Car leasing
- Thread starter BenBhoy
- Start date
BenBhoy
Well-Known Member
It's not even that tbh. Will only be getting the cheapest we can afford. She's not brand snob - just wants a car that's not full of sheep shïtThat's the crux of it, unless it's a business expense then it's just to be able to keep up with the Jones', champagne tastes on Lambrini money
Rasputin
Well-Known Member
Even if you had the cash why would bother buying something that depreciates. Assume you had £50k knocking about and wanted a £50k motor you could probably lease it over three years for <20k and have the remaining 30 as free cash flow to do with what you wanted invest or spend it’s your call. No point buying or leasing if it strangles your cash flow.
Morkai
Well-Known Member
What sort of monthly expense do you want to fork out?
A girl at work just got a good deal for around £280 a month on a Fiat 500, depends what you want.
The way Ive always looked at it is, if you're going to pay interest then instead of £500 a month on car rent, I'd rather get the £6k loan, £500 a month, buy a car, pay it iff in a year and keep the motor.
You don’t have to spend much at all to get a half decent runner.
Over the last 20 years of driving I’ve never wanted a new car. Always bought old crappy cars because that’s what I like and what I can afford and in Cornwall, it’s going to get ****ed up in no time unless you keep it on A roads and round the town centre. As soon as you meet a tractor and trailer coming down the lane at 40mph and you have to tuck yourself into a Cornish hedge for him to get past, you’ve had it!
My last car purchase was 5yrs ago, cost £800, had 12 months MOT, was mint inside, went through 2 further consecutive MOT’s with no work whatsoever needed. Lasted until a couple of months ago. That’s cost me £160 a year plus a few hundred for minor repairs here and there.
I just spent £1500 on a “new” car so hoping to get another 5yrs out of that one!
This is pretty much the same as me.
I've been driving an 06 Nissan xtrail for the last five years. Its done 170,000 miles , and I paid £1,400 for it ( thats a lot of money by my new car standards). Its gone through its mot again today , and I'll drive it until its completely had it.
I worked in the motor trade for around 15 years . I now have no interest in cars whatsoever ( just as long as it starts every day).
Post crash (2010 - 2020) was awesome, manufacturers long of cars and almost 0% interest, late 2012 we leased a Merc c220 AMG trim shooting break and c250 coupe same trim (awful car though) for just over £500 pcm COMBINED which was crazy not too!
Covid hitting supply chain thus prices going up and now ’real world’ interest rates make leasing insanely expensive, although with the shift towards a trans global war and inevitable financial catastrophe there might be some good deals in 2025, unless of course we are all dead…
Covid hitting supply chain thus prices going up and now ’real world’ interest rates make leasing insanely expensive, although with the shift towards a trans global war and inevitable financial catastrophe there might be some good deals in 2025, unless of course we are all dead…
Irritating rattle than main dealer couldn’t/wouldn’t fix, very vague steering with super stiff suspension coupled with Pzero ‘lites’ gave rise to a few brown streaks on the upholstery after icy mornings, boringly fuel efficient was about it.. The shooting break was great, extra stiffness of the coupe just made it dead to drive.
I‘m not old enough to drive an E class (or Volvo, Jag etc), 35 years to go!
Deutsch - Drahthaar
Well-Known Member
Pre Covid wife leased a mini diesel via work for LG and was £190 per month all in including a decent personal millage allowance, tax, servicing, insurance and tyres etc so sold her car as was a no brainier. 3 years later same deal was well over £500 for basic petrol hybrid shite so bought another car and claim per mile now.
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