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Nearly bought it. Was just about to sign when I noticed no second key. £160 plus vat minimum.
He wouldn't discount for it so I walked away.
He wouldn't discount for it so I walked away.
personal car leasing. Advice please.......... pros cons
- Thread starter The History Man
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xxnick1975
Old School Grand Master
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Re:
As ringmaster said. You do have a commitment with the lease should circumstances change.
But on your numbers the £6.5 car is going to be worth 2-3k in 3 years time at best unless you are thinking of something very left field
So you are talking 800 a year for the new motor, which is comparable to a 3rd party warranty, or a majorish repair, set of tyres and brake pads etc
So financially not much in it
As ringmaster said. You do have a commitment with the lease should circumstances change.
But on your numbers the £6.5 car is going to be worth 2-3k in 3 years time at best unless you are thinking of something very left field
So you are talking 800 a year for the new motor, which is comparable to a 3rd party warranty, or a majorish repair, set of tyres and brake pads etc
So financially not much in it
xxnick1975
Old School Grand Master
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The History Man":1e2s0tus said:
A ford diesel....lgf will disown you
£800 barely pays for a clutch on a lot of cars....
Do the sums, see what its costs all-in, and what the options are to quit ahould you wish to or need to.
Job security is a thing of the past, anyone could be on the dole before the end of the year. Im not comfortable with committing to payments for non-essentials, I have an old car thate reliable, so wont be renting ior borroing to get a newer one. Im of the view that I f I cant afford it, I dont buy it. Tricky with housing of course.....
Do the sums, see what its costs all-in, and what the options are to quit ahould you wish to or need to.
Job security is a thing of the past, anyone could be on the dole before the end of the year. Im not comfortable with committing to payments for non-essentials, I have an old car thate reliable, so wont be renting ior borroing to get a newer one. Im of the view that I f I cant afford it, I dont buy it. Tricky with housing of course.....
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Fiesta is a Peugeot diesel actually: https://en.wikipedia.org/wiki/Ford_DLD_engine#DLD-416 - the internet never lies...
Anyway, as mentioned already DO NOT GO OVER AGREED MILEAGE! You will pay for every scratch, fart, knock, dent, squiggle and so-on.
I have met many a person who has a vehicle parked permantly at work because they dont want to exceed the mileage.
Anyway, as mentioned already DO NOT GO OVER AGREED MILEAGE! You will pay for every scratch, fart, knock, dent, squiggle and so-on.
I have met many a person who has a vehicle parked permantly at work because they dont want to exceed the mileage.
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So I'm buying.
1.6 tdci Ford Focus or fiesta.
Avensis d4d?
1.6 tdci Ford Focus or fiesta.
Avensis d4d?
I've leased every new car I've ever owned
I go caught over mileage on my last one about 4k miles at 12p per mile, that hurt a touch but thankfully didnt hit the 3k damage to bodywork / wheels excess so could have been worse.
I now have a 150bhp Tiguan for the nursery run, 15K miles a year for about £350 per month, good thing is I only put £300 into the deposit so if I hand it back at 18mths then I lose that but so what.....
I go caught over mileage on my last one about 4k miles at 12p per mile, that hurt a touch but thankfully didnt hit the 3k damage to bodywork / wheels excess so could have been worse.
I now have a 150bhp Tiguan for the nursery run, 15K miles a year for about £350 per month, good thing is I only put £300 into the deposit so if I hand it back at 18mths then I lose that but so what.....
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Problem is me and the work colleagues do around 40k a year so leasing pcp is out!
Re:
Guys, if you're talking about PCP it is NOT a lease, a PCP is Hire Purchase with a slight difference* - the difference is that it has a Guaranteed Minimum Future Value (corresponding to the approximate value of the car) at the end of the contract term; this GMFV (in principle) should be set so the consumer has some equity over and above that value (but rarely does).
PCPs are a minefield, and are often mis-sold.
Jon.
Guys, if you're talking about PCP it is NOT a lease, a PCP is Hire Purchase with a slight difference* - the difference is that it has a Guaranteed Minimum Future Value (corresponding to the approximate value of the car) at the end of the contract term; this GMFV (in principle) should be set so the consumer has some equity over and above that value (but rarely does).
PCPs are a minefield, and are often mis-sold.
Jon.
