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Car Leasing for 2nd car
#1542474
23/06/2015 14:01
23/06/2015 14:01
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Joined: Mar 2007
Posts: 1,525 Nuneaton, Warwickshire
JLow75
OP
My life on the forum
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OP
My life on the forum
Joined: Mar 2007
Posts: 1,525
Nuneaton, Warwickshire
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For years now, in addition to my main motoring interest the Coupe! I have been getting by driving around in £1000 - £1500 10 year+ old used cars for a 2nd car & I'm getting a bit tired of having to maintain two cars etc. I am a low-mileage per year urban/town driver (less than 10'000 miles) & use the second car for a 5 mile drive to work, shopping, fetching & ferrying my niece around etc etc I have just had a promotion + a decent pay rise, so I thought this may be the opportunity to enjoy something newer. I have no interest whatsoever in funding a new car via finance or a bank loan etc, I have been considering a personal lease scheme - which seem to be getting very good value recently & more & more popular. Yes I know you are basically 'renting a car out' but for what I want it looks like I could get something for less than £100 a month. I know you will never own the car - but with the mass depriciation I wouldn't want to own it anyway! - I already own my perfect car - a Fiat Coupe but obviously you have no worry of reliability, maintaining the car, breaking down etc & of course the opportunity to drive a brand new car! (which I have never done in my entire life & I'm 40 years old) a rough quote I looked at was a Citroen C1 1.2 Flair 5 door initial down payment of about £700, then £89 per month inc road tax. I wouldn't have a problem with a 3 year lease. so basically I am asking - does anyone on here lease their 2nd car?, is it a good option for my requirements. Are these quotes true or are there always extra costs on top? Can anyone recommend any good value/service companies? - or ones to avoid! Sorry I don't know much about it having never looked into it! Thanks in advance
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Re: Car Leasing for 2nd car
[Re: JLow75]
#1542480
23/06/2015 15:17
23/06/2015 15:17
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Joined: Mar 2007
Posts: 1,525 Nuneaton, Warwickshire
JLow75
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Nuneaton, Warwickshire
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Cheers, yes 8K miles would be perfect. All my UK road trips away are done in the Coupe of course Yes I know servicing & wear & tear items are extra - but same as any new car you buy. I currently drive a 2004 1.6 Zetec Fiesta for my daily use, which isn't that good on fuel round town (about 34mpg) & tax is £100 for 6 months. I've only had it 10 months & its cost me nearly £400 in maintanance & repairs already & I don't have time to maintain 2 cars I'm trying to do my house up. Seriously considering it if I can get something suitable for under £100 a month
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Re: Car Leasing for 2nd car
[Re: JLow75]
#1542481
23/06/2015 15:25
23/06/2015 15:25
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Joined: Sep 2006
Posts: 8,960 west bromwich
coupedummy
Je suis un Coupé
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Je suis un Coupé
Joined: Sep 2006
Posts: 8,960
west bromwich
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Usually there's an arrangement fee also. If going for that car i would go for something like this https://www.vehiclesavers.com/car-leasing/citroen/c1-airscape-hatchback/1.2-puretech-feel-5dr.htmlOnly 1 month down which is your first payment then another 17 at £119. I would have a lease car but not for that duration of three years. Your payments stay exactly the same as the car value continually decreases. The above link you pay £2142 over the term for the lease which is likely less than the depreciation occurred in 18 months. Thats how i would make it work for me.
Last edited by coupedummy; 23/06/2015 15:26.
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Re: Car Leasing for 2nd car
[Re: JLow75]
#1542482
23/06/2015 15:36
23/06/2015 15:36
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Joined: Mar 2007
Posts: 1,525 Nuneaton, Warwickshire
JLow75
OP
My life on the forum
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OP
My life on the forum
Joined: Mar 2007
Posts: 1,525
Nuneaton, Warwickshire
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Yes - examples of different deals exactly what I'm looking for thanks No, not that particular car - that was just an example of what would suit my needs for my monthly budget etc. Not a bad spec either for that class/lease price - A/C, Bluetooth, DAB etc If I was going to go into the £120 a month bracket prob go for the new Fiesta. I'd be happy to put down more than 1 month down in return for £100 a month or lower.
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Re: Car Leasing for 2nd car
[Re: JLow75]
#1542551
24/06/2015 02:36
24/06/2015 02:36
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dlongstaff
Unregistered
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dlongstaff
Unregistered
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I'm not clued up on this at all, so you might be aware and know more about this. I was surprised that my colleagues friend who had leased a Fiat 500 had to MOT it before returning the vehicle at the end of three year lease. This may be common practice? and probably not a problem on a three year old car. Obviously she was happy enough, to take another lease.
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Re: Car Leasing for 2nd car
[Re: DanTheManc]
#1542557
24/06/2015 09:10
24/06/2015 09:10
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Joined: Mar 2007
Posts: 1,525 Nuneaton, Warwickshire
JLow75
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OP
My life on the forum
Joined: Mar 2007
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Nuneaton, Warwickshire
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Cheers, but bit more than I want to spend per month & performance isn't on the radar at all (I have my performance vehicle ) My choice will be all about economy (50mpg + ), low insurance & a few toys will be a nice bonus 99% of this vehicles use will be 5 mile journeys or less in a very congested town, & alot carrying a 6 year old. oh & must be 5 door I will take a look at other vauxhalls though if price is right
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Re: Car Leasing for 2nd car
[Re: ]
#1542558
24/06/2015 09:23
24/06/2015 09:23
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Joined: Dec 2005
Posts: 5,895 2011 and 2015 FCCUK F1 Champ.
bezzer
Forum is my life
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Forum is my life
Joined: Dec 2005
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2011 and 2015 FCCUK F1 Champ.
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I have a Swift on PCP. I'm now into my 2nd year. 9000 miles a year, deposit of £500 and a monthly repayment of £118. When it went in for it's first service the salesman said I could swap it for a brand new one if I wanted to. Unfortunately they could only offer me a 3 door Swift. at the moment I still need a 5 door. After the 3 years I'm going to get a Swifty Sport. Salesman quoted me £149 a month. There are some good deals out there at the moment, if you want to a Fiat to keep your Coupe company, how about a 500 Pop 1.2 £119 deposit and £119 a month.
......My Boy...... (PB #7)
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Re: Car Leasing for 2nd car
[Re: JLow75]
#1542577
24/06/2015 11:21
24/06/2015 11:21
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Joined: Dec 2005
Posts: 1,676 Didcot - Oxon
RusH
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My life on the forum
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Posts: 1,676
Didcot - Oxon
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On the Corsa deal it's 5000 miles PA - is that enough?
I pay £380 all in on my Scirocco TDi with unlimited milage, servicing, repairs, MOT's and insurance. That's over three years.
Challenge for me is that I'm bored of it already (1 year left) and want to change it. I don't have the option until after the three years.
That's over £13K I will have spent for the three years term, after which I simply give the car back.
Whilst it's lovely to have a brand new car, my thought process is that for the money, would it have been better to have just taken a loan and purchase a car out right.... That way I can change it when I want, coupled with the fact that I will have an asset (albeit depreciating) to show for the £13K I will have spent.
It worked for me at the time, but i'm not sure I will do it again at the renewal date..
Coupe now sold!
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Re: Car Leasing for 2nd car
[Re: RusH]
#1542596
24/06/2015 13:47
24/06/2015 13:47
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Joined: Aug 2007
Posts: 869 Germany
neil_r
Enjoying the ride
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Enjoying the ride
Joined: Aug 2007
Posts: 869
Germany
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That's over £13K I will have spent for the three years term, after which I simply give the car back. Interesting real-world figures. It looks like one can buy a nearly new one for about 20k. A 3 year old one sells for 10-12k. Balance running costs and remove trade-in value and you have you 13k. It does not really very much different value than buying outright.
1997 20V 2000 V6 manual S-Type and 2011 5.0 XKR 2016 Tucson 1.6T AWD 2018 Mazda2 GT
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Re: Car Leasing for 2nd car
[Re: coupedummy]
#1542604
24/06/2015 14:09
24/06/2015 14:09
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Joined: Dec 2005
Posts: 5,895 2011 and 2015 FCCUK F1 Champ.
bezzer
Forum is my life
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Forum is my life
Joined: Dec 2005
Posts: 5,895
2011 and 2015 FCCUK F1 Champ.
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That corsa come with road tax for the terms which helps. £380 is quite alot, but if you purchased you will still have insurance mot etc. I think a short term lease is the way forward if considered. I will enquire about the corsa and feedback.
Do you ned gap insurance with a lease car though? Be very interested in any feedback. If the figures are £149 deposit and £149 a month, I'd be seriously tempted to get my wife one. Gap insurance is offered along with the usual paint care applicant, internal scotchguaring etc. I took out the Gap on my Swift, cost me £100 for the 3 years.
......My Boy...... (PB #7)
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Re: Car Leasing for 2nd car
[Re: coupedummy]
#1542649
24/06/2015 19:20
24/06/2015 19:20
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Joined: Dec 2005
Posts: 2,112 The clues in the name
DanTheManc
Competition Level
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Competition Level
Joined: Dec 2005
Posts: 2,112
The clues in the name
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Just called,£149 is the amount if you are a vauxhaull partner discount qualifier. Both myself and partner are, which can be NHS, govrment,millitary and large organisations. I have been quoted for 10,000 miles. £176 down and £176 per month for the remaining 23 months. Includes road tax, metallic paint option and aa roadside. For 3 payments down you are looking at £482.50 down and £162.19 a month.
friendly guy called Martin. The new vxr hasnt officially hit the showrooms yet but have limited edition corsas avaliable for viewing and test drives which are similar in design. Pentagon are offering a similar deal so it might be worth trying to play them against each other for a better deal. http://www.pentagon-vauxhall.co.uk/offers/new-car/new-vauxhall-corsa-vxr
2000 Moony 20VT6 VXR BMW 335i BMW M135i 2017 Cupra 290 Black Edition
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Re: Car Leasing for 2nd car
[Re: JLow75]
#1542657
24/06/2015 20:02
24/06/2015 20:02
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Joined: Sep 2006
Posts: 8,960 west bromwich
coupedummy
Je suis un Coupé
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Je suis un Coupé
Joined: Sep 2006
Posts: 8,960
west bromwich
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Sorry for the hijack jlow. The leasing does seem a very feasible thing to do if the deal is right. Seriously looking at that corsa straight away means we don't have to pay car tax for two years. Atm our civic is 18 pound a month ish. Bring vxr monthly to £158. Vxr first year tax is £295 and second year £201.
There's a leasing comparison table on whatcar website with some good deals on c1's ect so worth a look.
Last edited by coupedummy; 24/06/2015 20:03.
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Re: Car Leasing for 2nd car
[Re: JLow75]
#1542747
25/06/2015 08:07
25/06/2015 08:07
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Joined: Sep 2006
Posts: 8,960 west bromwich
coupedummy
Je suis un Coupé
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Je suis un Coupé
Joined: Sep 2006
Posts: 8,960
west bromwich
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Too right great deal! I was following the 208gti deal so good alternative
Last edited by coupedummy; 25/06/2015 08:08.
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