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Need to get a car, panic!
Comments
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Of course it isn't.Leasing is just giving your cash away.
I lease one of my cars, and it means i can have a spanking new car for when i visit clients.
This way, i don't have to turn up in some grubby 3 year old Ford.0 -
Of course it isn't.
I lease one of my cars, and it means i can have a spanking new car for when i visit clients.
This way, i don't have to turn up in some grubby 3 year old Ford.
LOL, you kind of miss the point of the forum. After that "grubby" three year old Ford has been cleaned, it's still worth something.
Unlike your lease car which belongs to a bank and you end up with sweet FA
Like I said, horse for courses but I like to keep hold of my money no matter how much."We want the finest wines available to humanity, we want them here, and we want them now!"0 -
LOL, you kind of miss the point of the forum. After that "grubby" three year old Ford has been cleaned, it's still worth something.
Unlike your lease car which belongs to a bank and you end up with sweet FA
Like I said, horse for courses but I like to keep hold of my money no matter how much.
Elvis, I understand shy you do what you do with your car, and I am not saying that is wrong. However, if someone came to you and told you that with the last car you bought, instead of paying say £6k for it now, selling in three years and getting say £3k back, you could pay £100 per month for the same car and hand it back in three years. You keep the £6k in your bank, earning a little interest, but it's gonna cost you £3,600 for the thress years.
Now, the win comes when you can't get £3k for your car when you try and sell it. The market has dropped, and you can only sell it for £2k.
Now, it is the unknown bit in your calculation that makes this a bit of a game, you have no idea how much your gonna sell your car for in three years, and neither do I or anyone else. And the £6k sat in your bank, which you are free to use in an emergency AND still have a car to drive, is nice also.....
One real life example is the Range Rover Sport - Jan 2009 you could buy an 05 plate for sub £20k. The market dropped and people where losing money left right and centre. Anyone selling at this time lost 6-8K more than they were expecting on this car. This is proven by the same car being sold for £24k+ 12 months later. Which also makes the argument for buying stronger, as you could have run the car for 12 months and made money.
The point is, owning a car is a financial risk, because you can't predict how much it's gonna be worth, and leasing removes that risk. Yes you may pay a premium, but that's life.
In America Leasing is much more popular and I think it will become more popular here as well.
LIke your Sig also.0 -
Anyone tried "Time4Leasing"??
I've just put in an enquiry for a short-term lease (6 months) as that is the "guaranteed" contract that will be offered to me in my new job. The rates quoted cut in half what I would have to pay with my local car hire firm (who are the cheapest I've seen thus far!) and more so with the train ...
As a reminder, no credit history means no or expensive credit and, frankly, wouldn't want a loan until job became permanent anyway
I will let you know what they say when they revert to me.
What car and how much?0 -
The point is, owning a car is a financial risk, because you can't predict how much it's gonna be worth, and leasing removes that risk. Yes you may pay a premium, but that's life.
In America Leasing is much more popular and I think it will become more popular here as well.
LIke your Sig also.
I understand the argument but look at it like this.
The leasing company is there to make money, I would imagine they buy cheap and then charge the client say x36 or x48 monthly payments. They then sell the car at the end, maybe through auction but more likely these days, the third party like Autoquake. As they buy at discounts, the combination of the monthly payments and the final sale value will make them a tidy profit.
If you're a proper business user that makes sense to me, a car is just like any other tool. But as a private individual you basically end up with nowt. I guess I just don't see the advantage for private users unless it's new car kudos or if that person is very wealthy.
Unless you're running a business or simply must have a new car every year, I see little point in paying what is in effect, an extended rental.
As I said, just my opinion which is probably completely wrong anyway :rotfl:"We want the finest wines available to humanity, we want them here, and we want them now!"0 -
Withnail and I, of course!0
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LOL, you kind of miss the point of the forum. After that "grubby" three year old Ford has been cleaned, it's still worth something.
Unlike your lease car which belongs to a bank and you end up with sweet FA
Like I said, horse for courses but I like to keep hold of my money no matter how much.
Most people would be getting a loan for their car anyway (if its anywhere near half decent), so it would belong to the bank anyway.
Where YOU are missing the point, is that:
a). I want a prestige car, not an 'everyday' car
b). I have a new car every 1-2 years
c). I have the financial ability to lease rather than buy
d). I own 1 car already which my wife uses (Range Rover Sport), so do i NEED to buy another car??
e). I use the lease car for business for the most part0 -
What car and how much?
ST-6/104
Ford Focus 1.6i Zetec 5 Dr with Sat Nav etc
Type of Lease: Personal & Business Hire
MILES: 6,000 (more available)
LEASE TERM: 6 Months
Deposit for this Lease Deal: Refundable
Car Insurance: Must use Funders Only - Cannot use your own
This would cost £11.71 / day or £393 / month inclusive of VAT (not a firm quote, just what's mentioned on site). The cheapest hire I can do for similar model is circa £500 / month with a DCW-type insurance.
Otherwise, for long-term, it is MUCH cheaper @ £192 / month for the same car with the benefit of your own insurance with a 48 month contract. Plus, no deposit required!
1) I only have a 6 month (guaranteed) contract although could go permanent.
2) Agreeing slightly with KingElvis, I'd like to acquire a "recent" car (05 plate Focus around three grand (smelly old Ford lol)).
3) The same ol' story: no credit history as only been back in UK since June 2010 prevents me getting a loan / credit card w/o resorting to zillion percent APRs
Having said that, really want this job so I'm starting to think seriously of a Capital One / Vanquis solution ... 0 -
Doea it say how much they charge for there own insurance? It seems to me that would be where they make the money back, as £11.71 per day does not cover the cost of that car on a rental basis.0
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