To lease or not?

[barrieeld]

Pondering...my 635d has gone and had my head set on leasing a car..spending 1-2k on a deposit and keeping the rest of my money to put into a buy to let or another business.

Makes sense to me ...but then an overfinch tdv8 gt tempted me....was high on the miles 120k (2006) @ £20k but its condition was immpeccable...owned by a real piston head with huge car collection.

So then I was about to drop my 20k into this when a friend of mine from MB corporate contacted me about an SL350 offer that was simply unreal...

Basically the SL now comes with the amg sport pack as standard and MB needed to shift around 30 surpluss cars which didn't have this...the lease deals were very good and they all went within 30mins but I had a hold on one car black with a ton of options..what was the offer...£275+ VAT for a 70k car! Now I'm swayed and ready to sign the line even though its a bit impractical for my proposes.

Dilemma..what to do? I know leasing is a guaranteed way to loose money (I always managed to sell my cars either breaking even or making a profit) but selling used cars is getting much tougher now and quite fancy the idea of a new car for a change....

[barrieeld]

@Chas88 yes that's what I'm thinking..have to decide tomorrow.

The car comes with a ton of options too and it's on a 6-23 deal instead of the 9-23

[barrieeld]

@TVR1 BIK would be insane for the SL which is why I never considered putting it through my Co.

I've always personally leased and claimed milage as is much cleaner than having a car on the balance sheet, plus the most VAT you can claim back is 50% unless its an ecomobile.

I wouldn't normally lease but for something as pricey as the SL I'm sure the payments wouldn't even cover a years depreciation on that car...I wouldn't never buy one new

[barrieeld]

anyone driving an R321 SL350 just now? Any good?

[barrieeld]

the MB one doesn't seem too unreasonable

acceptable is stone chips, windscreen chips all the usual wear and tear you would expect.

Who did you lease with?

[barrieeld]

[barrieeld]

it wont be my only car but for weekday commutes to work where i dont have any passengers i thought it would be not a bad place to be...

Ive had a few MB's in the past but for the price of what most leasing company are charging for a c250 cdi SE its got to be worth a punt.

I would never buy one of these new...just too much depreciation but as a lease vehicle it makes a bit more sense...well in a man maths kind of way?

[barrieeld]

Maybe so...but what new car of £70k would depreciate £5k per annum? I suspect you'd loose £10k the moment you drive it off the four court which makes my lease deal very appealing as an ownership prospect for the next 2 years.

To put things into perspective I can today lease a golf GTD and pay £3.5k per annum?

I've heard various "urban legend" about handing back lease cars but have many friends who actually do lease from MB every 2 years and haven't had a problem so we'll wait and see I suppose...if I get "bent over" you guys will be 1st to know

[barrieeld]

hora said:

Cheers, good to see a break down. OP I don't want to see your bent-over. I'd rather see you stood straight up, glint in your eye and in a good car

hahahahah