Leasing…is it better than buying?

facade

One disadvantage of leasing, when you are getting old like me, is that if for whatever reason you want to cancel the lease, you have to buy your way out, which can be 50% of the remaining lease charges.

If you are buying the car (HP or PCP), you sell it to WBAC and either fund the negative equity or pocket the positive equity.

born_again

My Niro was a demo. No problems at all over the 15K I have driven it in 2 1/2 years
Mine is a self charging  Niro hybrid.
54 MPG out of a 1.6 petrol engine... Hybrid all the way.
PHEV, yep, would love one, as most of my journeys are sub 30 miles. But in that case a EV would be better, subject to purchase cost.
Especially as these (Kia Sportage & Hyundai Tuscon PHEV's) are into the extra VED range. 

Grumpy_chap

GoldenOldy said:
I think on reflection its going to be a purchase. 

1. Do you trust cars that are demonstration cars,
2. Are these no plug hybrids ok, or do you think i would be safer to go for petrol? 

I think, from what you have shared, purchase is the way I would go to in the same situation.

1. No problem at all with demonstrator / pre-reg cars.  
EXCEPT - before agreeing to a pre-reg, check what the best brand new price is (use the online brokers referenced up thread, look at Autotrader - there is a "new cars" option) for the same vehicle.  If the local dealer won't negotiate to the same sort of price, buy through the broker.  

2.  Hybrids are perfectly good vehicles from a reliability point of view - is that what you men by "OK"? 
I had a Toyota hybrid and the one thing I found is that the fuel economy was not much better than a regular petrol.  I don't think that is a fault of the hybrid or the car, but the type of mileage I was doing at the time being better suited to diesel.  From what you have said, your driving use is probably more likely to be a better match to the hybrid cycle.

The Tucson is a really great car, hope you enjoy it

GoldenOldy

Thankyou Grumpy and all for the additional information, Its been a real education in the best sense of the word. What a marvellous community.

400ixl

Our Tucson was a 3 month old pre-reg / demonstrator with around 2k miles on it when we bought it. It was several thousand pounds cheaper than the brokers could get one new. Still have it 7 years  and 70k miles later and its been very reliable.

daveyjp

Barkin said:

Grumpy_chap said:

The comment about tyres is a red herring so far as I am aware.

Agreed. Sounds like something Kwik-Fit would try to tell my mum. 

Its not a red herring, but its also not totally true that a puncture automatically means four new tyres.

4wd are sensitive to having tyres of vastly different tread depths as the modern 4wd system works on tyre rotation speeds.  If one wheel is turning faster 4wd may be engaged when it isn't needed as the car thinks it is losing traction.

If you have three tyres with 2.5mm and get a puncture it is not advised to change just one tyre with a new one with 8-9mm.  In reality with tyres so worn any sensible owner would change all four anyway.

Tread depth may also cause issues if tyres aren't swapped around and one axle pair wear much more worn than the other axle.  In the extreme this may also cause issues.  Some manufacturers advise on the maximum acceptable difference in treads on the same axle and between front and rear.  BMW used to be 2mm across axles and 3mm between front and rear,

This is usually overcome by regular rotation of tyres, the handbook will suggest how often to rotate and in what pattern.

One 4wd I've owned it was front wheels moved to the rear on the same side, rears to opposite front corner this job was undertaken as part of the annual/12000 mile service.

As usual knowing your vehicle and regular preventative maintenance can save money.

NlghtOwl

Hyundai Tucson is a great car, we’ve been happy with ours (petrol hybrid 2wd non plug in).

Having a new car costs money, either in leasing costs or depreciation if buying, you’ll have to do the sums to work out what better financially. Bear in mind there is more flexibility if buying rather than leasing.

if you are buying then worth checking with someone like Carwow for max discount. Good luck