MK5 Golf GTI
General => Random Chat => Topic started by: Shorty on January 15, 2014, 11:20:03 am
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As above, my mate just showed me this. Gateway2Lease offering a pretty good lease on brand new Golf Mk7 R's.
24 month contract
6 months deposit followed by 23 months payments
Maintained (tyres, servicing)
10,000 miles a year
£293 a month.
Think that's a pretty good deal for a brand new Mk7 R?
Anyone tempted or seen any other deals?
http://www.gateway2lease.com/z_volkswagen_golf_2.0tsir3dr-fullymaintained_15110_leasing.php#.UtZpQnggHCQ
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that sounds very good when you compare the rate against an octavia vrs, focus st or s3 :party: :party:
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It's £306 a month for a DSG model.
Very good considering thus a fully maintained contract, includes tax too. So all you have to do is insure and fuel it.
Cheap way to own a £30k Golf R.
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So after 3 years youve spent 11K and have nothing to show for it. :stupid:
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So after 3 years youve spent 11K and have nothing to show for it. :stupid:
After 3 years the car will be worth 11k less.
So you will have the cash you sell your current car for in the bank, you can go out and buy a mk7 golf gti.
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So after 3 years youve spent 11K and have nothing to show for it. :stupid:
After 3 years the car will be worth 11k less.
So you will have the cash you sell your current car for in the bank, you can go out and buy a mk7 golf gti.
Eh?
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So after 3 years youve spent 11K and have nothing to show for it. :stupid:
After 3 years the car will be worth 11k less.
So you will have the cash you sell your current car for in the bank, you can go out and buy a mk7 golf gti.
Eh?
You sell the ed30 bank the cash. Go get a lease car. Yes you pay 11k over 3years but you still have the cash from the sale of the ed30.
It's all relative,
If you go buy a mk7 gti pay 11k over 3years the car is still only worth the loan you have on it.
Obviously the best way is not to buy the car lol.
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So after 3 years youve spent 11K and have nothing to show for it. :stupid:
After 3 years the car will be worth 11k less.
So you will have the cash you sell your current car for in the bank, you can go out and buy a mk7 golf gti.
sorry but that doesn't add up
you have to pay the lease £11k
so if Rich sells the ED30 for £11k he uses all of that for the lease payments and has nothing at the end
or he keeps the ED30 and in 3 years time has over £5k should he sell
Eh?
You sell the ed30 bank the cash. Go get a lease car. Yes you pay 11k over 3years but you still have the cash from the sale of the ed30.
It's all relative,
If you go buy a mk7 gti pay 11k over 3years the car is still only worth the loan you have on it.
Obviously the best way is not to buy the car lol.
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So after 3 years youve spent 11K and have nothing to show for it. :stupid:
After 3 years the car will be worth 11k less.
So you will have the cash you sell your current car for in the bank, you can go out and buy a mk7 golf gti.
sorry but that doesn't add up
you have to pay the lease £11k
so if Rich sells the ED30 for £11k he uses all of that for the lease payments and has nothing at the end
or he keeps the ED30 and in 3 years time has over £5k should he sell
Eh?
You sell the ed30 bank the cash. Go get a lease car. Yes you pay 11k over 3years but you still have the cash from the sale of the ed30.
It's all relative,
If you go buy a mk7 gti pay 11k over 3years the car is still only worth the loan you have on it.
Obviously the best way is not to buy the car lol.
You are looking at it differently to what I was trying to explain. I was comparing buying a new mk7 gti vs leasing. Like I said in the next post, not buying is the cheapest option.
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Wow, thats a fantastic deal.
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Firstly you never actually own the car. While some are OK with that I am very fond of being able to say "something's mine".
As Rich said after 2 years you have NOTHING. You're basically renting a car.
10k a year is simply not enough for the average person who does 200 miles a week that is already 10,400 miles .
The reason they're doing it is simple, it's happening to loads of cars, 135m, BMW M5 F60 or whatever it is (the new stupid one) , Merc AMGs, it's so that in 2 years the market is flooded with fully dealer serviced models with 20k or less on the clock that can easily be flogged on in car dealerships.
If you had NO car now and wanted a new car it would be worth considering but if you have a car already you're basically paying for a really expensive taxi service .
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Firstly you never actually own the car. While some are OK with that I am very fond of being able to say "something's mine".
As Rich said after 2 years you have NOTHING. You're basically renting a car.
10k a year is simply not enough for the average person who does 200 miles a week that is already 10,400 miles .
The reason they're doing it is simple, it's happening to loads of cars, 135m, BMW M5 F60 or whatever it is (the new stupid one) , Merc AMGs, it's so that in 2 years the market is flooded with fully dealer serviced models with 20k or less on the clock that can easily be flogged on in car dealerships.
If you had NO car now and wanted a new car it would be worth considering but if you have a car already you're basically paying for a really expensive taxi service .
Its no different to most PCP agreements. Except they usually cost more, with bigger deposits. The money you spend on leasing it, will be comparable to the depreciation (well, a little higher) but these companies buy in bulk to receive competitive discounts. Its not an issue, you are not looking at it in the right way.
Also, the mileage can be adjusted. You have to just ask for a quote.
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Who was your mate Dave :laugh: A car is a depreciating asset, so what we are looking at here is the way you manage that loss :jumpmove:
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Firstly you never actually own the car. While some are OK with that I am very fond of being able to say "something's mine".
As Rich said after 2 years you have NOTHING. You're basically renting a car.
10k a year is simply not enough for the average person who does 200 miles a week that is already 10,400 miles .
The reason they're doing it is simple, it's happening to loads of cars, 135m, BMW M5 F60 or whatever it is (the new stupid one) , Merc AMGs, it's so that in 2 years the market is flooded with fully dealer serviced models with 20k or less on the clock that can easily be flogged on in car dealerships.
If you had NO car now and wanted a new car it would be worth considering but if you have a car already you're basically paying for a really expensive taxi service .
Its no different to most PCP agreements. Except they usually cost more, with bigger deposits. The money you spend on leasing it, will be comparable to the depreciation (well, a little higher) but these companies buy in bulk to receive competitive discounts. Its not an issue, you are not looking at it in the right way.
Also, the mileage can be adjusted. You have to just ask for a quote.
Exactly, if anyone is after a brand new Golf R then this is a very good way of owning one.
You could get a PCP deal and put down a big depo then after 3 years have a massive balloon payment in which case a lot of people give the car back and start again anyway.
Even if i had 30k in the bank and wanted one of these I'd probably still get one through a lease deal like this and keep my money in the bank.
Worked out it would cost £8500 over 2 years to own one, that's tax'd and maintained too remember..
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Yeah that's it lad.
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Yeah that's it lad.
Can see you in one of these big boy. :love:
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Yeah that's it lad.
Can see you in one of these big boy. :love:
I'll have a mooch around one when they are out! Leasing is the way I'll be going in 2 years or so when I sell the Eddy.
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I like the idea of leasing but paying money to rent a car I am not so sure about as you have nothing to show for it after lease is up as you never own it.
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It's not for everyone, but think of it like this. I'm using joke figures to illustrate a point, but bare with me..
You've got £30k.
You buy a car for £30k cash.
You lease a car for £10k over 2 years and keep £20k in the bank.
At the end of 2 years, the car has depreciated £10k. So, the thing you have 'to show for it' is £20k tied up in a depreciating asset. If you sell it, you get £20k and put it in the bank, putting you in exactly the same position as the leaser.
Either way you've had the use of a car for 2 years, and that costs money.
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I will point out this isn't a hard and fast rule. BMW/VW/Merc/etc are heavily subsidising cars to get volume out for 2nd hand sales on their forecourts in a couple of years, where they'll bump the price and stiff someone with a high APR deal. So play the game and you get a lot of car for very little money.
Kia et-al won't do this, the last thing they want is your worthless car coming back.
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Firstly you never actually own the car. While some are OK with that I am very fond of being able to say "something's mine".
As Rich said after 2 years you have NOTHING. You're basically renting a car.
10k a year is simply not enough for the average person who does 200 miles a week that is already 10,400 miles .
The reason they're doing it is simple, it's happening to loads of cars, 135m, BMW M5 F60 or whatever it is (the new stupid one) , Merc AMGs, it's so that in 2 years the market is flooded with fully dealer serviced models with 20k or less on the clock that can easily be flogged on in car dealerships.
If you had NO car now and wanted a new car it would be worth considering but if you have a car already you're basically paying for a really expensive taxi service .
Its no different to most PCP agreements. Except they usually cost more, with bigger deposits. The money you spend on leasing it, will be comparable to the depreciation (well, a little higher) but these companies buy in bulk to receive competitive discounts. Its not an issue, you are not looking at it in the right way.
Also, the mileage can be adjusted. You have to just ask for a quote.
The reason they are so CHEAP is because they are such a low mileage.
Get a quote for one at 15k a year.
:happy2:
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The lease on 15k miles p/a is directly proportional to the depreciation effect of doing 30k in 2 years compared to 20k.
The value of your private car suffers in exactly the same way.
I find this an odd argument.
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In some ways I might be better off PCPing cars as its 100% tax deductible. Would mean selling the eddie tho :sad1:
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Yes Tony has illustrated it very well. Your just managing a loss at the end of the day, its a bloody good way of "owning" a £31k without paying £31k if that makes sense :laugh:
It isn't for everyone.
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It's not for everyone, but think of it like this. I'm using joke figures to illustrate a point, but bare with me..
You've got £30k.
You buy a car for £30k cash.
You lease a car for £10k over 2 years and keep £20k in the bank.
At the end of 2 years, the car has depreciated £10k. So, the thing you have 'to show for it' is £20k tied up in a depreciating asset. If you sell it, you get £20k and put it in the bank, putting you in exactly the same position as the leaser.
Either way you've had the use of a car for 2 years, and that costs money.
Let's be honest, though. Most people who do this DON'T have the £30K in the bank they just want everyone to think they own a brand new £30K car, when in fact they couldn't actually afford one!
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Let's be honest, though. Most people who do this DON'T have the £30K in the bank they just want everyone to think they own a brand new £30K car, when in fact they couldn't actually afford one!
Absolute rubbish....
How about those people with 30k plus plenty more in the bank, let's take a premiership footballer or someone in top flight business for example, do you honestly believe they are dropping 250k cash into the latest supercar to run around in for 6 months and lose a load on a fast depreciating assest? I think not....
Let's take Shrek Rooney for example, in your eyes if he rents a 100K range rover for a year he's only doing it because he can't afford to buy it cash, highly unlikely :grin:
Lower down the scale for joe normal, a colleague at work has just leased a Renault captur for 2 years as a second family runaround, list price is £16K and I know for a fact he could have dropped the cash for it but he's smart with his money so rented it for basically the cost of the depreciation over 2 years, why throw your capital into something if your money can work for you better elsewhere? Cash is hard to come by, cheap credit isn't t :wink:
I'd like to throw this out there, are you a homeowner? Did you save up to buy your 250K home with cash or do you have a mortgage and just making everyone think you can afford the house..?
And if mortgaged and you believe you 'own' your house, stop making payments and I'll give it 6 months before you find out who really owns it :wink:
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All relevant guys and a great deal I would never buy a new car again, but on the other hand if you map it or mod it keep the parts to put back on it because it's not your car ;)
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That footballer analogy is crap. They're nearly all thick as pigsh*t and would definitely go out and splash all that cash on a car if they didn't have an expensive accountant advising them not to. Plus, they could afford to give the car away to a relative afterwards rather than hand it back, as they make so much money these days!
I am a homeowner, yes. And a car owner, not renter. I do have a mortgage on my 4 bed detached house, but it is less than 10% of the house's value and the only reason I've not paid it off is because of the rate of interest I'm paying is so low (0.5% above base rate) that I reckon I'm better off keeping it going. It can only help my credit score, even though I don't currently have (or want) any...
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Let's be honest, though. Most people who do this DON'T have the £30K in the bank they just want everyone to think they own a brand new £30K car, when in fact they couldn't actually afford one!
Absolute rubbish....
How about those people with 30k plus plenty more in the bank, let's take a premiership footballer or someone in top flight business for example, do you honestly believe they are dropping 250k cash into the latest supercar to run around in for 6 months and lose a load on a fast depreciating assest? I think not....
Let's take Shrek Rooney for example, in your eyes if he rents a 100K range rover for a year he's only doing it because he can't afford to buy it cash, highly unlikely :grin:
Lower down the scale for joe normal, a colleague at work has just leased a Renault captur for 2 years as a second family runaround, list price is £16K and I know for a fact he could have dropped the cash for it but he's smart with his money so rented it for basically the cost of the depreciation over 2 years, why throw your capital into something if your money can work for you better elsewhere? Cash is hard to come by, cheap credit isn't t :wink:
I'd like to throw this out there, are you a homeowner? Did you save up to buy your 250K home with cash or do you have a mortgage and just making everyone think you can afford the house..?
And if mortgaged and you believe you 'own' your house, stop making payments and I'll give it 6 months before you find out who really owns it :wink:
Not disagreeing in what you are saying about home ownership and mortgages Beddie - 99% of us homeowners have mortgages and is a fact of life that most people couldn't own a home without one. Its not fair to compare having a mortgage and leasing a car as you are unlikely to "buy" a new house every 2 years.
I think the point Simponp was making were about people who cannot afford a new, top of the range car yet like to give the impression they can and not only that, they could afford a new, top of the range car every 2-3 years. I know plenty of people like this - they don't lease cars because they have calculated the cost benefits, they do it because its an affordable way for them to drive (not own) a new top of the range car.
Rich
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If I wanted a £30k car, I'd use one of these schemes. It makes better financial sense to finance only the depreciation (£11k), rather than the whole £30k.
The remaining £19k can sit in my offset mortgage, so I pay less in mortgage interest. Win win.
But, actually, I don't want to blow even £11k in three years on depreciation, so I'll stick with my Mk5 and invest the £11k on something that'll be worth more than £11k in 36 months time rather than zero.
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It's worth pointing out that within the thread some people think it's over 3yrs but the advert is based on 2yrs.
If it was 6 months advance + 23 payments over three years term I'd be signing up today.
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You may not be able to afford a £30k car but you must still have a reasonable amount of disposable income to lease a high performance car eg BMW M5 is still going to cost you circa £500.00 pcm. If you have that money burning a hole in your pocket its a great way to drive round in a £70-80k car.
Plus, if you have it on a 2 year lease you dont have to worry about buying tyres for it or MOT'ing just give it back.
I dont think this argument is black and white - you have to accept that there are shades of grey - ie everyones personal circumstances, and indeed personal preferences mean that leasing for some will make sense and for others it wont.
Look at the lease deals on a new Skoda Octavia vrs for example - if you want the tdi saloon version can be had for less than £200.00 per month -- now at that price how on earth does it make it more sensible to buy it? It doesn't unless you think you will love the car so much that you will want to own it for 8-10 years, like some people on here will end up doing with their Mk5 Golfs :happy2:
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Let's be honest, though. Most people who do this DON'T have the £30K in the bank they just want everyone to think they own a brand new £30K car, when in fact they couldn't actually afford one!
As others have said, this is clearly rubbish. I could have bought my ED30 outright but at the time, changing to a new car every three years seemed more sensible. The only problem is that I fell in love with the ED30, couldn't bear to part with it and wasn't impressed by the MK6. In hindsight, knowing I was going to keep the car, it would have been better to have just purchased it outright.
I could go out today and drop £35k on a MK7 Golf R. I've toyed with the idea. I've also toyed with the idea of PCP again but this time actually to change it after three years. Leasing an M5 is fine provided you can afford the running costs. I know someone who had to get after six months because they couldn't afford the running costs - things like brake discs and pads were much higher than he'd anticipated.
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It's a very interesting thread, also depends whether you want to own a brand new car or not, or prefer used. Added benefits with new is warranty and the fact its BRAND NEW. So the maintenance pack with that R is superb tbh, tyres, servicing and tax included.
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why dont we all enter pact and go for the deal and then we can compare our experiences after 2 years of ownership and whether we would, in hindsight, ever consider leasing again. Go....
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why dont we all enter pact and go for the deal and then we can compare our experiences after 2 years of ownership and whether we would, in hindsight, ever consider leasing again. Go....
If I wasn't buying a house this year, I'd jump on that Golf R deal now TBH.
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dont talk to me about houses buddy, my buyer has just dropped out with me already having spent over £400.00 on house going to buy but the survey has come back with about £7k of work needing doing too
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dont talk to me about houses buddy, my buyer has just dropped out with me already having spent over £400.00 on house going to buy but the survey has come back with about £7k of work needing doing too
Ha, doh!
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To get a nice sporty car nowadays is bloody expensive, even family style newish Hot hatches are out of range for the majority of Joe public. These deals are realistically the only way you can get these cars new unless you commit to a decent size loan over 4 or 5 years which is a long time to be paying off a car and watch it depreciate every morning you wake up. And lets face it most of us get itchy feet and start looking for something new and shiny after 18 months.
These deals are great as long as you go in with your eyes wide open. Remember you are hiring the car and have to pay for all scratches and dings just like when you hand back a weekend renter, so two years of scrapes if you are unlucky could be costly. :innocent: Also you need to take a really good luck at what you are going to be doing over the next two years. You might have a job just around the corner presently but if you get laid off and have to drive further for work you could come unstuck and be paying an awful lot for extra miles.
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Does Wigit lease his cars as he changes his every 4 months when Vw bring something more shiny then the last?
Might be worth asking him why and how he's goes about it.
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Good points Top cat!
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Does Wigit lease his cars as he changes his every 4 months when Vw bring something more shiny then the last?
Might be worth asking him why and how he's goes about it.
Think he buys them as he mods the hell out of them and does sell the car after he has used it
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Does Wigit lease his cars as he changes his every 4 months when Vw bring something more shiny then the last?
Might be worth asking him why and how he's goes about it.
Wonga
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:signLOL:
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It's not for everyone, but think of it like this. I'm using joke figures to illustrate a point, but bare with me..
You've got £30k.
You buy a car for £30k cash.
You lease a car for £10k over 2 years and keep £20k in the bank.
At the end of 2 years, the car has depreciated £10k. So, the thing you have 'to show for it' is £20k tied up in a depreciating asset. If you sell it, you get £20k and put it in the bank, putting you in exactly the same position as the leaser.
Either way you've had the use of a car for 2 years, and that costs money.
Let's be honest, though. Most people who do this DON'T have the £30K in the bank they just want everyone to think they own a brand new £30K car, when in fact they couldn't actually afford one!
75% of Porsches and BMW are leased or PCP's.
Buying a car with cash outright ie not a loan, not bunged on your mortgage is stupid anyway unless you actually are that filth rich. Why would you tie up all that money into a depreciating asset when you could use your cash to invest in something.
This is why even the rich Porsche owners, lease etc their cars.
HP or buying the car outright in whatever fashion only makes sense if you plan on keeping the car long term ie 6+ years.
If you buy a new car every 2-3 years and you buy from the higher end of the market, it makes more sense to lease.
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It's not for everyone, but think of it like this. I'm using joke figures to illustrate a point, but bare with me..
You've got £30k.
You buy a car for £30k cash.
You lease a car for £10k over 2 years and keep £20k in the bank.
At the end of 2 years, the car has depreciated £10k. So, the thing you have 'to show for it' is £20k tied up in a depreciating asset. If you sell it, you get £20k and put it in the bank, putting you in exactly the same position as the leaser.
Either way you've had the use of a car for 2 years, and that costs money.
Let's be honest, though. Most people who do this DON'T have the £30K in the bank they just want everyone to think they own a brand new £30K car, when in fact they couldn't actually afford one!
75% of Porsches and BMW are leased or PCP's.
Buying a car with cash outright ie not a loan, not bunged on your mortgage is stupid anyway unless you actually are that filth rich. Why would you tie up all that money into a depreciating asset when you could use your cash to invest in something.
This is why even the rich Porsche owners, lease etc their cars.
HP or buying the car outright in whatever fashion only makes sense if you plan on keeping the car long term ie 6+ years.
If you buy a new car every 2-3 years and you buy from the higher end of the market, it makes more sense to lease.
I agree with Poverty. Buying makes sense if you keep your cars for a long time or you can afford to pay cash for it so are not paying any interest.
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Yeap I agree too, if you're looking for older cars which have plateaued usually around 3/4 years and plan on keeping it for another 2 years, buying outright isprobably the best way For a new car, its a no brainer, leasing all day... I'd even suggest leasing if looking for a 1 year old car that you plan on keeping for 2 or so.
New Golf 7R for £300 a month with no maintenance worries. :party:
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Does Wigit lease his cars as he changes his every 4 months when Vw bring something more shiny then the last?
Might be worth asking him why and how he's goes about it.
Wonga
Then you have more money then sense :grin:
Lucky to be in that position if you buy your cars outright.. But I wouldn't wanna calculate how £1000's you've lost in depreciation by changing your cars like you have.
But good for you if your in that position that 90% of peeps aren't . :sad1:
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I like the idea of getting a new R on lease but much prefere the idea of an older car being mine to do what i want with
I think for general use lease is a great idea but for the enthusiast buying / bank loan is better idea
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Yeap I agree too, if you're looking for older cars which have plateaued usually around 3/4 years and plan on keeping it for another 2 years, buying outright isprobably the best way For a new car, its a no brainer, leasing all day... I'd even suggest leasing if looking for a 1 year old car that you plan on keeping for 2 or so.
New Golf 7R for £300 a month with no maintenance worries. :party:
Don't forget the 6 x £300 up front , about another £80pm split over 24 months = £380pm = £8700 approx for 2 years motoring :innocent:
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Does Wigit lease his cars as he changes his every 4 months when Vw bring something more shiny then the last?
Might be worth asking him why and how he's goes about it.
Wonga
Then you have more money then sense :grin:
Lucky to be in that position if you buy your cars outright.. But I wouldn't wanna calculate how £1000's you've lost in depreciation by changing your cars like you have.
But good for you if your in that position that 90% of peeps aren't . :sad1:
Steve it was a joke. He meant Wonga, the stupid loan company who charge 3567%APR
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Does Wigit lease his cars as he changes his every 4 months when Vw bring something more shiny then the last?
Might be worth asking him why and how he's goes about it.
Wonga
Then you have more money then sense :grin:
Lucky to be in that position if you buy your cars outright.. But I wouldn't wanna calculate how £1000's you've lost in depreciation by changing your cars like you have.
But good for you if your in that position that 90% of peeps aren't . :sad1:
Steve it was a joke. He meant Wonga, the stupid loan company who charge 3567%APR
It's now 3842% APR :laugh:
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I had a new mk6 R for six months lost interest at 500 miles and sold it losing £3200 or £540 per month depreciation. hope this helps
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Does Wigit lease his cars as he changes his every 4 months when Vw bring something more shiny then the last?
Might be worth asking him why and how he's goes about it.
Wonga
Then you have more money then sense :grin:
Lucky to be in that position if you buy your cars outright.. But I wouldn't wanna calculate how £1000's you've lost in depreciation by changing your cars like you have.
But good for you if your in that position that 90% of peeps aren't . :sad1:
Steve it was a joke. He meant Wonga, the stupid loan company who charge 3567%APR
It's now 3842% APR :laugh:
its actually 5853%
And if you decided to borrow £35000 for 2years you would pay back £4,097,100 or £170,712 a month
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It's horses for courses isnt it and its an argument that will go on as long as the ED30 Vs R32 debate lol.........I never thought I'd entertain a PCP but my mate got a new 11 plate 3 series m-sport diesel the same time I bought my 6yr old Mk5 gti, his deposit was very similar to the one I put down on the golf and his payments were only around £20-30 more a month more, by the time I traded my golf in when we added up depreciation, running costs and finance payments my golf had cost me nearly as much as his BMW at the same point!!! Fair enough I got some cash back towards my next car but he goes next month to choose his brand new BMW.
Cars hemorrhage money regardless it's just up to you how you do it and what you want from it.
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I'm sorry but i can't believe the above from swgti :innocent:
In two years your mate would nearly have paid as much in payments as your car cost to buy , you would have got back at least half what you paid for it in 2 years ??
Your mate will need to find another upfront payment to get his new BMW too ??
You'll need to explain more to convince me :smiley:
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I'm sorry but i can't believe the above from swgti :innocent:
In two years your mate would nearly have paid as much in payments as your car cost to buy , you would have got back at least half what you paid for it in 2 years ??
Your mate will need to find another upfront payment to get his new BMW too ??
You'll need to explain more to convince me :smiley:
I did the same calculations for my sister once, pcp vs buying outright on a polo.
Pcp did work out more expensive over 6 years, by like 2k, but she would have had two new cars vs the 1 bought outright.
Although you could argue you would get some of that money back via less maintaince as the pcp car will always be in warranty.
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I'm sorry but i can't believe the above from swgti :innocent:
In two years your mate would nearly have paid as much in payments as your car cost to buy , you would have got back at least half what you paid for it in 2 years ??I hadn't paid for my car outright by this point, i worked out what it'd cost me in deposit, finance payments, maintenance and repairs and then what I was given as trade in, divide that by the time I had it gave me a similar deposit and a monthly figure very similar to what he was paying each month.
Your mate will need to find another upfront payment to get his new BMW too ?? Not as far I am aware he doesn't as long as he stays with the same dealer, not sure if the agreed amount he gets for his car on trade in then allows for cash to be put towards the new deal.
You'll need to explain more to convince me :smiley:
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One thing I would check if going for this deal is how much less it would be without maintenance. 20k miles won't require much in regards to tyres and servicing unless you drive like a tit everywhere. 1 set of tyres and an oil and filter change will be around £750 if you shop right. If it's a car for the wife (which is what I do) then I wouldn't go near maintenance on a low mileage lease, all the car will need is an oil change over 2 years.
TC - yes you will need to get any repairs sorted when the car goes back, but if you spanked a kerb or scuffed the lotus on a post, would you just leave it or get it repaired?!?! :confused: I can't see how that is any different to be honest, unless of course you run round in a £500 sh*tter?
The wife changes her Citroen C3 this week for a A1 S-line (both on lease) and we have just had 2 big scuffs smart repaired on the back bumper (whole bumper sprayed), whole side skirt painted, bottom of the passenger door filled and sprayed and also the mirror cap. £350 all in and a cracking job too believe it or not. Either way the car goes straight to auction.
You just need to make sure that you don't give the lease company any reason to bend you over for any repairs (scratches, dents, chips in windscreen etc). That's where they'll get money back if you're not careful.
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I agree with everything you mention Ben. Lots of people might not get their cars tidied up though because they think they can just swap it for a new one 2 years later. As long as you know what these deals are all about then i don't see any problem with them. :happy2:
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I agree with everything you mention Ben. Lots of people might not get their cars tidied up though because they think they can just swap it for a new one 2 years later.
More fool them then. They just better get lubed up though for when the repair bill drops.. :booty: :surprised:
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They punish the ignorant, lazy and foolish. Play the game and you're ok.
Likewise I wouldn't touch a maintained lease, unless it's for business and you're doing 30k p/a.
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One thing I would check if going for this deal is how much less it would be without maintenance. 20k miles won't require much in regards to tyres and servicing unless you drive like a tit everywhere. 1 set of tyres and an oil and filter change will be around £750 if you shop right.
I sincerly trust you would change the oil more frequently than 20k miles on a Golf R!!! :sick:
When you've finished with it, that said Golf R will surely be bought by an enthusiast who will more than likely visit forums like this asking for a detailed history . . . . :sad1:
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Look who's back :signLOL:
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One thing I would check if going for this deal is how much less it would be without maintenance. 20k miles won't require much in regards to tyres and servicing unless you drive like a tit everywhere. 1 set of tyres and an oil and filter change will be around £750 if you shop right.
I sincerly trust you would change the oil more frequently than 20k miles on a Golf R!!! :sick:
When you've finished with it, that said Golf R will surely be bought by an enthusiast who will more than likely visit forums like this asking for a detailed history . . . . :sad1:
I personally would only service it when it requires a service and no sooner than that. My last 6 cars have all been leased and all been serviced when the service intervals require it. People who want to service their cars every 5-10k are more than welcome, but I honestly don't see the point tbh. If they want to spend their hard earned on servicing their car more often than needed on the hope that an 'enthusiast' buys said car in the future and keep him happy, then fair play to them :stupid:
My cars have always been warmed up correctly and had everything they have needed with no expense spared. However, they only get serviced when they require it.
All have done between 80-110k in 3 years and none have ever had any mechanical failures or unhealthy running issues. That all being said - my cars spend a lot of their life on the motorway and rack up the miles pretty quickly. So if it were to be a car that did 5k a year, then it would be a completely different story and they would be serviced once a year.
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^ I agree. These engines are still sweet at 150k miles when the bodywork has rotten away. And that's servicing in accordance with the handbook - not more often :happy2:
Let's be honest, if you had an "R" on long life service plan and you are getting 20k miles between services (maximum possible with longlife) then your not driving it hard enough :stupid: