Leasing ALWAYS makes sense...

Leasing ALWAYS makes sense...

Author
Discussion

SR20i

45 posts

89 months

Saturday 21st January 2017
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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.

Fox-

13,238 posts

246 months

Saturday 21st January 2017
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HedgeyGedgey said:
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
Some do, some don't. My car was a year old when I bought it and my plate went on within the same week. It could now be anything up to 7 years old as thats when the model first came out. Only I know how old it is, only a geek of the marque could narrow it down to less than 3 years old and only I care. Obviously some people are all ego and obsessed with pointless crap like how old everyone thinks the car they drive is but its far from everyone.

Some people just buy things because they personally want them without any consideration as to what others may think. Some of these people will buy brand new, some will lease, some will buy nearly new, others will buy classics and some will buy £500 cars and be really happy.

A lot of people buy a car because they like what it does and how it does it. Not for what others think.

HedgeyGedgey

1,282 posts

94 months

Saturday 21st January 2017
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MTech535 said:
I thought it was more to do with people thinking about resale value.
Explain more? Always comes back to wanting people to know you've got a newer car

HedgeyGedgey

1,282 posts

94 months

Saturday 21st January 2017
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Fox- said:
Some do, some don't. My car was a year old when I bought it and my plate went on within the same week. It could now be anything up to 7 years old as thats when the model first came out. Only I know how old it is, only a geek of the marque could narrow it down to less than 3 years old and only I care. Obviously some people are all ego and obsessed with pointless crap like how old everyone thinks the car they drive is but its far from everyone.

Some people just buy things because they personally want them without any consideration as to what others may think. Some of these people will buy brand new, some will lease, some will buy nearly new, others will buy classics and some will buy £500 cars and be really happy.

A lot of people buy a car because they like what it does and how it does it. Not for what others think.
I'm not saying every single car sold in those months is for this reason. This is the difference between being a "petrolhead" and being a regular Joe off the street

Dr Jekyll

23,820 posts

261 months

Saturday 21st January 2017
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HedgeyGedgey said:
Explain more? Always comes back to wanting people to know you've got a newer car
Go on then, what benefit does anyone derive from others knowing they have a new car?

Fox-

13,238 posts

246 months

Saturday 21st January 2017
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HedgeyGedgey said:
I'm not saying every single car sold in those months is for this reason. This is the difference between being a "petrolhead" and being a regular Joe off the street
You said:

'Always comes back to wanting people to know you've got a newer car'

'Always' would imply 'Every single car'.

George111

6,930 posts

251 months

Saturday 21st January 2017
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HedgeyGedgey said:
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
It's not the modern world, it's your perception. Why would the person with the old car not be saving up for a round-the-world-trip ? Might be their dream holiday and they're putting all their spare cash into it. Might be a man saving up to buy a fantastic engagement ring for his girlfriend . . . or paying for his grandma's nursing home care . . .

We don't all put all of our spare cash into a car. And this isn't even about leasing now, it's just plain old stupidity !


Dr Jekyll

23,820 posts

261 months

Saturday 21st January 2017
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George111 said:
HedgeyGedgey said:
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
It's not the modern world, it's your perception. Why would the person with the old car not be saving up for a round-the-world-trip ? Might be their dream holiday and they're putting all their spare cash into it. Might be a man saving up to buy a fantastic engagement ring for his girlfriend . . . or paying for his grandma's nursing home care . . .

We don't all put all of our spare cash into a car. And this isn't even about leasing now, it's just plain old stupidity !
And what on earth does it matter to you how much money they have anyway?

HedgeyGedgey

1,282 posts

94 months

Saturday 21st January 2017
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Dr Jekyll said:
George111 said:
HedgeyGedgey said:
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
It's not the modern world, it's your perception. Why would the person with the old car not be saving up for a round-the-world-trip ? Might be their dream holiday and they're putting all their spare cash into it. Might be a man saving up to buy a fantastic engagement ring for his girlfriend . . . or paying for his grandma's nursing home care . . .

We don't all put all of our spare cash into a car. And this isn't even about leasing now, it's just plain old stupidity !
And what on earth does it matter to you how much money they have anyway?
It's not stupidity and it is to do with leasing because it's an image thing, it's the new generation of people. I know people that have leased brand new expensive cars but still live with their parents and fill up with the cheapest petrol they can find despite being advised to be using high octane fuel. It's to do with the image they create, and how other people see them. An expensive engagement ring or a 2 bedroom flat isn't going to impress people as much as a brand new 66 plate Beemer or Audi

HedgeyGedgey

1,282 posts

94 months

Saturday 21st January 2017
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Fox- said:
You said:

'Always comes back to wanting people to know you've got a newer car'

'Always' would imply 'Every single car'.
I admit I contradicted myself there, but I corrected myself later on by saying the majority

MTech535

613 posts

111 months

Saturday 21st January 2017
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I'll start by saying leasing doesn't always make sense even if you want a brand new car, but often does.

Using myself as an example, I pay 250 a month for a VW Scirocco R.

What would you suggest as a used option that would give me the same performance for the money?

HedgeyGedgey

1,282 posts

94 months

Saturday 21st January 2017
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Seeing as I'm in PistonHeads firing range at the moment and the emails are doing my nut in. Leasing makes sense if you spend a lot time of time in your car travelling, you're a mother who wants a safe car for your children, if it's financially cheaper to lease/finance that specific car. I have said that the majority of cars are brought on finance, this is 80% factually. Im young and wise and it doesn't take a genuis to know (from personal experience) that this is for a reason at least for my age group, the amount of people round this way that want people to look at theme in their new car. Anyway I'm off out to get drunk with the lads, peace out mofo's wink

ITP

2,014 posts

197 months

Saturday 21st January 2017
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I presume the 250/month for the R doesn't include the deposit, so its probably more in reality.

You could probably buy a GTI or Focus ST with a remap that would be near as makes no difference as quick for about 5k. Probably the same as your deposit plus 6 or 9 months payments. In 2 or 3 years you'd probably get back 3k or so too.

No doubt someone will now come along and say that something that old is a total banger and will fall apart/break down every week, and cost thousands to run. This, although nonsense, will justify the lease of a new car.

Clearly, for most cars these days, if you want a NEW car every few years, leasing is better. But don't fool yourself its the cheapest way of getting from A to B in your everyday life. The reality is no-one needs a new car every few years, its just the industry has designed a financial product to shift loads of new metal and many people now actually believe (or kid themselves) its the cheapest way to get about.

Each to their own though, everyone decides how to spend their own money.


anonymous-user

54 months

Saturday 21st January 2017
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HedgeyGedgey said:
It's not stupidity and it is to do with leasing because it's an image thing, it's the new generation of people. I know people that have leased brand new expensive cars but still live with their parents and fill up with the cheapest petrol they can find despite being advised to be using high octane fuel. It's to do with the image they create, and how other people see them. An expensive engagement ring or a 2 bedroom flat isn't going to impress people as much as a brand new 66 plate Beemer or Audi
Wise, did you say rofl

johnwilliams77

8,308 posts

103 months

Saturday 21st January 2017
quotequote all
HedgeyGedgey said:
It's not stupidity and it is to do with leasing because it's an image thing, it's the new generation of people. I know people that have leased brand new expensive cars but still live with their parents and fill up with the cheapest petrol they can find despite being advised to be using high octane fuel. It's to do with the image they create, and how other people see them. An expensive engagement ring or a 2 bedroom flat isn't going to impress people as much as a brand new 66 plate Beemer or Audi
Not sure what sort of strange world you live in
I got a new car a few weeks ago, I don't think for one second anyone gives a st that the car is new or even more bizarrely is 'impressed'. Why would anyone be impressed at me paying a couple of hundred a month?! How very bizarre.

Heathwood

2,534 posts

202 months

Saturday 21st January 2017
quotequote all
yonex said:
HedgeyGedgey said:
It's not stupidity and it is to do with leasing because it's an image thing, it's the new generation of people. I know people that have leased brand new expensive cars but still live with their parents and fill up with the cheapest petrol they can find despite being advised to be using high octane fuel. It's to do with the image they create, and how other people see them. An expensive engagement ring or a 2 bedroom flat isn't going to impress people as much as a brand new 66 plate Beemer or Audi
Wise, did you say rofl
Didn't most of us think they knew it all at 19? In fairness, amongst his circle of friends and acquatances, image is likely to be high on the list of priorities and a likely reason for choosing to lease a shiny new piece of metal.

However, this is a very limited demographic and in no way reflects the reason why the majority of people lease cars.

nickfrog

21,170 posts

217 months

Saturday 21st January 2017
quotequote all
HedgeyGedgey said:
It's not stupidity and it is to do with leasing because it's an image thing, it's the new generation of people. I know people that have leased brand new expensive cars but still live with their parents and fill up with the cheapest petrol they can find despite being advised to be using high octane fuel. It's to do with the image they create, and how other people see them. An expensive engagement ring or a 2 bedroom flat isn't going to impress people as much as a brand new 66 plate Beemer or Audi
I think your post says more about your own frustrations and image issues than it says about the majority of people leasing.

MTech535

613 posts

111 months

Saturday 21st January 2017
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ITP said:
I presume the 250/month for the R doesn't include the deposit, so its probably more in reality.

You could probably buy a GTI or Focus ST with a remap that would be near as makes no difference as quick for about 5k. Probably the same as your deposit plus 6 or 9 months payments. In 2 or 3 years you'd probably get back 3k or so too.

No doubt someone will now come along and say that something that old is a total banger and will fall apart/break down every week, and cost thousands to run. This, although nonsense, will justify the lease of a new car.

Clearly, for most cars these days, if you want a NEW car every few years, leasing is better. But don't fool yourself its the cheapest way of getting from A to B in your everyday life. The reality is no-one needs a new car every few years, its just the industry has designed a financial product to shift loads of new metal and many people now actually believe (or kid themselves) its the cheapest way to get about.

Each to their own though, everyone decides how to spend their own money.
Fair enough, I did only adj for something to match the performance.

I don't really want a 10 year old car with 100k on it and the generally worn out feeling that the suspension and steering will probably have or the maintenance that would be required on such a car.

nct001

733 posts

133 months

Saturday 21st January 2017
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There are plenty of examples of where leasing does not always make best sense.

Low interest rates, combined with that some brand new cars / vans really aren't that expensive new from main dealers or online discounters. Especially when over 20k miles a year driven.

babatunde

736 posts

190 months

Saturday 21st January 2017
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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.
exactly why are you on PistonHeads? surely mumsnet is a better fit for your lifestyle only half joking