A lease on a £100-200k car is hardly going to be £5 a month.
Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Bentley Flying Spur Lease and Finance Deals | First Vehicle Leasing
Find the cheapest Bentley Flying Spur leasing deals and contract hire offers in the UK, with a range of finance options from First Vehicle Leasing supplied by trusted dealers.
www.firstvehicleleasing.co.uk
Company leased cars.
Yup we completed today as well, on 3.98% with HSBC.
I'm assuming fixed? how many years?
I fixed for 5 years , we shall see whats happens
Might not have been the smartest move, but then again who knows what is a smart move at the moment.
Last edited:
Even a few years ago I didn't realise how many people lease cars. I thought it was a minority.
But it isn't? Is that right. Not actually sure. But when I "took note" it was surprising how many nice cars there are compared to the average salary
Soldato
- Joined
- 21 Jan 2010
- Posts
- 3,828
My mate lives like a monk and spends nothing. He has spent thirty odd years doing this and has a huge chunk of cash in a current account.
He's not far off sixty, and his health is visibly deteriorating. He has no kids.
I've been telling him to enjoy it while he can for the last five years. I doubt he will ever do anything.
He'll be the richest man in the graveyard, with nothing to show for it.
These seem quite low in the current climate. Looking on MSE best-buys I can only see 5.2% and up. Will try my current mortgage provider to see if they can do anything better.
Caporegime
- Joined
- 20 Oct 2002
- Posts
- 75,890
- Location
- Wish i was in a Ramen Shop Counter
My road is not like that at all. The house on the other side of the semi detached has had the same car for at least 5 years. I own mine outright. The other side has no car, and the cars 3 houses either side are all old, like average 10 years old, so likely all own outright. The most flashy car is this guy who has a old old 1st gen Leon FR and a Gen 2 Audi TTRS (10 plate). He often park the Leon to block in the Audi.
But you can definitely tell at the work car park who leases and who buys though.
Last edited:
It becomes such a way of life that they really struggle to change it. I know of a few family friends who have hoarded cash for so long that now they are retired they still struggle to justify spending it.
Not a life I'd choose.
I always assume (maybe wrongly) that the really expensive cars are bought outright.
And it's the new VW golf's, and others (Mercedes, mini, etc) that are leased.
Maybe I'm wrong. But our car is often one of the **** ones in the car park at the local tesco for example
Had a friend way back. His parents were sitting on loads of land. But they had limited hot water. No TV. Lived on the bare minimum. Really strange.
Definitely no point saving for when you can't do anything. It's bad enough I feel. Like I wasted my 20s
It is quite obvious around where i live that most people lease expensive cars.
People in the small little 2 bed semi's/terrace house always have a new BMW or Audi or Range Rover on the drive.
So many people have a brand new car every few years. There is no way they are earning enough money to be buying these outright so frequently.
If they can afford to buy a new range rover outright, they would be long gone from the tiny house and garden they are in.
Either that, or a lot of them are tradesman playing fast and loose with the tax man (so can't get a good mortgage, but can splurge on cars etc).
Last edited:
Soldato
- Joined
- 2 Feb 2010
- Posts
- 11,133
- Location
- Crowmarsh
All the really nice brand new cars are leased. I'd say 90% anyway.
I'm not so bothered with flashy cars these days. Happy enough with my 6 year old Leon FR. Will only consider replacing when it starts to become unreliable.
Cars are a money pit, I have learnt over the years
All the really nice brand new cars are leased. I'd say 90% anyway.
I'm not so bothered with flashy cars these days. Happy enough with my 6 year old Leon FR. Will only consider replacing when it starts to become unreliable.
Cars are a money pit, I have learnt over the years
I've been really lucky with cars.
S2000 was amazing and so old.
Then we dropped down to one car when it got written off
So now it's just Peugeot 207 automatic that cost 3k.
Caporegime
- Joined
- 20 Oct 2002
- Posts
- 75,890
- Location
- Wish i was in a Ramen Shop Counter
I spent my 20's at university, because i did Architecture, and then after that i went back and did a law conversion and went to Law School, which meant I spent 7 years at higher education at 3 separate universities and didn't get a job until I was 25/26.
I've always felt I am like 10 years behind everyone else anyway, not just from earnings, but also from like a pop culture sense as I grew up in HK in the 80's which is not relevant here and I forgotten most of that, so I had to start basically from scratch. Add that to my delay into working put me back financially, not to mention the loan for law studies was self funded, instead of student loan where you pay back as you earn, the loan was from the bank called a Professional Studies Loan for £20k+, which was paid back more like a regular loan....enough to pay for a mortgage. So for a few years after I came out of uni I was actually properly in debt, not just student loan debt.
Last edited:
Yeh, could be worse , could be what they are now
I was not able to remortgage anytime before 1st July 2023 as my previous lender ERC was 5% and non decreasing (stupid nieve mistake as i was a first time buyer last time round and my broker didnt really give me the low down on decreasing or low ERC's)
About 3 months ago i was searching around via L&C broker and the best deal they could find at the time was 4.15% on a 5 year fix with barclays, I locked in at that point as rates were on the rise (at that point) then i think the market started lowering rates (there was a dip and rates were going down), at the time barclays were offering the same product on 3.95% so i quickly switched to that deal, nothing else on the market was cheaper at the time).
I was hoping for more drops, but obviously that was not going to happen as we know, as over the last month or two its ramped right back up to well over 5% again.
So yeh, it was going up, then it slumped down, i managed to catch it on the lowest dip i could lock in on, before it rised back up again.
Haha. Miss old Top Gear.I have visions of this when I think of you and your car
Its nowhere near that bad for turning. And for a 1.6 auto. Double tapping the accelerator does provide more poke than I was expecting.
Its actually quite reliable. And interior is better in layout than damn mini I'm using at the moment!