Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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Colin you fucking mug with two hassle-free nice cars that aren't actually costing any more than they'd depreciate if you bought them outright 
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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That was a joke BTW 
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ed
Member
Registered: 10th Sep 03
User status: Offline
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I think PCP might be better than leasing as you can swap the car part way through the term, plus you get a bit of equity in the vehicle to use for the next one. My 500 will cost me something like £3.8k in the 18 months I plan on keeping it and it needs no tax, MOT or servicing.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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Would the accumulation of equity not mean your payments were too high?
ie. lease and put £50pm under the bed is the same.
I do genuinely feel the maths will balance whatever the approach, you're only fighting depreciation ultimately.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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You could lease and save I suppose. The only difference then would be the ability to walk away. Like you say, all you're really paying for is the depreciation, and a little interest on to too. The rates on cheapo things like Fiats are pretty good, plus the resale on 500's is pretty good so they're not that expensive to finance to start with.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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I'm always surprised when I go looking for something big for work and end up looking through the cheap stuff. I remember when £150pm was a bargain balloon deal, nowadays you actually have lots of choice at half that pm.
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SVM 286
Member
Registered: 13th Feb 05
Location: pain
User status: Offline
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What are you referring to there Ian?
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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PCP usually carries a heftier deposit.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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quote:
Originally posted by SVM 286
What are you referring to there Ian?
When I go looking for something that can tow and end up wanting a Chevrolet Spark.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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http://www.nationalvehiclesolutions.co.uk/Audi-A4-Saloon-1.8-170ps-Blk-Ed-Nav-Business-Lease/30221
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ed
Member
Registered: 10th Sep 03
User status: Offline
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Running a pretty local business if you're only doing 5k a year in it 
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DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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quote:
Originally posted by ed
Running a pretty local business if you're only doing 5k a year in it
Anything more than 8k/year it says POA 
Theres a £1,500 (+VAT) deposit and a £199 admin charge too.
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Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
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thing is, you could buy a t4 transporter, have it for 3 years, and its made you money. you also would own it in that time.
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Fiesta Zetec S 1.0 125ps models can be had for about £130 Inc VAT at the moment.
And judging by the 1.0 100ps Focus I drove yesterday, that will be a splendid little car.
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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For all the h8erz, have you considered that people just want a nice car, that is why they spend a lot of their income on one? I know I would much prefer to drive home after a long day at work in a brand new car not an old shitter where you worry if every little noise could mean a ride home courtesy of the AA.
With current interest rates there is no point doing any savings, but you can borrow/finance stuff cheaply so it makes sense to enjoy the money instead of it devaluing in the bank.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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No antnee. All people can see is their rose tinted version whereby used cara never break down.
Like i said, these people probably have mortgages. Major facepalms.
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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The only time a lease doesn't make sense is if the car doesn't depreciate as much as the GFV on normal finance.
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DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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quote:
Originally posted by antnee
For all the h8erz, have you considered that people just want a nice car, that is why they spend a lot of their income on one? I know I would much prefer to drive home after a long day at work in a brand new car not an old shitter where you worry if every little noise could mean a ride home courtesy of the AA.
With current interest rates there is no point doing any savings, but you can borrow/finance stuff cheaply so it makes sense to enjoy the money instead of it devaluing in the bank.
So a Pre-reg or 6 month to a year old car is an 'old shitter'?
quote:
Originally posted by antnee
The only time a lease doesn't make sense is if the car doesn't depreciate as much as the GFV on normal finance.
Also those talking about depreciation you clearly are living in another dimension to the rest of humanity because you do realise finance companies are NOT charities, they are making massive profits and they are certainly not doing that by leasing cars at a lower than cost price. 
By the way you are talking about having new stuff Antnee I bet you are one of those sorts who has 2 or 3 phone contracts
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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I genuinely don't know anyone with 2 or 3 phone contracts? Is that really a thing?
I know plenty of people who spend an insane amount of money every year to have a new phone which I think is mental but then I doubt they think me pampering an old Corsa makes much sense either
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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I don't have a single phone contract
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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quote:
Originally posted by DaveyLC
So a Pre-reg or 6 month to a year old car is an 'old shitter'?
No, people are comparing running a brand new car (ie on lease) to running a 15 year old cheapy motor
quote:
Originally posted by DaveyLC
Also those talking about depreciation you clearly are living in another dimension to the rest of humanity because you do realise finance companies are NOT charities, they are making massive profits and they are certainly not doing that by leasing cars at a lower than cost price.
Some lease deals do end up costing less than the depreciation, the lease company will probably still make money as they will get the cars much cheaper than Joe Public does.
This deal http://www.gateway2lease.com/z_renault_meganecoupe_1.6vvtdynamiquetomtom3dr_15669_leasing.php#.VYiDFflViko works out at £10613, cost of car from Renault is £18250 and there is an example on Autotrader at 3 years old for £7500 which is £137 worse off if you bought it.
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SVM 286
Member
Registered: 13th Feb 05
Location: pain
User status: Offline
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quote:
Originally posted by Ian
quote:
Originally posted by SVM 286
What are you referring to there Ian?
When I go looking for something that can tow and end up wanting a Chevrolet Spark.
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SVM 286
Member
Registered: 13th Feb 05
Location: pain
User status: Offline
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quote:
Originally posted by Ian
http://www.nationalvehiclesolutions.co.uk/Audi-A4-Saloon-1.8-170ps-Blk-Ed-Nav-Business-Lease/30221
46mpg is pretty good going for a petrol car of that sort of size too.
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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quote:
Originally posted by SVM 286
quote:
Originally posted by Ian
http://www.nationalvehiclesolutions.co.uk/Audi-A4-Saloon-1.8-170ps-Blk-Ed-Nav-Business-Lease/30221
46mpg is pretty good going for a petrol car of that sort of size too.
All new cars are this efficient pretty much Jim.
Spend less on Petrol/Ins/Tax, spend more on the car
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3CorsaMeal
Member
Registered: 11th Apr 02
User status: Offline
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Spend less on the car, spend more at demon tweeks
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