Lease a Freelander 2

mercman_3

Hi guys n gals,

Thanks for all the posts....

What is the difference between a lease and a pcp...isnt it the same thing with a different name?

Cheers

Pete

p.s What would everybody suggest then to go for if not a freelander

RAV4
Mercedes ML
Honda CR-V
Audi A6 quattro
X Type Jag

Basically am after a 4 wheel drive car for wife to take 17mth old to/from Nursery...before the Chelsea set start.....her nursery is down a 5 mile single track lane

DavidHM

Subaru Legacy Estate?

Tough, reliable, 4WD, good to drive, posh and cheap.

£13,000 for a one-year-old here

peterg1965

Lease = the car doesnt belong to you it belongs to the lease company. Leasing is probably a good thing to do if you are self employed.
PCP= Personal Contract Purchase the car is yours but the loan is still secured on it. All yu are doing here is defering the payment of a portion of the loan (which becomes the Guaranteed Future value). By doing this the monthly payment are less than a traditional loan/HP. It is OK is you are happy with changing cars every 2/3/4 years and dont mind paying for the privelege. There are plenty of websites that have online calculators. Some like LEX dont necessarily need a big deposit, it vould be zero but others will want at least a 10% deposit. try https://www.drivethedeal.com https://www.uknewcars.com

What is your montly budget and do you have a deposit?

mercman_3

I can easily put £5k down as a deposit, then would look for around £250 - £300 per mth

Cheers

Pete

DavidHM

The problem is that if you put down £5k as a deposit and then want to replace the car, where does the next £5k deposit come from?

Buying a car over three years would get you a budget of £13k - £15k in cash with your deposit.

mercman_3

Have decided that am not going to buy new again, but would happily take a demo on either a lease or pcp....

is this possible?

Regards

Pete

DavidHM

It's possible but it narrows your options... not all dealers and especially indpendent lease comapnies will do "used" cars on PCPs or leases; manufacturer schemes with "low" (8% APR) rates as opposed to 15% APR| may only be available on new cars.

I don't think you can rule out new and then say you want to get a lease or a PCP because you could end up paying more for the privilege of driving an older car of the same model.

peterg1965

Actually you can get a PCP on a used car from most dealers. I personally have had two PCP in the past on used cars (up to a year old). On your budget MercMan you will probably not get a new (or nearly new) ML or A6 Quattro. You might get an old shape CRV which would be quite good value or even a new CRV. Look at https://www.broker4cars.co.uk New CRV 2.0i VTEC ES £5K deposit 10,000 miles per year over 3 years = £233 per month @ 8.5% APR.

JennyW_2

mercman wrote:

Not sure if this is the right forum, but if not would the mods please move it across

Anyway. We have just sold our Mercedes B Class and have a wedge of cash to look for another car

We are unsure as to if to purchase something like a year old freelander or if not to go and lease a new freelander and drip the cash we have in our bank to pay the monthly installments?

Where is the cheapest, most reliable place to lease such a vehicle?

Regards

Pete

Cant comment on the leasing but wanted to say that we have the Freelander 2 and it's beautiful so you wont go wrong if you get one. I've had 3 of the old style freelanders in the past (and never had a problem) but the new one is such an improvement. As Pianeet said, it's a baby Range Rover

Ling_Valentine

mjr600 wrote: »

Can't say I'm a fan of leasing but having watched Dragons Den a couple of weeks ago I ended up at the below website.

It is a rather slapdash affair but there has been substantial positive feedback and there are one or two cheap deals.

www.lingscars.com

Slapdash????????????

Aaaaagh.

Years of hand-crafted love have gone into my website!!! But I forgive you MJR600 as you gave me a link, thanks

Ling