Leasing a Car

fauves

Hi all
Could someone offer some advice on leasing a car? We are looking to buy either a Q7 or XC90 (both hybrids) and wondered if anyone had any advice on leasing rather than buying outright?
Where would you lease from? Has anyone had any experience of leasing? Or do you think it's more sensible to buy an older model more cheaply, outright?
Thanks for any help!

Captain89

https://www.contracthireandleasing.com/personal/car-leasing/audi/q7/

That website will give you a good idea of the kinda costs you can expect depending on what kinda deal you currently need.

A lot of people will rag on leasing but if you are in the market for a new car then you should 100% look into it. The basic rule of thumb for is is this:

If the cost of the lease will be less than the expected depreciation of the car during that period then leasing is the better option. This isn't an opinion. Its 100% fact as Maths don't lie.

Only you can decide if a new car or a second-hand one will be better for you. I have just recently leased a car as I was in the market for a new one and the Math checks out. GL

forgotmyname

£5000 deposit and £6000 a year to rent one? ( over 3 or 4 years)
Then hand it back with nothing to show for your money.

Hybrid's about £9000 a year + the £6k deposit.

Is that cheaper than buying one?

Penelopa.Pitstop

If you buy outright and sell later, you will lose money on depreciation. You will also to freeze cash in depreciating asset. What's really important, is total cost of ownership over certain period.

[Deleted User]

Leasing makes sense if you want a new car, are prepared to stick to the agreed mileage and appreciate you can't easily get out of a lease once you have signed the contract.

You don't own the car so can't sell it or modify it in any way without the leaseholders permission.

Leases are great if you want a new car with fixed costs for a couple of years.

Cornucopia

forgotmyname wrote: »

£5000 deposit and £6000 a year to rent one? ( over 3 or 4 years)
Then hand it back with nothing to show for your money.

Hybrid's about £9000 a year + the £6k deposit.

Is that cheaper than buying one?

Quite possibly: The Q7 Hybrid starts at £66K, and the XC90 Hybrid from £61K.

Whilst the numbers will speak for themselves, three things are true (enough):

(a) it's usually the case that the Lease cost is close to the purchase costs over the same time period, because that's what a Lease is.

(b) depreciation costs are going to be vast on £60K cars irrespective of how they are purchase. The option between buying for cash/finance, and having the car's future value unknown and unprotected, or Leasing/PCP where a premium is likely to be paid, and in return there is a guaranteed backstop on the depreciation that is known at the outset.

(c) anyone buying a £60K+ car would be well advised to at least consider a purchase method that offers a guarantee of some sort against depreciation.