Leasing a small diesel

Ultrasonic

newby1000 wrote: »

Its a low mileage newer shape model, and a diesel in Vogue spec, parkers reckon its worth £8,300. I would want to put this back into my deposit fund ideally.

Blimey! Forgive me for picturing something with rather less value. That changes things. In that financially the best plan becomes to sell the Range Rover and then decide how much to spend on a replacement. (One thing you are doing with a lease is paying for finance that you don't need.) Lots more options...

Spending a bit more on a car will likely lead to you buying one that you will keep for longer, such that the average cost per mile over the time you have the car will be lower. But if you want to maximise how much money you have in the bank in two years time then that complicates things.

You are probably better off looking to buy a petrol rather than a diesel, for two reasons:

1) Diesels generally cost more to buy, so when comparing predicted fuel costs you have to factor this price difference in.

2) A diesel is more likely to have a DMF and a turbo than a petrol car, both of which if they did fail could land you with ballpark £1000 bills. Buying a petrol car without them is therefore a safer bet. Increasingly modern petrol cars have both. (Modern diesels also have DPFs to worry about, but you'd likely be looking at models old enough not to have these.)

Do you have any requirements for your car other than to drive yourself about?

newby1000

Yes the problem I face is trying to maximise my deposit fund, whilst reducing my monthly expenditure for motoring.

Requirements- must be smart and presentable- I sometimes take clients out so a 1998 focus might not cut the mustard.

My friend's Mazda 3 diesel has just had the dreaded check DPF light come on- sounds expensive!

I suppose spending 2-3k on a pre DPF diesel or a small petrol could be the way forward.

OddballJamie

What about an older 320d or a diesel A4 about 10 years old. Smart looking and presentable.

newby1000

Would I get one for 3k?

TradePro

OddballJamie wrote: »

What about an older 320d or a diesel A4 about 10 years old. Smart looking and presentable.

And utterly troublesome, especially the A4.

I think the deal on the Ibiza is wrong, if you look at the other versions of the car, they are waaaaay more expensive. I suspect that if you called to try and order it they would either say they had made a mistake, or that it was a one-off car and you'd missed it.

I don't like VAG cars (as is rather obvious!), but if you could get that Ibiza for that figure it would be an excellent deal.

OddballJamie

Possibly you may do
http://www.parkers.co.uk/cars/for-sale/search/audi/a4/saloon-2000/usedcfs-735044532668327/
Maybe an A3
http://www.parkers.co.uk/cars/for-sale/search/audi/a3/hatchback-1996/usedcfs-656494532134548/
320d
http://www.parkers.co.uk/cars/for-sale/search/bmw/3-series/saloon-1998/usedcfs-940194532510670/

These are examples of compact exs at £3k, I haven't looked into them individually.

Imo a Honda saloon should be a better buy
http://www.parkers.co.uk/cars/for-sale/search/honda/accord/saloon-2003/usedcfs-856914532570956/

newby1000

The deal on the Ibiza is right- have played two or three different companies off one another, and can get maintenance included for £145 per month (inc. VAT). All the compact exec models listed had over 100k miles- isn't reliability going to start being an issue?

TradePro

newby1000 wrote: »

All the compact exec models listed had over 100k miles- isn't reliability going to start being an issue?

Without any shadow of doubt.

I still think that if you actually tried to order the Ibiza it wouldn't bear fruit - it just looks far too cheap...if you can get it I'd say grab it quick whilst it's available.

newby1000

It does seem cheap.... but then again one company have bought 500 of the things- so I expect there was considerable discounts involved!

After two years it still ends up being about £4,600, so not an absolute bargain.

Almost tempted to buy a petrol civic for 3k and budget for repairs.

20vt-rs

Strider590 wrote: »

I wouldn't go for a Diesel, not unless you do enough mileage.
It'd be cheaper to go for Petrol, pay less monthly and pay slightly more at the pump.

I believe there is a cut off where diesel works out better than petrol overall, a certain mileage. Not sure what it is but have a feeling it is around 12k and upwards...