£250 x 12 = £3000 / year.
Over 3 years that's £9000.
Me:
My car (it doesn't matter what this is - it goes a to b which is the priority in my case) cost substantially less than £9000 3 years ago. over 3 years I would guestimate its cost me £500 - 600 to keep it on the road (mot tax repairs etc).
Costs including the car - £1500 approx.
Now, I'm £7,500 up on you.
If my car now becomes a money pit, or died. I could buy something to go A to B for 2k. I'm still £5500 up on you. Over the next 3 years, it is very unlikely I'm going to spend £5500. By which point you've spent another £9000.
You in 6 years:
18,000 and you don't own a car..
I could probably kill 5 cars and have change left over.
Edited by Spawn on Thursday 19th January 20:50
Edited by Spawn on Thursday 19th January 20:51
Leicesterdave said:
No??
Unlike anything else in life I don't see the sense in 'owning' your car- is there any point in having someone you own by the time it potentially becomes a money pit? The ideal garage for me is a modern car for everyday use and a classic car for fun days (and a nice classic is clearly the car you want to own).
An Audi Allroad can be had for £250ish pounds a month (£300ish if you count initial payment) for 2 years- isn't any other similar car going to cost the same or more to buy?
Rumblelows?Unlike anything else in life I don't see the sense in 'owning' your car- is there any point in having someone you own by the time it potentially becomes a money pit? The ideal garage for me is a modern car for everyday use and a classic car for fun days (and a nice classic is clearly the car you want to own).
An Audi Allroad can be had for £250ish pounds a month (£300ish if you count initial payment) for 2 years- isn't any other similar car going to cost the same or more to buy?
Roger Irrelevant said:
Where do people to to find the lease deals that are quoted on here? The OP's example - an Audi Allroad for a little over £7k for two years - does sound pretty good. But when I look I can't find a deal close to that.
Contract hire and leasing's website is a good start. It's a business deal, so excludes vat, but it's 6.5k
No. No thanks. No, no, no, no.
I'd MUCH rather have a nicely looked-after second-hand motor, thank you very much. Closest size/spec/power I can get to my car from BMW is a 430i, more or less. That'll cost me up to £500 a month on a lease - my 2009 SAAB 9-5 cost me £4400 outright with 28k miles on it in September, has everything I could want from a car (some slightly uninspiring handling aside), and I OWN it.
I'd MUCH rather have a nicely looked-after second-hand motor, thank you very much. Closest size/spec/power I can get to my car from BMW is a 430i, more or less. That'll cost me up to £500 a month on a lease - my 2009 SAAB 9-5 cost me £4400 outright with 28k miles on it in September, has everything I could want from a car (some slightly uninspiring handling aside), and I OWN it.
I don't understand leasing cars when people say how it 'saves them money' or 'only costs x hundred a month'. In my world, I currently run a cheap banger (yes, admittedly it's not shiny and new) that I own outright and has only cost me > £800. For a year and 11k miles of running. Including buying the car and maintaining it to a good standard. That's under £66.67 a month to put it in perspective of a lease. On the flip side, the car is 16 years old, has no gadgets and looks a bit sheddy. But I'll get at least £500 of my £800 spend back if I decided to sell tomorrow, and i don't really care about what it looks like or how many gadgets it has when I'm driving to work or taking stuff to the tip.
Does leasing always make sense? Not to me, it doesn't.
Does leasing always make sense? Not to me, it doesn't.
Many people on here seem to have missed the point and are comparing leasing a £30k car with buying a £3k.
That's is an argument for old and cheap cars compared with new cars and has nothing to do with how the car is funded.
If someone wants to drive around in a new £20k+ car then leasing is often better financially. If you want to drive around in a £3k 10 year old car then leading isn't even an option .
That's is an argument for old and cheap cars compared with new cars and has nothing to do with how the car is funded.
If someone wants to drive around in a new £20k+ car then leasing is often better financially. If you want to drive around in a £3k 10 year old car then leading isn't even an option .
buggalugs said:
Leicesterdave said:
No??
Unlike anything else in life I don't see the sense in 'owning' your car- is there any point in having someone you own by the time it potentially becomes a money pit? The ideal garage for me is a modern car for everyday use and a classic car for fun days (and a nice classic is clearly the car you want to own).
An Audi Allroad can be had for £250ish pounds a month (£300ish if you count initial payment) for 2 years- isn't any other similar car going to cost the same or more to buy?
Where's the Audi Allroad for £250/mo please? (cough cough bullsUnlike anything else in life I don't see the sense in 'owning' your car- is there any point in having someone you own by the time it potentially becomes a money pit? The ideal garage for me is a modern car for everyday use and a classic car for fun days (and a nice classic is clearly the car you want to own).
An Audi Allroad can be had for £250ish pounds a month (£300ish if you count initial payment) for 2 years- isn't any other similar car going to cost the same or more to buy?
t)AUDI A4 3.0TDI QUATTRO ALLROAD ESTATE AUTO
Image result for A4 ALLROAD
INITIAL RENTAL £2000+VAT
10,000 MILES PER ANNUM
23 RENTALS £189.99+VAT
PERSONAL £227.99 INCLUDING VAT
Or NO INITIAL RENTAL
24 straight rentals £269.99+VAT
11p plus vat excess
FACTORY ORDER
SPORT VERSION £30+VAT MORE
SPORT SPEC:
18” ALLOYS, FULL LEATHER, SAT NAV, XENONS, PRIVACY, HEADLAMP WASHERS, AUDI PARKING SYSTEM PLUS, PRE SENSE COLLISION AVOIDANCE,
I have always owned my own car but 18 months ago I leased a 520d m sport touring for £296 per month inc Vat, servicing and tyres. One service and a 2 tyres so far and I am just under 20k with 4 months left. I think it has been a great deal and one I found on Pistonheads.
It's a lovely car and the lease package has worked for me. No service or maintenance headaches and I know that in May I will be handing the car back so no stress about residuals and trying to sell it.
But I have really missed the pleasure of owning my own car. It's something you don't realise you are going to miss. Simple pleasures like washing the lease car and detailing it seem pointless and I have always enjoyed doing some of the more basic and routine service type stuff myself.
So I have just ordered a new car ( Subaru STi ) and cannot wait to have something on the drive I can enjoy looking at and take pleasure in driving from a to b.
So leasing worked for me but it's not for me anymore, if that makes sense.
It's a lovely car and the lease package has worked for me. No service or maintenance headaches and I know that in May I will be handing the car back so no stress about residuals and trying to sell it.
But I have really missed the pleasure of owning my own car. It's something you don't realise you are going to miss. Simple pleasures like washing the lease car and detailing it seem pointless and I have always enjoyed doing some of the more basic and routine service type stuff myself.
So I have just ordered a new car ( Subaru STi ) and cannot wait to have something on the drive I can enjoy looking at and take pleasure in driving from a to b.
So leasing worked for me but it's not for me anymore, if that makes sense.
Ok here's a slightly different view.
I bought my MkVI golfR I've had it about a year and done 12k in it, it's only worth what someone will pay but imo it's worth about a grand less than I bought it for, looking at the price of other 2010/11 with a lower spec. So if I keep it two more years and I lose another £4K on the price it's still £4000 less than a rental.
It's not brand new but it has a lot of toys, I don't I'd fare so well on a brand new one and I can see why people lease in that sense. If it needs a massive repair like my last Bmw did, (2008 320d needed a new engine) I probably lost out over leasing.
I like owning mine as I can mess around with it, but I am tempted by some the lease deals with some very nice cars
I bought my MkVI golfR I've had it about a year and done 12k in it, it's only worth what someone will pay but imo it's worth about a grand less than I bought it for, looking at the price of other 2010/11 with a lower spec. So if I keep it two more years and I lose another £4K on the price it's still £4000 less than a rental.
It's not brand new but it has a lot of toys, I don't I'd fare so well on a brand new one and I can see why people lease in that sense. If it needs a massive repair like my last Bmw did, (2008 320d needed a new engine) I probably lost out over leasing.
I like owning mine as I can mess around with it, but I am tempted by some the lease deals with some very nice cars
Dr Jekyll said:
No, the point is whether leasing is ALWAYS sensible. Not whether it's sensible for running a £30K car from new.
Exactly. Leasing makes absolutely no sense to me, buying used means I can own a nicer, but older, car outright. I don't want or need a brand-new car, and I don't want or need a significant monthly outgoing just to have said shiny motor.Gassing Station | General Gassing | Top of Page | What's New | My Stuff