Bye bye GTI

[R32UK]

in future you may want to go down the lease route like myself. Cant explain how chuffed I am that I dont own my car. Would have lost approx 11k over the time i have had it... and with things due to get worse, it could have been much more.

Now the only person that looses out when its value drops is VW! And I obviously gain as the car will be available at the end of the lease for a knock down price with one owner (ME!! )

It really couldnt have worked out better... apart from the fact that I worked out that my car costs me approx £700pm although that includes vat, insurance, and juice.

yes but its not like your getting it that cheap,that r32 was around 25k new (no leather, front armrest and cruise if i remember), so then at a guess if you lease that car at 3 years its still going to cost you around 15k-16k (thats not inc road tax and petrol) and you still dont own it. then in 18 months when that car is3 years old its still going to cost around 7-8k to buy even in these bad times.

Mine is only a 2yr lease and would have covered 30k when it goes back, so will be worth about 12k or less i would imagine (in 9months time).

The actual cost of leasing the car is £370 (inc vat) so has cost me approx £8800 over the 2yrs. Where as buying it would have lost me around 13k. Plus the fact that the tax is paid for me so add another £500 or whatever tax is these days.

Overall a saving of about £5k which im more than happy with

[AlanD]

Only thing I would say is that you cant mod lease cars can you?

[dan_apps]

Only thing I would say is that you cant mod lease cars can you?

nah so many clauses with leasers it just aint worth it IMO, capped mileage etc wouldnt be any good for me.

[AlanD]

Same here ^

[carl1]

in future you may want to go down the lease route like myself. Cant explain how chuffed I am that I dont own my car. Would have lost approx 11k over the time i have had it... and with things due to get worse, it could have been much more.

Now the only person that looses out when its value drops is VW! And I obviously gain as the car will be available at the end of the lease for a knock down price with one owner (ME!! )

It really couldnt have worked out better... apart from the fact that I worked out that my car costs me approx £700pm although that includes vat, insurance, and juice.

yes but its not like your getting it that cheap,that r32 was around 25k new (no leather, front armrest and cruise if i remember), so then at a guess if you lease that car at 3 years its still going to cost you around 15k-16k (thats not inc road tax and petrol) and you still dont own it. then in 18 months when that car is3 years old its still going to cost around 7-8k to buy even in these bad times.

Mine is only a 2yr lease and would have covered 30k when it goes back, so will be worth about 12k or less i would imagine (in 9months time).

The actual cost of leasing the car is £370 (inc vat) so has cost me approx £8800 over the 2yrs. Where as buying it would have lost me around 13k. Plus the fact that the tax is paid for me so add another £500 or whatever tax is these days.

Overall a saving of about £5k which im more than happy with

all the 2 year lease deals ive seen are 23 months and a deposit of 6 months payments. Also fair play to you if you can get that car for 11k from a dealer in 6 months, but the way you go on about leasing its tho you've discorvered life on mars  :smiley:you have just dropped at little bit lucky with credit crunch and all that. its not for me leasing just not the same as owning it but everyones different

[Edition30]

R32UK - Have they told you how much you can buy it for at the end of the lease?

Mine is on PCP which is £350 a month over 3 years with a balloon payment of just over £8,000 if I decide to buy it...or can give it back after 50% of the contract or at the end and walk away.

[R32UK]

No word on the buy back value yet.

The reason I bang on about leasing is because, not you or the dealers have any idea what the car will be worth in a couple of years time. I have always leased my cars and on the last two I have made a nice healthy profit from selling them after the lease is finished. The cars are usually offered at the trade price as thats what they expect from them when they go round the block.


Look at it this way:

£8800 - total cost of leasing
£12000 - cost of purchasing car

£20800 - my total cost
-£13500 - What I would possibly look to sell for with 1 owner from new

£7300 - Is what it has cost me to drive a brand new R32 for 2 yrs!

Not bad at all in todays climate

[R32UK]

Only thing I would say is that you cant mod lease cars can you?

nah so many clauses with leasers it just aint worth it IMO, capped mileage etc wouldnt be any good for me.

Very true about the modding. but tbh I wouldnt really change/moddify (unless it was performance based). Remaps for example can be easily removed.

The milage cap is something that doesnt work for everyone. It can be changed during the lease though if you feel your going over.

BIG Plus is no road tax either!!!

[R32UK]

*** NEWS FLASH ****

340pm for a brand new S3!! Could be my new car I have just spotted there!!

[carl1]

No word on the buy back value yet.

The reason I bang on about leasing is because, not you or the dealers have any idea what the car will be worth in a couple of years time. I have always leased my cars and on the last two I have made a nice healthy profit from selling them after the lease is finished. The cars are usually offered at the trade price as thats what they expect from them when they go round the block.


Look at it this way:

£8800 - total cost of leasing
£12000 - cost of purchasing car

£20800 - my total cost
-£13500 - What I would possibly look to sell for with 1 owner from new

£7300 - Is what it has cost me to drive a brand new R32 for 2 yrs!

Not bad at all in todays climate

No word on the buy back value yet.

The reason I bang on about leasing is because, not you or the dealers have any idea what the car will be worth in a couple of years time. I have always leased my cars and on the last two I have made a nice healthy profit from selling them after the lease is finished. The cars are usually offered at the trade price as thats what they expect from them when they go round the block.


Look at it this way:

£8800 - total cost of leasing
£12000 - cost of purchasing car

£20800 - my total cost
-£13500 - What I would possibly look to sell for with 1 owner from new

£7300 - Is what it has cost me to drive a brand new R32 for 2 yrs!

Not bad at all in todays climate

Your total  £20800, mine 19k for my brand new r32 decent spec r32 to do what i want with it,sell when i want,mod it, give it my sister, cash is always king in my eyes