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Unabomber

Car Leasing

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Posted

Over 3 years thats nothing.

There will usually be a couple of unexpected issues. Some bastard denting your car in a multi storey and fvcking off without leaving details for instance. Or when your 3 year old climbs into the front using the indicator as a swing bar and wrenches it clean off. Or finally when you let your wife drive it.

Lease it. Any problem, give it back and get a replacement whilst its being fixed, then carry on as normal.

Like I said though, always do it as a business lease. Prices are so much better.

I usually budget £45 for an MOT each year and £250 for tyres (based on changing all 4 tyres every 2 years or so) on a 3 year old car (usually need a service every 18 months or so and this is often pre-paid when buying the car), if you are paying out £1,333/year in maintenance you really have some problems.

Posted

Or finally when you let your wife drive it.

lol. Ive never leased a car but can see the pro in always having a newer car. That said i bought both my hondas 2 to 4 years old at bargain prices with low mileage and take good care of them. Cars are a bad purchase no matter how you try to spin it. Do what makes best sense for your wallet and your needs.

Posted

I usually budget £45 for an MOT each year and £250 for tyres (based on changing all 4 tyres every 2 years or so) on a 3 year old car (usually need a service every 18 months or so and this is often pre-paid when buying the car), if you are paying out £1,333/year in maintenance you really have some problems.

 

Add to the cost of price devaluation of a car after owning it for 2-3 years. You might lose a few grand a year just because older cars aren't worth as much as newer cars. 

 

I'm not pro lease or anything though. They can work out cheaper for some cars I believe. 

Posted

Much depends on how long you intend to keep it.

 

We always keep ours over 5 years and so it pays to own especially if it's a moderately priced car. If you like to go upmarket and change every 3 years then leasing is the way to go.

 

Most cars are warranted for 3 years or 60000 miles and many include services, I was able to purchase an extended warranty for mine which was transferable.

 

If you do decide to lease and your family owns a business, have the business lease it. They will be able to deduct the leasing costs saving them the tax at whatever rate, say 20% which they could give back at the end of the tax period.

Posted

I'm going to get a bmw 3 series 320d or a 1 series 120d m sport.

What's the general consensus on bmws?

Nice cars just be careful if it snows.

Posted

I'm going to get a bmw 3 series 320d or a 1 series 120d m sport.

What's the general consensus on bmws?

Absolutely terrible whenever we have ice or snow.

I've had both a 1 series & an Audi A3 and I much preferred the Audi. BMW's unless you get the M sport don't have as much things inside as standard.

I'm getting a new golf gti in the next few months 296bhp, 0-60mph in 4.8 seconds, I'll probably end up killing myself but it will be fun.

Posted

I used to put a couple of bags of cement in my boot when I had mine.

Worst car I ever had in the snow was an MG TF, it tried swapping ends constantly.

 

The other main problem with BMWs is that almost everything is an added extra, base models have hardly any kit and the price of extras will push up the cost of the car.

Posted

Try pcp works out cheaper than contract hire and leasing, best way is hp barring cash it's the cheapest, and wait till end of sept as the new reg will bring in loads of p/x , if buying new buy at the end of the 3rd month ie March June sept or December.

Posted

Worst car I ever had in the snow was an MG TF, it tried swapping ends constantly.

The other main problem with BMWs is that almost everything is an added extra, base models have hardly any kit and the price of extras will push up the cost of the car.

My sister got a brand new 1 series in March and like you said it's hardly got anything as standard inside. The sun visor when you pull that down hasn't got a light, no arm rest between the driver & passenger seat. I'm not sure whether she had to pay for the idrive as an extra or it came as standard in the newer models. I had the old shape and I had to pay for it.

Posted

I'm going to get a bmw 3 series 320d or a 1 series 120d m sport.

What's the general consensus on bmws?

I got a 220d through a leasing scheme at work and it's absolutely fantastic. Admittedly changing from a 15 year old Astra it was always going to be an improvement.

Whilst it's always going to be more expensive overall then purchasing outright I find it has some benefits. The scheme I'm on includes insurance, tax, servicing tyres the lot. All I need is diesel so I know exactly how much my car is costing me for three years. This is with Lex autolease who were lloyds Latchford I think.

As for any of the BMWs the x20d model of any series has the best engine for the price so I'd suggest that. x25 is just an engine tune and the x30 is a twin turbo. The x35 has a bigger engine but is eye-wateringly expensive.

Yes overall it costs a bit more but I find leasing the most sensible way as I never need to worry about the engine falling out or anything.

Posted

Everybody will be convinced you're really successful if you drive a bmw. Put a personalised number plate on it and even better, people will be in awe. Tailgating old ladies in it would be the final step towards making sure everyone respects and looks up to you.

Posted

Absolutely terrible whenever we have ice or snow.

I've had both a 1 series & an Audi A3 and I much preferred the Audi. BMW's unless you get the M sport don't have as much things inside as standard.

I'm getting a new golf gti in the next few months 296bhp, 0-60mph in 4.8 seconds, I'll probably end up killing myself but it will be fun.

Race ya lol

On a serious note. Not sure why anyone would take a bmw over an audi nowdays in terms of standard kit/value for money. The only bm that would tempt me is the m3 but then I don't have 50k to waste on a car so that won't be happening any time soon.

Posted

I've been leading cars for a few years now. Love it and have zero desire to own a depreciating asset these days. If you're going to the dealership you'll find they have a very rigid way of working out the price.

I've used nationwidevehiclecontracts.co.uk for 3 cars now and they are brilliant. Priced very competitively and a huge selection. They have deals on all the time, often driven by the manufacturer desperate to get some of their new model on the second hand market in 2 years. Currently drive a Peugeot 2008 mini SUV, it's only £180 a month.

The biggest problem is that it's easy to become a kid in a sweet shop - oh just another £20 a month and I can afford a jag etc. I very nearly went for a Porche this time at £600 a month and then realised what an idiotic move it would be lol.

I like it as

- predictable monthly cost

- play your cards right and it's not any more expensive than owning

- get to drive a new car every 2-3 years

- no issues around repairs, MOT, tax it's all taken care of for you.

Posted

When I got my first BMW, I played that Beenie Man track on repeat full blast with the windows down on the way home.

It was February and fvcking freezing but ZIM ZIMMA!!!

Posted

Everybody will be convinced you're really successful if you drive a bmw. Put a personalised number plate on it and even better, people will be in awe. Tailgating old ladies in it would be the final step towards making sure everyone respects and looks up to you.

Good use of sarcasm frank, very witty.
Posted

I'm going to get a bmw 3 series 320d or a 1 series 120d m sport.

What's the general consensus on bmws?

If you're going to buy a used one always get a msport or higher model, you'll get a lot of extras that you wish you'd had if you'd bought for a lower spec and you wont pay much more.

     The 320d is a great car, handles well, is comfortable, mega torquey engine for its size and the economy is amazing, ive had both a saloon and a convertible and i would get 40mpg no problem. Don't buy one with run flats because they'll do your head in. Noisy as anything and they tend to track the road which is a bit annoying. Also make sure there is a usb socket in the arm rest, which means pro audio and not business, you'll be able to play music straight of a flash drive. Another thing to check is the back seats fold down, which means it has the comfort pack on and you'll get folding mirrors and auto wipers.

    I've just bought a new m135i and its an insanely quick car, but if economies you're goal, don't go near one. They reckon you can get mid 30s but 23mpg is about the most i've seen. The boot may look small, but it's big enough to get 2 labs in and that's all i was bothered about.        

Posted

I got a new a3 stronic on lease a couple of weeks ago through alphabet

Costs me 250 a month and i have to get my own insurance, they cover everything else

Goes like shit of a hot shovel too

Be Prepared to wait a few months for it though..

Posted

Love my 120D M Sport. Estoril blue - best colour. Personally I bought a set of winter tyres last winter and I had no issues whstsoever. Was shooting past other makes of cars stuck on hills. I will be going back to a 3 series next time for a change but the 1 series is great fun to drive. Really sticks to the road. The power in sport mode is brilliant lol

Edit - I'm currently averaging 43mpg. But I drive it hard. Sure you could get it alot better if you drove economically lol

Posted

Leasing is:

A) A good way to get into a new, premium car for a relatively low monthly payment.

B) Not good if you might change your mind or your circumstances change, as it's very difficult / expensive to terminate early.

That is all you need to know.

Posted

A3 is okay but having owned a few of this sort of car including the very sporty variants, it's just not a fun car to drive. Very sterile. Never missed a beat though apart from a really bizarre lights issue which was never resolved. depends what you want really?

Leasing itself is fine.

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