New Cars - is Leasing going to become the new norm?
Discussion
Granfondo said:
gizlaroc said:
Is this a f
king 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?king 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 f
king wind up again? Where have I been arguing that lease deals are not going to be the norm?
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.Would be interesting to hear which in the main is the most profitable for the manufacturers too.
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.
I would guess most would prefer the car to come back with sub 30k miles and a years manufacturers warranty remaining.
I still see a 63 plate and consider it a new car and when looking I tend to choose 'up to 2 years old' so I still have some warranty on it, and I am sure the hire companies know buyers do this.
But used car prices are getting stronger and stronger it seems, we are getting more in line with Europe, where as before we have been so much cheaper.
I still see a 63 plate and consider it a new car and when looking I tend to choose 'up to 2 years old' so I still have some warranty on it, and I am sure the hire companies know buyers do this.
But used car prices are getting stronger and stronger it seems, we are getting more in line with Europe, where as before we have been so much cheaper.
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.
Why do you need a new car every two years? It's an extremely expensive way to meet your car needs & wants.Having kids? Want a safe, no worries white good to cart them around?
Golf estate, rinse and repeat in 2 years.
easy peasy.
ORD said:
Why do you need a new car every two years? It's an extremely expensive way to meet your car needs & wants.
No one needs a new car every 2 years, some people want and can afford a new car every 2 years.As for being extremely expensive, have a look at the "best lease deal" thread. Some family cars can cost only £2k/yr.
ORD said:
Why do you need a new car every two years? It's an extremely expensive way to meet your car needs & wants.
When I was looking at leases last year some 2 year deals had lower monthly payments than the quivalent 3 year deal for the same car. Probably because the manufacturers wanted a supply of low mileage, 2 year old cars with warranty remaining to sell in the future.Two year deals suit me, it's nice to have a change every couple of years. It's a shame no-one offers a similar deal for wives...
Snozzwangler said:
It would be interesting to know the most popular term people choose.
I was looking at some deals last night. 24 months was the cheapest, followed by 48 and most expensive was the 36.Possibly due to people not wanting cars 'just' out of warranty.
My deal was 24 months and that is longest I've ever owned a car. Thankfully very happy with it.
wemorgan said:
No one needs a new car every 2 years, some people want and can afford a new car every 2 years.
As for being extremely expensive, have a look at the "best lease deal" thread. Some family cars can cost only £2k/yr.
2k a year isnt cheap though is it? For what most people need, anyway. Thats £8k over a 4 year lease, which will get you something very boggo. And it never ends as you never own it. As for being extremely expensive, have a look at the "best lease deal" thread. Some family cars can cost only £2k/yr.
Considering most people drive a Focus/Fiesta/Golf etc then £8k will get you a good secondhand car.
Condi said:
2k a year isnt cheap though is it? For what most people need, anyway. Thats £8k over a 4 year lease, which will get you something very boggo. And it never ends as you never own it.
Considering most people drive a Focus/Fiesta/Golf etc then £8k will get you a good secondhand car.
£2k a year is dirt cheap for a new car. Considering most people drive a Focus/Fiesta/Golf etc then £8k will get you a good secondhand car.
Condi said:
wemorgan said:
No one needs a new car every 2 years, some people want and can afford a new car every 2 years.
As for being extremely expensive, have a look at the "best lease deal" thread. Some family cars can cost only £2k/yr.
2k a year isnt cheap though is it? For what most people need, anyway. Thats £8k over a 4 year lease, which will get you something very boggo. And it never ends as you never own it. As for being extremely expensive, have a look at the "best lease deal" thread. Some family cars can cost only £2k/yr.
Considering most people drive a Focus/Fiesta/Golf etc then £8k will get you a good secondhand car.
A lot of guys I work with who have always bought their cars outright are all moving towards leasing. They have good incomes and like the idea of a brand new car for xxx a month with the ease of changing again in 2,3 or 4 years rather than spend a chunk of their savings to buy outright, meaning they can do something else with the capital and still have a new toy.
I swore I wouldn't go down this new car route again, but my buddy just ordered a brand new Octavia VRS for £259 a month with one months deposit. Now to me, that is a hell of a lot of car for a the money. Another dealer is offering me 0% over 4 years on a VRS with deposit under 1k and 279 a month. It has me thinking I must say.
I swore I wouldn't go down this new car route again, but my buddy just ordered a brand new Octavia VRS for £259 a month with one months deposit. Now to me, that is a hell of a lot of car for a the money. Another dealer is offering me 0% over 4 years on a VRS with deposit under 1k and 279 a month. It has me thinking I must say.
Benzo26 said:
A lot of guys I work with who have always bought their cars outright are all moving towards leasing. They have good incomes and like the idea of a brand new car for xxx a month with the ease of changing again in 2,3 or 4 years rather than spend a chunk of their savings to buy outright, meaning they can do something else with the capital and still have a new toy.
I swore I wouldn't go down this new car route again, but my buddy just ordered a brand new Octavia VRS for £259 a month with one months deposit. Now to me, that is a hell of a lot of car for a the money. Another dealer is offering me 0% over 4 years on a VRS with deposit under 1k and 279 a month. It has me thinking I must say.
It LOOKS cheap, but you need to get out a spreadsheet before you can evaluate any of these deals properly. At best, and this is rare, they are very slightly cheaper than buying the car and selling it at the end of the period.I swore I wouldn't go down this new car route again, but my buddy just ordered a brand new Octavia VRS for £259 a month with one months deposit. Now to me, that is a hell of a lot of car for a the money. Another dealer is offering me 0% over 4 years on a VRS with deposit under 1k and 279 a month. It has me thinking I must say.
ORD said:
It LOOKS cheap, but you need to get out a spreadsheet before you can evaluate any of these deals properly. At best, and this is rare, they are very slightly cheaper than buying the car and selling it at the end of the period.
And a damn sight easier. I hate selling cars privately, especially expensive cars, and in my experiance trading in at a dealer always means getting a poor deal. With a lease car you just give it back.I've said it before, but if you're in the market for a lease car then you need to watch the market for a few months and be prepared to go for a bargain even if it's not exactly what you want. Every so often real bargains come along, last year there was the Golf R deal, the E350 deal, and a few BMW deals, then I stopped looking.
RYH64E said:
I've said it before, but if you're in the market for a lease car then you need to watch the market for a few months and be prepared to go for a bargain even if it's not exactly what you want.
How do you do this when already on a fixed term lease though? How do you time the start of a bargain deal with the end of your current lease? Given enough notice, can you delay the start of your next lease to coincide with the end of your current one?RYH64E said:
And a damn sight easier. I hate selling cars privately, especially expensive cars, and in my experiance trading in at a dealer always means getting a poor deal. With a lease car you just give it back.
I've said it before, but if you're in the market for a lease car then you need to watch the market for a few months and be prepared to go for a bargain even if it's not exactly what you want. Every so often real bargains come along, last year there was the Golf R deal, the E350 deal, and a few BMW deals, then I stopped looking.
All true. A similar thing applies to buying new or second hand cars. There is value to be had if you are patient and well-informed. Most people are neither. I've said it before, but if you're in the market for a lease car then you need to watch the market for a few months and be prepared to go for a bargain even if it's not exactly what you want. Every so often real bargains come along, last year there was the Golf R deal, the E350 deal, and a few BMW deals, then I stopped looking.
alock said:
How do you do this when already on a fixed term lease though? How do you time the start of a bargain deal with the end of your current lease? Given enough notice, can you delay the start of your next lease to coincide with the end of your current one?
Start looking 6 months before your lease expires, most lease cars are on a 3-4 month lead time anyway so just time the new one to start as the old one ends.Gassing Station | General Gassing | Top of Page | What's New | My Stuff