Live within your means!

[kingandy2nd]

Ive never been able to bring myself to get a new car on a lease, although you are right, it does make economic sense

In my mind I like the idea of owning a car outright, then I have no future debt to service and no future liability

I was the same until we got the Tesla which is on lease. I’d run the numbers and there was little difference in the costs.

Of course, that’s ignoring the fact that if I fall on hard times I don’t have any flexibility with the lease…whereas an owned car you could just hold onto for longer…but thankfully I’m not too concerned about losing my job(or the ability to find another). Appreciate that’s not the same for everyone though.

 

[The Samaritan]

What the hand to mouth brigade ignore is that its easy to step up than down.
They do not have the capacity to appreciate the fallout of change in circumstances for the worse.

We've never leased, HP'd or whatever the schemes are we've always bought for cash. Yes, you loose a lot of money
buying new but there is that thing of a brand new car once you've had one, one elses smelly bottoms in the driver's seat etc etc.
Having stated that consider pre-reg. I'd love a Benetly Arnagae sis used to have one , we could but one but not a brand new one as that would not be sensible but its the massive running costs once the warranty goes and costs are big.

Everything is going up and up and expect it to do that for at least another few more months if not longer.

We filled our car up yesterday one of them, 200p a litre for premium diesel and we noted the standard stuff had gone up to almost 184p


Free tip - hold back, don't wasre money paying interest etc, soon you will see the benefits. if you have got debts get a job or another one or a better paid one. Consider being handyman loads of extra money and you dont even need a car when you first start out. Or be a builders/plummbers mate etc and this way you will get up to 100 pounds a week extra easy and not have to borrow

We are lucky as parents taught us never to borrow money unless buying a property or buisness.

Thanks

 

[Justin Passing]

Have only ever borrowed for first house, the mortgage. We paid it off as soon as poss, Have always paid credit cards off immediately, My credit rating is probably zero, which is probably fair, I'd forget.

 

[Mottie]

she grew up in the post war period, a time of rations

you wont change her now!!

LOL. Almost spot on. She was born in 1940 and when we nag her to spend more, her stock answer is "I'm a war baby!"

 

[Mottie]

but there is that thing of a brand new car once you've had one, one elses smelly bottoms in the driver's seat

Are you a seat sniffer then?

 

[diy_fun_uk]

I was the same until we got the Tesla which is on lease. I’d run the numbers and there was little difference in the costs.

Of course, that’s ignoring the fact that if I fall on hard times I don’t have any flexibility with the lease…whereas an owned car you could just hold onto for longer…but thankfully I’m not too concerned about losing my job(or the ability to find another). Appreciate that’s not the same for everyone though.

I would never knock anyone for leasing, unless (in the spirit of this thread) it was pushing them beyond their financial limits. I'm not driven by material things and the need to have them, however if I was on a higher salary and had the proverbial money to burn, my one luxury would be to have a newer car ever few years, maybe even leased! And I don't doubt if I won big on Lotto I'd be at the nearest Porsche dealership within 48 hours

 

[gas112]

Leasing i dont see the point of paying 15/20 grand with nothing to show for it after 3/4 years would rather buy a 2 or 3 year old car for same money that in 3 years time would still be worth something

 

[THFC]

Oh the irony!

Told off by a wacko fruitcake who sometimes claims to be male , other times to have a husband. Then there's the fabulous bs Rooney lifestyle of someone who often seems to be barely literate or poss too sozzled to type straight from the comfort of their bedsit. Fact.

How straight were your facts when you claimed someone was trying to start a war in Ukraine, but it wasn't Russia? Get your facts straight before you post misinformation, love/mate.

That's because he's in a gay marriage

 

[ReganAndCarter]

Would never lease a car to have nothing to show for it at the end of it. Some people have no sense with money. Neighbour trades in their brand new Corsa for another one each year - same colour. Unless I look at the reg, I can't tell one $h!tbox from the next.

Must admit to being careful when it comes to vehicles. Current van is now 18 years old - bought it at 2.5 years old. Couple more years, will be time for a change. Now selling my Carlton, which I've owned for almost 20 years. Only paid £150 for it, but it hardly gets used and has only 83,000 miles on the clock. Not sure I will replace it with anything, because it spent most of it's ownership with me just sitting in my garage.

If you look after your vehicles and give them regular maintenance they last a surprisingly long time.

 

[securespark]

Oh the irony!

Told off by a wacko fruitcake who sometimes claims to be male , other times to have a husband. Then there's the fabulous bs Rooney lifestyle of someone who often seems to be barely literate or poss too sozzled to type straight from the comfort of their bedsit. Fact.

How straight were your facts when you claimed someone was trying to start a war in Ukraine, but it wasn't Russia? Get your facts straight before you post misinformation, love/mate.

Awks.....

 

[diy_fun_uk]

Leasing i dont see the point of paying 15/20 grand with nothing to show for it after 3/4 years would rather buy a 2 or 3 year old car for same money that in 3 years time would still be worth something

That tends to be the way I look at it. However I've worked with a few folk that lease, one of them said they (him and his wife) simply built the lease payments into their monthly outgoings much like a mortgage payment.

 

[kingandy2nd]

Like I said, unless you keep your car until the wheels fall off, then the lease costs can nearly match the depreciation, service, consumable costs, etc.

Depreciation on crystallises when you sell/scrap the car.

There is value, albeit non monetary, in having a nice, comfortable, efficient new vehicle and not worry about it stranding you on the roadside somewhere imo

 

[gas112]

Just remember when you lease a car those little things that you would not be getting fixed if it was your own car like supermarket trolley door dings stone chips etc have got to be repaired or paid for before you hand it back also there is no putting on budget or mid range tyres for handing back it has to be equivalent premium it came with

 

[The Samaritan]

Why pay 70k for something you can get for 50k???
I recall reading on a motor mag site someone taking out a lease or something like that on a new bmw and they died a few months later,
I think they still had to pay the rest of the lease or something. I'm not sure if there is an insurance etc for that kind of thing but the guys wife posted seeking advice/help

 

[diy_fun_uk]

Just remember when you lease a car those little things that you would not be getting fixed if it was your own car like supermarket trolley door dings stone chips etc have got to be repaired or paid for before you hand it back also there is no putting on budget or mid range tyres for handing back it has to be equivalent premium it came with

Imagine if you leased a Land Rover and fully utilised it as intended by the manufacturer, going off-road, throwing the occasional farm animal in the back etc ... the 'needs fixed' list on return would be quite lengthy