Car leasing
Comments
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I've leased cars for years. It's just a long-term rental of a utility, though I know some people get ever so invested in a lump of steel and plastic with wheels. I don't do many miles, so get pretty cheap deals. Keep it serviced (though you can pay for maintenance in the lease deal), don't knock it about and you won't get clobbered on the "fair wear and tear" when you return it. Anything major is covered by manfacturer's warranty. I suppose the downside is that you have less choice about model and trim, but idgaf about that. I have found Rivervale Leasing to be very good and competitively priced - leased 3 cars through them over the last 8 years.
I wouldn't have thought it's the cheapest way to drive, but it's convenient and you get a new car.0 -
Never leased myself (apart from once where I got an extra discount from a dealer for taking out a £1k lease on the car which I repaid 3 months later). Prefer to buy, get exactly what I want and hang onto it for a while and also not worry about getting stung at the end of a contract.
Not sure what the lease rates are like but given what inflation is at present, any spare cash you have is depreciating in value right now."I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]1 -
Cheers folks. Seen a decent deal for a Nissan Qashqai (sp!!) for £162 including maintenance over two years. 5000 miles PA is more than enough for me.
Given that Mrs GTi’s uncle just died and has a perfectly serviceable car on his drive, It’s a shame I can’t just nab that and drive it around for a while!! And since Mrs GTi is the sole executor for his will, she’s going to have to be above board on everything.0 -
What's that, less than £40 a week for a new car? Hard to argue at that price.
To put the "exit charges" into perspective - as I said, I've had 3 cars over 8 years, not gone over the mileage limit - which for all the cars I've had is 12p per mile, and never been charged for any of the minor dings, scrapes or spills, even of the alloy wheels. The criteria by which they grade the car for wear and tear are freely available online, make sure you go round the car with the assessor at end of lease. Mind you - someone has driven into my current tank, which I'll have to pay to get fixed. There were bits of car and headlight "glass" all over the road one morning - minor scrape on my front bumper and wing, but I expect that will be expensive.0 -
Just use one of those mobile repair blokes, if you take it to a dealer they would just get one of those in and then charge a hefty premium on top. I'll send you a message with details of a local chap.beansnikpoh said:Mind you - someone has driven into my current tank, which I'll have to pay to get fixed. There were bits of car and headlight "glass" all over the road one morning - minor scrape on my front bumper and wing, but I expect that will be expensive.
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"Smashing", thanks V. I had thought of one of those, but hadn't used one before.0
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Don't be too conservative with your mileage allowance. A 3yr deal on 5k miles per year is not just 15k at the point you hand it back. It's assessed annually, like at service time, and billed if you run over on any single year.
When you are casting around and speccing a car, any extras cost you heavy as only the base car value is considered for its retained value. The cost of those extras is fully depreciated over the time you possess it. If there are flashy bits you want, it's worth looking at a higher spec that includes them as standard.0 -
Mobile guys just do minor repairs?veronese68 said:
Just use one of those mobile repair blokes, if you take it to a dealer they would just get one of those in and then charge a hefty premium on top. I'll send you a message with details of a local chap.beansnikpoh said:Mind you - someone has driven into my current tank, which I'll have to pay to get fixed. There were bits of car and headlight "glass" all over the road one morning - minor scrape on my front bumper and wing, but I expect that will be expensive.
Pinno, מלך אידיוט וחרא מכונאי0 -
Because it doesn't usually work like that and the total mileage is what matters.singleton said:
I didn't know it worked like that, but definitely worth knowing thanks.me-109 said:A 3yr deal on 5k miles per year is not just 15k at the point you hand it back. It's assessed annually, like at service time, and billed if you run over on any single year.
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What Katani said.0
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I looked at a few and remember the 2 through VW Finance worked like that (it was the one I signed up to).0
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I once got charged £150 for a bit of chipped off paint, 1 x 1 inch area, on the very bottom of the front bumper. Scratches to the rims are not so much of a problem, but paintwork defect are.beansnikpoh said:What's that, less than £40 a week for a new car? Hard to argue at that price.
To put the "exit charges" into perspective - as I said, I've had 3 cars over 8 years, not gone over the mileage limit - which for all the cars I've had is 12p per mile, and never been charged for any of the minor dings, scrapes or spills, even of the alloy wheels. The criteria by which they grade the car for wear and tear are freely available online, make sure you go round the car with the assessor at end of lease. Mind you - someone has driven into my current tank, which I'll have to pay to get fixed. There were bits of car and headlight "glass" all over the road one morning - minor scrape on my front bumper and wing, but I expect that will be expensive.
Purchasing a GAP insurance policy may be worth considering: https://www.moneysavingexpert.com/insurance/gap-insurance/johngti said:Cheers folks. Seen a decent deal for a Nissan Qashqai (sp!!) for £162 including maintenance over two years. 5000 miles PA is more than enough for me.
Given that Mrs GTi’s uncle just died and has a perfectly serviceable car on his drive, It’s a shame I can’t just nab that and drive it around for a while!! And since Mrs GTi is the sole executor for his will, she’s going to have to be above board on everything.0 -
Usually, yes. Limited by time and working outdoors.seanoconn said:
Mobile guys just do minor repairs?veronese68 said:
Just use one of those mobile repair blokes, if you take it to a dealer they would just get one of those in and then charge a hefty premium on top. I'll send you a message with details of a local chap.beansnikpoh said:Mind you - someone has driven into my current tank, which I'll have to pay to get fixed. There were bits of car and headlight "glass" all over the road one morning - minor scrape on my front bumper and wing, but I expect that will be expensive.
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Recently handed an Alfa back and was fearing the worst. Scuffed alloys and some car park scars.
But, less than £300. They did miss a couple of small dings which really surprised me. You'd expect proper Eagle eyed inspection.0 -
What? In a big cardboard box?micaab said:Recently handed an Alfa back……….
My past experiences of Alfas has been the miracle of them disappearing in front of my very eyes into a pile of rust.
(Was quite a while back tbh)
Sometimes. Maybe. Possibly.
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Lol that reputation is still with alfa.photonic69 said:
What? In a big cardboard box?micaab said:Recently handed an Alfa back……….
My past experiences of Alfas has been the miracle of them disappearing in front of my very eyes into a pile of rust.
(Was quite a while back tbh)
But no, the Stelvio was faultless over 3 years. A few alfa quirks but nothing mad.
Car was good. Can't same the same about the dealership.0 -
I think if you get a good deal its worth it. I got a VW Arteon a few years back for like £200 / month... Great car for the money (normally like £400 / month) but I went back to PCP as I needed something quickly and couldn't wait for a new car lease to come through when the Arteon ran out.0
