I'm not 'arguing' as such allyc... I couldn't see me ever taking a personal lease, nor HP, nor would I be inspired to pay £700, £800, £900, £1000 upwards per month for any car. I'm just curious about how peoples minds work around debates like this and I'm open to being enlightened.

In the two examples I've quoted, I've actually already outlined the cost, so you can work out the estimated difference in cost over a 4 year lease and a 5 year loan in whatever guise the 'loan' is.

However, in the two examples referred to, the difference per month between lease and loan is £92/month more for the 'loan', equating to paying £5820 more than lease, if going down the loan route over 5 years. That still leaves you with the vehicle and a sizeable chunk of 'equity' in that vehicle if completing the loan repayment, as opposed to no vehicle and no equity and after 4 years of the lease route... I think?

Just got finance example via uninvited mail shot for a £73k 3.0 diesel.

£18k deposit, 4 years at £750/mth and then a final payment of £33k or give it back.

Last edited by pld118 on 14th Aug 2014 5:20am. Edited 1 time in total

This might be worth considering... My mum has a pcp/hire/whatever on a 2nd hand car. It's a Honda crv and I think it was about 3 or 4 when she got it. The car was like new and the payments are much smaller compared to a new car. Her servicing costs and tyres and road tax are all included. There is every chance a similar deal could be available by someone on a low mileage fattie? Previously..
Vogue SE TD6
Defender 90 2.4
Defender 110 TD5
Vogue 3.5 EFI

It's fair enough that people can acquire cars in this way if they want to and the initial payment, monthly payments and final option payment are all relative to the car of course.

However, an initial outlay touching £20k, 4 years at £750/mth (not ridiculous in itself) and then the prospect of needing to meet a final payment of £33k or give it back... wouldn't tempt me though I'm sure it appeals to people otherwise they wouldn't be doing packages like that!

But you are looking at a motor costing £ 73k.

To lease the same car £5k deposit then £1k a month for 4 years total cost £53k.

Assume a 4 year old 48k mile RR worth £35k retail £30k trade.

Basically it allows someone who cannot afford to spend £73k on a new car to drive around in one - That's what helps LandRover keep sales figures up as aspirational vehicles that people want to be seen in

We recently leased a CLS Shooting brake for a director on a 6 +23 contract hire for £301 per month including vat for a £45k car from Mercedes Benz Finance £8,700 for a car for 2 years on 12k miles per annum incl maintenance - Its butt ugly by the driver loves it

Just my thoughts Paul
L405 now sold

So what sort of deposit would the person have had to put down on the CLS SB on the 2 year lease pj as that does seem like a seductive offer!

What happened to spending what you earned yesterday not what you think you'll earn tomorrow?

^ there would be less of everything!  Got - 2017 SDV8 Autobiography in Loire Blue
Had- 2008 TDV8 Vogue SE in Java black
Had - 2007 S/C in Stornoway Grey

Think I need to change my username to oldcro2... I do lean towards those sentiments!





Last edited by pld118 on 14th Aug 2014 5:21am. Edited 1 time in total

I thinks the important word here is "affordability". Can you afford to buy it outright? If yes, you're very lucky, so fill your boots. Can you afford to pay it from however you generate your income? If yes, why not? The only issue, as I see it, is if you overload yourself and can't pay. That's where there's a problem.

IMHO naturally  Got - 2017 SDV8 Autobiography in Loire Blue
Had- 2008 TDV8 Vogue SE in Java black
Had - 2007 S/C in Stornoway Grey

For sure Alan, if everyone waited until they had the cash in the bank to buy everything outright, maybe so called 'big ticket' items would, in the main, sit gathering dust.

Perhaps it's a combination of what people can afford (either outright or over a period of time); and equally as importantly maybe, what people are comfortable with!

No right or wrong answer then really.

Last edited by pld118 on 14th Aug 2014 5:22am. Edited 1 time in total

Indeed. That example is ridiculous to me too. My concept of a lease deal, is perhaps 3 or 6 payments up front, followed by relatively small monthly payments, say £400-£500, over 3 years and a GFMV, so at that point you can hand it back, or pay the outstanding balance by whatever means at your disposal. Got - 2017 SDV8 Autobiography in Loire Blue
Had- 2008 TDV8 Vogue SE in Java black
Had - 2007 S/C in Stornoway Grey

so out of interest, what do you reckon my 2010 model Vogue SE with 49K miles and only one previous owner is currently worth ?

I bought it in Dec 2013

Will be interesting to see wether currently I'd have been better off leasing a BMW 730 etc

Well Jokers just sold a very similar car you yours, so he can give you a good idea of current values.  Got - 2017 SDV8 Autobiography in Loire Blue
Had- 2008 TDV8 Vogue SE in Java black
Had - 2007 S/C in Stornoway Grey

This recent thread could be used to help you estimate a value too 73vse

http://www.fullfatrr.com/forum/topic26948.html?highlight=cap