lease or buy

[barrieeld]

What would be the "wiser" buy...

GOLF GTD - lease 23 months £225 with £1200 depost

or

FFRR TDV8 overfinch @ £18,500 125k miles

ive always bought big cars but was intrigued by leasing (especially a little go cart) which seems to be where many people are going although I don't do much miles circa 7k per annum in urban traffic.

I had a FFRR before and loved it but wondered if maybe plonking £18.5k into such "heavy metal" (2006 MY) in today's economic climate may be a recipe for disaster.

any help or advice would be greatly appreciated.

[mnkiboy]

Define the word "Wiser". They're completely different propositions. The Golf is brand new (can you really get a GTD for £225 per month?) and will have a manufactures warranty.
The Range Rover is 7 years old and has the ability to generate large bills. It also requires you to part with £18.5K, and will cost twice as much to fuel.

You'll have to think about your priorities a bit...

[barrieeld]

I mean financially, just not i want to be dipping back into the st MPG and £500 Road Tax again but loved the drive of the FFRR and I think the car on offer with the overfinch bits will have some traction should I sell..

I have ordered the GTD on lease for £182 + VAT which has just arrived but I haven't signed the line just yet....I've never kept a car longer than 1yr and the thought of having something for so long then handing it back 23 months later worries me

still 69MPG will be real cheap to run!

[h0b0]

barrieeld said:

wise buy?...FFRR TDV8 overfinch @ £18,500 125k miles

MUHAHAHAHAHAHAHAH

[mrdemon]

mnkiboy said:

The Golf is brand new (can you really get a GTD for £225 per month?) and will have a manufactures warranty.
...

this , can you really get a golf GTd on 2 years for £225

if so please share,

[barrieeld]

The reason I thought about a lease car in the 1st place was because I found selling high mileage luxury cars quite difficult for the first time...took me 5 months to sell my 635d which was worrying!

[barrieeld]

cental leasing UK...i ordered one back in april

[AGK]

Plenty leasing companies have GTD's for that price.

£219 inc VAT + inital payment of £1300ish inc VAT.

[barrieeld]

h0b0 said:

MUHAHAHAHAHAHAHAH

HAHAHAHAH!!!! yeh i know the Range Rovers only go one way! but i was hoping the overfinch bits and 2010 facelift would have been a bonus come resell time

[Welshbeef]

AGK said:

Plenty leasing companies have GTD's for that price.

£219 inc VAT + inital payment of £1300ish inc VAT.

Is that really correct ?
If so if you add up total lease costs and deposit it works out to be £266pcm all in.

There are few cars which depreciate less than £3 k a year used unless its vey very old - that's worry free motoring.

[KTF]

Currently £183.99 + vat x 23 with 1103.94 + vat upfront so £6402.90 all in.

http://www.centralukvehicleleasing.co.uk/vehicle/c...

[AGK]

KTF said:

Currently £183.99 + vat x 23 with 1103.94 + vat upfront so £6402.90 all in.

http://www.centralukvehicleleasing.co.uk/vehicle/c...

http://www.jr-leasing.co.uk/business-lease-cars/vo...

£50.42 cheaper from there lol.

[RizzoTheRat]

Parkers reckons about £25k new or a manual GTD, and a 3 year value at about £14k, so guess a 2 year old value of about £16-17k or £8-9k depreciation? Plus servicing costs etc.

Leasing for the same period of time for under £6.5k sounds a bloody fantastic deal.

[AGK]

RizzoTheRat said:

Parkers reckons about £25k new or a manual GTD, and a 3 year value at about £14k, so guess a 2 year old value of about £16-17k or £8-9k depreciation? Plus servicing costs etc.

Leasing for the same period of time for under £6.5k sounds a bloody fantastic deal.

Drive the deal doing them for £22k so sounds about right.

[RizzoTheRat]

That makes a bit more sense, I'd usualy expect leasing for a couple of years to be similar cost to owning outright as I assume the lease companies make a chunk of thier money from getting good deals due to bulk buying.

[DocArbathnot]

barrieeld said:

69MPG

[apn]

Only 5k miles a year, increase to 15k and it's £467.21 + VAT...

KTF said:

Currently £183.99 + vat x 23 with 1103.94 + vat upfront so £6402.90 all in.

http://www.centralukvehicleleasing.co.uk/vehicle/c...

[Dr Jekyll]

Welshbeef said:

Is that really correct ?
If so if you add up total lease costs and deposit it works out to be £266pcm all in.

There are few cars which depreciate less than £3 k a year used unless its vey very old - that's worry free motoring.

My car (MY2006) cost £5K four years ago and is still going strong, only 90,000 miles.

[Crafty_]

The biggest concern here is surely the bork factor of the FFRR?
One big problem and you could have a four figure bill, which would skew the "which is best" argument a fair bit ?

[EK993]

barrieeld said:

FFRR TDV8 overfinch @ £18,500 125k miles

£18,500 for a 125k mile RR

You would have to be absolutely mental