RE: PH Service History: To lease or not to lease
Discussion
Audemars said:
Agree with this. You should have over £50k savings in the bank before even considering a new car. Until then get the bus.
Ideally you should be in property by then as well not renting nor living with mummy.
Same with iPhones. Apple shouldn't be as successful as they are because only 1% of the developed countries population should be buying them. Instead unemployed people make sure its the first thing they have even before food. Same with new cars due to pcp.
Your trolling is getting boring now. Why don't you just fIdeally you should be in property by then as well not renting nor living with mummy.
Same with iPhones. Apple shouldn't be as successful as they are because only 1% of the developed countries population should be buying them. Instead unemployed people make sure its the first thing they have even before food. Same with new cars due to pcp.
Edited by Audemars on Monday 22 January 09:02
k off, you half-wit.The purpose of leases (as with other forms of finance) is for manufacturers to sell more new cars, by making them financially accessible. Whether leases work out cheaper or not for the consumer, that is the primary aim.
For those who are able to indefinitely obtain leases that are a better balance of cost, risk etc than another form of new or used car buying decision, then this is great.
For the consumer market as a whole, leases and other forms of finance (like PCP) push the proportion of total motoring expenditure towards new car sales. This may come from:
a) money not previously spent on cars - i.e. new money, gained from rising personal income / different personal spending decisions, or;
b) money previously spent on cars - e.g. existing money already in the motoring market, but spent on used cars and repairs.
Either option could mean an individual spending more or less on motoring costs over time.
The concern would be if consumers were increasingly pulled towards new purchases, which were not good value or disproportionately increase their spend on new cars over time. Amazing lease deals will usually be the exception to this, but for many consumers a switch from a trend of used car purchases will cost more over the long term.
For those who are able to indefinitely obtain leases that are a better balance of cost, risk etc than another form of new or used car buying decision, then this is great.
For the consumer market as a whole, leases and other forms of finance (like PCP) push the proportion of total motoring expenditure towards new car sales. This may come from:
a) money not previously spent on cars - i.e. new money, gained from rising personal income / different personal spending decisions, or;
b) money previously spent on cars - e.g. existing money already in the motoring market, but spent on used cars and repairs.
Either option could mean an individual spending more or less on motoring costs over time.
The concern would be if consumers were increasingly pulled towards new purchases, which were not good value or disproportionately increase their spend on new cars over time. Amazing lease deals will usually be the exception to this, but for many consumers a switch from a trend of used car purchases will cost more over the long term.
dobly said:
I'm vary thankful to the chap in Tokyo that bought (not sure by what method) my NSX Type S back in December 1999, and specced the car in exactly the way he did. Without that, I wouldn't be here now commenting on this...
I know NSX are good, but one actually saved your life? 
wemorgan said:
Niffty951 said:
Sadly new cars have moved far far away from my personal tastes as a piston head. £450 per month for a 344hp, lightweight, manual 6-speed with RWD is not something I can find or even get close to today.
Not lightweight but.......BMW 140i 9+23 £260
Otherwise I'd be in an M2 or 140/240 as we speak.
Gareth1974 said:
My dad got a Skoda Yeti DSG Monte Carlo edition on a 1+23 lease at £145, that's a decent sized car for £3500 over 2 years.
I've got one of these at similar cost, just had it in for it's oil service at Skoda for £99 and it will go back before it needs tyres and an inspection. It was an absolute bargain.We leased a Merc C220D AMG Coupe in 2014 as the model was coming to the end of it generation so some great deals on the Premium Plus models that came with full bells and whistles, every extra box ticked.
We paid 3 months in advance (about £1000) and £339 per month for 24 months, did 10,000 miles per year. Total cost of £9136.
As the missus liked the car so much and we had no troubles during 2 years of ownership, when they (BCA) took the car back, we tracked it on the BCA website and found it was gonna be auctioned at Blackbushe (about 5 miles up the road). We turned up on the day and paid just shy of £15k for it.
So in effect we paid a grand total of about £24k for a brand new, top of the range Merc Coupe. It was listed at £39k with all the extras. Only downside was v5c showed 2 owners, although we were the only drivers.
Still think leasing is a waste of money? Not us! :-)
We paid 3 months in advance (about £1000) and £339 per month for 24 months, did 10,000 miles per year. Total cost of £9136.
As the missus liked the car so much and we had no troubles during 2 years of ownership, when they (BCA) took the car back, we tracked it on the BCA website and found it was gonna be auctioned at Blackbushe (about 5 miles up the road). We turned up on the day and paid just shy of £15k for it.
So in effect we paid a grand total of about £24k for a brand new, top of the range Merc Coupe. It was listed at £39k with all the extras. Only downside was v5c showed 2 owners, although we were the only drivers.
Still think leasing is a waste of money? Not us! :-)
James Junior said:
The comments section gets worse and worse these days. This used to be a friendly site for enthusiasts to share love of cars. These days the comments section seems to infested with obnoxious self-entitled aholes running down every single article or other forum members.
You don't pay for Pistonheads. If you don't like the content, don't read it. If it offends you so much that you feel it's neccessary to throw abuse at those who write it then why not do us all a favour and go elsewhere.
On the other hand, the article was a festering piece of garbage; inaccurate and useless at best. And since this is a forum, members have every right to point that out.holes running down every single article or other forum members.You don't pay for Pistonheads. If you don't like the content, don't read it. If it offends you so much that you feel it's neccessary to throw abuse at those who write it then why not do us all a favour and go elsewhere.
If you feel it's necessary to throw abuse at those who wish to express their opinion then why not do us all a favour and go elsewhere [?].
7795 said:
I can't find the old lease bargain thread...
Please can someone point me towards a good site for the XC60 lease deals; 36 months, 8k year, 3+35 - 9+35, personal lease?
It's in the Car Buying sub-forum:Please can someone point me towards a good site for the XC60 lease deals; 36 months, 8k year, 3+35 - 9+35, personal lease?
https://www.pistonheads.com/gassing/forum.asp?h=0&...
l354uge said:
dobly said:
I'm vary thankful to the chap in Tokyo that bought (not sure by what method) my NSX Type S back in December 1999, and specced the car in exactly the way he did. Without that, I wouldn't be here now commenting on this...
I know NSX are good, but one actually saved your life? 
I'm calling troll on the original poster.
What? Its an article by Ph itself?
Oops.
I have to have a car that's less than 5 years old for work, so leasing can be cheaper than any other method of financing/buying and it can take the hassle away.
I also prefer the smell of delivery driver's farts to new car owner's
What? Its an article by Ph itself?
Oops.
I have to have a car that's less than 5 years old for work, so leasing can be cheaper than any other method of financing/buying and it can take the hassle away.
I also prefer the smell of delivery driver's farts to new car owner's
I've considered leasing every time I've changed my car as so many people tell me it makes financial sense. I don't like the missed opportunity cost of having all that money tied up in a 'non productive asset'
However I've never found a decent lease deal for the car and spec I want.
My personal toy is a 991 Turbo S. As expected lease deals aren't the way forward for a car like this and I bought the car about 18 months old and saved circa £35k on the new price.
I'm now looking to change my family car and really fancy an E43 AMG 4 matic. I want the premium package plus so I get a nice sound system, panoramic roof etc. The lease deals are about £6k down and £1k a month. RRP is about £60k
That works out at £42k over three years! I can buy a 6 month old demo model for £45k and I'm sure it won't have devalued by £42k in three years!!
My current family car is a c63 amg estate. Bought that 18 months old about 3 years ago. I paid £44k and have been offered £28k px for it....and its got dings all over, scuffed alloys, worn tyres and due a major service. That's £5k loss per year which seems really good on a vehicle of this type.
Lease deals seem to make sense if you're not bothered at all about what car (and perhaps what spec) you drive. I could see that making sense if I were buying my wife or kids (when they are older) a basic run around.
Life is too short for me to drive a car that I don't want in a spec I don't fancy just because it happens to be on a cheap lease deal. Though I fully understand that if a car is just a means to an end it does make sense for many people.
However if you want a particular premium car lease deals never seem to make sense, or never when I look anyway.
Just to say I only put about 3k miles pa on each of my two cars so my px value is always on the higher side.
I will continue to look at lease deals every time I change my cars but I suspect it will never work for me.
However I've never found a decent lease deal for the car and spec I want.
My personal toy is a 991 Turbo S. As expected lease deals aren't the way forward for a car like this and I bought the car about 18 months old and saved circa £35k on the new price.
I'm now looking to change my family car and really fancy an E43 AMG 4 matic. I want the premium package plus so I get a nice sound system, panoramic roof etc. The lease deals are about £6k down and £1k a month. RRP is about £60k
That works out at £42k over three years! I can buy a 6 month old demo model for £45k and I'm sure it won't have devalued by £42k in three years!!
My current family car is a c63 amg estate. Bought that 18 months old about 3 years ago. I paid £44k and have been offered £28k px for it....and its got dings all over, scuffed alloys, worn tyres and due a major service. That's £5k loss per year which seems really good on a vehicle of this type.
Lease deals seem to make sense if you're not bothered at all about what car (and perhaps what spec) you drive. I could see that making sense if I were buying my wife or kids (when they are older) a basic run around.
Life is too short for me to drive a car that I don't want in a spec I don't fancy just because it happens to be on a cheap lease deal. Though I fully understand that if a car is just a means to an end it does make sense for many people.
However if you want a particular premium car lease deals never seem to make sense, or never when I look anyway.
Just to say I only put about 3k miles pa on each of my two cars so my px value is always on the higher side.
I will continue to look at lease deals every time I change my cars but I suspect it will never work for me.
Deep said:
I've considered leasing every time I've changed my car as so many people tell me it makes financial sense. I don't like the missed opportunity cost of having all that money tied up in a 'non productive asset'
However I've never found a decent lease deal for the car and spec I want.
My personal toy is a 991 Turbo S. As expected lease deals aren't the way forward for a car like this and I bought the car about 18 months old and saved circa £35k on the new price.
I'm now looking to change my family car and really fancy an E43 AMG 4 matic. I want the premium package plus so I get a nice sound system, panoramic roof etc. The lease deals are about £6k down and £1k a month. RRP is about £60k
That works out at £42k over three years! I can buy a 6 month old demo model for £45k and I'm sure it won't have devalued by £42k in three years!!
My current family car is a c63 amg estate. Bought that 18 months old about 3 years ago. I paid £44k and have been offered £28k px for it....and its got dings all over, scuffed alloys, worn tyres and due a major service. That's £5k loss per year which seems really good on a vehicle of this type.
Lease deals seem to make sense if you're not bothered at all about what car (and perhaps what spec) you drive. I could see that making sense if I were buying my wife or kids (when they are older) a basic run around.
Life is too short for me to drive a car that I don't want in a spec I don't fancy just because it happens to be on a cheap lease deal. Though I fully understand that if a car is just a means to an end it does make sense for many people.
However if you want a particular premium car lease deals never seem to make sense, or never when I look anyway.
Just to say I only put about 3k miles pa on each of my two cars so my px value is always on the higher side.
I will continue to look at lease deals every time I change my cars but I suspect it will never work for me.
1) you are comparing new with oldHowever I've never found a decent lease deal for the car and spec I want.
My personal toy is a 991 Turbo S. As expected lease deals aren't the way forward for a car like this and I bought the car about 18 months old and saved circa £35k on the new price.
I'm now looking to change my family car and really fancy an E43 AMG 4 matic. I want the premium package plus so I get a nice sound system, panoramic roof etc. The lease deals are about £6k down and £1k a month. RRP is about £60k
That works out at £42k over three years! I can buy a 6 month old demo model for £45k and I'm sure it won't have devalued by £42k in three years!!
My current family car is a c63 amg estate. Bought that 18 months old about 3 years ago. I paid £44k and have been offered £28k px for it....and its got dings all over, scuffed alloys, worn tyres and due a major service. That's £5k loss per year which seems really good on a vehicle of this type.
Lease deals seem to make sense if you're not bothered at all about what car (and perhaps what spec) you drive. I could see that making sense if I were buying my wife or kids (when they are older) a basic run around.
Life is too short for me to drive a car that I don't want in a spec I don't fancy just because it happens to be on a cheap lease deal. Though I fully understand that if a car is just a means to an end it does make sense for many people.
However if you want a particular premium car lease deals never seem to make sense, or never when I look anyway.
Just to say I only put about 3k miles pa on each of my two cars so my px value is always on the higher side.
I will continue to look at lease deals every time I change my cars but I suspect it will never work for me.
2) you're not working hard enough to find great lease deals
DELETED: Comment made by a member who's account has been deleted.
What this man says.No doubt Haymarket sees little point in providing in-depth comment for free (Pistonheads) when it produces several magazines it would like you to pay for - though What Car (hardly itself an in-depth publication) is really bought by the family motorist looking to replace his Mondeo. I haven't looked at Autocar since it swallowed 'Motor' and was itself swallowed by Haymarket.
This lazy bit of writing fails (read: doesn't bother trying) to disguise its own agenda — drive traffic to PH Classifieds — on the flawed premise of comparing total lease costs against the cost of buying a second hand car outright, which of course ignores running costs and that if you buy a two year old Golf and keep it for 2 years, it'll still be worth something when you sell it at 4 years old.
Leasing makes the cost of running a car — any car, though leases are only available on new cars — a certainty. You can predict, to the penny, what it'll cost over the term and with that, comes peace of mind. All the variables that might haunt you, chief of which is residuals, fall on the manufacturer.
New cars come with new tyres, brakes, wipers and all the other consumables that add up in the course of ownership, never mind stuff that goes wrong that's covered by manufacturers' warranties and left to chance on something a few years old.
That's the real story of leasing.
Leasing makes the cost of running a car — any car, though leases are only available on new cars — a certainty. You can predict, to the penny, what it'll cost over the term and with that, comes peace of mind. All the variables that might haunt you, chief of which is residuals, fall on the manufacturer.
New cars come with new tyres, brakes, wipers and all the other consumables that add up in the course of ownership, never mind stuff that goes wrong that's covered by manufacturers' warranties and left to chance on something a few years old.
That's the real story of leasing.
Basil Hume said:
The purpose of leases (as with other forms of finance) is for manufacturers to sell more new cars, by making them financially accessible. Whether leases work out cheaper or not for the consumer, that is the primary aim.
For those who are able to indefinitely obtain leases that are a better balance of cost, risk etc than another form of new or used car buying decision, then this is great.
For the consumer market as a whole, leases and other forms of finance (like PCP) push the proportion of total motoring expenditure towards new car sales. This may come from:
a) money not previously spent on cars - i.e. new money, gained from rising personal income / different personal spending decisions, or;
b) money previously spent on cars - e.g. existing money already in the motoring market, but spent on used cars and repairs.
Either option could mean an individual spending more or less on motoring costs over time.
The concern would be if consumers were increasingly pulled towards new purchases, which were not good value or disproportionately increase their spend on new cars over time. Amazing lease deals will usually be the exception to this, but for many consumers a switch from a trend of used car purchases will cost more over the long term.
Yes.For those who are able to indefinitely obtain leases that are a better balance of cost, risk etc than another form of new or used car buying decision, then this is great.
For the consumer market as a whole, leases and other forms of finance (like PCP) push the proportion of total motoring expenditure towards new car sales. This may come from:
a) money not previously spent on cars - i.e. new money, gained from rising personal income / different personal spending decisions, or;
b) money previously spent on cars - e.g. existing money already in the motoring market, but spent on used cars and repairs.
Either option could mean an individual spending more or less on motoring costs over time.
The concern would be if consumers were increasingly pulled towards new purchases, which were not good value or disproportionately increase their spend on new cars over time. Amazing lease deals will usually be the exception to this, but for many consumers a switch from a trend of used car purchases will cost more over the long term.
it undoubtedly works if you're the master of your own destiny, as everyone is on PH. However, many will find themselves on the greasy pole of new reg/better car/more options and not have the increased income to pay for it.
What is the point of this article? I'm well aware that I could buy an Impreza WRX STI for the price of 3 years lease/depreciation from a Golf R. What relevance does that have to anything?
Personally I got a car on lease because I had no money to buy a reasonable condition used car, and had just got out of sinking money into a rustbucket that kept springing up problems. I wanted a new car as it would not have any surprise bills/costs - I knew how much I was spending, as the lease is a set price, and I knew I could afford it. Yes I hand the car back in 3 years but I dont see a problem with that. Lots of people keep cars for only a few years and then sell it on.
I wanted to stabilise my motoring expenses so that I could afford other things in my life such as moving out from my parents. Which I was able to do 2 months after I got my leased car. And then once I'm more financially stable at the end of 3 years I can buy a car for myself and go with that.
So far it has worked really well, 9 months in and very happy with it.
Personally I got a car on lease because I had no money to buy a reasonable condition used car, and had just got out of sinking money into a rustbucket that kept springing up problems. I wanted a new car as it would not have any surprise bills/costs - I knew how much I was spending, as the lease is a set price, and I knew I could afford it. Yes I hand the car back in 3 years but I dont see a problem with that. Lots of people keep cars for only a few years and then sell it on.
I wanted to stabilise my motoring expenses so that I could afford other things in my life such as moving out from my parents. Which I was able to do 2 months after I got my leased car. And then once I'm more financially stable at the end of 3 years I can buy a car for myself and go with that.
So far it has worked really well, 9 months in and very happy with it.
Ares said:
foggy1974 said:
As some have said, with leasing I'm vary wary of the additional costs come hand back time - tyre condition, dings, paint you may of had to have done and general condition - they are very picky seems they are looking to squeeze you for more cash.
I've seen them checking paint depth and charging for non- original paint.
You could end up paying a lot more out at the end of the lease.
I suppose its down to the company but id prefer to (buying wisely) purchase my own vehicles.
After all, that is part of the fun, no matter what your budget is there is always a great car to be had, new or second hand.
Never had that, never even heard of that. Suspect it's old wives tales/scare mongering.I've seen them checking paint depth and charging for non- original paint.
You could end up paying a lot more out at the end of the lease.
I suppose its down to the company but id prefer to (buying wisely) purchase my own vehicles.
After all, that is part of the fun, no matter what your budget is there is always a great car to be had, new or second hand.
Whenever I've handed a car back, PCP or lease, they've barely looked over the car and certainly nothing like in as much detail as a private purchaser coming to your house to buy your old car.
There seems to be a lot of presumption around end of lease checks.
Just as an example, you’re allowed 100mm of rim damage on each wheel, under BVRLA guidelines. That’s a pretty serious kerbing. And you can have that on all 4 wheels without issue.
My previous lease car did have a small amount of rim damage but there were no charges because it was well within the guidelines of what’s acceptable. I was gutted about the damage and would have paid for it fixing had it been my own car.
The acceptable condition guidelines are far more generous than I am.
PorkInsider said:
I agree.
There seems to be a lot of presumption around end of lease checks.
Just as an example, you’re allowed 100mm of rim damage on each wheel, under BVRLA guidelines. That’s a pretty serious kerbing. And you can have that on all 4 wheels without issue.
My previous lease car did have a small amount of rim damage but there were no charges because it was well within the guidelines of what’s acceptable. I was gutted about the damage and would have paid for it fixing had it been my own car.
The acceptable condition guidelines are far more generous than I am.
do you know where I can find a copy of the guidelines? Can't find anything other than general info on the bvrla website, the details it asks you to pay a fee to have a hard copy of the rules. surely they must be public?There seems to be a lot of presumption around end of lease checks.
Just as an example, you’re allowed 100mm of rim damage on each wheel, under BVRLA guidelines. That’s a pretty serious kerbing. And you can have that on all 4 wheels without issue.
My previous lease car did have a small amount of rim damage but there were no charges because it was well within the guidelines of what’s acceptable. I was gutted about the damage and would have paid for it fixing had it been my own car.
The acceptable condition guidelines are far more generous than I am.
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