Car Lease or Purchase?

burbs_2

zincoxide wrote:

Thanks Burbs - I'm just wondering why there aren't more people doing this?

Seems like the ideal solution for moneysavers that want a new car!

Many reasons why they dont do it. Mileage restrictions, you never actually own the car unless you pay the ballon at the end if the option is there, big deposit and you are stuck with that car for the time of the lease (very difficult to get out of)

The biggest is the fact that the car isnt yours. If you just want the latest cars at a good rate for a little blast in then this is the way. You would be suprised at the amount of people leasing. If i wasnt a car dealer i would take that very route.

zincoxide

Aaah - you're a dealer?

How come Smartlease can offer a much cheaper deal than the Saab dealership themselves?

Smartlease deposit is only £895 with monthly payments of £300 inclusive of Tax every year for the 3 years.

Saab wanted a £2.5k deposit and monthly payments around £420?!

burbs_2

zincoxide wrote:

Aaah - you're a dealer?

How come Smartlease can offer a much cheaper deal than the Saab dealership themselves?

Smartlease deposit is only £895 with monthly payments of £300 inclusive of Tax every year for the 3 years.

Saab wanted a £2.5k deposit and monthly payments around £420?!

Yes a dealer, dont hold that against me though!! I deal in high performance sports.

Dealerships are more expensive on everything if we are honest and leasing usually follows the pattern. They would rather sell than lease so they try and entice you away from the lease.

Smartlease can offer a cheap price as their contacts and partners are endless, hence if you shop around you will get the price cheaper with anything in life.

Is it definatly a 3 year deal you want?

zincoxide

It's about £20 more per month for a two year deal which isn't too bad...was thinking of getting the petrol Cabriolet if they could do that for the same price but I'm still waiting on a quote.

Why do you ask?

burbs_2

I have sent you a PM

amsurfer

Toyota Avensis 2.0 D4D T3-X 5 Door £199.99 pcm + Vat

Toyota is (2 or 3 yrs) Save £100 on a Saab

Also:

Mazda 6 TS 1.8i Petrol 5 Door Hatchback


Not sure about some of the other opinions but forgive me if I'm wrong....

Own or Lease, you still drive it, you still park it on your Drive and wash it, if one way saves you money what's the difference?

People forget Cars actually Depreciate when you use them, sometimes faster than you can repay the loan..

Lease the family car and buy the Sports Classic or Camper Van for the weekend.

Save Money and Have Fun... Win Win!!

Cumbrian_Male

You might find Cash or car useful.

tonys_3

One of the reasons it is cheaper is that you are only paying for the depreciation over
the 3 years plus a profit for the dealer, you are not paying the total price of the car. Where you can perhaps find extra savings on the deal is to see if other companies offer cheaper finance, and to see if you can claim the car as a business expense and not have to pay the vat. Check with the leasing company for advice as to whether there is a way to do it.

tonys_3

Because when you lease you are only charged for thr expected depreciation cost plus
a profit for the leasing company,it makes sense to lease a car that has a high residual value.Also bear in mind that you can haggle over the price of the car and shop around for the company that charges the lowest interest rates.

tonys_3

Because when you lease you are only charged for the expected depreciation cost plus
a profit for the leasing company, it makes sense to lease a car that has a high residual value. Also bear in mind that you can haggle over the price of the car and shop around for the company that charges the lowest interest rates.