Not as good as the hire car story i heard years ago about a lady who collected a hire car from the local airport and then complained when she dropped it off at her destination that it had no power and the engine was screaming all of the time. After a discussion it turns out she was american and used to automatics and had managed to put it in first gear and assumed that the car would sort the gears out themselves. She had done 110 miles at max revs in 1st gear. Poor car.
So cars are expensive now, huh? (Leasing)
- Thread starter VincentHanna
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Not as good as the hire car story i heard years ago about a lady who collected a hire car from the local airport and then complained when she dropped it off at her destination that it had no power and the engine was screaming all of the time. After a discussion it turns out she was american and used to automatics and had managed to put it in first gear and assumed that the car would sort the gears out themselves. She had done 110 miles at max revs in 1st gear. Poor car.
But if you can't buy the cheaper version then they have gone up in price dramatically.
Soldato
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Dont mix value and price up.
An expensive car with lots of kit is still an expensive car no matter the 'value' of additional equipment.
That's a bit like a Persimmon housing estate being built, and initially they offer 1, 2, 3 and 4 bedroom houses, but then decide ongoing to only sell 3 and 4 bedrooms later. The price hasn't gone up, but if you want a 1 or 2 bedroom house then you'll need to look at a Taylor Wimpy development instead.
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Everything is relative though.
I would say a new Rolls Royce is expensive, but people with an Alan Sugar sized bank balance could probably pay cash for 10 of them and not even notice the finance dip.
Urgh sorry for thread revival but have just been thinking the same thing.
Leasing the most basic car is so expensive - I'm actually leaning towards buying something I really like 2nd hand as it seems the difference between a basic Ford Focus and a mid range BMW (both 2nd hand) is much smaller proportionally than it used to be (although both are more pricey).
Leasing the most basic car is so expensive - I'm actually leaning towards buying something I really like 2nd hand as it seems the difference between a basic Ford Focus and a mid range BMW (both 2nd hand) is much smaller proportionally than it used to be (although both are more pricey).
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My friend in the motor industry seems to think the arse is about to fall out the car market, so maybe there will be deals about.
I was just offered the lease of a BMW ix50 MSport 'Edition' (Has lots of extras as standard) which had 20K off the OTR price!
But on a contact hire it would still cost my business an extra £4500 a year (over what I have) and that's just too much.
I was just offered the lease of a BMW ix50 MSport 'Edition' (Has lots of extras as standard) which had 20K off the OTR price!
But on a contact hire it would still cost my business an extra £4500 a year (over what I have) and that's just too much.
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Soldato
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Prices are silly atm.
My 140i is coming to an end. I’m likely going to just pay it off and own it.
A simple spec 118i would be about £100 more a month that I currently pay! (Current is £350).
I was tempted by a 230i (240 is silly money). But that was £650 a month, with 5k for my 140i, and another 5k down.
Just can’t justify it, so a no deal for me.
My 140i is coming to an end. I’m likely going to just pay it off and own it.
A simple spec 118i would be about £100 more a month that I currently pay! (Current is £350).
I was tempted by a 230i (240 is silly money). But that was £650 a month, with 5k for my 140i, and another 5k down.
Just can’t justify it, so a no deal for me.
I wouldn’t be surprised given some of the prices. To @Shadowness and his example, is any sane, right-minded person going to pay £10k down and £650 a month, £7,800 a year for a car they will have to hand back in 2/3 years? total paid out over £33k to hand the car back? No is my thought.
I'm frankly appalled at myself for living under a rock apparently for the couple of goldilocks years where you could get Golf Rs for a couple of hundred quid a month. I never really paid attention to lease deals as in my head it was expensive. Damn.
Soldato
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The signs are there - lots of "sales", busy car lots etc
Soldato
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Yeh I think the 140is were among the cracking deals, hence why I bit the bullet. Don't think I will again. Pay up then I'm done.
Tbf, the dealer agreed that an extra £250 a month for essentially a downgrade (in many ways) wasn't a great deal.
Yup certainly get the feeling having just bought my car at the peak and if I need to get shot for what ever reason I'll get shafted more than usual.
That's pretty much what most who lease do, Is there a cheaper way into 100k car every few years? leveraging company car tax and sacrifice incentives they don't work out so bad but I think this way of paying for cars has given the manufacturers the green card to up prices, because the incentives bring it down for those in the right tax bracket to a level that makes you go, ooo, that's a deal, when in reality it's just an expensive car part funded by the governments help to buy scheme
Doesn't matter how you buy it some one is paying for the depreciation and it's not the company selling it.
His example isn’t a £100k car though, it’s a BMW 230i!Yup certainly get the feeling having just bought my car at the peak and if I need to get shot for what ever reason I'll get shafted more than usual.
That's pretty much what most who lease do, Is there a cheaper way into 100k car every few years? leveraging company car tax and sacrifice incentives they don't work out so bad but I think this way of paying for cars has given the manufacturers the green card to up prices, because the incentives bring it down for those in the right tax bracket to a level that makes you go, ooo, that's a deal, when in reality it's just an expensive car part funded by the governments help to buy scheme
Doesn't matter how you buy it some one is paying for the depreciation and it's not the company selling it.
Golf R Estates were absolute bargains at one point.
Associate
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I literally just got off the phone to Hilton Garage, over Derby way. They called me out of the blue as 6 years ago I bought a car from them and they wanted to invite me to a ‘special event where they will guarantee an extra £500’ for my PX. I felt sorry for the girl who called, imagine that being your job!!
I agree the car market is heading over a cliff.
I agree the car market is heading over a cliff.
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It certainly seems so as second hand prices are still incredibly buoyant. I bought my 428i GC in July 2021, a similar car in age and mileage now is around the same price, despite being 18-24 months older.
Ah, I miss read and thought that was for the electric SUV, that is indeed a lot of money for a low model BMW, that's alomost list price, so something is wrong in those numbers for sure you'd just buy one at that level.