So not for everyone but has to be the cheapest I have seen this type of car for. 2 Year Contract Hire / Lease with 6k pa on a Volvo XC60 T5 245 SE Nav Auto with Leather for only £179.42 a month with £1614.82 and £180 upfront with Horizon Vehicle Leasing
Top comments
donslibi to KareemSaid
16 Jan 1710#6
May be they try to live by: if it appreciates buy it, if it depreciates rent it.
Fogg1969 to KareemSaid
18 Jan 176#45
What's the matter with you? I've not been lookign at HUKD too closely but you turn up in every single contract hire motoring deal and make the same comments.
It's not for you, we get it. You'd rather pootle about in your Vauxhall Viva, bolt things back on as they fall off, and save yourself a few quid. That's your perogative, good for you.
Why the persistence? You're a bitter used car dealer with a forecourt full of old bangers, aren't you? Its the only plausible explanation.
bract1939
17 Jan 174#23
Hadn't been aware of the benefits of personal leasing until deals were posted with associated comments. The thing that doesn't get mentioned much but which would be a major deciding factor for me is making good any 'unacceptable' damage, which under normal trade in circumstances wouldn't be an issue. A £1K smart repair bill to sort out a few unavoidable parking dings would soon increase your effective monthly costs.
When it comes down to it there is no truly 'cheap' way to own a sensible, modern family car. Just some deals that are better than others for those shopping around.
boostii
17 Jan 173#21
There is no right or wrong, some cars are better to lease, some cars are better to buy, our personal circumstances might make one or another more preferable for us.
What I rather uneloquently called "horse muck" is unnecessary worrying about the cost of tyres, mot or repairs on a 2 year old vehicle when they don't matter. It is really a case of weighing up depreciation vs lease costs. In this example I think the depreciation costs are unfairly inflated because this car can easily be bought new for a lot less than the price state in the deal (nearer £27900, than the list £35000)
If you don't want anyone to pass reasoned opinion or comment on your stuff, don't post it on a public forum. In some ways if nobody ever said anything about anything on here, that would actually be the end of the site also, plenty of deals get hot because of the banter as well as the pounds and pence.
well someone has updated the total cost but it should be £5,921.44
z_dane
16 Jan 17#3
Vote hot for the xc60 :laughing:
Pac0812
16 Jan 17#4
Voted hot I have been looking for xc60 but need at least 10000 miles
KareemSaid
16 Jan 173#5
I do 4K per annum and I try and avoid driving as much as possible.
Can't imagine people buying this would do less than 6K a year.
TBH I never really understand why people pay quite so much to hire a car when you can almost always buy and own a car for more or less the same price.
I now understand why there are so many new cars on the road. Used to think they were mainly reps but it's balanced out with people keeping up with the Jones's and just have to have a new (hired) car LOL
donslibi to KareemSaid
16 Jan 1710#6
May be they try to live by: if it appreciates buy it, if it depreciates rent it.
stave84 to KareemSaid
16 Jan 172#13
Moderate depreciation on this vehicle. Once you take into account interest (or loss of investment earnings) to buy the vehicle, and then depreciation, it will cost a whole lot more than £6k over 2 years.
Even if you get it delivered for £30k, you'd have to sell it for £24.5k even break even on the lease (assuming lost interest at 2% on 30k - if you finance it, you'd have to sell for 26k to cover interest). Good luck. I believe 2yr value on this is nearer £18k.... and that's without a new model being released, which is it. At least £2500 per year better off leasing this.
The decision to lease is car specific. If cost to buy minus value at the end is more than cost to lease x term them you lease. If cheaper to buy & sell, you do that. A simple "Lease is bad" is just plain stupid.
youngrobbo to KareemSaid
17 Jan 17#27
Used to feel the same until I started leasing, wouldn't go back to owning a car now. It really is hassle free motoring.
mcormack to KareemSaid
17 Jan 17#29
Have you ever hired a mobile smartphone??
huddsguy to KareemSaid
18 Jan 17#41
Because people like cars and can afford to do this doesn't make it wrong. 2 years no worries driving and having a great safe car to do it in! That's the reason mate
Fogg1969 to KareemSaid
18 Jan 176#45
What's the matter with you? I've not been lookign at HUKD too closely but you turn up in every single contract hire motoring deal and make the same comments.
It's not for you, we get it. You'd rather pootle about in your Vauxhall Viva, bolt things back on as they fall off, and save yourself a few quid. That's your perogative, good for you.
Why the persistence? You're a bitter used car dealer with a forecourt full of old bangers, aren't you? Its the only plausible explanation.
MrShed
16 Jan 171#7
Pricey compared to the other xc60 deals on here recently I'm afraid at this mileage.
alu355
16 Jan 171#8
Reason people lease is for less hassle. On an older car you need to worry about MOTs, repairs, tyres etc.
When you add it all up there's not much between leasing a new car and getting an old one, in fact leasing a new one is often cheaper, especially if you value your time
cigbunt to alu355
16 Jan 17#9
not to mention sell it when you want a new one..
boostii
16 Jan 17#10
What horse muck, you will not need not need to pay for mot (no statutory requirement), repairs (covered by warranty), or tyres (they don't wear that quick) for at least the first 3 years and this is only a 2 year deal.
PlanetP to boostii
16 Jan 17#12
...and how much do you think the car would have depreciated in its first two years? I think that is the important comparative that people who prefer to lease would be considering...
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Opening post
Top comments
It's not for you, we get it. You'd rather pootle about in your Vauxhall Viva, bolt things back on as they fall off, and save yourself a few quid. That's your perogative, good for you.
Why the persistence? You're a bitter used car dealer with a forecourt full of old bangers, aren't you? Its the only plausible explanation.
When it comes down to it there is no truly 'cheap' way to own a sensible, modern family car. Just some deals that are better than others for those shopping around.
There is no right or wrong, some cars are better to lease, some cars are better to buy, our personal circumstances might make one or another more preferable for us.
What I rather uneloquently called "horse muck" is unnecessary worrying about the cost of tyres, mot or repairs on a 2 year old vehicle when they don't matter. It is really a case of weighing up depreciation vs lease costs. In this example I think the depreciation costs are unfairly inflated because this car can easily be bought new for a lot less than the price state in the deal (nearer £27900, than the list £35000)
If you don't want anyone to pass reasoned opinion or comment on your stuff, don't post it on a public forum. In some ways if nobody ever said anything about anything on here, that would actually be the end of the site also, plenty of deals get hot because of the banter as well as the pounds and pence.
All comments (68)
Can't imagine people buying this would do less than 6K a year.
TBH I never really understand why people pay quite so much to hire a car when you can almost always buy and own a car for more or less the same price.
I now understand why there are so many new cars on the road. Used to think they were mainly reps but it's balanced out with people keeping up with the Jones's and just have to have a new (hired) car LOL
Even if you get it delivered for £30k, you'd have to sell it for £24.5k even break even on the lease (assuming lost interest at 2% on 30k - if you finance it, you'd have to sell for 26k to cover interest). Good luck. I believe 2yr value on this is nearer £18k.... and that's without a new model being released, which is it. At least £2500 per year better off leasing this.
The decision to lease is car specific. If cost to buy minus value at the end is more than cost to lease x term them you lease. If cheaper to buy & sell, you do that. A simple "Lease is bad" is just plain stupid.
It's not for you, we get it. You'd rather pootle about in your Vauxhall Viva, bolt things back on as they fall off, and save yourself a few quid. That's your perogative, good for you.
Why the persistence? You're a bitter used car dealer with a forecourt full of old bangers, aren't you? Its the only plausible explanation.
When you add it all up there's not much between leasing a new car and getting an old one, in fact leasing a new one is often cheaper, especially if you value your time