can you lease old (aka not new and cheaper) cars?

happenstance

Been offered a new job and just doing my sums.

Impractical to get there by public transport to car is my only option.

Will be doing 60 miles a day and don't want to buy a car as had too much trouble with them in the past.

Can anyone suggest somewhere where I can lease a car that is cheap? Don't care at all with the car as long as it is reasonably efficient and I don't have to matain it.

Thanks

harrys_dad

That is a difficult one. 60 miles a day is 15000 miles a year just for work. First thought would be something economical on fuel, maybe an older diesel.

Not sure about "leasing" an older car though. The reason you want to lease rather than buy is clearly the possible maintenance costs. Any lease option would include these costs anyway.

Best solution might be buying an older cheaper car, and setting aside money for repairs/maintenance.

AdrianC

Leasing doesn't mean you somehow magically get an utterly reliable car. You get exactly the same car, just paid for in a different way.

Just because a car's leased doesn't mean you don't have to maintain it - quite the opposite, if you don't maintain a lease car you'll find yourself being hit with large charges at the end of the lease. Any and every car has to be maintained. Nor does leasing mean you automatically don't have to pay for that maintenance... Some leases include the cost of routine scheduled maintenance in the monthly lease amount. Obviously, on an older car, any monthly maintenance element of a lease would be higher than for a new car. Either way, the maintenance comes out of your pocket, whether obviously or transparently.

Non-routine maintenance and repairs would be covered under the warranty of a new car, whilst on a used car the warranty cover is a lot more restricted. You should easily be able to lease or otherwise finance an "approved used" car from a dealer, and many used car traders will offer finance packages on their stock.

Look at mileage limits on leases, too - 60 miles per working day is getting on for double the annual mileage limit on a lot of "headline" lease prices, even before you include any non-commuting use.

londonTiger

voice o reason there.