24 month lease worth it?

motorguy

Grumpy_chap said:

How does the lease deal compare to alternative forms of finance?
Have you even made an enquiry at the local dealer to see what they can offer?  If they are far away then it verifies the lease as good value.  If they pleasantly surprise you, happy days
Try Carwow also - log an enquiry this evening and you should have quotes before Monday so can still go ahead with the lease when they open if that remains an attractive deal financially.

I very much doubt a PCP deal will compete with a lease deal in cost terms (particularly over a 2 year term), BUT you do have enhanced options with a PCP such as the ability to VT and the option to buy the car at the end of the term.

motorguy

Deleted_User said:

Well I currently drive a 2014 Focus 1.6TDCI with DPF problems, fuel filter blockage problems, and water in the boot problems. So wanting shot and I fancy driving a brand new car for a change. Yes it won't be brand new no more in 24 months time if I get the option to buy but at least I'd have been the only one driving it since new. 

The water in the boot problem is an easy fix.  PM me if you want the info, though theres loads of video clips about it on youtube and how to fix it.  I had a 2013 Focus ST-2 a couple of years back with this and its a common problem.  Its a bumper off job to do but that takes about 30 minutes to get off and another 30 mins to get back on.  Tube of silicon will be your only expense.  Cures the problem, end of.

DPF problem is another thing entirely.  Those are horrid horrid engines.  Notorious for DPF, EGR and turbo problems (or all three if you're really unlucky).

Grumpy_chap

motorguy said:

Grumpy_chap said:

How does the lease deal compare to alternative forms of finance?
Have you even made an enquiry at the local dealer to see what they can offer?  If they are far away then it verifies the lease as good value.  If they pleasantly surprise you, happy days
Try Carwow also - log an enquiry this evening and you should have quotes before Monday so can still go ahead with the lease when they open if that remains an attractive deal financially.

I very much doubt a PCP deal will compete with a lease deal in cost terms (particularly over a 2 year term), BUT you do have enhanced options with a PCP such as the ability to VT and the option to buy the car at the end of the term.

I agree.  Given the OP's choices, it's quite hard to argue with the lease.  The OP should still verify that the lease is the most competitive option - you never know when you'll just get lucky with an offer from the local dealer needing a sale at any price.

motorguy

Grumpy_chap said:

motorguy said:

Grumpy_chap said:

How does the lease deal compare to alternative forms of finance?
Have you even made an enquiry at the local dealer to see what they can offer?  If they are far away then it verifies the lease as good value.  If they pleasantly surprise you, happy days
Try Carwow also - log an enquiry this evening and you should have quotes before Monday so can still go ahead with the lease when they open if that remains an attractive deal financially.

I very much doubt a PCP deal will compete with a lease deal in cost terms (particularly over a 2 year term), BUT you do have enhanced options with a PCP such as the ability to VT and the option to buy the car at the end of the term.

I agree.  Given the OP's choices, it's quite hard to argue with the lease.  The OP should still verify that the lease is the most competitive option - you never know when you'll just get lucky with an offer from the local dealer needing a sale at any price.

Yeah there is that.  The other advantage would be the dealer would take the Focus as a trade in.  A lease company wont.

Leases are usually more competitive as they cut out the middle man (the dealer) who needs maybe £2-3K gross profit to cover their enormous overheads whereas a leasing co can operate out of a business unit on an industrial estate and buy maybe 100-1000+ cars direct from the manufacturer.

BUT the dealer will likely roll it in to a 3 or 4 year deal which it sounds like the O/P doesnt really want.

AdrianC

Grumpy_chap said:
you never know when you'll just get lucky with an offer from the local dealer needing a sale at any price.

Unlikely on a new-shape 208, I'd have thought.

Grumpy_chap

The lease is likely the most appropriate way to meet the choices the OP has made.
Still worth the hour to rule out alternatives.

[Deleted User]

motorguy said:

Deleted_User said:

Well I currently drive a 2014 Focus 1.6TDCI with DPF problems, fuel filter blockage problems, and water in the boot problems. So wanting shot and I fancy driving a brand new car for a change. Yes it won't be brand new no more in 24 months time if I get the option to buy but at least I'd have been the only one driving it since new. 

The water in the boot problem is an easy fix.  PM me if you want the info, though theres loads of video clips about it on youtube and how to fix it.  I had a 2013 Focus ST-2 a couple of years back with this and its a common problem.  Its a bumper off job to do but that takes about 30 minutes to get off and another 30 mins to get back on.  Tube of silicon will be your only expense.  Cures the problem, end of.

DPF problem is another thing entirely.  Those are horrid horrid engines.  Notorious for DPF, EGR and turbo problems (or all three if you're really unlucky).

I've seen the YT videos on fixing the leak and also that the silicone cheat doesn't last long. Already "sorted" the DPF issue out twice and I think it's starting again (fans still running after a run) and not regening itself.

motorguy

Deleted_User said:

motorguy said:

Deleted_User said:

Well I currently drive a 2014 Focus 1.6TDCI with DPF problems, fuel filter blockage problems, and water in the boot problems. So wanting shot and I fancy driving a brand new car for a change. Yes it won't be brand new no more in 24 months time if I get the option to buy but at least I'd have been the only one driving it since new. 

The water in the boot problem is an easy fix.  PM me if you want the info, though theres loads of video clips about it on youtube and how to fix it.  I had a 2013 Focus ST-2 a couple of years back with this and its a common problem.  Its a bumper off job to do but that takes about 30 minutes to get off and another 30 mins to get back on.  Tube of silicon will be your only expense.  Cures the problem, end of.

DPF problem is another thing entirely.  Those are horrid horrid engines.  Notorious for DPF, EGR and turbo problems (or all three if you're really unlucky).

I've seen the YT videos on fixing the leak and also that the silicone cheat doesn't last long. Already "sorted" the DPF issue out twice and I think it's starting again (fans still running after a run) and not regening itself.

Its by no means a cheat if its done right.  Decent silicon glue is all thats required as Ford cut corners and didnt put seals on the vents therefore water gets past them.  Take the vents out, take the foam out of the recess and dry it all well, clean around the vents well and put them back in and seal them up well.  Its not like theres masses of water flushing about that can erode the silicon quickly.


Quick pics of mine.

https://i.imgur.com/5Eu4OpD.jpg

https://i.imgur.com/gygrW76.jpg

https://i.imgur.com/Js4ZPL1.jpg

Yes, the DPF issue with them is soul destroying.  When i was motor trading we stopped buying any cars with the 1.6TDI engine across Ford, Peugeot, Citroen and Volvo.   One car in particular cost us nearly £3,000 to get running right.  It can affect the turbo and EGR valve on them too.  Never again!

Flight3287462

OP sometimes you just need to scratch that new car itch and over two years that should do the job and then you can start being sensible again.  There are some slightly better deals than you have been quoted (I worked on 8k miles which might explain that)

Try here for comparisons:-  https://leasing.com/car-leasing/

If you are going to lease why not look for something that might be a bit of fun for a short agreement like this?

[Deleted User]

Thanks, still looking at deals not made my mind up on which car yet.