Leasing

[Jez]

Many reasons but you will forgive me if I don't go into them on here.

Fair, i struggle to understand why that would be, but of course this is not the place

I was simply curious. I know that you are smart, and knowing that raising relatively "small" amounts of capital is not exactly difficult, i found it strange that you would cite numbers such as those.

 

[SDK^]

*As an aside, what a lovely example of how completely ridiculous list prices are. A £33k car for which you'll pay tax like it was a £40k car even though you've paid nothing like £40k on it, because a made up number in a brochure says '£43800'. So frustrating.

It's as crazy as getting taxed twice; paying BIK on the vehicle VAT

 

[jpaul]

You can right now get nearly £11k off list on a 520d M Sport MHT - taking it down to £33k from a list price of £44k*. I'd imagine similar deals can be had on the E Class.

or for private money - buy a E-220 on 70, 10K miles, for £30K ,so, break into the middle of the depreciation curve.

 

[ivrytwr3]

I'd be surprised if £155 is a maintained lease - the maintenance costs ought to be near enough equal over equivalent ownership periods.

Bearing in mind the cheapest new Kamiq can be had from £15k, £155 per month is clearly not a bad deal but realistically how much is the new one going to lose over 2 or 3 years? They might absolutely tank in value but given the popularity of the type of car, i'd have thought even WBAC would still be giving you a half decent figure for a low mileage (guessing the lease is 5k or 8k pa) one after 2 or 3 years. It's probably closer to 'going rate' than 'amazing deal' than it might first appear.

£9 per month for maintenance pack.

Was 5k mileage, but contract says 10k. 3yr lease.

 

[Fusion]

or for private money - buy a E-220 on 70, 10K miles, for £30K ,so, break into the middle of the depreciation curve.

Was going to say, you can get a 2020 220d AMG Line for less than £26k. And it isn't white

 

[Hades]

Unless you get a particularly good deal - and they do exist, very much so but you need to be very flexible about the model and even make of car you go for if you want to benefit from one of the good deals - then leasing is pretty much the most expensive and least flexible way to run a car.

I struggle to see the benefits once you realise that 'lowest monthly cost' isn't necessarily a benefit.

Lots of the reasons people tend to come out with for why leasing is great are typically false - things such as:

'I don't need to worry about the car going wrong' - This is because it's new not becuase its leased
'It isnt my car so I don't need to care about it' - Hand back a trashed lease car and enjoy the bill you get at the end.

Like with most things there are specific situations whereby leasing is the most sensible options but generally IMO it is not.

I completely agree with this. I am currently 1.5 years into a 2 year lease. I leased because I couldn't decide what to buy next and because a very good deal came up on one of the cars I was considering. But I stuck rigidly to the base spec that was on offer and wouldn't be tempted into the nicer but far more expensive spec. I treat the car with kid gloves because it isn't mine. I'm even more careful of it than I would be if it were mine because I must put right any damage.

It was the right deal at the right time for me to try a lease. But unless an absolutely cracking deal comes up when it's time to renew then I'll probably not lease next time. So lease deals have their place. But only if they are genuinely a good price and you're not fussy over an exact make, model or spec.

 

[bm_999]

friend of mine has had his last 2 or 3 cars via leasing and loves it

currently got a e300 convertible and only paying like £300-400 ish a month on a 50k car i think over 2 year (pricey i know but its what he wanted). but compared to his wifes polo gti at only £190 ish it all depends on what car your looking at

Now with covid leasing deals are a bit crap from what ive seen