Leasing vs Buying a new car?

[Saint Garrett]

Just wondering what experiences people have had in regards to getting a new car.

 

Looking to sell my current car for £5/6k and upgrading to a Mercedes A-Class.

 

Anyone got any advice whether leasing or buying is better?

 

Don't have the capital to go out and buy outright, so if I was to buy, i'd require a bank loan, and always a bit sceptical about that. Leasing looks like a decent idea from what I can see?

 

Cheers in advance - sure there are a few people who have leased in the past or have any experience in getting new wheels!

[Unbelievable Jeff]

Would suggest buying 2 years old or so, especially if car has 5 year warranty. Removes the worst depreciation that you get from both new car and lease car deals and saves you a bundle of cash.

[Bucks Saint]

Agreed. There a few of the big name second hand places, like Motorpoint, that offer lease deals on cars up to 3 years old too

[hutch]

I've bought 4 "demonstrators" from main dealers. Up to 6 months old, up to 5,000 miles and up to 35% discount on price. Never had a problem, all good as new.

 

Compare a bank loan for that against a new lease.

 

A Class merc, I assume it's for your wife

[LGTL]

Leasing is a piece of **** and eliminates all hassle of owning a vehicle.

[buctootim]

With leasing its best to take whatever is the hot deal at the time rather than a specific car. Leasing rates dont only depend on the price of the car or the resale value, but can be heavily discounted to leasers by manufacturers as a way to shift stock without having to undercut the dealer price. The total cost of a three year deal (no repairs no road tax) can be as little as a quarter of the dealer price of buying new. You'd never be able to sell a three year old car for 75% of the purchase price.

 

The Skoda Yeti, Honda CRV and Vauxhall Astra are three I like atm.

http://www.tilsungroup.com/skoda-yeti-1.6+tdi+cr+s+greenline+ii+5dr-car-38638#.VSB0bfnF89Y

http://www.tilsungroup.com/honda-cr+v-1.6+i+dtec+sr+5dr+2wd++sat+nav+-car-38485#.VSB3nvnF89Y

http://www.tilsungroup.com/vauxhall-astra-1.4i+16v+sri+5dr-car-32824#.VSB3xvnF89Y

Edited 6 April, 2015 by buctootim

[OldNick]

Don't forget to get all the scratches and car-park dinks out of it before you return it.If not you could get hit.....oh and the mileage as well

[mightysaints]

I have just leased a Fiesta ST3, £250 per month instead of having the company car, should be better off by £50 a month taking into account tax savings

[Wade Garrett]

I lease. The way I look at it is that I am really just paying the depreciation each month. I get a brand new car, for very little initial outlay.

 

Don't think I'll ever buy another car again.

[Saint Garrett]

Anyone seen what Jermaine Wright does these days. Check out his Twitter. Do they see, good value?

 

http://www.amcprestigecars.co.uk/

 

@amc_cars_jamma