MattyB1983

iTrader: (51)

Why anyone would buy a new car or even rent one for a couple of years is beyond me. The money you lose on new cars is rediculous, average of something like 40% of its new value in the first 3 years. And renting one is even worse, you give someone 10 large and they lend you a car for a couple of years. Plus you can only use it for a certain amount of miles !!!!
People just want to appear like billy big bollocks driving around in a new car, it's pathetic in my opinion.
Why not just wait and buy a mint 2 year old one that's already taken the massive hit of depreciation. At least it's your car, you can drive it as much as you like and once you've had enough you'll get a fair chunk of your money back.

Matteeboy

Oh really Matty? What a revelation! You must be a financial genius of some description?

ScoobyJawa

Because you have to compromise on options. Simplez.

I've never found a second hand car spec'd exactly as I would want if I were buying it new myself.

RS Grant

That sounds like better cover than we have anyway, home start is about as snazzy as it gets with us, haha. I've got a transit connect that I bought for work/dog/daily duties, but with a magnificent 1.8TD, it requires something else in the stable to supply adrenaline... and the ability to overtake.


Yeah, I see the point you're making, but I don't have the car which I could repair/mod with that 7k and to be in that situation. So I'd need to budget for buying the car which makes it a c15k scenario and for that money I'd not have a Hawk STi or Golf R... I'd probably be buying another E46 M3.

But hypothetically, if I was already in a Hawkeye STi, then I probably would rather spend a bit of money upgrading it for the trip than get rid of it for a Golf R.


Absolutely, for the same monthly figure, the Vauxhall Dealership next door are advertising an Astra 1.4 Desire. ...and that'll be worth almost nothing at the end of the 4 years anyway, so you're unlikely to pay the final balloon and just hand it back. Plus I'd rather have 2 years in a Golf R than 4 years in an Astra Desire.


Haha, that's exactly it... for years I've tried and failed to look like billy big bollocks but when I take delivery of my new VW Golf, my journey will be complete.


...you'd be paying more, nearly double in some cases, than the original owner paid over the first two years and getting a car which isn't exactly what you would have wanted if buying new; that wouldn't sit well with me. If these mega cheap deals weren't available, then I'd not have bought one, so hanging on to buy a used car at 'normal' prices wouldn't have happened either.


Cheers,
Grant

john banks

Matteeboy discovers inner care bear I'm suppressing mine. Or maybe you've stolen it

scoobyboy1

iTrader: (16)

Couldn't agree with you more, I bought my Golf R because I dont want to be messing with cars anymore, got family and work and just no time to do anything anymore, and buying a brand new car with warranty so if VW do have any reliability issues blah blah, I couldn't really care, as it goes back to the dealer and gets fixed!!!

What colour R did you go for Grant??? I went for free Red

ditchmyster

iTrader: (7)

I would add for people that can't afford a new car.

Only an idiot wouldn't

Exactly.

Matteeboy

It only pops out on rare occasions...

Scoobyboy - we have a VW that's been in for plenty of work. Trust me, even when covered, its a massive PITA getting it sorted. You usually need to take time off work, faff about chasing it up, sometimes get heavy when they mess up. Doesn't matter what VW it is, it's bloody annoying.

Even with a 10 year warranty, I'd still choose a more "reliable" car with a three year one.

Anyway I'm sure you chose an R because it's a decent, very quick motor more than for the warranty?!

hodgy0_2

Yeah any car that is in and out of the garage, warranty or not, courtesy car or not, main dealer or not is a massive massive ball ache

Unless you like hanging around car dealership talking/arguing with car salesmen and ogling the receptionist with massive t1ts (and they would have to be genuinely huge to make it worthwhile for me)

In my view life is too short and no car worth that amount of hassle

scoobyboy1

iTrader: (16)

I had a Hawk STi, so being worried about reliability was a daily occurrence

Funny as I always notice Audi A3's on the hard shoulder, and its part of the VAG group, so maybe there are problems, hopefully its the diesels!!

What sort of problems should I look out for on the Golf R??? its got DSG gearbox, so is that something that breaks often on them??? read on a forum a couple of sets of the upgraded 19"inch wheels breaking(mines got the free 18s)

MattyB1983

iTrader: (51)

I struggle to see how the above is possible.
So you're saying you can get a brand spanking new golf for just £199 per month for 2 years. And then once the 2 years is up you just hand the car back and walk away if you want. So the total outlay is just £4776.
How can any company offer that deal when the car would lose far more than that amount in depreciation ???

MattyB1983

iTrader: (51)

So the reasoning behind it is because you can spec it up just how you like it.....

Norman Dog

iTrader: (1)

http://www.hotukdeals.com/deals/vw-g...91-nvs-2013686

Surprisingly enough, doesn't seem to exist any more.

I would be tempted at that price.

Matteeboy

Good choice on the wheels!
Too early to report issued I reckon; some DSG boxes (more the earlier ones have been problematic but they're generally okay.

Mine's a rather different vehicle but still cost us enough that issues are annoying. To be fair, VW has generally been pretty good about them. I've got a years extra warranty out of them too.

hodgy0_2

You are assuming the leasing co pay list price

Luckyscoob

iTrader: (2)

It's set up on a 6 + 23. So, 6 months up front = £1194 plus 23 payments = £4577. Total payable is £5771

Not saying it's best for everyone but for my business running 6 cars it's works well for both convenience and financial efficiency.

This deal on the R is one of the best I've seen for a long time. How they do it I don't know but I'm happy to take advantage of it.

Another good deal we gave just done is on a brand new Mini Countryman cooper d with chilli pack and metallic for £165 per month over 2 years. Can't go wrong at that.

MattyB1983

iTrader: (51)

Good point.

MattyB1983

iTrader: (51)

I'll be honest, I'm surprised it's that cheap. I can only guess that these leasing companies are getting these cars at a huge saving, I'd of thought a new golf would depreciate by that amount in the first year alone.
Out of interest, How much does one of these Golf's cost to buy ??

Matteeboy

Around £30k.

scoobyboy1

iTrader: (16)

Basic model in red(any other colour you pay extra) with the standard 18s and no added options manual gearbox is £30k and with DSG gearbox £31.5K

You start spec-ing it up with 19s, in white with leather and a few extra options and you wont get much change out of £40k

Saxo Boy

This is something that bugs me as well. It's not even like I get close; when I look at 2nd hand cars it amazes me how many are poverty spec. I'll never get behind the wheel of an Audi/BMW/Merc that is anything short of fully loaded. I both like and actually use toys and yet so many people get cars with zero options just to achieve the lowest monthly.

This thread is a case in point: if I was getting a Golf R you can be sure it would have DSG (I do lots of miles), NAV (I need it), DCC, Keyless, 19" alloys, metallic paint, audio upgrade, high beam assist. I can understand that DSG is a preference and not everyone needs nav or wants the nice big screen that comes with it. However, high beam assist is like £140. How tight do you have to be not to spec that?!? For £140 you never have to fanny around dipping your lights in the 2/3 years of ownership.....er, sign me up.

Shaid

Whilst that scenario might work well for you calling folk who lease 'pathetic' just goes to show lack of knowledge on your side.

There are many reasons to lease.

- new car that (fingers crossed) will not break down in the three years you lease it
- no pissing about with mechanics and the ballache they bring
- as the car is not 'owned' by you it cannot be taken away from you
- you get a new car (nothing to do with bling, simply it's a fresh car with new bushes, new matching tyres, no smells from the interior and all the crap that goes with used cars)
- it is the sensible way of getting into a car you could not afford to buy outright

Furthermore the leasing charge is pretty much akin to depreciation and at the end of the lease just hand it back. If you've done extra miles you pay for them. Similarly if you own the car the extra miles will mean it's worth less.

ditchmyster

iTrader: (7)

I went through all this about 3 months back for the Mrs as all this sounded too good to be true with the Fiesta ST, the reality for me as a private individual was that I couldn't actually get anywhere near these quoted deals on a secondhand car never mind a new one, so I'm not sure how many people actually do get these deals.

Another two points that scare the hell out of me is when it comes to handing the car back if there are any body work issues and they want to charge for repairs or a full valet, also going over the agreed milage, many of which were 5k and as soon as you started saying 10k which still isn't that much in reality the prices took a hike.

I think it's all well and good if your going to tip toe around showing off to your mates, barely go anywhere for 2 yrs, never drive it up a curb, have some ****** open a door on it or push a shopping trolly into it, or in general USE it, especially the way my Mrs and 7yr old son do, dog, bmx, muddy boots, tip runs, 3/4 6 to 10 yr olds in the car after a day in sherwood forest, By the time it's been through that lot for 2 yrs it'll probably need a new interior and every panel replacing.

Matteeboy

If shelling out a load for a car, I'd just rather do it in one hit rather than the drip drip drip payments of lease (or PCP). I also really look after my cars/vans - the thought of lavishing attention (which I enjoy) on a rented car just isn't the same. And I can't get my head around paying for "nothing" - depreciation. I want to pay for an actual THING!

zip106

It's all down to personal circumstances I think.

Took me ages to get my head around leasing, but we've just taken one out.
After taking a reaming on depreciation on the last few cars I don't want it again, and I have no intention of keeping a car past 2/3 years. (With the exception of the Boxster)

Few years ago I had a bit of cash so bought a field by my house for £xxk.
Last week I received a letter from a horsey person in the next village asking if I want to sell - the offer was over double what I paid.

I could've bought a car outright with my cash but decided to HP it at the time (now paid for), if I'd have bought the car outright I wouldn't have been able to buy the land that has the potential to double it's money.

So we're now leasing, which has meant I'm about to buy another field...

The other positive about leasing - I pay an extra £30 per month and have full maintenance - the car goes for its 1200 mile service tomorrow and that would cost around £250-300.
Add the set of tyres each year and brakes at least once in the 3 years, plus at least one major service, it's extra money that doesn't need budgeting for.

We even get fuel at a massive discout too

You have to be comfortable with the concept though, and I agree it's not for everyone.

Luckyscoob

iTrader: (2)

It seems more recently that these deals have become available for personal leasing. We've leased cars for the last 14 years and you are right, up until recently a personal deal wouldn't get anywhere near. But this time around (we have just leased 3 cars for work) the personal deal was actuall only about £20 a month more than the business deal.

With regards to condition at the end of the term, generally you are 'allowed' a credit card size scratch/ding per panel (considered fair wear and tear) but this does vary massively from company to company. For example we had 2 mini coopers a few years ago and both went back with a few blemishes, a couple of curbed wheels and BMW said nothing. VW on the other hand arent at all reasonable. They've just inspected a POLO for us that doesnt have a mark on it apart from 2 lightly curbed wheels and they have charged us £70 at the end of the lease to repair/refurb them. Even the guy doing the inspection said its unfair.

To be honest I just drive them, wash them fairly regularly and the odd coat of wax as I like driving a clean car, and at the end if there is anything I think needs doing, I do it. No different to when I had my Hawk. if I had car park dings or scratches appear, I'd get them done and still have to pay for it. If anything I was alot more **** with my scoobs so they ended up costing me more. With the lease car I'm not so bothered. Extra mileage is generally 6p per mile. So £60 for a 1000 miles. Not that i've every been over as I get them on 10k a year and generally do 8k-9k.

RS Grant

I have also gone for Red... in 3dr and manual guise. I had a look round the R Forum, it seems Lapiz and White are by far the most popular colours, don't see many Red cars popping up on there anyway.


Correct Lucky, I've no idea how they managed it either. I actually started by looking around to see what my sister could replace her Polo GTi with.. and when I discovered that you could get a new R for c£200 per month and it wasn't 'too good to be true' for private buyers; she and I both ordered one.


You get general wear and tear allowances, but personally, I'm pretty **** with my cars so it'll unlikely be an issue for me. My deal is worked out on 10k per annum, which I'll be unlikely to do, but in the unlikely event of exceeding it. The penalty will be £60 per extra 1000 miles, which I can live with.


It's probably not for you to be fair... sounds like your cars get a fair old life of it Ditch!!


That was almost exactly my thought process and reasoning for going the lease route this time.


That's the approach I'm taking too. Yes it's not 'my' car, but its the car that will have my plate on it and be the car I use for 24 months.. so there's no reason not to treat it well, as long as you're comfortable with the knowledge that after two years; you'll not get your time or autoglym back..

But that's why it really isn't for everyone, there are a few mental obstacles which you need to get over before it would work for you. If you can't do that then you're best sticking to more traditional ways of financing a car.


Cheers,
Grant

ditchmyster

iTrader: (7)

I must confess that all my cars tend to get a hard life which is part of the reason I don't go for fancy motors, I have also had more new cars than I can remember through work and the shine has kind of worn off. I just want something that looks ok, goes well, has decent load space, reliable and costs as little as possible to run and maintain, awd is a bonus too, which is how I ended up with the WRX Wagon and I still think pound for pound it's un-beatable, even at a humble 260bhp performance wise it's still not vastly lacking when compared to the current crop of hot hatches, throw £5k at it as I intend to do over the coming years and take it to around 400bhp and it's bye, bye most things on the road.

Matteeboy

I bet the newer cars cost much less to tax, insure and service though.
It's not all about being a flashy ****.

The modern crop of hyper hatches actually don't cost much to run. There's obviously depreciation but if you have the funds available, why not?

ditchmyster

iTrader: (7)

Mine is in the £270 tax band, and I do the servicing myself. New cars have to go to the main dealer twice a year to get the stamp and even at a specialist your talking the best part of £200 just for an oil change, I know some cars have longer service intervals but I wouldn't leave oil in a car for more than 6 months. As you and others say depreciation is also a factor, mine has lost next to nothing in 3 years, your average £30k car will lose around 30/40% in that time maybe more.

I'm not saying people shouldn't do it if it floats your boat then fine by me, someones got to buy these new cars so the rest of us can have them a few years later at a fraction of the cost.