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Author Contract hire cars ?
Gregor
Member
Registered: 28th Nov 03
Location: Paisley, Renfrewshire
User status: Offline
14th Feb 10 at 16:24   View User's Profile U2U Member Reply With Quote
Something Ive just been looking at today. Im self employed and wondering if this is an option to go down for a new car?

Pros and cons ?
1_Litre_Porsche_Beater
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Registered: 9th Apr 02
Location: Kent
User status: Offline
14th Feb 10 at 17:01   View User's Profile U2U Member Reply With Quote
Message Byron on here, im pretty sure he knows everything worth knowing about stuff like this.
Colin
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Registered: 4th Apr 02
User status: Offline
14th Feb 10 at 17:35   View User's Profile U2U Member Reply With Quote
Couple guys at work have private lease hire cars. Its ok I suppose you get a new car every 3yrs & only need to pay for insurance on top of the lease fee.

Not sure if its something id want to do,
1_Litre_Porsche_Beater
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Registered: 9th Apr 02
Location: Kent
User status: Offline
14th Feb 10 at 17:47   View User's Profile U2U Member Reply With Quote
Yeh your pretty tied down for the duration and if your anything like me you get bored of a car after 6 months or so. Saying that i'd rather take this route than HP on a car.
Brett
Premium Member

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Registered: 16th Dec 02
Location: Manchester
User status: Offline
14th Feb 10 at 18:13   View Garage View User's Profile U2U Member Reply With Quote
If you get bored after 6 months then get a 6 month lease. Simple.
Baskey
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Registered: 31st May 06
User status: Offline
14th Feb 10 at 18:41   View User's Profile U2U Member Reply With Quote
My mate pays £330 ish a month for a a3 2.0 tdi s line with loads of options.

Its not for me as i enjoy the owning and looking after aspect of cars but for him its perfect, he nails it for a year and a half, only pays for insurance and tyres and can generaly just abuse it.
BlueCorsa
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Registered: 14th Jan 04
Location: Midlands Drives: MB SLK250 CDI
User status: Offline
14th Feb 10 at 18:41   View User's Profile U2U Member Reply With Quote
Huge payments to cover massive depreciation on a 6 month lease though.

Contract hire is good if you are VAT registered, otherwise you have to add VAT to the monthly prices. And maintenance is usually only included if stated.
Brett
Premium Member

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Registered: 16th Dec 02
Location: Manchester
User status: Offline
14th Feb 10 at 18:46   View Garage View User's Profile U2U Member Reply With Quote
Yeah, you do pay more, but that's the price of a new car every 6 months.

People say it's better to own your car, etc. but you're no better off with a brand new car on finance IMO.
BlueCorsa
Member
Registered: 14th Jan 04
Location: Midlands Drives: MB SLK250 CDI
User status: Offline
14th Feb 10 at 20:37   View User's Profile U2U Member Reply With Quote
Definitely, no ball ache selling on or trading in either, just hand it back and get a new one.

 
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