buy to lease cars - the what?

londonTiger

Kept hearing buy to lease car ads on lbc a while back. I couldn;t beleive it. How do the owners make money on leasing out such a fast deprecating asset?

Also if there was such a money making opportunity on leasing cars - the lease companies will go to the banks for finance rather than turning to consumers to buy into these so called investment opps.

Are my suspicions right about this? what is your take on this?

OddballJamie

What an awful idea.

forgotmyname

You dont think that £30,000 shiny lump of metal actually costs £30,000 to make and sell do you?

The big lease companies will get them for almost half that amount.

2010 Renault Scenic £65 a week for 30 months. + £1000 deposit and £400 final payment.
£9850 for a car that's advertised on the autotrader site for under £7000.

Where is the bargain?


Big companies make money because they buy bulk or a model that's not selling well.

But for a consumer its a bad idea,

Cornucopia

What is the idea?

Any links to companies selling this?

Just because a car is a depreciating asset, it doesn't mean that money cannot be made from leasing it - tell that to the leasing companies.