Car lease in UK

niftyfifty

niftyfifty

niftyfifty

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Joined
21 Apr 2011
Posts
173
Howcome in the UK you cant lease cars like you can in California ? Over there you pay x per month and when your lease runs out you return the car... over here you have to pay baloon payments and if you return the car you lose an awfull lot of money compared.

It seems to me car lease like in the US would sort the car market out instead of silly scrappage schemes ?
 
niftyfifty said:
Works out to £52k on the RRS 5.0SC for 2 years, 20k miles limited ( i do that in 5 months) and you have to pay for all servicing, then give it back. Seems like a very poor deal personally.
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Thats because the RRS deprecates like a stone, pick something with a good residual and it will not be so bad.
 
niftyfifty said:
Howcome in the UK you cant lease cars like you can in California ? Over there you pay x per month and when your lease runs out you return the car... over here you have to pay baloon payments and if you return the car you lose an awfull lot of money compared.

It seems to me car lease like in the US would sort the car market out instead of silly scrappage schemes ?
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Of course you can lease cars in the UK - where do you think everyones company car comes from? :confused:

You don't HAVE to pay the balloon payment on a PCP anyway, if you want you can just return the car and pay nothing extra. Sure you lose a load of money - youve basically just rented it - but you do with a conventional lease as well, as you dont get a refund of rental amounts paid when you return the car!
 
niftyfifty said:
Works out to £52k on the RRS 5.0SC for 2 years, 20k miles limited ( i do that in 5 months) and you have to pay for all servicing, then give it back. Seems like a very poor deal personally.
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Of course its a poor deal, you are paying for the depreciation on the car over the period you rent it AND the profit for the renter as well, just as you do anywhere else :confused:
 
I can't decide if you're on a wind up or not. Surely someone as financially savvy as you would know the difference between PCP and leasing, and a quick google search for car leasing would bring up hundreds of relevant companies :confused:
 
Some cars you can get decent deals on, Audi are doing A5 Cabriolets for £269 + VAT at the moment. :o
 
Leasing is never going to work for you doing the miles you do.
 
Sagalout said:
I can't decide if you're on a wind up or not. Surely someone as financially savvy as you would know the difference between PCP and leasing, and a quick google search for car leasing would bring up hundreds of relevant companies :confused:
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Not untill recently have i made enough dough per month that its been worth it, ive always bought outright and nobody anything. But when, and ive seen for my own eyes, I could lease a car for 2k a month and turn £60k into £85k in that same month, it seems a bit pointless buying it outright for £60k. Does that make sense ?
 
niftyfifty said:
I could lease a car for 2k a month and turn £60k into £85k in that same month, it seems a bit pointless buying it outright for £60k. Does that make sense ?
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So you always empoy 100% of your capital in projects?

That analogy only works if you don't have £60k spare.

Which, given how fabulously wealthy you are, you surely do.
 
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