For God's sake why do we get these comments on every leasing thread, why do you people never learn? Never understand, the human race is doomed I tell you and it's because people just do not understand leasing and even when you explain it, they still go yeah but I can buy a two year old car...meh meh meh. You don't understand you probably never will just drop it and do something else!
fishmaster to lookatmywadd
5 Apr 1712#17
If the repair is your fault, you need insurance, everyone needs insurance. If the repair isn't your fault the leasing company will get it repaired
What do you think leasing means? You don't own the car, you never will own the car, end of story! You don't own the car get it now?
I'll try and be helpful as well, so here goes, leasing works if you want to drive a new car, it's probably the best way to drive a new car, if you don't want to drive a new car, then don't lease one, simple! You must take out additional GAP insurance use http://www.ala.co.uk, otherwise if you have an accident you'll lose the upfront fee and you'll owe thousands to replace the car if it's written off. The first rule of leasing is get GAP insurance.
Lastly on a leasing thread NEVER NEVER NEVER NEVER NEVER (have you got this?) ask these questions >
Do I own the car when the lease end? NO NO NO NEVER ASK THIS!
I can buy a used car so what's so good about leasing? OH NOW YOU'VE ACTIVATED HULK MODE, NEVER ASK THIS NEVER DO IT! NEVER BE THIS STUPID, IF YOU ARE GET A BETTER DOCTOR AND GET IT SORTED, MAYBE TAKE A LOT OF FISH OIL OR SOMETHING, DON'T ASK THIS DAMN QUESTION!
There you go that's my guide to leasing, if you're stupid and you know it don't comment on a lease thread, if you're stupid and comment on a lease thread then I and many others will inform you of your stupidity, have a nice day and when the red bloke is lit up don't cross the road!
ollie87
5 Apr 178#20
Ignore fishmaster, he's always grumpy and rude to other users generally.
Obviously leases make sense if the costs of buying that car are less than leasing it, not sure why in this case the shorter lease costs less. This could be down to Motordepot being a big second hand dealer too, they want decent cars they can sell to people two/three/four years down the line, from a retailer standpoint it gives them two bites of the apple, three if they PCP the car to a new buyer in a few years and they decide to hand it back.
If we take 10,000 miles as your yearly mileage, rather than 8,000 (as you have to pay for that data).
After two years and 20,000 miles this car will be worth £12,425, that's a drop of £11,575. A lease for the same terms is £5,362. That's over a 50% saving over buying this car. Scorchio from me.
Rickardo
5 Apr 173#33
Is this significant to the thread? I think you are deviating from the standard, in all probability and inferring some bias, with your comment.
All comments (71)
Holdsworth
5 Apr 17#1
Seems a good price, but as someone new to leasing, why would a longer contract cost more? It seems more logical for the company to want you to keep it longer, not penalise you for it - or am I missing something?
mittromney to Holdsworth
5 Apr 17#3
Generally that is the case. Longer term = cheaper monthly.
iambigred to Holdsworth
5 Apr 171#15
Longer term = more depreciation for the leasing company = increased cost
wong_go_wild to Holdsworth
5 Apr 17#34
depreciation, residual value. it seems 2 years is the magic number. probably got something to do with typical 3 year warranty.
panrix
5 Apr 171#2
When the car is handed back, it is easier to sell on if it is younger, with warranty and with less miles.
panrix
5 Apr 17#4
I've seen a lot of deals recently where 2 years has the cheapest monthly figure.
foxtrotoscar
5 Apr 17#5
That's given me something to think about.
NorwoodDeals
5 Apr 17#6
Good deal.
lookatmywadd
5 Apr 17#7
I'm new to this leasing business. Are repairs covered under warranty provided you stay within the mileage?
Are you essentially renting the car for the period? It seems like a good deal if that is the case.
BTW, that company is based around the North and Birmingham. Anything closer to the SE?
fishmaster to lookatmywadd
5 Apr 1712#17
If the repair is your fault, you need insurance, everyone needs insurance. If the repair isn't your fault the leasing company will get it repaired
What do you think leasing means? You don't own the car, you never will own the car, end of story! You don't own the car get it now?
I'll try and be helpful as well, so here goes, leasing works if you want to drive a new car, it's probably the best way to drive a new car, if you don't want to drive a new car, then don't lease one, simple! You must take out additional GAP insurance use http://www.ala.co.uk, otherwise if you have an accident you'll lose the upfront fee and you'll owe thousands to replace the car if it's written off. The first rule of leasing is get GAP insurance.
Lastly on a leasing thread NEVER NEVER NEVER NEVER NEVER (have you got this?) ask these questions >
Do I own the car when the lease end? NO NO NO NEVER ASK THIS!
I can buy a used car so what's so good about leasing? OH NOW YOU'VE ACTIVATED HULK MODE, NEVER ASK THIS NEVER DO IT! NEVER BE THIS STUPID, IF YOU ARE GET A BETTER DOCTOR AND GET IT SORTED, MAYBE TAKE A LOT OF FISH OIL OR SOMETHING, DON'T ASK THIS DAMN QUESTION!
There you go that's my guide to leasing, if you're stupid and you know it don't comment on a lease thread, if you're stupid and comment on a lease thread then I and many others will inform you of your stupidity, have a nice day and when the red bloke is lit up don't cross the road!
iambigred to lookatmywadd
5 Apr 171#19
Location doesn't usually matter, although this deal seems to not include delivery. Most leasing companies include mainland UK delivery. I had a vehicle delivered from Southampton up to Newcastle free of charge.
lookatmywadd
5 Apr 17#8
Maybe not! You end up paying nearly 5K with nothing to show for it at the end. If you spent 5K on a car it should last you more than 2 years and you could sell it on after.
panrix
5 Apr 171#9
If that car cost £25K, do you think it would be with £20K after 2 years? No chance!
Opening post
Been watching the price for this vehicle for some time now as there has been plenty of deals recently!
Seems a great price for the business pack version
24 monthly payments: £189
Deposit: £250
Free collection, otherwise £150 delivery!
Top comments
What do you think leasing means? You don't own the car, you never will own the car, end of story! You don't own the car get it now?
I'll try and be helpful as well, so here goes, leasing works if you want to drive a new car, it's probably the best way to drive a new car, if you don't want to drive a new car, then don't lease one, simple! You must take out additional GAP insurance use http://www.ala.co.uk, otherwise if you have an accident you'll lose the upfront fee and you'll owe thousands to replace the car if it's written off. The first rule of leasing is get GAP insurance.
Lastly on a leasing thread NEVER NEVER NEVER NEVER NEVER (have you got this?) ask these questions >
Do I own the car when the lease end? NO NO NO NEVER ASK THIS!
I can buy a used car so what's so good about leasing? OH NOW YOU'VE ACTIVATED HULK MODE, NEVER ASK THIS NEVER DO IT! NEVER BE THIS STUPID, IF YOU ARE GET A BETTER DOCTOR AND GET IT SORTED, MAYBE TAKE A LOT OF FISH OIL OR SOMETHING, DON'T ASK THIS DAMN QUESTION!
There you go that's my guide to leasing, if you're stupid and you know it don't comment on a lease thread, if you're stupid and comment on a lease thread then I and many others will inform you of your stupidity, have a nice day and when the red bloke is lit up don't cross the road!
Obviously leases make sense if the costs of buying that car are less than leasing it, not sure why in this case the shorter lease costs less. This could be down to Motordepot being a big second hand dealer too, they want decent cars they can sell to people two/three/four years down the line, from a retailer standpoint it gives them two bites of the apple, three if they PCP the car to a new buyer in a few years and they decide to hand it back.
All my data is from Parkers Guide.
If we take 10,000 miles as your yearly mileage, rather than 8,000 (as you have to pay for that data).
After two years and 20,000 miles this car will be worth £12,425, that's a drop of £11,575. A lease for the same terms is £5,362. That's over a 50% saving over buying this car. Scorchio from me.
All comments (71)
Are you essentially renting the car for the period? It seems like a good deal if that is the case.
BTW, that company is based around the North and Birmingham. Anything closer to the SE?
What do you think leasing means? You don't own the car, you never will own the car, end of story! You don't own the car get it now?
I'll try and be helpful as well, so here goes, leasing works if you want to drive a new car, it's probably the best way to drive a new car, if you don't want to drive a new car, then don't lease one, simple! You must take out additional GAP insurance use http://www.ala.co.uk, otherwise if you have an accident you'll lose the upfront fee and you'll owe thousands to replace the car if it's written off. The first rule of leasing is get GAP insurance.
Lastly on a leasing thread NEVER NEVER NEVER NEVER NEVER (have you got this?) ask these questions >
Do I own the car when the lease end? NO NO NO NEVER ASK THIS!
I can buy a used car so what's so good about leasing? OH NOW YOU'VE ACTIVATED HULK MODE, NEVER ASK THIS NEVER DO IT! NEVER BE THIS STUPID, IF YOU ARE GET A BETTER DOCTOR AND GET IT SORTED, MAYBE TAKE A LOT OF FISH OIL OR SOMETHING, DON'T ASK THIS DAMN QUESTION!
There you go that's my guide to leasing, if you're stupid and you know it don't comment on a lease thread, if you're stupid and comment on a lease thread then I and many others will inform you of your stupidity, have a nice day and when the red bloke is lit up don't cross the road!