We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

End Car lease early

2»

Comments

  • motorguy
    motorguy Posts: 22,615 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 8 December 2016 at 2:26PM
    Thanks Paul,

    Ha, no lottery win here, though I might actually play tomorrow.

    If I was single with no kids, I'd change a car every year...lol

    I just think 3yr is too long and shorter options too expensive, so it seems.

    I'll willing to take a hit of no more than maybe £2k, subject to approval from the boss (aka the mrs). Which means I'll have to spend much more than that to get her onside.

    I might approach a Lexus dealer first and see what they put in front of me.

    Thanks
    Mark


    No probs Mark :)


    Sounds like you're going in with your eyes wide open and being objective (something I haven't always done in the past!!)
  • Hi Neil,

    I pay £250/month and put in £3k deposit, therefore I have paid so far about £8,750.

    Thanks
  • marlot
    marlot Posts: 4,972 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi Neil,

    I pay £250/month and put in £3k deposit, therefore I have paid so far about £8,750.

    Thanks
    What was the total cost of the car including the finance? You can VT when you get to 50%
  • neilmcl
    neilmcl Posts: 19,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Thanks Paul,

    Ha, no lottery win here, though I might actually play tomorrow.

    If I was single with no kids, I'd change a car every year...lol

    I just think 3yr is too long and shorter options too expensive, so it seems.

    I'll willing to take a hit of no more than maybe £2k, subject to approval from the boss (aka the mrs). Which means I'll have to spend much more than that to get her onside.

    I might approach a Lexus dealer first and see what they put in front of me.

    Thanks
    Mark
    Why don't you actually consider leasing rather than finance. If you're planning on changing regularly and prefer shorter terms then I'd suggest leasing is probably better for you.
  • neilmcl
    neilmcl Posts: 19,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    marlot wrote: »
    What was the total cost of the car including the finance? You can VT when you get to 50%
    Just to add the total amount of finance will be printed on your agreement.
  • dannyrst
    dannyrst Posts: 1,519 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    neilmcl wrote: »
    Why don't you actually consider leasing rather than finance. If you're planning on changing regularly and prefer shorter terms then I'd suggest leasing is probably better for you.

    Entirely depends. I've been quoted much cheaper PCP deals direct from a dealer than lease deals. Same the other way. Don't rule either out.
  • neilmcl
    neilmcl Posts: 19,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dannyrst wrote: »
    Entirely depends. I've been quoted much cheaper PCP deals direct from a dealer than lease deals. Same the other way. Don't rule either out.
    If you always compare specific cars but most successful leasers chase the lease deal, not the car.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.