2013 VW Polo BlueGT

[Jay]

Good Evening,

I'm looking at the possibility of getting a new car, and have been offered one of these on lease.

It would be with the following options:
2013 VW Polo GT 1.4 TSI ACT
5 door
Reflex Silver
DSG Box
Bi Xenons
Anthrite Alloys
Rear tinted windows
Leather steering wheel
Front centre arm rest

I've been quoted £275 per month lease (3 years) which includes insurance, tax, tyres, breakdown, servicing etc.. (basically i just add fuel)

I'm currently driving a 1999 Saab 9-5 SE Estate 2.0t Auto which i get about 19mpg on average (my usual route to work). Motorway mpg is good at about 38-42mpg but my commute to work is only 19miles (non motorway).

Obivously i outright own my Saab, but taking into account servicing, insurance, tyres, tax, mpg etc etc. the Polo lease seems an attractive deal where i've calculated i will break even (or better off by about £20 per month) and i get a hassle free driving for 3 years. Plus I could sell my Saab for about £900.

Am i mad in considering a Polo BlueGT?


Opinions welcome.

Here are a few reviews of the car for those who have not read about it.
Review 1

Review 2

Review 3

Review 4

 

[[TW]Fox]

I've been quoted £275 per month lease (3 years) which includes insurance, tax, tyres, breakdown, servicing etc.. (basically i just add fuel)

Is it a company car or something?

Tax, tyres and breakdown are irrelevent - with mileage as low as yours you won't really need many tyres in 3 years. The tax is negligable. Breakdown is presumably included as part of the new car warranty. It'll need only a single service. So, not big expenses.

Effectively then you are paying £275 a month to borrow a little Polo for 3 years.

This is £10,000.

Only you can tell us whether you think paying £10,000 to drive somebody elses VW Polo for 3 years is something you consider a good deal.

 

[Jay]

It's a lease deal through work, salary sacrifice.

I was looking at it from the point of view of paying the same money as I do now for a 14year old barge.

Basically same financial position.

 

[Jay]

But I won't own a £900 Saab at the end of it.

 

[[TW]Fox]

Nor will you be driving around in a large automatic estate car, so it's not really a relevant like for like comparison is it.

Surely a better comparison is either comparing the cost of the lease to the cost of replacing the Saab with a 1999 VW Polo, or comparing the cost of the Saab to the cost of leasing an equivilent car to the Saab.

 

[Hades]

How about taking that money, after getting a car loan from a bank, and then buying something used, but newer than the Saab (leaving some for servicing, etc). It won't be as new as the Polo (which I actually like) but you will probably get a "better", albeit older, car and will own something at the end of the there years.