Gap between lease cars - what to do!
Discussion
Nickbrapp said:
Have you worked out how much it would cost you to extend the lease and do anything that may need doing? Can't imagine it's going to be more than the cost of a short term car, plus the costs to change on the insurance, plus anything that may go wrong in that time. Plus the tax you'll have to buy then most likely loose part of.
Have you also called the lease company to see if they will do a deal on the excess miles? People on here do it all the time and get charged less per mile than they would if they had just sent the car back over the miles.
For ease of life I would just extend the current one.
Have you also called the lease company to see if they will do a deal on the excess miles? People on here do it all the time and get charged less per mile than they would if they had just sent the car back over the miles.
For ease of life I would just extend the current one.
Edited by Nickbrapp on Monday 20th February 21:41
2 front tyres of stupid profile £300-400
1 service £199
Extra month £284
Excess miles neither here nor there, but as I am working away Mon to Fri getting time to service is going to be nightmare.
I like the idea of hiring the cheapest thing I can, but Mx 5 would be the answer if warmer. The risk of having an older car and potentially losing a day's money to fix can't be over looked either.
I will try easy car and see what they do in Telford...
Edited by pherlopolus on Monday 20th February 22:33
nickfrog said:
ITP said:
Thing is, I have actually spent years and 10's of thousands of miles commuting up and down the country in many cars worth sub £2000, and many times sub £1000. They are perfectly comfortable, safe (Saab 9-5 for example) and haven't thrown up dash lights every Monday morning.
I have also done the same in company supplied, new, hire cars, golfs, mercs etc. They did the job no better, apart from being a bit more economical. Although the fuel cost saved is dwarfed by what they would cost to lease, especially for 15-20k miles a year.
I would personally rather buy a cheap, but good, car to put lots of boring commuting miles on as this causes great depreciation cost, and spend more on a special, low depreciating fun car. But, there are now many people who seem to be petrified of any car out of warranty, convinced it will cost them their life savings in repairs. It will also obviously leave them stranded every time they venture a few miles from home. Leasing is clearly best if this is your worry, just for peace of mind, and monthly budgeting in case the old banger throws up an unexpected bill one month, of say, £300.
Why £300 ? We pay £200 amortised for a diesel £26k list car, inc tax. We could probably run an older family car for £150 or less a month. Why on earth we would want to do that is beyond me though. My niece runs a 1.2 C1 with a/c and all the stuff she needs for £112/month (amortised). She could probably save £9.54/month by buying a second hand car out of warranty, that will need consumables, MOT, either etc etc.I have also done the same in company supplied, new, hire cars, golfs, mercs etc. They did the job no better, apart from being a bit more economical. Although the fuel cost saved is dwarfed by what they would cost to lease, especially for 15-20k miles a year.
I would personally rather buy a cheap, but good, car to put lots of boring commuting miles on as this causes great depreciation cost, and spend more on a special, low depreciating fun car. But, there are now many people who seem to be petrified of any car out of warranty, convinced it will cost them their life savings in repairs. It will also obviously leave them stranded every time they venture a few miles from home. Leasing is clearly best if this is your worry, just for peace of mind, and monthly budgeting in case the old banger throws up an unexpected bill one month, of say, £300.
Assuming the train, coach, bus, taxi, Blablacar and motorbike are out of the equation.
To rent the cheapest car from Sixt, CVL, etc. for a month will cost £400-600, so anything you do has to beat this option (if price is king).
There is a good Suzuki Alto on Autotrader this evening for £195. Japanese and reliable and MOTed with tiny tax. Ask the dealer if he wants to buy it back in a month or two for £50-100. Bingo, a month's motoring for roughly £100-200.
To rent the cheapest car from Sixt, CVL, etc. for a month will cost £400-600, so anything you do has to beat this option (if price is king).
There is a good Suzuki Alto on Autotrader this evening for £195. Japanese and reliable and MOTed with tiny tax. Ask the dealer if he wants to buy it back in a month or two for £50-100. Bingo, a month's motoring for roughly £100-200.
Have had this twice (for the wife), both times bought a sub £500 car with a full MOT. Spent a little time cleaning them and both times got over £500 back (albeit £550 in one case)
Just had to tell the wife to be extra careful and not crash them otherwise she would die in a shower of broken metal and rust
Just had to tell the wife to be extra careful and not crash them otherwise she would die in a shower of broken metal and rust
I had a 2-3 week delay in my old lease going back and getting my new one. I was in the same position as you and ended up renting a car through a mate who works for a hire car company.
He sorted me a belting deal out at about £450 to hire out a BMW 1 Series for a month (it worked out cheaper to do it this way) and if it came back early, which it did, the extra days would be refunded.
I had the option of a 118i M Sport manual or an Audi A3 2.0 TDI S-Tronic. I wish i went for the latter in the end as i hated the Beemer. But, i really couldn't complain with the price.
He sorted me a belting deal out at about £450 to hire out a BMW 1 Series for a month (it worked out cheaper to do it this way) and if it came back early, which it did, the extra days would be refunded.
I had the option of a 118i M Sport manual or an Audi A3 2.0 TDI S-Tronic. I wish i went for the latter in the end as i hated the Beemer. But, i really couldn't complain with the price.
Definitely hire.
If you are doing 4 x 130 mile trips per week for work its not worth the risk of a cheap car IMO.
Yes it MIGHT be ok but for the hassle of buying, insuring, taxing the selling again you can get something like a Corsa 1.2 for £425 for a month or a Fiat 500 for £385 (Europcar)
If you are doing 4 x 130 mile trips per week for work its not worth the risk of a cheap car IMO.
Yes it MIGHT be ok but for the hassle of buying, insuring, taxing the selling again you can get something like a Corsa 1.2 for £425 for a month or a Fiat 500 for £385 (Europcar)
pherlopolus said:
Against my better judgement I have £600 of jaguars finest x-type on the drive in lovely 2.1 v6 Fwd format. Manual, with cassette and multichanger ??
How much has is cost so far? Including the cost of the car, taxing it, changing your insurance, admin time Involved in finding and buying it?It will be about £1100 all in. That's including 12 months insurance and breakdown cover, a service and a valet. And probably 6 weeks tax. It might be sorted until September and used as a trade in for my wife's new car when her leaf gets returned, or just sold on. My big unknown is the date the superb arrives, ETA currently 28/4 and I will start using jag next week so avoiding any more excess charges on Qashqai @ about 8.5p a mile.
On the basis that it should have some value left after I have used it I am probably cost neutral against a hire car based on 6 weeks, but cheaper based on 8 weeks. But it is more about the journey 😀
On the basis that it should have some value left after I have used it I am probably cost neutral against a hire car based on 6 weeks, but cheaper based on 8 weeks. But it is more about the journey 😀
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