RE: PH Service History: To lease or not to lease
Discussion
Fast Bug said:
There's a point, and yet again PH has missed it with one of their articles...
Certain cars you don't lease, such as an R8 as the desls never stack up. Yet the article never mentioned the £200 a month Golf R's that were around, or the £125 a month A4 deal, or the peanuts C4 Cactus deal. With the reight deals you pay less than you would in depreciation if you'd bought the car new.
And yes, used is less than new.
Most of the time.
Unless you get stuck with a big bill outside of the warranty period.
Quite. The Golf R deal quoted is rubbish and the others all seem very far from compelling. I’ll have put 50k miles on a new Golf R over three years for a total cost of about £10k by the time it goes back in June. There’s no way I’d choose to buy a comparable car and trade it 3 years later when lease alternatives like that one are available.Certain cars you don't lease, such as an R8 as the desls never stack up. Yet the article never mentioned the £200 a month Golf R's that were around, or the £125 a month A4 deal, or the peanuts C4 Cactus deal. With the reight deals you pay less than you would in depreciation if you'd bought the car new.
And yes, used is less than new.
Most of the time.
Unless you get stuck with a big bill outside of the warranty period.
I’ve been leasing cars for a while now.
They cost me £5500 over two-year terms. Each car, had I bought them new, would have depreciated this amount within the first three months of ownership. Had I bought year-old examples, they’d have depreciated the same in year one. Two-year examples, the same by the end of year two.
I also own cars. If I used any of them as a daily, just the maintenance and repair costs would exceed the ‘total lease cost’ by some margin. They’re also less economical, cost more to tax, MOT and insure.
Those of us who lease, particularly those of us on PH, have done the maths. For us, leasing makes logical, but most importantly, financial sense.
The writer of the OP should have had a read through one of the most popular threads on this very site before submitting that daft article.
They cost me £5500 over two-year terms. Each car, had I bought them new, would have depreciated this amount within the first three months of ownership. Had I bought year-old examples, they’d have depreciated the same in year one. Two-year examples, the same by the end of year two.
I also own cars. If I used any of them as a daily, just the maintenance and repair costs would exceed the ‘total lease cost’ by some margin. They’re also less economical, cost more to tax, MOT and insure.
Those of us who lease, particularly those of us on PH, have done the maths. For us, leasing makes logical, but most importantly, financial sense.
The writer of the OP should have had a read through one of the most popular threads on this very site before submitting that daft article.
On my 2nd lease car now. So long as it remains a cheap exercise I'll keep taking them.
All mine have come in much less costly than owning like for like cars over the same period.
Golf r at 6+23 180+vat
Seat Ateca 3+23 at 117+vat
Never had any issues and A new car every 2 years which suits me.
More and more deals seem to be getting front loaded 9x or a couple grand upfront and 48 months instead of 24. That's where I'm out.
If the glove fits wear it until it stops fitting then find another.
Do people really ever consider leasing m4 or R8 at those hideous costs?
All mine have come in much less costly than owning like for like cars over the same period.
Golf r at 6+23 180+vat
Seat Ateca 3+23 at 117+vat
Never had any issues and A new car every 2 years which suits me.
More and more deals seem to be getting front loaded 9x or a couple grand upfront and 48 months instead of 24. That's where I'm out.
If the glove fits wear it until it stops fitting then find another.
Do people really ever consider leasing m4 or R8 at those hideous costs?
Leasing can work brilliantly if you chase the deal rather than the car.
If you are after a particular car, in a particular colour with particular options then you will probably be bum raped on the monthlies. If however you after a 'white goods' or a manufacturer 'special' car or not bothered about manufacturer, etc then you can pick up a stonking bargain like the Golf R, the Alltrack and recently the Volvo S60 deals but you'll have to be quick!
Hang around and the deal will go.
If you are after a particular car, in a particular colour with particular options then you will probably be bum raped on the monthlies. If however you after a 'white goods' or a manufacturer 'special' car or not bothered about manufacturer, etc then you can pick up a stonking bargain like the Golf R, the Alltrack and recently the Volvo S60 deals but you'll have to be quick!
Hang around and the deal will go.
On my 2nd lease car now. So long as it remains a cheap exercise I'll keep taking them.
All mine have come in much less costly than owning like for like cars over the same period.
Golf r at 6+23 180+vat
Seat Ateca 3+23 at 117+vat
Never had any issues and A new car every 2 years which suits me.
More and more deals seem to be getting front loaded 9x or a couple grand upfront and 48 months instead of 24. That's where I'm out.
If the glove fits wear it until it stops fitting then find another.
Do people really ever consider leasing m4 or R8 at those hideous costs?
All mine have come in much less costly than owning like for like cars over the same period.
Golf r at 6+23 180+vat
Seat Ateca 3+23 at 117+vat
Never had any issues and A new car every 2 years which suits me.
More and more deals seem to be getting front loaded 9x or a couple grand upfront and 48 months instead of 24. That's where I'm out.
If the glove fits wear it until it stops fitting then find another.
Do people really ever consider leasing m4 or R8 at those hideous costs?
Audemars said:
"The positive is that this puts a choice of tempting new machinery within the reach of those who wouldn't otherwise stand a chance of affording it."
PCP in a nutshell and 99% of pistonheaders.
They however will fight to the grave justifying how they can afford it despite living in crap houses with crap furniture and decor.
They'll be happy though cos they've got a 82" plasma.......................PCP in a nutshell and 99% of pistonheaders.
They however will fight to the grave justifying how they can afford it despite living in crap houses with crap furniture and decor.
coljoh148 said:
On my 2nd lease car now. So long as it remains a cheap exercise I'll keep taking them.
All mine have come in much less costly than owning like for like cars over the same period.
Golf r at 6+23 180+vat
Seat Ateca 3+23 at 117+vat
Never had any issues and A new car every 2 years which suits me.
More and more deals seem to be getting front loaded 9x or a couple grand upfront and 48 months instead of 24. That's where I'm out.
If the glove fits wear it until it stops fitting then find another.
Do people really ever consider leasing m4 or R8 at those hideous costs?
Is that a recent Ateca deal? Nothing like that around for that size or next size down. All mine have come in much less costly than owning like for like cars over the same period.
Golf r at 6+23 180+vat
Seat Ateca 3+23 at 117+vat
Never had any issues and A new car every 2 years which suits me.
More and more deals seem to be getting front loaded 9x or a couple grand upfront and 48 months instead of 24. That's where I'm out.
If the glove fits wear it until it stops fitting then find another.
Do people really ever consider leasing m4 or R8 at those hideous costs?
Won't consider leasing until there's some kind of insurance you can take out to cover the exit fee if you have to get out of the lease early. If you get made redundant and can't afford the lease payments anymore the last thing you want is to have to blow your redundancy payment on the exit fees when you need the money to pay for food and shelter while you find another job!
topless360 said:
Remember though, the older car will cost more to run and maintain over 2/3 years and will still depreciate in most cases.
I’d still rather have the used car, but worth factoring in the running costs.
I just don't think it will and if it does, it won't be by much. Yes it will depreciate but at nothing like the rate of a leasing cost.I’d still rather have the used car, but worth factoring in the running costs.
givablondabone said:
Audemars said:
"The positive is that this puts a choice of tempting new machinery within the reach of those who wouldn't otherwise stand a chance of affording it."
PCP in a nutshell and 99% of pistonheaders.
They however will fight to the grave justifying how they can afford it despite living in crap houses with crap furniture and decor.
They'll be happy though cos they've got a 82" plasma.......................PCP in a nutshell and 99% of pistonheaders.
They however will fight to the grave justifying how they can afford it despite living in crap houses with crap furniture and decor.
Or perhaps he hasn't got a pot to piss in, hence his incessant trolling.
macdeb said:
well ,being as I'm not 'glued' to the PH screen all day, everyday, it's the first time I've read such an article here and thought it makes a very valid point. You are just renting the car during it's biggest depreciation period. Salesmen must love it.
The article isn't very accurate though. If you do some research you'll find there are some cracking deals that cost less over the term than you would lose in depreciation as a retail buyer. They've just selected some very poor value for money deals to suit their "article" A lot of valid criticism in the replies here. And yet, both the M3 and the Scooby look to be lovely examples of each model. Perhaps a better (weekly? Monthly?) article idea could be to pick out some low mileage cars from the classifieds for our delectation, and time saving without havering to dress it up by comparing to lease deals.
I really like that M3.
I really like that M3.
Fast Bug said:
The article isn't very accurate though. If you do some research you'll find there are some cracking deals that cost less over the term than you would lose in depreciation as a retail buyer. They've just selected some very poor value for money deals to suit their "article"
Carry on like this and you and I are going to get banned!! (again....)Audemars said:
"The positive is that this puts a choice of tempting new machinery within the reach of those who wouldn't otherwise stand a chance of affording it."
PCP in a nutshell and 99% of pistonheaders.
They however will fight to the grave justifying how they can afford it despite living in crap houses with crap furniture and decor.
Made me smile. Crap furniture and decor is unforgivablePCP in a nutshell and 99% of pistonheaders.
They however will fight to the grave justifying how they can afford it despite living in crap houses with crap furniture and decor.
MitchT said:
Won't consider leasing until there's some kind of insurance you can take out to cover the exit fee if you have to get out of the lease early. If you get made redundant and can't afford the lease payments anymore the last thing you want is to have to blow your redundancy payment on the exit fees when you need the money to pay for food and shelter while you find another job!
Nil / low deposit Pcp in the other hand has never had an unsuspecting punter to the tune of thousands in neg-egg!? A well researched and balanced article....... Not one sensible lease deal quoted though.
I think most leasers would happily pay full price over the term for the upgraded 19" wheels and sports exhaust (as pictured) if renting an R.
No mention of out of warranty (potentially ruinous) running costs for the BMW and Subaru of course.
Lease or buy - "you're paying for the depreciation on the car while you use it".
I think most leasers would happily pay full price over the term for the upgraded 19" wheels and sports exhaust (as pictured) if renting an R.
No mention of out of warranty (potentially ruinous) running costs for the BMW and Subaru of course.
Lease or buy - "you're paying for the depreciation on the car while you use it".
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