BMW Vs Audi - Rubbish choices?!

jamief said:
Why is leasing privately too expensive? For £450 a month you could get a 330d M-Sport (thats including VAT) on a 3 year lease. You don't need maintenance - just pay for servicing as and when required. Warranty you're already covered as its a new car. Insurance shouldn't be an issue. EDIT: And with personal leasing, Tax is paid for you (or rather, included in the price you pay)
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You will only get 450 a month with a low mileage allowance. And thats still £18000 to borrow a 3 Series for 3 years with nothing to show at the end!
 
[TW]Fox;14962748 said:
You will only get 450 a month with a low mileage allowance. And thats still £18000 to borrow a 3 Series for 3 years with nothing to show at the end!
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Yep - but of course if he chooses the company car, he gets a car for 3 years with nothing to show at the end. I'm not disputing that you end up with nothing - but as a direct comparison it works.

I wouldn't suggest a 330d anyway, that was just a quite example of what you could get, but a 320d with 20kmpa allowance would be within that budget also.
 
Can you show us some leases for a 20k pa 320d at 450 then? Actually would need to be less surely to pay for maint - 18 inch RFTs are not cheap!
 
wohoo said:
How does your car system work? as the tax on a car like the 316 is not as much as the £335 above.
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The actual cost is around £450+ but you get tax and NI deductions via the company scheme and this reduces it to £335.

It will run for 2 years at the end of which I would have spent around £8K all in with nothing to show for it.

On the flip side, if I buy something decent for say £12K and run it for 2 years, + insurance (around £1600-£1800 since I dont have ncbs and have only recently converted by international licence to UK) + servicing/tyres/tax/mot (approx £2K ??) = £15,600. That would sell for around 7K in 2 years (if I'm lucky) so I will still end up losing roughly the same amount.

Through the company scheme I would atleast have a brand new car with less hassle.

Does that make sense?
 
[TW]Fox;14963006 said:
Surely a good used car beats a crap new one?
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Are you directing that at me?

If so - only the individual concerned can answer that. Some people will quite happily pay their £XXX per month to lease a new car and hand it back after 24/36 months, and then take out another lease.

Others will shop around, buying something used and get more for their money.

Personally, I've done both and can see the merits of both.
 
OllyM said:
He had a good nearly new car, can't work out why he got rid of it though!
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Few reasons:

1) It would have cost me around £19K all in during the 3 year lease with nothing to show for it.

2) It was getting bruised every time I went out or parked in a half decent place.

3) The amount of time I spent complaining about scratches, chips etc (which would normally be classed as wear and tear under leasing) was annoying my other half.

4) I was ignorant enough to get a 3 series without I-drive or usb connection (both are must haves in my experience).

5) Due to the economic climate it was recently announced that the firm might be making redundancies at the end of the year, I didn't want to end up with a massively depreciating asset in case I was one of the unfortunate ones (with the company scheme you just hand the car back in case you lose your job).

So it was either sell it now and cut my losses or keep it longer and live with the issues mentioned above. Wise decision? I think so.
 
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So if you got rid of a 320d for those reasons, won't you be totally fed up with a 316d and want rid of that in about 5 minutes?!

And you're contradicting yourself - £19k during the lease, but then you later say you want to lease so you don't worry about scratches and chips?!
 
Nocturne_sa said:
With regards to owning rather than leasing, owning is a pain in the ass..you buy a nice car and then it keeps getting scratched dinged etc etc. I recently got rid of my 58reg 320d m sport for the same reasons..u just need to be sooo careful all the time. I'd rather lease and not give a c*ap. Selling it off is also a right pain the ass, people wasting your time etc etc, thats why I just returned it to the dealership (loss of around £2K in two months/1500 miles !!)
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Nocturne_sa said:
Few reasons:

1) It would have cost me around £19K all in during the 3 year lease with nothing to show for it.

2) It was getting bruised every time I went out or parked in a half decent place.

3) The amount of time I spent complaining about scratches, chips etc (which would normally be classed as wear and tear under leasing) was annoying my other half.

4) I was ignorant enough to get a 3 series without I-drive or usb connection (both are must haves in my experience).

5) Due to the economic climate it was recently announced that the firm might be making redundancies at the end of the year, I didn't want to end up with a massively depreciating asset in case I was one of the unfortunate ones (with the company scheme you just hand the car back in case you lose your job).

So it was either sell it now and cut my losses or keep it longer and live with the issues mentioned above. Wise decision? I think so.
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You seem confused. You generally don't sell a leased car. And with this situation it seems like you have taken the hit on leasing a car, and returned it to save money by spending money on leasing a car anyway.
 
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Sounds like a complete mess. Got rid of a car because you couldnt park it in such a way it didnt get damaged? Why is my ancient car not scratched and dented like yours?

First you tell us you bought it then you cite its leasing costs as a reason for getting rid?
 
OllyM said:
So if you got rid of a 320d for those reasons, won't you be totally fed up with a 316d and want rid of that in about 5 minutes?!

And you're contradicting yourself - £19k during the lease, but then you later say you want to lease so you don't worry about scratches and chips?!
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It was a PCP contract and I had 40% personal equity so not a contract hire scheme
 
Nocturne_sa said:
Few reasons:

1) It would have cost me around £19K all in during the 3 year lease with nothing to show for it.

2) It was getting bruised every time I went out or parked in a half decent place.

3) The amount of time I spent complaining about scratches, chips etc (which would normally be classed as wear and tear under leasing) was annoying my other half.

4) I was ignorant enough to get a 3 series without I-drive or usb connection (both are must haves in my experience).

5) Due to the economic climate it was recently announced that the firm might be making redundancies at the end of the year, I didn't want to end up with a massively depreciating asset in case I was one of the unfortunate ones (with the company scheme you just hand the car back in case you lose your job).

So it was either sell it now and cut my losses or keep it longer and live with the issues mentioned above. Wise decision? I think so.
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If you service a loan to run the car rather than leasing it, you wouldn't have a contract you couldn't get out of, and it would cost you less. If the scratches would be classed as wear and tear by the lease company then thats how the dealer would see it come resale time. That scheme is a sure fire way to throw a large chunk of cash away for a very sub-par car.
 
OllyM said:
If it was a PCP then you'd have the option to keep the car at the end of it if you pay the GFV - very confused by your point here!
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Correct- which was another £11K so approx £30K in total for something that would be worth £13K max if I ever managed to sell it. I would never pay the balloon payment.
 
But cars generally depreciate, that's a fact of life - were you expecting it to be worth what you paid for it three years down the line?
 
Sorry if it's a dumb question but would you have to pay £355 (lets say) per month and pay company car tax or is the scheme a personal lease scheme and not a company car scheme.

With my company I get an allowance per month or I can opt out, which is what I've done and they they just pay me an allowance per month. If I had opted in then I just pay the company car tax to the VAT man.
 
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