Skoda Yeti Outdoor Diesel Estate
2.0 TDI CR SE L 5dr
24 month lease @ £118.79 per month
9 month deposit of £1,069.09
Estimated fees of £200.00 (not obvious on website)
Total cost of £4,001.26 or £166.72 per month
Price quoted is for a lease mileage of 8k per year.
Seems like a great deal for a car with a list price of £21,935.00
Please be gentle, this is my first post.
Top comments
Bossworld
19 May 166#1
Lease deal and your first deal post all in one? Good luck :smiley:
(Heat added).
g8spur to tighty
19 May 165#4
Couldn't get 2 more different cars if you tried!!
tighty
19 May 164#11
there is a great business quote that says "if it depreciates then lease it; never buy it".
I've done a few lease deals now and never had a probelm at all with returning them. If you look at the depreciation of this car over 2 years.
list price is £20365 but you can probably buy it for £18000 ish.
After three years it's expected to be worth £10800 so losing £7 over 3 years. It will cost me £4585 over 2 years so slightly better than buying it and selling it on afterwards.
ofc these are all subject to changes in the market but generally, if you wait for the decent deals, they are better value than buying NEW. second hand cars are always better value though
All comments (38)
Bossworld
19 May 166#1
Lease deal and your first deal post all in one? Good luck :smiley:
(Heat added).
dothedealnow
19 May 16#2
Great deal for a great car.
tighty
19 May 16#3
i nearly bought this but was concerned with the 110 Bhp engine. I ended up getting the 208 GTi instead for £145 a month
g8spur to tighty
19 May 165#4
Couldn't get 2 more different cars if you tried!!
ICTHUS to tighty
19 May 16#9
Not a high performance car the Yeti. But not bad at 0-60 in 11 sec.
Good fuel economy as well. Lots of space and well equipped.
I think you like racing in your little GTi.
crgritchie to tighty
19 May 161#10
Good price for a 208 GTi
Oneday77
19 May 161#5
Oh I don't know a Fiat 500 and a Maybach may be greater polar opposites of each other.
tighty
19 May 161#6
Yeah i know. I needed a second car for occassional trips locally and motorway so didn't need anything practical just fun. The skoda seemed a bargain and i thought with the 140-150bhp engine it would of been enough torque to be slightly fun but not with the 110 version. But then i saw the GTi and it seemed a no brainer.
guitaristanime
19 May 16#7
I've never really understood car leases. So for the figures quoted, you get the car for 24 months? What happens at the end of those 24 months, do you just give the car back? How likely are they to sting you for damages and what not?
Been deliberating over choices of new cars for later on in the year and need to know what the best value for money ways of purchasing a vehicle are. The idea of leasing a vehicle doesn't really appeal to me, but that may be because I don't understand why this is good value or better value than getting something else outright on a low interest finance deal etc.
Any feedback appreciated.
EDIT: if anyone wants to do an example, I'm only after something like a Fiesta, Focus, i30, Polo, Golf. Really not fussy just like it to be good value for money.
shakerstevens to guitaristanime
19 May 16#14
If your not sure about leasing or purchasing out right the best thing to think about is if you buy the car out right (or on "normal" finance) what will the depreciation be like after 2 years. If the depreciation is higher than the cost you pay on a lease, you may as well lease. If the depreciation is lower to buy than what you would pay on a lease then buy.
As with the condition the car is given them back to after 2 years - yes you might have to pay for damages above the normal wear and tear, but then if you own a car and damage it within 2 years it will be worth less (to sell 2nd hand) than a car in mint condition, so horses for courses.
I was in a similar position to you, in the end I bought a car on normal finance, but only because the cost PM was less than leasing (especially as there is often a set up fee when leasing that can be £200-£400). I was really considering the lease but didn't work out quite as cheap for me. And the good thing with the deal I went with, although its not a lease I can still give the car back at the end of the term (or decide to pay a large final payment should I wish to keep it).
I was in the exact same position as you, did not have a clue about leasing!
Then I did some research and rang a few dealers.
Ended up getting a Golf for £1000 deposit and £150 a month.
Seems like a fairly good deal for the amount of kit and the list price being £24k means I will pay around £4.5k for 2 years.
I dont think thats too bad!
Like others have been said, if you want a new car and you are worried about depreciation, the bargain lease deals are the ones to go for!
crgritchie
19 May 161#8
Jeepers that is good. Thought the x-trail deal wasn't bad but this beats that, esp with 60% more mileage. Have some heat.
tighty
19 May 164#11
there is a great business quote that says "if it depreciates then lease it; never buy it".
I've done a few lease deals now and never had a probelm at all with returning them. If you look at the depreciation of this car over 2 years.
list price is £20365 but you can probably buy it for £18000 ish.
After three years it's expected to be worth £10800 so losing £7 over 3 years. It will cost me £4585 over 2 years so slightly better than buying it and selling it on afterwards.
ofc these are all subject to changes in the market but generally, if you wait for the decent deals, they are better value than buying NEW. second hand cars are always better value though
Opening post
2.0 TDI CR SE L 5dr
24 month lease @ £118.79 per month
9 month deposit of £1,069.09
Estimated fees of £200.00 (not obvious on website)
Total cost of £4,001.26 or £166.72 per month
Price quoted is for a lease mileage of 8k per year.
Seems like a great deal for a car with a list price of £21,935.00
Please be gentle, this is my first post.
Top comments
(Heat added).
I've done a few lease deals now and never had a probelm at all with returning them. If you look at the depreciation of this car over 2 years.
list price is £20365 but you can probably buy it for £18000 ish.
After three years it's expected to be worth £10800 so losing £7 over 3 years. It will cost me £4585 over 2 years so slightly better than buying it and selling it on afterwards.
ofc these are all subject to changes in the market but generally, if you wait for the decent deals, they are better value than buying NEW. second hand cars are always better value though
All comments (38)
(Heat added).
Good fuel economy as well. Lots of space and well equipped.
I think you like racing in your little GTi.
Been deliberating over choices of new cars for later on in the year and need to know what the best value for money ways of purchasing a vehicle are. The idea of leasing a vehicle doesn't really appeal to me, but that may be because I don't understand why this is good value or better value than getting something else outright on a low interest finance deal etc.
Any feedback appreciated.
EDIT: if anyone wants to do an example, I'm only after something like a Fiesta, Focus, i30, Polo, Golf. Really not fussy just like it to be good value for money.
As with the condition the car is given them back to after 2 years - yes you might have to pay for damages above the normal wear and tear, but then if you own a car and damage it within 2 years it will be worth less (to sell 2nd hand) than a car in mint condition, so horses for courses.
I was in a similar position to you, in the end I bought a car on normal finance, but only because the cost PM was less than leasing (especially as there is often a set up fee when leasing that can be £200-£400). I was really considering the lease but didn't work out quite as cheap for me. And the good thing with the deal I went with, although its not a lease I can still give the car back at the end of the term (or decide to pay a large final payment should I wish to keep it).
The deal I went for was on a Fabia very similar to the deal here http://www.hotukdeals.com/deals/new-skoda-fabia-99-deposit-99-per-month-42-months-pcp-4158-gordon-lamb-2416322
Then I did some research and rang a few dealers.
Ended up getting a Golf for £1000 deposit and £150 a month.
Seems like a fairly good deal for the amount of kit and the list price being £24k means I will pay around £4.5k for 2 years.
I dont think thats too bad!
Like others have been said, if you want a new car and you are worried about depreciation, the bargain lease deals are the ones to go for!
I've done a few lease deals now and never had a probelm at all with returning them. If you look at the depreciation of this car over 2 years.
list price is £20365 but you can probably buy it for £18000 ish.
After three years it's expected to be worth £10800 so losing £7 over 3 years. It will cost me £4585 over 2 years so slightly better than buying it and selling it on afterwards.
ofc these are all subject to changes in the market but generally, if you wait for the decent deals, they are better value than buying NEW. second hand cars are always better value though