Car leasing advice

Princess_Fluffy

Hi

I am after some advice on leasing a car. I have always bought in the past but have heard that it can be cheaper in the long run to lease. Can anyone explain if this can be the case and, if so, suggest some reputable companies who would give a good deal.?

I am not looking for anything flash, just a mrs average-type car.

I would appreciate any thoughts.

Thanks

anewman

If you *really* want to save money, it is cheaper in the long run to do engage in the practice of Bangernomics http://bangernomics.tripod.com/intro.htm Just have a look in the under £1000 section in autotrader, loads of road worthy cars that go from A - B, and you can even get air con, electric windows and so on in this price range. Spend the money saved on nicer holidays and meals out that your family, friends and neighbours with the 08 reg cars won't have.

The only way to work out if it would be cheaper for you though is to work out what it would cost you leasing - this is a definite cost. Then work out the cost of buying, and the amount of depreciation it would need to make the costs for each to be the same. Then think about whether this depreciation figure is higher or lower than the amount of depreciation you think the car will have over that time. I.e. you'll have a figure to beat for when you come to try and sell the car in however many years time.

zeon999

It is worth it if you like to renew your car every 2 or 3 years, if you like to keep on to vehicles for longer it genrally aint worth doing it. If you dont mind keeping on to a vehicle for 4+ years your normally better off buying the vehicle.

It also depends on the milage you do a year if it is way under 10,000 dont bother with leasing but if it is just under 10,000 upto about 30,000 a year then again leasing tends to work out a good deal.

If your after a very small car or very expencive car then leasing does not work out well but if your after a average priced car then leasing can be a good option.

You also need to take into account that as the car is not yours you are not able to modify the car at all, which dont bother most people but if your the type of person who likes to add body kits, after market alloys and such then leasing is not a good idea.

If you have answered all these questions to yourself and still think leasing is a good idea then I would advise you contact Total Fleet Services @ http://www.lease-hire.co.uk

I have used them for years and they have been great.

swapaplease1

If you like the leasing concept you could pick up a bargain used car lease from swap-a-lease.co.uk.

Shorter term leases mean you can try before buying into it long term and theres no deposit to find!

BlueScouse

Leave well alone. The only reson people use car leasing companies is to avoid having to pay a deposit on a new car. This is a false economy, as it is any other purchasing environment, except with cars it could cost you thousands.

If you don't have the cash to buy or put a deposit on your dream car, then either buy a cheaper car or SAVE UP until you have enough.

Car Lease companies are there to make big money out of you at the start of the contract (most need a deposit), during the contract and especially at the end of the contract when they will bill you for anything and everything they can find. It's a licence for them to print money so don't be suckered into it.

Flyboy152

I think it's a bit late. if Fluffy did decide to lease, she would most likely be renewing about now anyway.

BlueScouse

Sorry, I still believe car leasing to be a rip-off, particularly when it comes to returning the vehicle. The finance company can make any charge they like at the end of the contract to "bring the vehicle up to standard". This is a licence to print money as the only point of referral is British Vehicle Rental and Leasing Association (BVRLA), a trade association which is hardly likely to take an impartial position when reviewing complaints.
Don't lease; buy a nearly new car if you want reliability, otherwise you are funding not only the depreciation but also the finance company's profit on the loan. And then you will get a bill at the end of contract to pay their bonus, I suspect.

CaptainKidd

BlueScouse wrote: »

Leave well alone. The only reson people use car leasing companies is to avoid having to pay a deposit on a new car.

You do infact have to pay a deposit with most lease cars aswell, they usually want 3 x the monthly payment upfront as a deposit.

Flyboy152

CaptainKidd wrote: »

You do infact have to pay a deposit with most lease cars aswell, they usually want 3 x the monthly payment upfront as a deposit.

The advanced rentals can be varied, usually from between one month to six months.

Kilty_2

Why would people use leasing to avoid a deposit when PCP has deposits from £1? :rotfl:

Flyboy152

Kilty wrote: »

Why would people use leasing to avoid a deposit when PCP has deposits from £1? :rotfl:

Which, when all is said and done, is a derivative of leasing.