Home News Forum Articles
  Welcome back Join CF
You are here You are here: Home | Forum | Car ownership vs car leasing


You are currently viewing our boards as a guest which gives you limited access to view most of the discussions, articles and other free features. By joining our Virgin Media community you will have full access to all discussions, be able to view and post threads, communicate privately with other members (PM), respond to polls, upload your own images/photos, and access many other special features. Registration is fast, simple and absolutely free so please join our community today.


Welcome to Cable Forum
Go Back   Cable Forum > Cable Forum Basement > Lifestyle
Reload this Page Car ownership vs car leasing
Register FAQ Members List Calendar Mark Forums Read

Car ownership vs car leasing
Reply
 
Thread Tools
Old 12-04-2005, 21:17   #1
Caspar
cf.mega poster
 
Join Date: Jun 2003
Location: UK
Posts: 4,989
Caspar has reached the bronze age
Caspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze age
Car ownership vs car leasing
I'm currently weighing up both sides of the coin regarding a new car.

Should I buy a car, which would likely incur interest charges or lease a car?

Does anyone have any pros/cons on each?
Caspar is offline   Reply With Quote
Advertisement
Old 12-04-2005, 21:39   #2
gooner4life
cf.geek
 
Join Date: Dec 2003
Age: 31
Posts: 678
gooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these partsgooner4life is just so famous around these parts
Re: Car ownership vs car leasing
Pros of Owning - You get to keep it at the end
Cons of Owning - With any problems, dinks, and severe depreciation.

Pros of Leasing - You get to change it at the end of the lease
Cons of Leasing - fairly expensive for what you get sometimes.
gooner4life is offline   Reply With Quote
Old 12-04-2005, 21:51   #3
Caspar
cf.mega poster
 
Join Date: Jun 2003
Location: UK
Posts: 4,989
Caspar has reached the bronze age
Caspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze age
Re: Car ownership vs car leasing
Rough figures....but what I spend on my car (Vectra 2.2d SRi 53 plate)...cost and interest... I could lease a BMW Z4!

...I'm thinking I'd rather get a much better car for my monthly outgoing!

For example...the cheapest Z4 costs £335 pm lease (source: carleasing.co.uk). I pay about £350 pm for my Vectra.

Lease
At the end of the 3 year leasing term I would have paid approx £12,000.

Ownership
At the end of 3 years of my current car..I would have spent about £500 more...but I would own the car and could resell, tradein...prob for about £5K-7K

...hmmm, simple maths seem to make the choice clear!
Caspar is offline   Reply With Quote
Old 12-04-2005, 22:10   #4
homealone
Guest
 
Posts: n/a
Re: Car ownership vs car leasing
Quote:
Originally Posted by Caspar
Rough figures....but what I spend on my car (Vectra 2.2d SRi 53 plate)...cost and interest... I could lease a BMW Z4!

...I'm thinking I'd rather get a much better car for my monthly outgoing!

For example...the cheapest Z4 costs £335 pm lease (source: carleasing.co.uk). I pay about £350 pm for my Vectra.

Lease
At the end of the 3 year leasing term I would have paid approx £12,000.

Ownership
At the end of 3 years of my current car..I would have spent about £500 more...but I would own the car and could resell, tradein...prob for about £5K-7K

...hmmm, simple maths seem to make the choice clear!

not necessarily, it depends what the leasing deal includes - servicing & consumables such as tyres can make a big difference.

isn't this your 'company' car, though, Cas - would the Beamer be another tax band to your existing? (be gentle - i go to work on a pushbike )
  Reply With Quote
Old 12-04-2005, 22:35   #5
Caspar
cf.mega poster
 
Join Date: Jun 2003
Location: UK
Posts: 4,989
Caspar has reached the bronze age
Caspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze age
Re: Car ownership vs car leasing
Not sure if road tax will go up...tho my insurance doubles...(well did for when I calc'd a X5)

Yes, it'll be financed by a company car allowance ...so if I leased a car...all that money (which isn't really mine) is gone. ...but if I used it to buy a car...I could get 1/3 of it back!...hmmm
Caspar is offline   Reply With Quote
Old 12-04-2005, 22:36   #6
Paul M
Dr Pepper Addict
 
Paul M's Avatar
 
Join Date: Oct 2003
Location: Nottingham
Age: 49
Services: VM Phone : Sky+ Multiroom : VM Cable (50 Mbps)
Posts: 18,300
Paul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny stars
Paul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny starsPaul M has a pair of shiny stars
Re: Car ownership vs car leasing
I lease my current car.
__________________
DigiGuide : Twitter : Facebook : CF Twitter : CF Facebook : TV

Baby I was born this way.
Paul M is offline   Reply With Quote
Old 12-04-2005, 22:37   #7
Caspar
cf.mega poster
 
Join Date: Jun 2003
Location: UK
Posts: 4,989
Caspar has reached the bronze age
Caspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze ageCaspar has reached the bronze age
Re: Car ownership vs car leasing
Quote:
Originally Posted by Paul M
I lease my current car.
Why, was it cheaper....what was the motivation behind leasing vs ownership?
Caspar is offline   Reply With Quote
Old 13-04-2005, 13:17   #8
dgr1577
Guest
 
Location: Glasgow
Posts: n/a
Re: Car ownership vs car leasing
Quote:
Originally Posted by Paul M
I lease my current car.

is your insurance and road tax covered by the leasing company or do you still have to pay them seperately?

is your servicing/mot's covered also or do you still have to pay them too?
  Reply With Quote
Reply

« Previous Thread | Next Thread »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Google Search




All times are GMT +1. The time now is 11:34.

Contact Us - Service Status - Virgin.Net Status - Cable Forum - Archive - Privacy Statement - Terms of Service - Top

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2012, vBulletin Solutions, Inc.
Copyright © 2003 - 2012, Cable Forum.
(server1.cableforum.co.uk)
Copyright © 2012 Cable Forum | Hosted On 1&1 Dedicated Server

SEO by vBSEO 3.3.2