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
Latest comments (38)
rporteo
19 May 16#38
What people don't factor in when they say "you can buy it new with discounts for X" is you have to finance the full amount and if for arguments sake you got this car for £17k you would be paying circa £340 a month over 5 years if you managed to get a low rate of about 4% flat. If you change your car every 2 years you'll still just about owe in finance what the cars worth and you'll have paid over £8k in payments if you change after 2 years.
useless_57
19 May 16#18
It's a good deal for a good car BUT Select Car Leasing are a shocking company to deal with.
I ordered my car from them about 18 months ago and their level of incompetence and indifference was staggering. Everything was fine up to the point where I placed the order but after that it was one problem after the other. They often didn't respond to emails and when I phoned I was given contradictory information.
Having leased cars every 2 years for the past 12 years they are without doubt the worst company I have dealt with and would not recommend them. That said, others may not be as unfortunate, but you have been warned.
Major_Lee to useless_57
19 May 16#37
Mind telling me a couple of the best companies you've dealt with ?
I'm new to leasing, and like others just doing some research into whether it's worth selling my wife's car privately and going down the lease route....am I right there's no tax or mot to think about ?
JustinBedford
19 May 16#36
even better than that - you don't pay road tax on lease cars the leasing company pay the road tax.
karlie88
19 May 16#35
Deal has now been corrected - looks like there was a misprice.
Now £140 on a 9+23 term with 5k miles pa plus £300 admin fee = £4800 over 2 years.
8k pa is £190 more over the term.
hcc27
19 May 16#34
This is a fantastic deal for a Yeti. Well worth taking a punt OP. I've given you some fully deserved heat.
g8spur
19 May 16#33
We can all paint an ideal scenario for motoring but leasing is perfectly legitimate and works for some, not for others. There is no right and wrong just personal preference.
anewman
19 May 16#32
This deal costs £4k all in for 2 years motoring with a brand spanking new motor. You could buy a car for £1k. You'd be spectacularly unlucky to have to pay £3k on repairs in 2 years. Plus you can do some maintenance yourself (oil change etc) and upgrade to a nicer stereo and subwoofer etc.
When you take the lease car back you'll most likely be asked to pay for that ding due to the idiot at the supermarket who slammed their door into it.
jjustyy
19 May 16#31
Thank you all for the useful information for leasing, 2nd hand etc. No arguing, no fanboyism just useful stuff. :smiley:
torbenj
19 May 16#30
Good deal if it is true, website currently showing a crazy £600 per month on 5K miles = 18.6K, 1,000 more than buying it outright over the same period
benjus
19 May 16#29
Lease deals include road tax, don't they? Maybe not a massive impact on the overall cost, but worth taking into account.
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!
damcnaught
19 May 16#27
This isn't necessarily the case.
I've recently started a lease on a C4 Picasso that'll cost me around £3150 over 18 months.
Before this, I had a Fiat 500l for 18 months that I bought for £9400 & sold for £5800, so £3,600 for 18 months, plus interest on the loan than I got to buy it.
So, It'll cost me £450 less to have a significantly higher spec, brand new car for 18 months than buying used & selling to upgrade, and it should be less hassle compared to selling privately.
If you keep a car for many years, have good luck with reliability & have a good relationship with a garage / mechanic, it should be lower cost. If you don't want the hassle or risk, leasing can be a good option.
The cost of a good lease deal is often less than the depreciation on an in-warranty car, even if bought used.
krishman
19 May 161#20
Good deal, but how do you get it for this price? When I click the link, it states a shocking price of 600 pm, and I can't seem to see this offer anywhere on the site, maybe the price has gone up?
g8spur to krishman
19 May 16#25
I think it has obviously they didnt have many
karlie88 to krishman
19 May 16#26
Bait and switch.
guitaristanime
19 May 16#24
Thank you all for your experienced feedback. Very useful and food for thought over the coming months, given that I will have the money to spend outright, it sounds like I am best to go for a used car, ignoring potential for faults on it (hindsight is a wonderful thing)
Thanks again wonderful HUKD community.
karlie88
19 May 161#23
Completely agree with your principles of leasing, but be careful when doing the calculations.
This car has a list price of £22k but can be bought for just under £17k. After paying £4.5k over 2 years and 16,000 miles on the clock, would this car be worth £12.5k? Still favours the lease, but I'd say it's marginal.
General rule of thumb for lease deals on a typical 8k miles pa:
If total cost of a 2 year lease is approx. 25% of list price = ok deal
20% = good deal
15% = very good deal
10% = exceptional deal, you'd be mad to miss it.
ollie87
19 May 16#22
My point was more than it'd 100% break the terms of the Lease Agreement, but what ever angle you want to use is fine.
fishmaster
19 May 16#21
Aye you'd get the right car in the first place. If you want to remap a Skoda Yeti then just get a BMW M135i and be done with it if you want power/speed. I know there's a lot wrong with that sentence but that's my crazy opinion :smiley:
ollie87
19 May 16#19
LOL @ Remapping a lease car.
alan mcculloch
19 May 16#12
From what I can see lease deals suit people who either dont have or dont want a big out lay for a NEW car.If you are like me, happy with a 4 or 5 year old car then there is no point in leasing.
shakerstevens to alan mcculloch
19 May 16#16
The other good thing with a lease as opposed to a 4 or 5 year old car that the 4 or 5 year old car would have no warranty (maybe 3-12 months depending on a 2nd hand car dealer) and the 4 or 5 year old car would usually be less efficient than its modern day equivalent so lower road tax and fuel costs. Plus the brand new lease car will have brand new brakes, tires etc whereas most 4/5 year old cars don't (unless you are lucky and they've just been replaced!).
Dr Zoidberg to alan mcculloch
19 May 16#17
Yes, exactly
It doesn't really matter now, but the 110bhp version of the 2.0 TDI remaps to about 170bhp for a few hundred quid.
Chalked
19 May 161#15
... And it's a Diesel. :laughing:
Dr Zoidberg
19 May 162#13
And not just a lease deal, but a SKODA lease deal.
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
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
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 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.
Oneday77
19 May 161#5
Oh I don't know a Fiat 500 and a Maybach may be greater polar opposites of each other.
dothedealnow
19 May 16#2
Great deal for a great car.
Bossworld
19 May 166#1
Lease deal and your first deal post all in one? Good luck :smiley:
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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
Latest comments (38)
I ordered my car from them about 18 months ago and their level of incompetence and indifference was staggering. Everything was fine up to the point where I placed the order but after that it was one problem after the other. They often didn't respond to emails and when I phoned I was given contradictory information.
Having leased cars every 2 years for the past 12 years they are without doubt the worst company I have dealt with and would not recommend them. That said, others may not be as unfortunate, but you have been warned.
I'm new to leasing, and like others just doing some research into whether it's worth selling my wife's car privately and going down the lease route....am I right there's no tax or mot to think about ?
Now £140 on a 9+23 term with 5k miles pa plus £300 admin fee = £4800 over 2 years.
8k pa is £190 more over the term.
When you take the lease car back you'll most likely be asked to pay for that ding due to the idiot at the supermarket who slammed their door into it.
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 recently started a lease on a C4 Picasso that'll cost me around £3150 over 18 months.
Before this, I had a Fiat 500l for 18 months that I bought for £9400 & sold for £5800, so £3,600 for 18 months, plus interest on the loan than I got to buy it.
So, It'll cost me £450 less to have a significantly higher spec, brand new car for 18 months than buying used & selling to upgrade, and it should be less hassle compared to selling privately.
If you keep a car for many years, have good luck with reliability & have a good relationship with a garage / mechanic, it should be lower cost. If you don't want the hassle or risk, leasing can be a good option.
The cost of a good lease deal is often less than the depreciation on an in-warranty car, even if bought used.
Thanks again wonderful HUKD community.
This car has a list price of £22k but can be bought for just under £17k. After paying £4.5k over 2 years and 16,000 miles on the clock, would this car be worth £12.5k? Still favours the lease, but I'd say it's marginal.
General rule of thumb for lease deals on a typical 8k miles pa:
If total cost of a 2 year lease is approx. 25% of list price = ok deal
20% = good deal
15% = very good deal
10% = exceptional deal, you'd be mad to miss it.
It doesn't really matter now, but the 110bhp version of the 2.0 TDI remaps to about 170bhp for a few hundred quid.
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
Good fuel economy as well. Lots of space and well equipped.
I think you like racing in your little GTi.
(Heat added).