Leasing new car vs buying used ?

FreddieFrugal

WellKnownSid wrote: »

Point of order - looking for a random car on a lease site in AUGUST is a poor example. An Octavia estate can be had for under £200 a month, and I've seen plenty of Insignias and equivalent nearer the £150 mark this year. £300 per month is E-class estate territory - few would lease a Honda at that price when you could have your pick of BMs, Audis and Mercs. Picking a high priced example to prove your point is cheating a little, and there are a lot of 'ifs' in your argument about servicing and maintenance.

It proves the point that IF someone was thinking about the lease route, they should not go looking for a particular car but instead a low monthly offer on the right body style (hatchback, estate, etc). That lease offer may not be around this month because (duh!) September is just around the corner, watch what happens in October when a manufacturer misses their target...

I would also add you should pick your lease period and mileage to suit you (e.g. always work it so you hand back before an MoT is due, I've not replaced a tyre or paid out for major service in over four years / 70,000 miles). Motoring when you start with a new car is very predictable if you do your research - service intervals on modern cars are "too long" for a reason, do what any fleet manager would do - let this work in your favour.

Well soooooooooooorry, but that was the cheapest one available when I looked.

It's all well and good saying look for cheapest offer, not specific car. But what if you actually want to buy a specific car...say a good one that fits all your requirements, not a cruddy one just because that's what you can afford as a special offer lease.

I've never chosen a car purely on price, I've chosen the one that fits my needs and is the best you can get for the money (bang for buck) usually based on many, many hours of reading and watching car reviews, owner reviews, forums about reliability etc. then my own test drives. I haven traded in at 3 years because I can't find another better or comparable car to mine in size, ride, handling, practicality and reliability without spending considerably more or compromising. So I'm waiting to see what comes up in the next few years.

The £200 a month you quoted for Octavia is still way more than he's paid for his Accord so far.

He's paid £101 p/month on his Accord. Please find a deal that would get you a similar large estate car (mondeo, superb, avensis etc) for less than £101 p/month (including any upfront payment!) for personal, not business and at least 10K mileage per year, and I shall concede to you sir!

WellKnownSid

IanRi wrote: »

It's all well and good saying look for cheapest offer, not specific car. But what if you actually want to buy a specific car...say a good one that fits all your requirements, not a cruddy one just because that's what you can afford as a special offer lease.

This is a money saving site. I'm pointing out that for the price you quoted for a Honda you could be driving a high spec E class. Or spending much less on another brand new car, not a cruddy one. The point is not all lease deals are cheap - and it's rarely worth adding maintenance if you plan it that you only ever get the oil changed half way through the lease.

IanRi wrote: »

Besides as I just said, he's not looking to replace his car right now, it's his wife. Assuming he's got the big estate, she's surely wanting a supermini or city car which can be had very cheaply used.

Another point of order - in my case I lease the small hatchback. My wife drives an 8 seat Landcruiser. Always dangerous to assume...

FreddieFrugal

WellKnownSid wrote: »

Another point of order - in my case I lease the small hatchback. My wife drives an 8 seat Landcruiser. Always dangerous to assume...

that wasn't an assumption based on gender! He does drive an Accord! Generally speaking (depending on occupation) you don't need two large estate cars at the same time. As I said depending on occupation. It's more usual for one person to have a larger car, be it estate or mpv for longer trips, while the other has a smaller car more suitable for town.

So it's reasonable to assume that the new car will be a smaller one.

There's nothing dangerous about that.

FreddieFrugal

WellKnownSid wrote: »

This is a money saving site.

You're not comparing the same things I am. You're comparing leasing one new car with another leased new car.

I'm comparing a leased new Accord with a three year old used Accord which was a valid comparison of equivalent cost for THAT car.

I used that car because it's what the OP suggested in his post, I used it to make a comparison relevant for him.

The reason I made that comparison is because the thread title is - Leasing new car vs buying used.

You haven't yet responded to my challenge which was to find a large estate car (Mondeo, Superb etc) leased new for less than £101 per month (which by the way is £11K/9years/12months)

As you suggest that may involve waiting a few months to see what deals come up.

P.s I really don't see why me spending a not insignificant amount of time finding information and doing calculations on behalf of the OP should get this unnecessary and pretentious 'point of order' response from you.

If the OP wanted to say the car and trim he wanted OR the amount he had to spend either in cash or monthly, then I would have researched it for him and suggested options.

One because I'm interested in car buying and cars in general.
Two, because I like helping people.

So stop with your stupid 'point of order' nonsense, it's not necessary nor deserved.

WellKnownSid

IanRi wrote: »

You haven't yet responded to my challenge which was to find a large estate car (Mondeo, Superb etc) leased new for less than £101 per month (which by the way is £11K/9years/12months)

I didn't realise it was a challenge - I was just pointing out the flaws in your argument. Buying a car which will be > 10 years old when you sell it is a very different proposition to replacing it every 18-24 months, and not one which is completely guaranteed to save you money.
Having bought nearly new before, I know there is a major service not far away. Then I'll need four tyres. Then the following year some brakes. Another major service where more work will be found. Then it'll be time for a new cambelt. It'll be suggested that you should also replace pumps and tensioners at the same time - if you value your car. Kerching...
And then you'll have spent the last six of those nine years using at least 5mpg more fuel than a new equivalent. Another £800.

motorguy

WellKnownSid wrote: »

I didn't realise it was a challenge - I was just pointing out the flaws in your argument. Buying a car which will be > 10 years old when you sell it is a very different proposition to replacing it every 18-24 months, and not one which is completely guaranteed to save you money.
Having bought nearly new before, I know there is a major service not far away. Then I'll need four tyres. Then the following year some brakes. Another major service where more work will be found. Then it'll be time for a new cambelt. It'll be suggested that you should also replace pumps and tensioners at the same time - if you value your car. Kerching...
And then you'll have spent the last six of those nine years using at least 5mpg more fuel than a new equivalent. Another £800.

+1

Totally agree with that.

My ten year old Jag 2.2D = 37MPG. My BIL's brand new XF 2.2D = 50+MPG

swayzak

IanRi wrote: »

You're not comparing the same things I am. You're comparing leasing one new car with another leased new car.

I'm comparing a leased new Accord with a three year old used Accord which was a valid comparison of equivalent cost for THAT car.

I used that car because it's what the OP suggested in his post, I used it to make a comparison relevant for him.

The reason I made that comparison is because the thread title is - Leasing new car vs buying used.

You haven't yet responded to my challenge which was to find a large estate car (Mondeo, Superb etc) leased new for less than £101 per month (which by the way is £11K/9years/12months)

As you suggest that may involve waiting a few months to see what deals come up.

P.s I really don't see why me spending a not insignificant amount of time finding information and doing calculations on behalf of the OP should get this unnecessary and pretentious 'point of order' response from you.

If the OP wanted to say the car and trim he wanted OR the amount he had to spend either in cash or monthly, then I would have researched it for him and suggested options.

One because I'm interested in car buying and cars in general.
Two, because I like helping people.

So stop with your stupid 'point of order' nonsense, it's not necessary nor deserved.

Sorry should have been clearer.

My wife has an old Renault Megane (160k miles) which is beginning to fall apart so we gave it to a relative who desparately needs a car.

She is looking at small family cars - narrowed down to Honda Civic, Ford Focus or Hyundai i30. Test driving today.

motorguy

IanRi wrote: »

Well soooooooooooorry, but that was the cheapest one available when I looked.

It's all well and good saying look for cheapest offer, not specific car. But what if you actually want to buy a specific car...say a good one that fits all your requirements, not a cruddy one just because that's what you can afford as a special offer lease.

I've never chosen a car purely on price, I've chosen the one that fits my needs and is the best you can get for the money (bang for buck) usually based on many, many hours of reading and watching car reviews, owner reviews, forums about reliability etc. then my own test drives. I haven traded in at 3 years because I can't find another better or comparable car to mine in size, ride, handling, practicality and reliability without spending considerably more or compromising. So I'm waiting to see what comes up in the next few years.

The £200 a month you quoted for Octavia is still way more than he's paid for his Accord so far.

He's paid £101 p/month on his Accord. Please find a deal that would get you a similar large estate car (mondeo, superb, avensis etc) for less than £101 p/month (including any upfront payment!) for personal, not business and at least 10K mileage per year, and I shall concede to you sir!

Ian, remember on the other thread you got all obsessive to the point of looking a bit silly?

Well.....

FreddieFrugal

motorguy wrote: »

Ian, remember on the other thread you got all obsessive to the point of looking a bit silly?

Well.....

Well if people could stop asking about leasing for a few days I might get a chance to recover.

FreddieFrugal

swayzak wrote: »

Sorry should have been clearer.

My wife has an old Renault Megane (160k miles) which is beginning to fall apart so we gave it to a relative who desparately needs a car.

She is looking at small family cars - narrowed down to Honda Civic, Ford Focus or Hyundai i30. Test driving today.

All three of which are good cars. Are you looking at used ones in the end or decided to possibly lease one of them?