Have had this vehicle (Auto) on a personal lease for almost two years (ends in May) I paid almost 9k in total (based on 10k PA) and at the time it was a sweet deal!

Great family wagon well built, superb engine (55-65 Mpg) and according to the service indicator it will go back before having to go to the expense of getting it serviced, however I have had to replace the front two tyres at 11k! (£300) there is still plenty of tread on the rear so on reflection I should have rotated the wheels at around 8k and probably would not have had to replace any rubber. I have also had to top it up four times with 5L of "Adblue" at £15 a pop (Amazon) I dread to think how much they would charge at the main dealer.

For those who get it leasing is a cracking way of getting into a brand new vehicle which you may very well have never been able to afford using traditional means. My rule of thumb is the total you pay for the lease period should always be less than what you would loose in that same period should you have purchased the car from new.

In this case an Audi A6 Avant is around £35k new, after 24 months it's worth around £22k so a personal loss of around £13k or lease it for £7.5k for the same period!

Talk about dead money!

MM

As usual, the error in so many of the calculations being made on depreciation is to base that on list price; very unlikely you'd have to pay anywhere near that if buying this or most other cars new.

Not sure how old your Astra is but the fact you got it for 600 is clear indication of how rapidly it depreciated to get to that point.

I drive a 2001 car and try to do most work myself (removed starter motor earlier this week) however I equally appreciate that some people prefer to drive a newer and more well equipped car but don't see the sense in a big outlay.

Doesn't mean I should judge them just like I wouldn't want to be judged for the car I drive

Personally it has the 'I could own this car outright, but I'm not stupid to waste £s on a depreciating asset, so will pay for it accordingly' look.

Anyway, we have one of these on a business lease. It's a great car. Slightly firm ride, but very practical and imo looks nice and is a nice cabin to be in, either driving it or as a passenger.

8k miles per annum limit

8k limit...

6+23 not 24..

This would be the new Euro 6 engine, I have one in my Passat, it's a very good performer, surprisingly punchy and without the emissions story associated with the Euro 5.

Nice deal

That's a lot of car for the money.

parkers lease search shows their best price as £340pm with £2k deposit so this is a deal.

what part does it look? has it hot the I don't and never will own this car look?

Have had this vehicle (Auto) on a personal lease for almost two years (ends in May) I paid almost 9k in total (based on 10k PA) and at the time it was a sweet deal!

Great family wagon well built, superb engine (55-65 Mpg) and according to the service indicator it will go back before having to go to the expense of getting it serviced, however I have had to replace the front two tyres at 11k! (£300) there is still plenty of tread on the rear so on reflection I should have rotated the wheels at around 8k and probably would not have had to replace any rubber. I have also had to top it up four times with 5L of "Adblue" at £15 a pop (Amazon) I dread to think how much they would charge at the main dealer.

For those who get it leasing is a cracking way of getting into a brand new vehicle which you may very well have never been able to afford using traditional means. My rule of thumb is the total you pay for the lease period should always be less than what you would loose in that same period should you have purchased the car from new.

In this case an Audi A6 Avant is around £35k new, after 24 months it's worth around £22k so a personal loss of around £13k or lease it for £7.5k for the same period!

Talk about dead money!

MM

Personally it has the 'I could own this car outright, but I'm not stupid to waste £s on a depreciating asset, so will pay for it accordingly' look.

Anyway, we have one of these on a business lease. It's a great car. Slightly firm ride, but very practical and imo looks nice and is a nice cabin to be in, either driving it or as a passenger.

So in 2 years would this car be worth £7500 less?

A quick look on Autotrader seems to suggest it will. Apart from that, I'm pretty certain my father and his accountant wouldn't be leasing if it didn't have some financial benefit :laughing:

But that's not the whole story. Assuming you're swapping cars every couple of years and even if you can afford to buy outright, leasing can make sense - even if you don't save significant amounts. Hassle free motoring for the duration of the lease, no headaches when trying to sell it and, especially for a business, there are other benefits.

I'm sure there are people out there who lease because they would like to drive something they can't afford outright (personally not my mindset) and that's their personal decision and why not, if you can afford the payments. But from a totally financial point of view, most decent lease deals will help you save money compared to buying/selling every couple of years.

Ridgeway Audi in Oxford beat the price on the A4 deal posted a month ago by over a grand, so may be worth contacting them first if anyone is considering this!

even more less... if that double negative makes sense

In 2 years it will be worth 12k - 14k less.

The day you drive it off the lot it loses the 20% markup it has in the showroom
So yes, it's more than reasonable to expect a HIGHLY CONSERVATIVE 7500 depreciation over 2 years on this car. Likely it will be more.

RRP with VAT and dealer screw-you tax is 26,845
(source: https://www.audi.co.uk/content/dam/audi/production/PDF/UsedCars/Refresh/A6/A6%20-%20Sept%2006.pdf page 21)
a 7500 depreciation = 27.93% of the car's initial purchase price.

Using a depreciation calculator online http://www.whatcar.com/car-depreciation-calculator/results?makeId=5289&modelVersionId=6616&editionId=44891

Depreciation is estimated at 42.40% over the first 2 years, although it should be noted that their RRP shows as higher than the audi documentation. Still, this curve is very similar for all A6 models.

tl;dr this lease is a rocking deal. With a car you're always losing money (it's a depreciating asset). Much better to lose 7500/27.93% over 2 years than 42.40%(est 11,382). Spend that extra 3882 on something nice for your kids. Spend whatever's left over on that thing you've been waiting to buy yourself :wink:

I bought my A6 S-line at 2 years old for 20k with 26k on the clock. Which was 34k new so it lost 14k in the 2 years. If I wanted a new plate car I would deffo go for a deal like this.

Each to their own I guess, I've had my 600 pound vauxhall for almost 4 years and not having to put any expensive parts on (any work needed is done by me) so not all cars depreciate rapidly.
I'm happy for people to think I can't afford an expensive car some people on the other hand think a car reflects on how successful a person is.

I've just been trying to convince my wife that the a4 avant at 173 per month but it's not big enough so this looks like a great deal

I need 10k pa

sorry my bad I mean it hasn't deprecated rapidly in the time I've had it.

I knew you meant that, I was just pointing out that once you get into the sub £1000 range then depreciation reeaally slows down. As long as the car runs something then you'll always get something for it.
Admittedly that could be £300 which is 50% of what you paid (even less when you factor in parts), but in monetary terms, a car depreciating only £300 after 6 years is great.

It just can't be compared to a new car though

My thoughts too. Thought that only went in big commercial vehicles.

You thought wrong. Many current cars (Euro 6) need adblue.

Lots of high output diesel cars are now using selective catalytic reduction to meet Euro VI NOX limits.

Hmmm wonder why they felt the need to rename it AdBlue?

"Hey, I just filled my A6 with urea!"

As usual, the error in so many of the calculations being made on depreciation is to base that on list price; very unlikely you'd have to pay anywhere near that if buying this or most other cars new.

I have also had to top it up four times with 5L of "Adblue" at £15 a pop (Amazon) I dread to think how much they would charge at the main dealer.
£12 for 10L at Aberdeen Audi and £11 for the same size at BP and Shell garages so Amazon not the cheapest.

I like this deal and im tempted as for me having my money not tied up in a depreciating asset is better value. Not to forget although small even savings interest can be offset against it. However I reckonIncan make my money work better nonetheless.

Slightly different note i was tempted to try buying through broadspeed a car keeping just under 12 months doing around 8k miles and seeing what i could sell it for. Then rinse and repeat. I had a theory you would come out better than a lease depending on car.

Also again on another note this will depreciate more soon as its due the new version to bring it inline with the rest of the new range.

http://www.autocar.co.uk/car-news/new-cars/2017-a6-set-standard-large-audis

I would suggest since it's impossible for you not to be judged by some people about your choice of car, that you simple say 'your opinion regarding my choice of car is none of my business'. That sentence alone will bring you peace :smiley:

Seems a really good price, but as an owner of an inferior Golf MK6 to the car in this deal, I still couldn't go from petrol to diesel ever again, my car's engine is just so quiet and it's probalby not even the quietest petrol car, going from that to a clattering diesel, nah can't do it, it doesn't matter how refined a diesel is, you notice the engine noise if you've had a petrol car before it. Most lease deals are diesel as it makes sense, for private use I stick to petrol.

Remember Audi was the worst performer using defeat devices from Volkswagen. Audi is technically not even German, it's a Chinese crap with German label.

I have Audi's through the years and have seen quality go down, but do punish VW for their instrasagience. Do not buy Audi or any VW lease or otherwise. There are plenty of choices

I was interested in the A4 Avant deals too but I need a wider car as I have 3 kids. Thanks for posting OP.

Liking this thread a lot. Our mileage was way over the 8k with the deal here but may well drop soon after a move so could be looking at this.

Leasing is for lazy people that don't wash their cars themselves, service regularly or just keep things mint in general.

Every car I have owned I have had no problem selling as I kept my cars in excellent condition. I'd put them on auto trader or piston heads and they would sell within 2 weeks.

On that note why would I buy this car new? I'd get it used from a similar owner who takes care of his car at a fraction of the retail cost.

But on drive the deal you can get a brand new one for £28k which is £8k cheaper than the RRP. That will surely factor into some of the lease v new decisions. If you take the fact after 24 months the car is worth £22k second hand then you have only lost £6k in depreciation in those 2 years. Compared to the £7.5k for the rental?

also owning the car means you don't have to worry about the mileage you are doing each year. I have a new job which suddenly went from doing under 10 miles a day (driving to the train station) to now doing 140 miles a day, being tied into a lease for 8k miles per year would be no use.

Interesting. I didn't realise cars were doing this now. Sounds like another nail in the coffin for diesel.

That's a cracking deal and a lot of car for the money. I have a 2014 saloon version with the same engine, which is very good and doesn't feel underpowered at all.

you can buy a used a3 12 reg for this much.
not being funny

The issue with people arguing that you shouldn't lease as you can get £10k off the rrp is that that would only be possible if you paid upfront wouldn't it? If you haven't got that much cash then you're not going to get discount on the rrp if you need a hp agreement

Try 11 inches woohhoooooo.

How lease companies making profit? Lets say car worth 34k, after 2 years car worth 20k, and you paid lets say 8k for it, it means someone loses 6k? why, I do not understand ?

My brother is paying £210 + vat for 10k miles, business lease only.

Cold.
I bought my XR3I for £1000, added a new exhaust, and in car media total cost £500. It's now worth at least £2,000, so I've made money, and drive around in a performance classic car.
Why lease? Waste of money.

I'd have to agree with this, people seem to think that if you can plonk yourself down at a dealers and proclaim you have cash you will get an amazing deal.. The dealers are more interested in selling you the credit deals as that's where they make their money

My Dad and myself have both bought cars recently and the moment you mention cash they lose interest.

Best way we found was to answer the question "How would you be funding the purchase?" with "Whatever gets us the lowest price."

Are you serious? "Old Ford" This is a classic sports car, and will only go up in value.!

The point still remains that it has antiquated safety measures, has no warranty, and is going to take a lot of time, effort, and money to keep it on the road and even more so to keep it in tip top classic condition for the sake of investment. AND the xr3i wasn't the best of cars even when it was new. My mate had one and the interior fell apart with the lightest use. Your car might be a classic, it might be a great hobby for an enthusiast, it might even be a good investment BUT that doesn't necessarily mean it's a sensible purchase for someone looking for a good hassle free family car.

I have no issue with your choice of vehicle, you have your own set of priorities. But to claim that as a waste of money is just silly and I suspect you too "waste" plenty of your own money on things that you like and can afford. Like I said different people have different priorities, and for someone looking for a lease deal on a large estate this is a pretty good deal.

As it happens I had a school reunion last night. One of the guys didn't make it as he had a serious accident only the week before, in some old classic car (no idea what exactly he was driving to be honest but he has been into his classic motors since we were in school). Anyway, looks like they were considering having to amputate one of his legs from the knee down :/

This deal still seems to be running. Was initially very interested in a Skoda Superb estate, but nothing happening with a worthwhile variant. Can get a Q7 cheaper, it seems! Missed out on the recent Alltrack £3k odd 24month glitch deal by hours. Gutted,but no point crying over spilt milk!

I note the Alltracks can still be had on a relatively good deal of about £5.5k for 24 months or the equivalent over 36 months. I want to stop running a Citroen C6 and Kangoo van, and go for a nice estate. Single vehicle for all duties. The rugged Alltrack would have been ideal.

Or would this A6 deal definitely be a better bet at £7.5k over 24 months? Certainly would soften the blow coming from the luxury of the big C6.