New car estimated future value in four years??

BoxerfanUK

DjangoUnchained said:

all lease deals are cons and at best an expensive way of hiring a car.... flame me.

Thanks, no flames from here, can’t say I disagree!

ontheroad1970

They aren't if you intend to do PCP on repeat, in which case you may as well find a decent leasing deal.

facade

DjangoUnchained said:

all lease deals are cons and at best an expensive way of hiring a car.... flame me.

Compared to daily hire (or the dreaded credit hire ) they aren't expensive.  

If you intend to change cars every time the warranty ends and the total lease cost is less than the depreciation, or there is some way you can gain tax advantages from a lease that you won't get with outright purchase they can be a good idea.

Leasing & PCP are not for me, I want to own my car not pay to borrow someone else's.

As I posted before, common sense tells you that the lease cost should cover the depreciation, admin fees and a huge profit for the leaser, which must be more than just the depreciation if you bought the car, but this isn't always the case.

alan_d

BoxerfanUK said:

Other factors to consider however, are that after getting rid of current car (13.5K) 

So why get rid of the current car at all? Even if it needs some work doing, it would be waaaaaaaaayyyy cheaper over 4 years than buying a new car.
At 5k miles a year, paying for taxis would probably be cheaper!!

Arunmor

DjangoUnchained said:

all lease deals are cons and at best an expensive way of hiring a car.... flame me.

Only for the stupid people who can't do any arithmetic and are fussy about what they drive.

Herzlos

Arunmor said:

DjangoUnchained said:

all lease deals are cons and at best an expensive way of hiring a car.... flame me.

Only for the stupid people who can't do any arithmetic and are fussy about what they drive.

They make sense in a lot of cases - it's a fixed cost and in warranty, and could be cheaper than purchasing the same car new, assuming you change it when the warranty expires.

The fixed costs make it great for business accounting too.

I wouldn't get one because of the lack of flexibility - the termination fee is often paying for the rest of the contract - and that I'd rather not worry about damaging it.

silverwhistle

BoxerfanUK said:

Thanks for all comments so far, good see others' perspectives.  Some figures to mull over....

Sportage 1.6T GDi 212 HEV GT-Line S Auto (2 wheel drive) in Lunar silver paint

Outright purchase (on the road): Dealer retail £41,340 discounted purchase price (Broker) £35,645

Ouch! I have an EV and am often told that they are too expensive, etc. But mine was about 10k less than what you might pay and current fuel cost is less than 2p a mile (last week less than .75 pence..).

The difference in cost is definitely closing and depending on your personal circumstances well worth a look. Off to Italy in mine at the end of the month and it's not a top of the range (in both senses!) model.