I feel so much better after seeing all these lease deals on here. I used to scratch my head and wonder how the hell everyone is driving round in 30k cars but since discovering lease deals it all makes so much sense.

My banged up Peugeot isn't up to much sadly but I'm playing the long game and paying £300 a month into a private pension so hopefully later in life I'll get my chance to own some nice things.

Looks like you just claimed that crown! Might've been better if you had bothered to state why. :man:

​Dumbest comment of 2017 award

Only on HUKD would you come in with the intention of buying a new Golf but come away with a Dacia & higher pension contributions. :laughing:

deposit is bit high. at http://www.newvehiclediscounts.com they can drop your deposit right down. also new golf gtd 250 per month no deposit and 500 admin fee. ring to enquire as not advertised

I WANT THIS DEAL !

I feel so much better after seeing all these lease deals on here. I used to scratch my head and wonder how the hell everyone is driving round in 30k cars but since discovering lease deals it all makes so much sense.

My banged up Peugeot isn't up to much sadly but I'm playing the long game and paying £300 a month into a private pension so hopefully later in life I'll get my chance to own some nice things.

I'd be even more reluctant to listen to anyone spouting nonsense about the stockmarket who only has £35k to play with ... hey big spender ...

Exactly mate. In my early 20s I used to enjoy potching around with cars now its the opposite. I want something hassle free and safe that I can ferry the family around in. Leasing for us is an affordable way to do that. For £80 a month each we are driving around a brand new fiesta that looks the business and is completely reliable and affordable. No unexpected garage bills or MOT nightmares.

Also I do like to chop and change cars every 2-3 years.

A used car is a great buy if you find a good one and hang onto it for 10 years, but find a lemon or change your mind every 2-3 years like me you're better off leasing anyway.

This is 100% true.

Leasing is also a good option at the other end of the scale, i.e. a brand new model of car is being released and you'd like to be one of the first to own - could be just what you desire or could be that the order books open at the time you need to change car for whatever reason. It'd be a big risk buying before they show up on the forecourts for a test drive but you could consider leasing if a good deal became available.

Many people do this for relatively safe choices like the new BMW 3-series expected to be revealed this Summer. You're 90%+ sure it's going to be a cracking car but, if it turns out to be a dud, you're only stuck with it for 2 years, both under warranty, and don't need to concern yourself with the resale value of the car.

cold - 6k and it's never going to be your car

This is pretty similar to my thought process when retirement planning. By investing funds in a range of dividend yielding stocks at an average yield of 4%, and allowing myself to withdraw 1% of the capital annually as well as these dividends, I need 20 times the annual cost to sustain that expense indefinitely.

As an example, the Sky Complete bundle costs £80 a month (£960 a year) so I need £19,200 in my pension pot if I want to prioritise Sky Complete during retirement. Of course, there are deals to be had with Sky and prices will rise through the years (as will dividends) - but it makes you think harder about whether or not you can do without something and how much funds you'll need upon retirement.

Extending on from that, if you consider a retiree that has undergone the above thought process, they might have £41,158.40 in their pension pot earmarked for leasing the likes of the recent Nissan Leaf costing £4,115.84 over two years. They have worry free motoring and are always under warranty.

Weighing in on the lease debate. .. always owned cars. usually 3 to 5 years old. I like a sporty hatchback personally.

decided to go for our first lease this year. fiesta zetec s black edition 140 15k allowance, 3+35 £161 pcm + £299 admin fee

main attraction for me was the hassle factor. I look after cars so damage not an issue really. as I get into my late 20s the idea of a warranty is great.

plus it is nice driving around in a new car..ok so we don't own it. who cares. cars lose money hand over fist anyway.

You could just leave your money in your bank account after getting the lease, you'd still be better off. £27.5k vs £22k with no risk.

£27.5k > £22k

People don't understand that it isn't just the cost of buying, it is the negative impact of depreciation.

Even my old 2nd-hand Audi was depreciating at around £1k a year, add to that maintenance costs (which one year for me was £2k!) and you are soon at the point where leasing is a better option as you always have a new car.

Back to the investing element though, here's my idea...
£35k in Funding Circle, returning 6.7% after bad-debt returns £2345 a year. Chuck 25% of that back into the pot to help keep up with inflation and you can pretty much lease something forever for the initial stake.
Edit: you may have to pay tax on the income, so maybe a bit more capital would be required.

Well... a house is a necessity and not considered as a luxury as a new car is or any car come to that fact.

This is why most of the nation is in a state.. having things they shouldn't really be able to afford and forever paying for it..

Kids walking around with £800 mobile phones.. massive luxury...

People leasing cars.. I'm not saying it's wrong or right but in all seriousness if you can't afford it then the lease doesn't make it affordable as long term cost.

And in terms of your house analogy, renting is considered more expensive than the mortgage so again is vice versa to leasing cars and people believe leasing is cheaper when in all reality it isn't... your paying to rent something you can't afford..

Put it this way, you could rent a mansion in Mayfair for £10k a night but would cost you £10m to buy... can you afford £10k.. maybe.. probably not the £10m.. hence why you don't do it!!!

So to wrap up.. I disagree with your comment..

Leasing cars about to be facelifted or replaced with a new version are definitely the best deals to look out for. I got my Honda CR-V from a main dealer a few weeks before the facelift arrived in 2015 and consequently paid £45 a month less than anyone else was offering at the time for a decent mid spec car. Come replacement time I'll be looking for the same. I usually want the latest and greatest, but when seriously cheap deals can be had, I'm willing to compromise.

What a lot of people seem to miss about leasing is the fact that it's as close to fixed cost motoring you can get short of a fully maintained company car. Any issues will be covered under warranty and any damage will have to be repaired like any other car you own outright - either way you're paying to get it repaired or losing out on the resale value. After having to spend a fair bit of money on my 2 previously owned cars, I will probably lease for as long as I can

No. Because the value of a house is far higher than the value of a car, banks will make the tests much more difficult/stringent to secure a mortgage than to secure a lease for a car.

To be fair on a lot of these comments.. if you can't afford the new car then you shouldn't be able to afford the lease!

This seems expensive for a lower model. I'm sure you can get the GTD for this price or a little more.

Is it really value for money if you're spending like £6.1k over two years just to lease a car? I don't really understand where the value is when it comes to leasing.
Not picking on anyone or any OP, just wanted to ask the question.

Exactly, my last car was on pcp and had a small dent and curbed alloys, but because it was within the standard wear and tear guidlines I did not have to pay any charges what so ever. Even if you have a huge dent, they can only charge you the actual cost of repair.

It's the same as renting a house, you can't expect to get your deposit back if you have left it in poor condition..

And generally, most lease firms apply a standard wear and tear rule of allowing small areas of chipping, light scratches up to 25mm in length and dents up to 10mm, providing paint is not broken.

Your assuming someone wants to keep the same car forever! you will find some millionaires don't even own their cars outright because they only want them short term. At the end of the day, it doesn't matter if you own it outright, have it on finance or lease - you still get to drive around in a new car. So obviously the cheapest option is always going to be the best option, which in most cases in leasing.

If like me, you want to drive a new car every 2-3 years then it's a no brainer. If you want to keep it for ever then of course it makes sense to own it.

In terms of damaging a lease car, it's same stress as owning it. TBH, I would be more stressed having payed £30k cash for a car and damaging it, then worrying about being charged a fee by leasing company...

Only if it is a DSG and has the cost option added.

these lease deals, is insurance included in the price or?

Because the 7-speed dry clutch DSG is still having problems and, despite being designed as non-maintenance, it now requires a change of oil every 40,000 miles. Of course this is not applicable on a lease with such mileage, but they have been notorious for poor performance in accelerating from low speeds, like approaching/leaving a roundabout. The 6-speed wet clutch DSG is more reliable but it is in the process of being replaced by a better 7-speed wet clutch DSG across the range.

You don't really want to have the headache of going to a garage three months into a lease and wasting time.

​reason?

You do realise this is a non-formal deals website? Why do you feel the need to correct what was obviously the result of a mobile phone auto-correction? Regardless, what has financial advice got to do with spelling? Would you like some financial advice from Warren Buffet - or perhaps you'd prefer to receive such advice from the winner of the 2016 National Spelling Bee?

I have to say I'd be very reluctant to take financial advice from anyone who can't even spell the word lease (hint: there's no 't' in it).

You're most welcome. For those that may not get it yet, here's an equation:

£31,350 in the stockmarket > car worth about £22,000

Only on HUKD would you come in with the intention of buying a new Golf but come away with a Dacia & higher pension contributions. :laughing:

Those that drive new cars are usually those that understand the potential benefits of stockmarket investing as opposed to the fear of potential loses.

Personally, if I have £35,000 in my bank account earmarked for a car, my choice is:

Set aside £7,500 for a least and put the other £27,500 to work in the markets for an "expected" return of 14% over the 2 years - at the end, I've drove a new car for two years and have £31,350 in the stockmarket.

Alternatively, buy the £35,000 car outright. After 2 years, I'll have a car worth about £22,000.

Of course, there'll be plenty down years in the stockmarket where the above won't work. However, the intelligent investor doesn't look at the period of any 2 year lease in isolation. The long term expected returns may be 7% per annum. My next two year least may involve me losing 30% and the following one may involve me making 60%. If you don't understand, and embrace, such risk, then stick to you 15 year old bangers or your Dacia Dusters

There are ways and means to have both. As you say, each to their own. It's for that reason that I chose to be self-employed.

don't like manuals. any deals with dsg box?

Then you do not understand the time value of money.

Preferable to "living" now and working until you die perhaps. Horses for courses.

Got to start somewhere bro.

Given that the market for used diesels is dropping like a stone, you'd be better off leasing this particular model Golf than suffering its high depreciation (relative to petrol versions) when you came to change it in 2 or 3 years time.

Saying that buying is a better long term saving than leasing doesnt make sense - If you want to be HUKD savvy about it then look to lease end of line models on cars. You can always pick up great deals on them and by the end of the lease you wont even have paid off the depreciation.

I use my leon as an example, a £23k car roughly that after 3 years is worth £10-12k. After 3 years I will have paid 7550 on it. So I am SAVING money here by NOT owning. Its just a case of working out how much the car depreciates by over 3 years then finding a deal on it that works out cheaper than the depreciation.

You also cut out the annoying sales guys trying to rip you off when you want to change it....

​I think he was joking. Of course you don't get a brand new Golf for 6 grand. But what you do get is to drive a brand new Golf for 2 years at round about the same as said Golf would have depreciated if you'd bought it.

So is the car yours after the 2 years, or do you have to give it back?

Cheaper @ NVS
https://www.nationalvehiclesolutions.co.uk/Volkswagen-Golf-5DR-1.6-TDI-GT-Personal-Lease/47220

10k =
£141.98 inc VAT
£2400 INC VAT Initial Rental
£239.99 Inc VAT Admin Fee

The new Golf has Automation which will basically drive the car by itself upto 40mph in stop-start traffic

For a little less than this lease deal you can buy a brand new dacia sandero, yours to keep and your not limited to milage allowance, plus buy the dacia on finance and you get a 5 year warranty. http://www.hotukdeals.com/deals/new-dacia-sandero-2017-facelift-still-only-5995-otr-2577574

how to take a screenshot on a pc

Yes we can all drive around in a £1000 banger and MOT it every year and spend further money on maintenance.
I prefer to drive expensive, quality cars given the chance and leasing/PCP deals are the way to go versus horrendous depreciation on most new cars, even premium brands. Having said that I have purchased outright a BMW with a list price of £54,000 that was pre registered to a dealer for £28,000. I also have a new Nissan Leaf @£125 a month over 24 months with no deposit. The deals are available for those prepared to do some research, HUKD, Parkers, HonestJohn, Carwow, to name a few.

leasing is for poor people who want to pretend they're rich.... you dont even own the car as you have to fix evetything you break and any dents you make its ridiculous. Borrowing something you cant afford is never a good idea and those that quote 6k a year known better that there are more costs involved in leasing and the only benefit is you can show off against your neighbours or whatever....

Total cost £6,226.

Meh.

K

It's possible to do both - it's about balance - I've saved since I was 18 and still managed to have a decent life.

If it's cheaper to lease than buy then you should lease.

Depends if you will want another one in 2/3 years. If you take your 2 /3 years depreciation on a new car then compare it to the cost of the lease.

Majority of the time, you would save money by leasing

​why would you choose to lease if you can afford to buy? Leasing is renting. I know load of people who lease a car and are so stressed that anything will happen to it... it's pathetic

Looks like you just claimed that crown! Might've been better if you had bothered to state why. :man:

If you live il then... never leave today's work for tomorrow

Great thing about leasing is if you dont like the car you havent spend 35k on it and can give it back ... Cant wait to give my GTE back .... Charging a phev is a pain in the a#&e

I will always lease my cars tbh, I'm paying £218 a month for a 1.4 leon fr technology 15k miles a year which works out roughly 7.5k for three years driving a £23k car with the added extras on it. I could never afford a car this nice if I was to hire purchase it and I wouldn't buy second hand unless it was a high end bimmer

10,000 miles too,not bad