New Cars - is Leasing going to become the new norm?

[daemon]

Dr Jekyll said:

otolith said:

A contractual obligation to pay for a service for the term of the contract is not the same as a debt. If you sign up for gym membership with a minimum term, it's an obligation but not a debt.

That's splitting hairs, it's the commitment that matters.

The anti lease brigade really need to get their story straight - we had Tractor boy on telling us he wasnt in debt because he rented a house, and now you're telling us a rental is actually a debt?

[daemon]

Dr Jekyll said:

p1stonhead said:

Do you count renting a house/flat as being in debt? It's a contractual payment each month after all too.

If I'm committed to it for a period yes. If I'm staying in a hotel with a bill to pay when I check out that's a debt as well.

What on earth is the practical difference between leasing and committing to the same payments to repay a loan?

Tractor boy is going to be crying into his chips tonight - turns out his rental home doesnt make him "debt free"

[daemon]

Granfondo said:

Is a mortgage not debt either?
Where have we got to in this world when people want to dress debt up into anything but not want to call it DEBT!

Like your debt with the PCP deal on the Q5?

[daemon]

gizlaroc said:

But probably best to buy some old st heap so she can say "I paid for it outright!'

Assuming of course they didnt die in the old st heap because it has 15 year old safety technology in it not the latest safety features.

[daemon]

Snozzwangler said:

daemon said:

Snozzwangler said:

Granfondo said:

Snozzwangler said:

Where's the debt?

36/48 X £150 seems like "debt" but of course lease jockeys are Debt blind!

You amuse me. Including your definition of debt.

Have you struggled to pay in the past, hence your disproportionate hate of the subject?

Hes a hypocrite who has used PCP deals in the past who likes to try to wind people up because he "thinks" hes funny, not realising his responses are cringeworthy and alienate him

I had a feeling.

He had to change his name on here from RobSTI as he'd wound that many people up previously.

Also, he used to have his personal details on his profile - cars owned, job, etc, etc, but took that all off when he realised that people could use that against him, when he was using their history against them to try and get a cheap laugh

[daemon]

Granfondo said:

You can now see who the target customer is for Merc by the chintzy crap they have been throwing together for quite a few years now.
Tailgate open and balloons with foot high £299 per month written on the doors so the lease addicts can see where their next fix is coming from!

You really must live in a chav area - you were telling us how your friends and neighbours all leased and tried to "keep up with the jones", now you're telling us the local merc dealer has to use balloons and bunting to attract the locals in.

Have you thought of moving? Or can you not afford to? I'd be happy to chip in if it helped make you less bitter?

[daemon]

Snozzwangler said:

I had a feeling.



ETA: isn't PCP like getting fully reamed compared to the 'evil' of leasing?

He just likes getting a reaction and has to resort to more and more "banal" statements rather than accept hes just irritating people and getting in the way of an interesting debate among the grown ups.

[daemon]

Snozzwangler said:

Anyway, back on topic!

Indeed.

Funny, i was listening to the radio today and an advert for a merc came on and they didnt even mention the price of the car (or i dont recall that they did) just the deposit and monthly payments.

It was still a PCP type deal but i thought it interesting that there was no headline price figure or even a £x,xxx off price offer.

[daemon]

berlintaxi said:

daemon said:

Indeed.

Funny, i was listening to the radio today and an advert for a merc came on and they didnt even mention the price of the car (or i dont recall that they did) just the deposit and monthly payments.

It was still a PCP type deal but i thought it interesting that there was no headline price figure or even a £x,xxx off price offer.

Can't remember the last radio advert I heard for any car which mentioned the headline price, almost all car marketing nowadays focuses on the monthly payment.

Fair enough. Maybe it was the discussion on this thread made me listen more than i normally would.

[daemon]

swerni said:

At which point it becomes a debt, up until that point it's merely a liability, just like renting a house, a gym membership or even the contract on your iPhone

A mortgage on the other hand is a debt as you've borrowing the money and are then paying it back.

Speaking of phones - surely the way most people pay a monthly payment and get a new phone every couple of years is a convenience thing, and with most other things being paid that way, maybe a leased car is the answer?

[daemon]

Granfondo said:

daemon said:

Granfondo said:

Is a mortgage not debt either?
Where have we got to in this world when people want to dress debt up into anything but not want to call it DEBT!

Like your debt with the PCP deal on the Q5?

I will have a little bet with the "failed car dealer", I will give £1k to his charity of choice if he can find a post where I say I had a PCP on an Audi Q5 or he gives £1k to diabetes uk if he FAILS again!

Matey, you've had pcp deals in the past, you know it, i know it because you posted it. If you've subsequently trawled through and removed posts just like you removed your own car history from your profile, then thats clearly your problem.

And if it wasnt the Q5, it certainly was on "a" car you've owned.

Edited by daemon on Saturday 11th July 21:32

[daemon]

Granfondo said:

daemon said:

You really must live in a chav area - you were telling us how your friends and neighbours all leased and tried to "keep up with the jones", now you're telling us the local merc dealer has to use balloons and bunting to attract the locals in.

Have you thought of moving? Or can you not afford to? I'd be happy to chip in if it helped make you less bitter?

You really like making up wee stories to make yourself seem important don't you?
I don't know how my friends fund their cars and never mentioned bunting, why would I be bitter?
"When I can walk my dogs and choose when to work, not being in the rat race anymore!" oh that was what you said before your car dealing empire came crashing down around you and you had to PCP a second hand golf to commute 100's of miles a week!

Found where I said I had a PCP on a Q5 yet?

Oh aye it was a great lifestyle motortrading - i've always said that. Very nice to work from home. Sadly it didnt pay the sort of money i know i am capable of earning.

It wasnt an empire, it was one bloke flogging cars. I wound it down when i got back into IT.

And i'd a golf diesel because i commuted a heady 43 miles to work and it took me an hour. Oh the humanity! Great job though so was worth it, and great experience. Which nicely give me the niche skills to get into....

Contracting - i make decent money and i have very little hassle. Just negotiated one day a week working from home too. So even less hassle.

See - i'm not afraid to talk about myself because i've nothing to hide or be ashamed of.

Clearly you cant do the same.

[daemon]

Snozzwangler said:

Let's just ignore the princess, she'll drift away

Yes. You're right. I respond because (a) its like shooting fish in a barrel and (b) its that banal it needs addressing.

Will let it be now and hopefully he'll go away.

[daemon]

Granfondo said:

What do you mean let it be?
Are you taking the bet or not?

A big IT contractor like you shouldn't be worrying about £1k bet ,or no balls?

So are you denying you've ever had a PCP deal on a vehicle?

A simple yes or no will suffice.

Its not about betting its about being honest with yourself.

[daemon]

Granfondo said:

daemon said:

So are you denying you've ever had a PCP deal on a vehicle?

A simple yes or no will suffice.

Are you taking the bet?

A simple yes or no will suffice?

Or maybe a simple apology for telling lies?

Come on then, Johnny Big Balls, tell us the truth - have you ever had a vehicle on a PCP deal - you know the ones you alway diss?

Simple question. Simple answer.

I think the phrase is "its time to piss or get off the pot" - ie, confirm you've NEVER had a PCP deal, or stop winding people up and fking up threads.

Edited by daemon on Saturday 11th July 22:25

[daemon]

Granfondo said:

No problem if you agree to pay £1k to my charity of choice if you are wrong about the Q5?

Its not about being right or wrong about the Q5, its the principle that you come along and fk up threads like this, when the truth is you've had PCP deals on vehicles in the past.

Quite frankly, you're a wind up merchant, who gets off on being a prick and fking up otherwise interesting debates.

[daemon]

Snozzwangler said:

I think leasing will continue to be around, probably to a greater extent.

Having kids? Want a safe, no worries white good to cart them around?

Golf estate, rinse and repeat in 2 years.


easy peasy.

Indeed.

Thus why i think leasing will become the new default option, surpassing PCP deals on new cars.

[daemon]

Granfondo said:

gizlaroc said:

Is this a fking wind up?

You spend pages and pages trolling the thread pissing everyone off, as you always do, and then agree go against everything you have argued about?

Or are you being sarcastic and just on a fking wind up again?

What are you on about?
Where have I been arguing that lease deals are not going to be the norm?

You're an attention seeking wind up merchant.

[daemon]

gizlaroc said:

I just don't understand why anyone would make such an effort to come across as a complete wind up merchant and try and rub everyone they can up the wrong way. It is a very weird and quite worrying way to act.

And then deny they're doing it...

[daemon]

Snozzwangler said:

It would be interesting to know the most popular term people choose. 48mths would leave me a bit uneasy, 24mths would probably be my preferred if I were ever to lease.

Would be interesting to hear which in the main is the most profitable for the manufacturers too.

In theory, the longer the period, the lower the payments, but i guess that has to be balanced off with what people who use leasing want.

If 24 months were to become the norm, that would mean more younger cars on the market and people refreshing their cars more often than they would have done on PCP or HP deals.