Astra/Focus..buy or lease.

gabyjane

In a real dilemma as to what to do over getting a new car! I will start with the Astra.
OPTION 1:

• ASTRA SPORT to buy it will be around the £18k mark as want the sports version, to lease it is around the £210 per month mark off the top of my head..this includes tax and MOT, breakdown and hire car all of which we pay seperately now for.
• FOCUS: Again to buy around £15k lease roughly the same as above.

BUT is buying one better? i just like the idea of having my own car again, although i don't know why as i will have paid this current one of in roughly 2 weeks and have nothing to show for really other than a devalued car! i know this goes for all cars but still..i guess just peace of mind if i was to dent it or anything!
So loan for £15kish or lease?

Thanks

anewman

Why not buy outright. You can get yourself an entire car for under £1000 http://cgi.ebay.co.uk/1999-Vauxhall-Astra-1-8-16V-Sport_W0QQitemZ180225225297QQihZ008QQcategoryZ9858QQssPageNameZWDVWQQrdZ1QQcmdZViewItem It's nice to own new etc but that would get you from A to B which is all a car need do. Why get finance on a car and pay £thousands on top of the cost price to a finance company because you can't afford to buy outright. The second hand car would cost less than the finance for a new one. You could even buy a car in the under £1k bracket, then be saving up a few years for a new one.

And as you say, the car you buy will have lost lots of it's value in 5 years time, a car in the under £1000 bracket will lose hardly any value as the price is low to start with.

zeon999

It depends on what mileage you do really to whether leasing is a good option, also how often you want to renew your car for a new one.

Normally any mid priced car doing 10,000+ mpa and you want a new car every 2-3 years then leasing is a great option. There are exceptions sometimes you can find great deals on something which is enough to sway the scales.

What you need to do to find out if your getting a good deal is get your figures down, workout payments for both options and figure out what the car will be worth roughly at the end and look at what the figures tell you is the best option.

vansboy

.without getting into the 'buy a ......' or whatever instead, on these 2 models & as above, most mainstream models, the leasing/PCP's (Personal Contract Plans), bo offer an wasy to budget for expenditure, without the hassle when you have to swap it in for a new one!!

Do read the small print regarding extra mileage charges & confirm what is & what IS NOT included in the maintainence scheme.

VB

gabyjane

Hi thanks for the replys.
Anewman the reason i want one of the above models is for years we have saved for a house and bought..we have paid loans off,etc and now i feel is a good time to get a nice car dd is older etc..i don't just want a run around tbh although that Astra posted is nice nothing like what i want..something similar to this:

http://cgi.ebay.co.uk/2006-06-Vauxhall-Astra-VXR-2-0-MANUAL-3-doors-PETROL_W0QQitemZ130202919356QQihZ003QQcategoryZ9858QQtcZphotoQQssPageNameZWDVWQQrdZ1QQcmdZViewItem

or:

http://cgi.ebay.co.uk/07-FORD-FOCUS-ST-2-5-TURBO-3DR-COLORADO-RED-3K-225BHP_W0QQitemZ320196467494QQihZ011QQcategoryZ9844QQtcZphotoQQssPageNameZWDVWQQrdZ1QQcmdZViewItem

I don't go out or have a life lol so this is my luxury!

Mileage would be 10,000 per annum will try some loans and see want it paid of asap though, the beauty of the lease was we didnt have to find cash upfront as such apart from the initial payment then that's it each month, sell ours now and have some spare cash! Ours was imaculate when we bought it, v low mileage etc and won't be worth much now that's why the lease seems good.

Thanks for the replys

zeon999

http://www.lease-hire.co.uk/further-info/cars/Vauxhall/Vauxhall+Astra+VXR+3dr+Sport+hatch+2.0T+Manual/692/16

They have a special offer on the 24 month contract at the min for the Astra VXR at Total Fleet who I normally use for leasing.

gabyjane

Thanks Zeon999, are they a good co? guess so or you wouldn't use them eah!!
That car is perfect and the colour i would ideally like..unfortunately we aren't doing it yet as getting married soon and all money going into that! Thanks for the link though will hopefully come in handy!