[Closed] Car leasing, anyone here do it??

Minor damage is acceptable but has to be minor. Accident damage you will have to repair either using insurance or paying for it through one of their recommend repairers.

[quote=chestrockwell ]1 Series Sport. 12.5k, 9k loan at £170pm.
Replaced with 1 Series M Sport. 2k down then £280pm. It's not on lease, it's PCP with option to buy.

So effectively £340 a month, ie twice what you were paying before.

It's hard to compare exactly with your figures, but if we look just at the headline rate (which is very favourable to the lease deal given the different terms), then you're paying £4k more for the lease over 3 years - presumably shiny is worth that much to you. Which comes back to people being prepared to spend a lot of money on very ordinary cars.

[quote=RichPenny ]Another one here who thinks comparing a lease to a S/H car is apples and oranges really, especially at 5+ years old.

It's a box which gets you places. A s/h one works fine at that - it's a perfectly decent apple. If you think it's an orange then you're placing an entirely different value on a car. BTW the pricing I did up there for a Focus you were reselling it at 5yo.

@yankee - your figures look much as I'd expect based on what I've looked at.

[quote=wrecker ]yankee, I recently got a quite around £400/month for an m sport touring inclusive of tyres and maintenance. Of course the lease will cost more, but with the buy, at the end of the term you'd be driving a car with 120,000 miles on the clock compared with one with only 60,000. There will be a cost for that!

For 20k a year, which is what his was based on?

A cost for a car with 120k on the clock? He appears to have allowed for a clutch/DMF and another big bill in his calcs, and given how well cars keep going these days 120k miles is nothing. I'm guessing those doing leases don't drive cars with that many miles so don't appreciate they don't actually feel worn out at that.

I really do get that some of you like the new car smell, but I think you're ignoring the real extra cost because you pay for it monthly. A lot of other more fun things to do with several thousand pounds.

Yep. They are the terms we need at work. There are some great deals on 3 series at present (I think it's because the new A4 is out).
A car [i]might[/i] be OK at 120k, but it will show significant signs of wear, some elecs will have failed etc and there is a fair chance that it will need some investment. Engines may be better equipped to handle high mileage, but it will still be a very used car. My 3 series has 65K on it, and whilst it's still nice it is worn.
I'm not for a second claiming that leasing makes sense for everyone, but in some circumstances it can be a good option.

Yankee is comparing brand new to a car that costs less of course the monthly payments will be cheaper and yes as he's buying he has the car left over for what it's worth. As said and you've kind of said it comes down to what you want. I want trouble free motoring a nice car, even if it isn't an RS4, the car is never mine but I like getting a new car. I like my cars, I like driving, I like driving in comfort and I like to know that each month that's all I'm paying out.

I got hit badly twice with 2 cars around 4 years old that cost me big bucks to fix, one came at a really bad time so it was a struggle financially and the inconvenience of not having the car. So I tried the lease on an 18 month deal they had at the time so if I found it rubbish it wasn't for long. I've not looked back the big thing was when my Dad took seriously ill a few years ago, I made several dashes to the hospital at various times of night and day. I spent hours at his side before heading home in Various times night and day, every time I knew the car wasn't going to fail me.

There's no real right or wrong answer it's down to preference and what you call an acceptable risk and loss.

With the greatest of respect, the RS4 is not a great comparison as it's a different breed of car all together. What will a clutch cost you? A pair of tyres? Exhaust? Proper service?

Servicing the fueling the RS4 isn't cheap for sure. It's on 90k miles now so haven't yet needed a clutch or exhaust but last set of tyres was £480 all round - that's for Goodyear Eagle F1's, and a general service around the £3-400 mark. Occasionally it's needed more expensive stuff doing, e.g. a cambelt approx £700, brake discs and pads, again approx £700 all round for genuine Audi stuff.

Yet comparably, if you break down the cost of running the car over the last 3 years plus any depreciation (which has been minimal) then it works out about the same monthly cost as if I was to do 15k miles a year in a brand new leased Astra/Golf/Civic (insert any other basic, bland uninspiring Eurobox here).

I'm not trying to slate car leasing full stop as it can suit some people, just pointing out that for the same monthly cost you could either have something so much more exciting, or if costs are important, save your self a packet by just forgoing the lease and buying yourself something a few years older.

Sadly it seems that saving up for something you want is old fashioned now. Appreciate that once you go down the leasing route then it's very difficult for you to break the cycle. This is exactly where the car manufacturers want you as a consumer, tying people into expensive 2/3/4 year financial commitments, after which they still don't have the money to buy outright so it's onto another 2/3/4 year deal.

With car's it's clear that a DAB radio, parking assist, satnav, bluetooth compatibility, a white paint scheme, keeping up with the Jonses and other pointless gubbins etc are far higher up peoples priority list these days than how the car actually drives, feels, handles or performs. People seem to value 'new' over 'good'.

LOL. No offense agent007, but someone who drives a 4.2L petrol car which gets, what 20mpg? shouldn't be criticizing what others look for in a car!
Don't get me wrong, it's very nice but in terms of efficiency it's a bit of a relic!

For some reason it reminds me of that STW member who stood as a green party candidate, despite having a penchant for souped up subaru WRXs!!!!
It's not the same, but that always makes me chuckle.

LOL. No offense agent007, but someone who drives a 4.2L petrol car which gets, what 20mpg? shouldn't be criticizing what others look for in a car!

Not just me then? 😆

Nice cars though.

Don't get me wrong, it's very nice but in terms of efficiency it's a bit of a relic!

Yep about 21mpg average but it's already been manufactured, and hence is now much more environmentally friendly to keep it on the road than to jump on the bandwagon and buy some supposed Bluemotion Eco VW that does (with cheat box installed) an alleged 60mpg!

[url= http://www.theguardian.com/environment/green-living-blog/2010/sep/23/carbon-footprint-new-car ]Carbon Footprint of a New Car[/url]

So all you car leasers upgrading to a new model every 2/3 years are actually doing more damage than you think.

So all you car leasers upgrading to a new model every 2/3 years are actually doing more damage than you think

Mine was already manufactured too.

Yep about 21mpg average but it's already been manufactured,

So all you car leasers upgrading to a new model every 2/3 years are actually doing more damage than you think.

His RS4 magically appeared no one had owned before hand so he could get it just appeared used one day out of thin air.

Guys, think whatever helps you justify your own case but it's a well known fact that car leasing has massively artificially increased demand for new vehicle production, with the side effects of clogging up residential streets with parked cars (putting people off things like cycling) and effectively making many older vehicles obsolete way before their design lifespans. It's waste and consumerism at it's worst!

New car production if you actually bothered to read the link I posted is a very major contributor to CO2 production. Still if it means you get a shiny new motor every 2/3 years then who cares about the planet right? I've had the RS4 for 4 years already and can't see me replacing it in the foreseeable future. A sideline environmental benefit of me having a car that does 21mpg is that it makes me think twice before using it to drive anywhere I could possibly drive/cycle or take the train to. That can only be a good thing.

Guys, think whatever helps you justify your own case but it's a well known fact that car leasing has massively artificially increased demand for new vehicle production, with the side effects of clogging up residential streets with parked cars (putting people off things like cycling) and effectively making many older vehicles obsolete way before their design lifespans. It's waste and consumerism at it's worst .

Ah! They're all lease cars are they? Ok.

Yes I read your emissions thing. So where do these lease cars that clutter the streets vanish to at the end of the lease?

this got really weird.

Ah! They're all lease cars are they? Ok.

[url= http://www.theguardian.com/money/2013/oct/08/why-britain-cant-stop-buying-new-cars ]Vast majority of them yes![/url]

hire purchase is not leasing. If anything is to blame for any uptake in car registrations, as that article says; it's cheap credit. That applies as much to used as it does to new.

So it blames PCP in that article which isn't a lease, yeah you were wrong.

Ive just signed up to a leased car as I have a new job that means I need to provide a car no more than 5 years old (car allowance). I've also just had another baby so need something big that will fit 3 car seats in. Usually I hunt out a really good secondhand buy and have done pretty well over the years not get no stug for much depreciation or repair bills. I was looking at a Honda Accord 3-4 years old, mostly around 10-12k out of warranty, so quite a punt. I just put a cluch in my 10 year old civic at a cost of £1000 😯

The value of leasing depends massively on the car you are after. I wanted a Subaru Forrester of Levorg, but would have been £600+ per month leased. I ended up with a Nisan X trail (decent spec) for £300 per month. PCP on this would be £450 per month and £6000 up front. If I wanted to own the car at the end I would have had to pay what it was worth.

In this instance leasing is a no brainier. I've gone for a 2 year deal as by that time I won't need something so big and apcan go back to normal estate cars. Also a Subaru Levorg will be about 25% of its list price.

Forgot to mention, no much cop is you do more than about 15k per year.

[quote=tom200 ]I've gone for a 2 year deal as by that time I won't need something so big and apcan go back to normal estate cars.

😆

(BTW my Mondeo will fit 3 car seats)

Looked at a mondeo, it was more of a faf then my civic. Good car otherwise through.

I can't get off my street (on the bike) due to leased cars clogging it up.

How am I'm going to ride my bike to work too as I've been put off cycling by renting a car specifically setup for low yearly miles because I ride more than I drive? I also hate leaving my capital in the bank too - and can't stand the lack of breaking down, servicing and mot's. I really have a problem with no VED and newer more fuel efficient engines and modern safety in new cars.

The 3 year warranty is a bind too as is the free breakdown cover - it's a very frustrating driver experience.

Not to mention having a car with no wear and tear from the off - I want the good old days back. I also hate having a new car every 2-3 years based on my circumstances - that's the sort of flexibility you could do without. I miss the used dealer lads too - what a friendly bunch all looking out for your best interest, or scouting autotrader only to be spoiled by choice of perfectly well looked after vehicles in fabulous condition after you've driven 150 miles to check them out.

I'm almost convinced.

. I miss the used dealer lads too - what a friendly bunch all looking out for your best interest

That Lingcars site is hilarious. Putting a button on your webcam page that lets you play The Proclaimers at their Scottish employee is not what you'd expect from someone in that line of business.

Apparently he doesn't like it for some reason. 🙂

I can't get off my street (on the bike) due to leased cars clogging it up.

I hate not spending lots of money every year paying for a lease. I hate having a s/h car which is exactly the same model as I could have got new on a lease, so just as safe etc. I hate having a lot more money left in the bank after 3 years. I hate having a car at the end of those 3 years which I don't have to pay anything more for and can just keep driving.

It's a pity you don't hate being a bellend

i really love paying for a shiny car to sit on my drive when i cycle to work. really makes the jones' curtains twitch.

or as a colleague found - living in fear of his new Q7 being dinged as he would have to fix it before hand back

There are some bitter people on here today.

[img] [/img]

Would you not fix a dinged car anyway? Nobody wants to drive around in a dinged and dented POS do they?

Well hello occasional poster, thanks for your contribution to the thread. Are you not feeling satisfied by your leased 1 series?

"Would you not fix a dinged car anyway? Nobody wants to drive around in a dinged and dented POS do they?"

Why ? they all end up in the scrap yard at the end of the day ..... its transport from A - B. Means i dont get strung up in carparks when someone knocks it with a trolley or a door...... or my mate sticks his bike against it post ride.

I used to have pride in my car - then i realised that no one else gives a shit so its easier just to have a car i dont care aboot. My old golf went from mind to shitter in about 3 months thanks to carpark asshats - thought id moved to paris overnight to be fair.

[quote=wrecker ]Would you not fix a dinged car anyway? Nobody wants to drive around in a dinged and dented POS do they?

There speaks somebody who buys cars on a lease because they place intrinsic value in a car beyond something with wheels which gets you from one place to another. As discussed recently on another thread, it's actually quite good for the blood pressure to not be all that bothered by a minor scrape.

It's not like I've bashed my car into anything, but I'm unfussed by car park dings, or indeed when mrs aracer scraped the side against a post.

Why ? they all end up in the scrap yard at the end of the day

There speaks somebody who buys cars on a lease because they place intrinsic value in a car beyond something with wheels which gets you from one place to another.

I used to have pride in my car - then i realised that no one else gives a shit so its easier just to have a car i dont care aboot. My old golf went from mind to shitter in about 3 months thanks to carpark asshats - thought id moved to paris overnight to be fair.

*However* I can still understand why *some* people prefer to drive a newer car. You are not right and they are not wrong. They are just different opinions.

[quote=wrecker ]No there does not speak somebody who leases cars actually.

Oh, so you're not actually currently getting quotes and arranging one as discussed upthread? You have spent a lot of time advocating it and knocking down the alternatives for somebody who doesn't do it.

Same goes with houses, I could probably reside in a smaller house but I like having some space.

Yeah, a smaller house is a prefect analogy for a s/h car - or at least it would be if you could only get big cars on a lease and small cars s/h.

What bike(s) do you own out of interest aracer?

I own what was a top of the range bling machine when I bought it (26" wheels though 😥 ). Which cost me less than the difference between what I've paid to own my car for the 4 years I've had it and what it would have cost for a 3 years lease (even if I scrapped it tomorrow). Which is kind of my point, well done for helping with that - I could have had a shiny car, or I could have had my car which is less shiny but has done just as good a job of getting me to CyB, Afon etc. Well a better job, because with my car I have a shiny bling bike to ride when I get there rather than having to walk.

[quote=johndoh ]*However* I can still understand why *some* people prefer to drive a newer car. You are not right and they are not wrong. They are just different opinions.

I've never said they are wrong - but there has been a lot of spurious justification of the financials on here by people who seem to want to ignore how much it costs to do that.

Oh, so you're not actually currently getting quotes and arranging one as discussed upthread? You have spent a lot of time advocating it and knocking down the alternatives for somebody who doesn't do it.

I own what was a top of the range bling machine when I bought it (26" wheels though ). Which cost me less than the difference between what I've paid to own my car for the 4 years I've had it and what it would have cost for a 3 years lease (even if I scrapped it tomorrow). Which is kind of my point, well done for helping with that

beyond something with wheels which gets you from one place to another

This thread came along at a handy time. I've just passed my test (at the tender age of thirty four)and have been umming and ahhing about whether to buy or lease.
I have no interest in cars or driving, and would happily potter around in a battered eyesore. The things that are leaning me toward a lease are the idea that I could get a tiny practice car for a couple of years to get the hang of driving and develop a no-claims, and after a decade of lost sleep thanks to the perpetual problems with my elderly house I just want the worry-free option. As noted above, paying a premium so that I don't have to pray the thing works when I turn it on, or have to go through the rigmarole of second-guessing dealers/mechanics is fine by me.
Trying to keep the thing in a nice enough state to hand back is a concern in itself though, I don't like the idea of becoming the kind of person who cares about appearances. Especially when the kids'll occasionally be in it, I'd rather not be getting tetchy over chocolate stains on the ceiling etc.
Driving's shit, I'm not enjoying any of the experience.

[quote=wrecker ]

beyond something with wheels which gets you from one place to another

Well no, it's quite clearly not, because most of us ride round in circles.

The bike I use for transport is cheap and tatty.

Well given that we always end up where we started from, our driving is the same, no?

I get in my car at one place and out of it at another - is that not what you do? Lease cars for driving round in circles then.

Something tells me aracer didn't get Steak for tea last night.