Lease vs my 2009 Civic

[Darryl_1983]

It has Michelin Pilot Sport 3 all round, please dont assume these things as you wont always be correct, this particular model Civic is well known for poor handling

The 1.8 engine is ok, for my commute I would prefer some easily accessible torque

Fair enough, the PS3 is a decent tyre. The amount of cars you see with rubbish cheapo tyres, it's easy to assume this is somebodies issue when complaining about handling on a decent car.

Fact is though you aren't going to get much better from a cheap new car. You keep mentioning issue with the Civic, but you must have noticed these issues before you bought the car. It hasn't changed in the time you bought it. I also suspect you bought it recently too, if you still owe £5k on a 2009 model (unless this is the original purchase/loan amount, i may have missed this).

You'd be better off spending £500-600 making the Civic better, than commiting to a lease/PCP.

As I mentioned ealier, use the deposit money to pay off some of the loan, bringing your monthly payments down, is probably the best way to go.

If you just fancy changing cars then fair enough. But you'll struggle to dress it up as a cost saving long term.

 

[Darryl_1983]

Existing finance £5400 - £175 a month - whatever I save per month on top which is currently £100 to £250

Looking on Ebay quickly at what a 2009 1.8 civic as sold for recently and it looks like you'll struggle to get any more than £3500.

You're going to need to find £2k to pay your finance off, and then say £1k to put down as a deposit.

 

[Armageus]

The 1.8 RSI VTEC engine is 138 BHP, the current revision of the 1.0 Ecoboost is 140BHP, you have to rev the 1.8 obviously with it being a VTEC engine but I never really get to use whatever power it has as my commute and local roads dont allow me to, something with the power more easily accessible would be better suited

The figures I have based the 1.0T Ecoboost on was the 98bhp Zetec version, which is still the most common version in the Fiesta.

The 125bhp version of the 1.0T isn't available on the Zetec - requiring you to spec either a Titanium or Titanium X version.

The 140bhp version is only available on the ST-Line/Black Edition/Red Edition.

Obviously the 125bhp or 140bhp versions (and higher trim levels) are more to insure, and use slightly more fuel (both reducing your estimated "saving"). From a lease point of view you also need to check exactly what model you are getting - it may be that a headline £125 figure only gets you a Zetec and not the 140bhp ST-Line.


Ford configurator here to see the available Model/Engine combinations:
http://www.ford.co.uk/ConfigureyourCar/Fiesta/ST-Line

 

[grudas]

I doubt that you're gunna get anywhere near what you own on finance for the civic if you sell it!

 

[Relentless81]

Thanks, 125 was based on the ST Line. Insurance isn't a major factor on this type of car with my history

Depends on the condition and history of the car normally grudas, mine is low mileage, owners and FHSH so obviously its worth more than an example that's high mileage, owners and questionable history

If I can't pay off the finance with sale of my car then I cannot achieve what I want to do so it's a no go

 

[Darryl_1983]

Thanks, 125 was based on the ST Line. Insurance isn't a major factor on this type of car with my history

Depends on the condition and history of the car normally grudas, mine is low mileage, owners and FHSH so obviously its worth more than an example that's high mileage, owners and questionable history

If I can't pay off the finance with sale of my car then I cannot achieve what I want to do so it's a no go

Check eBay for a gauge on sale prices.

The most a 1.8 civic on a 2009 plate sold for recently was £3800, that was a Type s with less than 50k miles on it. You are not going to get anywhere near £5k regardless of mileage, owners and history i'm afraid.

 

[Relentless81]

I'll check later but if thats the case then its not happening and I'll keep it

 

[wesley]

sounds like you bought the civic at rip off price (from dealer?) so you still have high fiance outstanding on the civic.

you only bought the car last year, so personally i think in long term, keeping your civic is probably cheapest way.

my sister bought new Jazz 11 years ago and still got it. never break down. honda cars are good

 

[roadie]

As a fellow Civic 1.8 owner I can empathise with the poor ride quality of the car.

Is there no way to get a more attractive bit of finance to pay back the loan on the Civic?

 

[lemonade]

Trade it in for a 9th gen? They pretty much improve upon and fix on the issues the 8th gens had. I found the 9th gen brilliant and its quite underrated in the segment.

 

[Relentless81]

sounds like you bought the civic at rip off price (from dealer?) so you still have high fiance outstanding on the civic.

you only bought the car last year, so personally i think in long term, keeping your civic is probably cheapest way.

my sister bought new Jazz 11 years ago and still got it. never break down. honda cars are good

Yeah it was from a main dealer, I wanted the warranty which I am glad I got as I had good use out of it, they still seem to be £7kish at main dealers so there is a massive jump between ebay and main dealer prices.

I am going to look to confirm that the above mentioned prices arent the bottom of the barrel ebay examples later which is often the case when people look for a typical price of a car they pick the very cheapest option and assume all examples should be the same price. If it is worth more I might try my luck and put it up for sale, if not I'll keep it and make a loan contribution

 

[Relentless81]

As a fellow Civic 1.8 owner I can empathise with the poor ride quality of the car.

Is there no way to get a more attractive bit of finance to pay back the loan on the Civic?

Not sure what you mean by the finance bit?

Trade it in for a 9th gen? They pretty much improve upon and fix on the issues the 8th gens had. I found the 9th gen brilliant and its quite underrated in the segment.

I dont think I want another Honda, really fancy something with a small turbo engine next

 

[MikeTheNative]

Just had a nose on Auto trader, from dealers you can get a 11/12 plate for £7500. Your car, even from a dealer seems to be going for about £5500. It seems like you just want a new car, not what is better money wise.

 

[Relentless81]

Just had a nose on Auto trader, from dealers you can get a 11/12 plate for £7500. Your car, even from a dealer seems to be going for about £5500. It seems like you just want a new car, not what is better money wise.

What kind of search are you putting in and why does it matter if I want a new car, is it frowned upon or something? If I can get what I owe on the finance for my car then I will save on monthly payments by getting a lease, this was proven on the previous page.

If I cant get what I owe on the finance then I wont be doing it, I said this twice on the previous page.

My car -

2009 1.8 ES
41K miles
1 previous owner
Full Honda Service History with the same dealer

 

[MikeTheNative]

What kind of search are you putting in and why does it matter if I want a new car, is it frowned upon or something? If I can get what I owe on the finance for my car then I will save on monthly payments by getting a lease, this was proven on the previous page?

If I cant get what I owe on the finance then I wont be doing it, I said this twice on the previous page.

My car -

2009 1.8 ES
41K miles
1 previous owner
Full Honda Service History with the same dealer

Not saying there is anything wrong with it at all. It's that you asked whether leasing would save you money. Then got annoyed when people said it wouldn't and you would be better of sticking with what you got.

 

[Relentless81]

Can you quote where I'm annoyed please? I dont feel annoyed, but if you are telling me I'm annoyed maybe I am

Can you link me to the cars you quoted for £7500 please I am interested in the details.

 

[Darryl_1983]

Just had a nose on Auto trader, from dealers you can get a 11/12 plate for £7500. Your car, even from a dealer seems to be going for about £5500. It seems like you just want a new car, not what is better money wise.

Not sure if you're suggesting the OP's car is worth £5.5k or not, but Dealer listed prices are massively different to what a private sale, or trade in is going to get him.

 

[lemonade]

Not sure what you mean by the finance bit?



I dont think I want another Honda, really fancy something with a small turbo engine next

Fair enough, it does have the same engine afterall. Think you might need to look at the VAG range, something like the Golf TSI, I do find them utterly dull to drive though and lack character in the engine, but much more relaxed & comfy than an 8th gen Civic.

 

[Relentless81]

Fair enough, it does have the same engine afterall. Think you might need to look at the VAG range, something like the Golf TSI, I do find them utterly dull to drive though and lack character in the engine, but much more relaxed & comfy than an 8th gen Civic.

There is a Skoda dealer around the corner, might pop in and have a look at the Fabia's. DSG would be nice in the traffic I drive in and no worries about reliability if its under warranty

Just put as close to my car details as I can in ebay and low and behold they are going for £5K and over

I'm going to have a long think about this but if I wait until I owe less than £5k, sell it, pay off the finance and take out a lease for under £130 on a small turbo engine car I will be better off by somewhere between £50 and £100 a month not including the amount I'm currently saving to pay off my current car

 

[Darryl_1983]

What about an older Renault sport twingo. 1.6 litre turbo with 133bhp. Looks like they're around the £4k mark. Little smaller than a fiesta though, and it'll probably not really lower your monthly outgoings. But it ticks the small turbo engine and decent handling (don't quote me on the handling though, i'm assuming as RS car are generally pretty decent handling).