Leasing ALWAYS makes sense...
Discussion
I lease a 520d for work. It's a fine motor, run on supermarket diesel, rarely washed unless I pay the local Albanian car wash. It's a tool pure and simple and a good tool.
With my other cars I have more of an emotional bond. I run them on Shell V-Power, they are washed, waxed and checked meticulously, even the £495 Daihatsu Shed. They are run on halved manufacturers service interals, I tinker with them and personalise them (not by using wild suspension and bodykits but using discreet accessories) and that makes it fun to own and drive.
With my other cars I have more of an emotional bond. I run them on Shell V-Power, they are washed, waxed and checked meticulously, even the £495 Daihatsu Shed. They are run on halved manufacturers service interals, I tinker with them and personalise them (not by using wild suspension and bodykits but using discreet accessories) and that makes it fun to own and drive.
depends i think some of the best lease deals are close to buying it with cash. finance will be more.
look at a golf r, can be had without haggling for 7k off list. drive a couple of years and sell for around 22k. cost you 3-4k. even the best deals were more and you can do what you want with it. but you have all the hassle etc off selling so they are both close.
look at a golf r, can be had without haggling for 7k off list. drive a couple of years and sell for around 22k. cost you 3-4k. even the best deals were more and you can do what you want with it. but you have all the hassle etc off selling so they are both close.
Ah, leasing vs. buying. Zero to argument in less than five seconds on PH! 
I'd say less if makes sense if;
1. You only care about the size of the car (e.g. I need something 5 series sized) but don't particularly care what the car is, and
2. You absolutely have to have a new car.
Given the two needs above, leasing is probably the cheapest way to get a certain sized carover 2-3 years. If you have any other requirements at all, it's not going to work unless you're lucky and the thing you wanted new has a deal on while you were looking to buy.
I'd say less if makes sense if;
1. You only care about the size of the car (e.g. I need something 5 series sized) but don't particularly care what the car is, and
2. You absolutely have to have a new car.
Given the two needs above, leasing is probably the cheapest way to get a certain sized carover 2-3 years. If you have any other requirements at all, it's not going to work unless you're lucky and the thing you wanted new has a deal on while you were looking to buy.
Something like a Focus RS - if you buy when they first come to the market surely you are better off buying with cash than leasing due to very low depreciation. Lease deals factor in depreciation and are probably quite similar in cost over the first two years in a lot of cases, but where depreciation is really low you can surely save money.
jeebus said:
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,
Edited by buggalugs on Thursday 19th January 21:33
A nice secondhand car negates the pcp lease and good ones should reach 200k. I bought my golf TDi for £10k and sold it for £3k after 160k miles and 8 years old. Never failed an mot and looks to be still going strong at 180k two years later. A 3rd party 3yr warranty gave piece of mind on top on the 3yr manufacturers warranty.
Leasing is a lifestyle and convenience choice for those wanting something shiny every 3-4 years. It's not really going to be Good VFM even with man maths.
Leasing is a lifestyle and convenience choice for those wanting something shiny every 3-4 years. It's not really going to be Good VFM even with man maths.
If I was going to buy that brand new all road it would depreciate an awful lot more. I've also looked at the older shape but they depreciate so slowly that they don't make sense- a sky high mileage 7 year old Allroad for £10-£12k is really pricey when you compare it to the "shiny" new lease car. A fairly complicated 7 year old car could throw a big bill thereby negating any potential savings.
Its extremely clear that you do pay for the convenience of owning a new car- is £250 -£300 a month worth paying for complete peace of mind? I guess it depends what you priorities and value in life!
Its extremely clear that you do pay for the convenience of owning a new car- is £250 -£300 a month worth paying for complete peace of mind? I guess it depends what you priorities and value in life!
About 3 years ago I convinced myself that leasing was a no brainer and sold my BMW 320d Msport (which was really nice) and leased a 330d msport.
I never really got on with the 330d but was tied in to a 3 year deal so couldn't change it. It cost me £15k and i had nothing at the end of it.
I now have a 3 year old Golf GTI it cost not a lot more than the BMW did it has a 12 month warranty and 2 years servicing and came with new tyres. whats more is I own it. I may or may not have done the right thing financially, but i doubt it will be worth nothing irrespective when i sell it but it may need some repairs.
The best thing for me though is I own it, I know it makes no logical sense but i simply feel happier owning it and take pleasure in cleaning it. I hardly ever washed the 330, never waxed or polished it but did keep it in good condition. Of course if for some reason i dont like it or get bored with it i can change it when I want to as its on my terms.
I never really got on with the 330d but was tied in to a 3 year deal so couldn't change it. It cost me £15k and i had nothing at the end of it.
I now have a 3 year old Golf GTI it cost not a lot more than the BMW did it has a 12 month warranty and 2 years servicing and came with new tyres. whats more is I own it. I may or may not have done the right thing financially, but i doubt it will be worth nothing irrespective when i sell it but it may need some repairs.
The best thing for me though is I own it, I know it makes no logical sense but i simply feel happier owning it and take pleasure in cleaning it. I hardly ever washed the 330, never waxed or polished it but did keep it in good condition. Of course if for some reason i dont like it or get bored with it i can change it when I want to as its on my terms.
Spawn said:
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.
And you don't have to worry about mileage.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
The thing I don't understand is why any PH-minded person would be interested in leasing (other than a one off).
What do you get for it? A new car- and judging by the aforementioned on this thread, a fancy Germanic one. In other words, an incredibly competent piece of engineering that's utterly soulless and entirely boring in every conceivable way.
It's easy to understand why it works for those who like to willy wave and who believe that the newest and shiniest is the best- but for anyone with a real love of cars surely there's no appeal to it.
What do you get for it? A new car- and judging by the aforementioned on this thread, a fancy Germanic one. In other words, an incredibly competent piece of engineering that's utterly soulless and entirely boring in every conceivable way.
It's easy to understand why it works for those who like to willy wave and who believe that the newest and shiniest is the best- but for anyone with a real love of cars surely there's no appeal to it.
Leicesterdave said:
If I was going to buy that brand new all road it would depreciate an awful lot more. I've also looked at the older shape but they depreciate so slowly that they don't make sense- a sky high mileage 7 year old Allroad for £10-£12k is really pricey when you compare it to the "shiny" new lease car. A fairly complicated 7 year old car could throw a big bill thereby negating any potential savings.
Its extremely clear that you do pay for the convenience of owning a new car- is £250 -£300 a month worth paying for complete peace of mind? I guess it depends what you priorities and value in life!
If you were buying brand new, would your first choice be an A4 allroad estate? If the answer is yes, then brilliant, you're lucky in that you've found a good lease deal for a car that you actually really want. Its extremely clear that you do pay for the convenience of owning a new car- is £250 -£300 a month worth paying for complete peace of mind? I guess it depends what you priorities and value in life!
I on the other hand, would have the A4 allroad quite a bit lower on my list, BMW, Mercedes and Jaguar estate variants look better in my eyes. The A4 would have to be seriously cheap for me to consider it and even then I would regret it as I never really wanted it in the first place. Everyone has a budget, I'd be happy to pay more for the car I want.
I tried really hard to find a good value lease but couldn't, so ended up just buying the car instead.
I'd take whichever option is cheaper - be it leasing or purchasing. This time, it was purchasing.
Infact really it seems its always purchasing unless you want whatever the current bargain with zero options is - ie that Allroad. As soon as you are looking at anything more than the base 2.0 TDI spec then leasing starts getting very expensive.
I'd take whichever option is cheaper - be it leasing or purchasing. This time, it was purchasing.
Infact really it seems its always purchasing unless you want whatever the current bargain with zero options is - ie that Allroad. As soon as you are looking at anything more than the base 2.0 TDI spec then leasing starts getting very expensive.
I take a slightly different view.
I can see the logic in the lease argument, particularly if you must have a car for work.
I tootle about in an old 3 series BMW (328i auto). Comfortable wafty and yet if anything goes wrong there will be a 3 sized hole in a hedge somewhere and we start again.
So far it's been reliable but just in case I keep an E55 AMG in the garage.
I doubt it has dropped in value since I bought it 2 years ago.
The BM, has probably lost 30-40% of its value (some £250) over 6 months and 8000 miles.
I can see the logic in the lease argument, particularly if you must have a car for work.
I tootle about in an old 3 series BMW (328i auto). Comfortable wafty and yet if anything goes wrong there will be a 3 sized hole in a hedge somewhere and we start again.
So far it's been reliable but just in case I keep an E55 AMG in the garage.
I doubt it has dropped in value since I bought it 2 years ago.
The BM, has probably lost 30-40% of its value (some £250) over 6 months and 8000 miles.
swisstoni said:
Seems a lot of people brick it at the thought of random massive bills and choose leasing to avoid that worry.
In 12yrs of driving and countless, countless cars I've had a fuel/air sensor and a exhaust/cat back system all on a Subaru Legacy sportwagon. The rest have been tyres*, discs, etc.- Not even those really. I think most people who lease (deep down) care what their neighbours, friends and strangers think of them and how they are perceived.
A brand new Allroad says 'hey I'm doing ok'.
None of the responses so far are wrong- some people (in fact quite possibly the majority) will lease a car to willywave. I own a 10 year old Octavia Scout, it treats me well- but I am about to enter a job where it may rightly or wrongly may be perceived as me not doing well.
It does look a bit shedy and has served me well but arriving at a clients house or office block with it would just look odd- hey I don't **need** an Allroad, it was just an example showing how relatively affordable a £35k can be obtained.
It may be expensive but compared to what people spend money on it aint that bad- if you go on holiday to the US for say 2 weeks it may cost you £3-4k+ all in. Sure its nice (hell I've done it) but that to me is heavy depreciation. For the same price, you've had your lease car 1 year... And there will be many more examples...
It works for some people- and not for others. Depends what you use your motor for I guess.
It does look a bit shedy and has served me well but arriving at a clients house or office block with it would just look odd- hey I don't **need** an Allroad, it was just an example showing how relatively affordable a £35k can be obtained.
It may be expensive but compared to what people spend money on it aint that bad- if you go on holiday to the US for say 2 weeks it may cost you £3-4k+ all in. Sure its nice (hell I've done it) but that to me is heavy depreciation. For the same price, you've had your lease car 1 year... And there will be many more examples...
It works for some people- and not for others. Depends what you use your motor for I guess.
Spawn said:
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.
Shock news !!! It's cheaper to buy and run an old snotter than a new Audi 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
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