PistonHeads » Gassing Station » General Gassing » Car Buying

Car lease for 25K miles per year

OP Posts Only

Author

Discussion

Gingernm

Original Poster

4 posts

64 months

[report]

[news]

Thursday 10th January 2019

Hi All,

1st post, long time lurker!

Current lease due to finish in a few weeks. Will be moving house shortly too, meaning my commute to work miles will be @60 miles each way. Work shifts (4 on 4 off + regular overtime) so will be doing @500 miles per block just for work.

Current lease is through a works scheme, but with various changes to this scheme it's not going to be that beneficial.

So, is a lease for 25k miles a year really going to give me value? Or would I be better piling the miles on a car I buy outright.

For example: lease seat leon cupra over 3 years with 1 month deposit at £350 per month will be £12,600 for the term. I could buy a car for @ that money and have no worries about the number of miles I do.

after 3 years cupra would be returned v car I buy might have a little value remaining.

Your thoughts would be appreciated

Flumpo

3,750 posts

73 months

[report]

[news]

Thursday 10th January 2019

The only answer is do your own comparisons and see what works for you.

Try to work out exactly what you get in each scenario. A car you buy for 12k can’t really be compared to a brand new car leased for 12k. They are two different cars, you just can’t compare.

Personally I would love to lease a car. I could get a much better new car for an amount I consider disposable each month. It would be under warranty and all singing all dancing.

But personally I don’t think it would work for me. I do 30k miles a year. After 3 years the car has been through the wars. The monthly lease would be huge and they would go to town on the return condition.

So I buy a car for 10k ish second hand and run it for as long as possible. I don’t have to worry about the condition but I may get a big bill any day. Ups and downs to both.

One day I will do less than 8k miles a year and I will lease. For now it doesn’t make sense for me. You need to work out your own circumstances.

Gingernm

Original Poster

4 posts

64 months

[report]

[news]

Thursday 10th January 2019

Cheers for your thoughts!

That's just the quandary, leased new car or nearly new owned outright?

I'm not in any rush as have use of the family bus and while my daughter is out in Oz I have the use of her, less than fun, auto aygo! So I could have a free car for 18 months. Put the monthlies away and then should my daughter return from Oz buy her something in return for the miles I've piled on her car.

thanks again!

SAS Tom

3,403 posts

174 months

[report]

[news]

Thursday 10th January 2019

Whether it’s worth it depends on what you think really. My dad leased an X trail on 25k a year and I think it was £1000 down and £350 a month which worked out really well vs depreciation. Surprisingly it was only about £20 a month more than one on 10k a year.

He got a lease due to the fact that the A6 he had previously suddenly died and became uneconomical to repair. It was a great car up until then with no other issues and well maintained. The lease gave peace of mind that being a new car it was unlikely to go wrong and if it did then he wouldn’t be footing the bill. It’s been fine and is due to go back in a few months. There are a few marks on it but it should be cheaper just to send it back as it is rather than fix himself.

ZX10R NIN

27,625 posts

125 months

[report]

[news]

Thursday 10th January 2019