leasing a car

Diagro said:
Thats what im planning, Makes the most sense. Cheaper than a lease and i get to keep and modify the car.
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llooooooooool forgive me if i'm wrong but the car will have a residual value of 3k roughly in 3 years time, then all the maintenance servicing and repair costs when its plastic drops of, but this will all be cheaper than leasing in the long run?

talktofrank
 
Diagro said:
That deal i missed out on was a 1-23 Deal £166 per month on a 208GTi.


I have done the maths, and its cheaper over 24 months to lease a car.

I DON'T want the hassle of selling it on, Please Stop telling me to finance a car when I don't want too, I want to lease one.

Fox, You say the Initial Lease is much the same as the deposit on a PCP?
I just checked, and a 3,24 lease is £600 up front and £200 each month.
Pcp for the same car would be £3500 Up front, £175 Per month. Hmmm
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Na i thought i said some stupid stuff but this thread deserves an award, you said you don't want to finance it in capitals now you're all for financing it someone sticky this thread
 
ElliottJames said:
llooooooooool forgive me if i'm wrong but the car will have a residual value of 3k roughly in 3 years time, then all the maintenance servicing and repair costs when its plastic drops of, but this will all be cheaper than leasing in the long run?

talktofrank
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Whats this about the plastic falling off?
 
Diagro said:
Whats this about the plastic falling off?
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There's a setting you can make which makes life around here much more bearable

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I think the 200bhp petrol version would be a better car, you only do 10k a year. Plus these remap to 250bhp safely. So it should be faster than the clio at least in a straight line. Though the Mk5 Golf GTi looks a lot better (same platform).
 
Get a loan and buy nearly new. 208 GTI's are in the 12k region now so a 5 year loan will be around £200PPM region anyway. Get an extended warranty and enjoy a car that you actually will own.
 
adam cool dude said:
Get a loan and buy nearly new. 208 GTI's are in the 12k region now so a 5 year loan will be around £200PPM region anyway. Get an extended warranty and enjoy a car that you actually will own.
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The downside to that is that a lot of people (myself included) are unlikely to ever keep a car 5 years. Planning this in such a way that your equity is greater than the amount outstanding is important - also making sure the loan is flexible enough to be able to pay it back early with reasonable terms
 
On the plus side there won't be countless threads on things going wrong with the paint/wrap or mechanical parts of the Clio! :p

Enjoy the derv.
 
Surely just credit card it for a car of this sort of value if you dont have the money and must go ahead with it, credit card companies are throwing 0% around at the moment.
 
Let me know what APR you get OP

I've been informed from a few people who work in finance, that these so called low apr rates (3.4% etc etc) are bogus. How true that is I don't know.
 
glen8 said:
Let me know what APR you get OP

I've been informed from a few people who work in finance, that these so called low apr rates (3.4% etc etc) are bogus. How true that is I don't know.
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Not true at all, my OLB from various providers regularly shows me pre approved low rates for personal loans.
 
adam cool dude said:
Get a loan and buy nearly new. 208 GTI's are in the 12k region now so a 5 year loan will be around £200PPM region anyway. Get an extended warranty and enjoy a car that you actually will own.
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The real world actual scenario is that 12k over 60 months will in fact cost around £240 a month (total payable £14,400ish)

How much will a nearly new 208 gti cost in five years

When you deduct the resale value from the £14,400 (+ 5 years worth a road tax payments) you can work out how much that compares to a lease / pcp deal

Rubbish comparison anyway as it's new vs nearly new
 
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