Car leasing

forehill37

Anybody know anything about car leasing and whether it is worth considering, instead of buying a car?

bengalknights

Depends on how long you intent to keep it what the budget etc.

vikingaero

Look on https://www.lingscars.com

She's a mad woman with a crazy website that has a few answers.

Generally speaking leasing works if you:

(1) Need a new/reliable/warrantied car for your work/lifestyle
(2) Your job/income is steady/reliable for the duration of the lease
(3) You have a work/lifestyle that fits in with the mileage allowance

forehill37

Thought about three years and under £200. I do about 10000 miles a year

captainawsome

Be very carful when leasing. I have looked into it in the past, firstly £200 is not a lot. Secondly. 10k miles is considered quite high when leasing, adding these 2 together means you won't get much of a car at all, so if it's for vanity reasons and posing, look else where, if it's for practical reasons this may not be such an issue. Next, maintenance. Some plans include servicing and wear an tear items, some don't. If they don't add onto that price a set of tyres, brakes and a few services depending on your term. Same with insurance, the one I looked into I had to insure the car, I think some plans include insurance but may be wrong. Then when you hand the car back expect to foot the bill for ANY damage/mark/scratch/curbed wheel, budget that in too. Then add up 36 (for example) monthly payments x £200 = £7200 lost over 3 years plus all the items listed above (again, if applicable). Now consider buying a 5k car, pocketing the £2200 for any repairs that may be reqd and still maintains it yourself. Chances are the cr will not need £2200 worth of repairs in the 3years if maintained well so at the end of the term your better off AND YOU OWN THE CAR.

That's my view anyway and why I chose not to do it, but as stated above it all depends on lifestyle and circumstances, obviously works for some people, just not me.