OV9

Rich B wrote: Tue Sep 10, 2024 1:22 pm

Mito Man wrote: Tue Sep 10, 2024 12:47 pm I did apply the scenario to myself - said scenario being which is the best from a financial perspective.
Obviously you don’t get a new car in return but 2 of my cars I bought with over 70,000 miles. But regardless I’ve never spent £2500 on mechanical repairs in a 24 month period on any of them.
Also if I were to look at reliability I’d say the number of breakdowns I’ve had in old cars with no warranty vs cars within their warranty period is probably equal too.

how much do you pay for these over 70k mile cars?

£21,000 and £500

Swervin_Mervin wrote: Tue Sep 10, 2024 1:28 pm

Mito Man wrote: Tue Sep 10, 2024 12:47 pm I did apply the scenario to myself - said scenario being which is the best from a financial perspective.
Obviously you don’t get a new car in return but 2 of my cars I bought with over 70,000 miles. But regardless I’ve never spent £2500 on mechanical repairs in a 24 month period on any of them.
Also if I were to look at reliability I’d say the number of breakdowns I’ve had in old cars with no warranty vs cars within their warranty period is probably equal too.

I'd say similar. My E91 has occasionally given me a big bill, but they're very few and far between. And I wouldn't trust anything modern to be any more reliable.

why did you buy a brand new Skoda and not just a second e91 then?

Mito Man wrote: Tue Sep 10, 2024 1:33 pm

Rich B wrote: Tue Sep 10, 2024 1:22 pm

Mito Man wrote: Tue Sep 10, 2024 12:47 pm I did apply the scenario to myself - said scenario being which is the best from a financial perspective.
Obviously you don’t get a new car in return but 2 of my cars I bought with over 70,000 miles. But regardless I’ve never spent £2500 on mechanical repairs in a 24 month period on any of them.
Also if I were to look at reliability I’d say the number of breakdowns I’ve had in old cars with no warranty vs cars within their warranty period is probably equal too.

how much do you pay for these over 70k mile cars?

£21,000 and £500

(Using your maths) your defender cost £21k in the first year. that makes a Ferrari FF gearbox from Ferrari look good value!

and a 645i is still over £4k even now, so £500 is basically a gift!

Rich B wrote: Tue Sep 10, 2024 1:21 pm

Holley wrote: Tue Sep 10, 2024 12:26 pm VW Buzz from £119.99 per month...
https://centralukvehicleleasing.co.uk/c ... 6-seatcomf

Estimated Delivery: 30 - 40 weeks

A bit of wait granted.

They're fairly regularly sending out offers, last week it was a A6 40tfsi for £227 per month over 2 years on 10k/yr.

Occasionally there's some good deals if you're not too fussy about the make/model

Rich B wrote: Tue Sep 10, 2024 1:46 pm

Mito Man wrote: Tue Sep 10, 2024 1:33 pm

Rich B wrote: Tue Sep 10, 2024 1:22 pm how much do you pay for these over 70k mile cars?

£21,000 and £500

(Using your maths) your defender cost £21k in the first year. that makes a Ferrari FF gearbox from Ferrari look good value!

and a 645i is still over £4k even now, so £500 is basically a gift!

Did it depreciate £21k in one year? Still seem to get quoted £24k for it when I put my plate in insurance comparison sites.

645 that was the WBAC quote. It had a bunch of problems which I could repair myself but I thought it was daft to sell what was otherwise a decent car for £500. High mileage ones were only worth £2500 then.

Mito Man wrote: Tue Sep 10, 2024 2:00 pm

Rich B wrote: Tue Sep 10, 2024 1:46 pm

Mito Man wrote: Tue Sep 10, 2024 1:33 pm

£21,000 and £500

(Using your maths) your defender cost £21k in the first year. that makes a Ferrari FF gearbox from Ferrari look good value!

and a 645i is still over £4k even now, so £500 is basically a gift!

Did it depreciate £21k in one year? Still seem to get quoted £24k for it when I put my plate in insurance comparison sites.

Now you’re getting it - so now do you understand why your original comment on the Dacia cost was so stupid?

in the end, buying v leasing has to be worked out on your own maths taking into account the length of time you intend to have the car.

Leasing and running a brand new Golf GTI for 2 years was cheaper than just running my M3 for the previous 2 years and same mileage. and that was with no big bills/issues.

buying and running my 2nd hand (but basically new) M2 is about double what it was to lease and run the GTI.

you pays your money, you takes your choice.

Rich B wrote: Tue Sep 10, 2024 2:10 pm

Mito Man wrote: Tue Sep 10, 2024 2:00 pm

Rich B wrote: Tue Sep 10, 2024 1:46 pm (Using your maths) your defender cost £21k in the first year. that makes a Ferrari FF gearbox from Ferrari look good value!

and a 645i is still over £4k even now, so £500 is basically a gift!

Did it depreciate £21k in one year? Still seem to get quoted £24k for it when I put my plate in insurance comparison sites.

Now you’re getting it - so now do you understand why your original comment on the Dacia cost was so stupid?

Nope. You've lost me.

Rich B wrote: Tue Sep 10, 2024 1:35 pm

Swervin_Mervin wrote: Tue Sep 10, 2024 1:28 pm

Mito Man wrote: Tue Sep 10, 2024 12:47 pm I did apply the scenario to myself - said scenario being which is the best from a financial perspective.
Obviously you don’t get a new car in return but 2 of my cars I bought with over 70,000 miles. But regardless I’ve never spent £2500 on mechanical repairs in a 24 month period on any of them.
Also if I were to look at reliability I’d say the number of breakdowns I’ve had in old cars with no warranty vs cars within their warranty period is probably equal too.

I'd say similar. My E91 has occasionally given me a big bill, but they're very few and far between. And I wouldn't trust anything modern to be any more reliable.

why did you buy a brand new Skoda and not just a second e91 then?

I didn't. My wife did. Because she wanted a brand new Skoda. Nothing to do with me. No way I'd have paid out those eye-watering monthlies on the PCP and the balloon payment - I'm far too comfortable with no monthly payments!

Rich B wrote: Tue Sep 10, 2024 2:14 pm in the end, buying v leasing has to be worked out on your own maths taking into account the length of time you intend to have the car.

you pays your money, you takes your choice.

Is correct. It depends on too many factors to say whether it's cheaper one way or the other.

I think working out all variables would just make you go round in circles.

Just get what you want.

For example I can't be bothered to do any maintenance on a car. I can hardly be bothered to clean it, let alone muck about with oil changes or small faults. If I hear so much as a rattle I'm instantly annoyed .

So a new car + warranty for me is worth any potential extra cost to avoid losing it every time something falls off (to be fair, this has happened on new cars, but I don't have to fix it and at no extra cost to me).

But if you're handy, or love working on cars, or love 'character', I do kinda understand the appeal.

The new M2 has some very attractive lease deals currently (well, a couple of weeks ago).. New M5 has been added to my company car salary sacrifice scheme, still waiting for the 992.2 GTS to be added!

Holley wrote: Tue Sep 10, 2024 2:55 pm I think working out all variables would just make you go round in circles.

Just get what you want.

For example I can't be bothered to do any maintenance on a car. I can hardly be bothered to clean it, let alone muck about with oil changes or small faults. If I hear so much as a rattle I'm instantly annoyed .

So a new car + warranty for me is worth any potential extra cost to avoid losing it every time something falls off (to be fair, this has happened on new cars, but I don't have to fix it and at no extra cost to me).

But if you're handy, or love working on cars, or love 'character', I do kinda understand the appeal.

Yeah, but Gav has Steve’s friends and family rate!

Holley wrote: Tue Sep 10, 2024 2:55 pm For example I can't be bothered to do any maintenance on a car. I can hardly be bothered to clean it, let alone muck about with oil changes or small faults. If I hear so much as a rattle I'm instantly annoyed .

So a new car + warranty for me is worth any potential extra cost to avoid losing it every time something falls off (to be fair, this has happened on new cars, but I don't have to fix it and at no extra cost to me).

But if you're handy, or love working on cars, or love 'character', I do kinda understand the appeal.

I fall into the same category as you so that’s useful to hear. Gonna keep my eye out for a lease deal

Gavster wrote: Tue Sep 10, 2024 3:07 pm

Holley wrote: Tue Sep 10, 2024 2:55 pm For example I can't be bothered to do any maintenance on a car. I can hardly be bothered to clean it, let alone muck about with oil changes or small faults. If I hear so much as a rattle I'm instantly annoyed .

So a new car + warranty for me is worth any potential extra cost to avoid losing it every time something falls off (to be fair, this has happened on new cars, but I don't have to fix it and at no extra cost to me).

But if you're handy, or love working on cars, or love 'character', I do kinda understand the appeal.

I fall into the same category as you so that’s useful to hear. Gonna keep my eye out for a lease deal

It's better to sign up to a newsletter so they can email you the latest offers. They don't always add them to the website as if a very good offer, they tend to go

Swervin_Mervin wrote: Tue Sep 10, 2024 2:21 pm

Rich B wrote: Tue Sep 10, 2024 1:35 pm

Swervin_Mervin wrote: Tue Sep 10, 2024 1:28 pm

I'd say similar. My E91 has occasionally given me a big bill, but they're very few and far between. And I wouldn't trust anything modern to be any more reliable.

why did you buy a brand new Skoda and not just a second e91 then?

I didn't. My wife did. Because she wanted a brand new Skoda. Nothing to do with me. No way I'd have paid out those eye-watering monthlies on the PCP and the balloon payment - I'm far too comfortable with no monthly payments!

If the skoda shits itself on a dark night in the middle of nowhere all that you need to do is call their breakdown assist. They'll fix it or get you a hire car. That wont be the case with your E91. Which might be fine if your not reliant on it - but thats what you pay the extra money for.

scotta wrote: Tue Sep 10, 2024 3:41 pm

Swervin_Mervin wrote: Tue Sep 10, 2024 2:21 pm

Rich B wrote: Tue Sep 10, 2024 1:35 pm why did you buy a brand new Skoda and not just a second e91 then?

I didn't. My wife did. Because she wanted a brand new Skoda. Nothing to do with me. No way I'd have paid out those eye-watering monthlies on the PCP and the balloon payment - I'm far too comfortable with no monthly payments!

If the skoda shits itself on a dark night in the middle of nowhere all that you need to do is call their breakdown assist. They'll fix it or get you a hire car. That wont be the case with your E91. Which might be fine if your not reliant on it - but thats what you pay the extra money for.

Well not anymore they won't as it's 5.5yrs old I'm not sure what it came with in terms of breakdown assist, given it was a PCP. Both cars are covered under our RAC cover though, at £170 for the year. Which is still A LOT less than monthlies for a lease/PCP.

Anyway, as we've discussed - there's no straight answer as there are too many variables surrounding what you want from your car and what your financial situation is.

I found mine here: https://www.leaseloco.com/

We've always bought outright, but never new. The newest car we have had was three years old when we bought it.

Not sure about the economic side of things, but with the kids and the way they treat the car factored in, I would be too concerned about being billed for damage to be comfortable with a lease.

Our cars haven't been perfect, but the only three substantial bills we've had across four cars and about 150k miles were covered by the manufacturers (radio and AC on the Volvo, head on the Galaxy). There's obviously been plenty of other smaller bills, but as we're not buying new, that's to be expected.

The hassle is obviously to be accounted for, but I'm not sure I'd want to pay that much more to avoid it.

There's a cracking Pistonheads thread that just posts lease deals.

My sister has no interest in cars and just wants a new warranted hassle free car every 2 years and I've found a deal for her on Pheads everytime. This month she ordered an in-stock Skoda Octavia for 24x£206 and that includes ved. My wife takes a similar view and even though her cars have seen some action we have never paid for damage on return, everything including her fair share of chinned alloys have been accepted as fair wear and tear

My new M2 was £k's cheaper to lease than on PCP at 3+23 £582 so a total cost of £15k including ved for 2 years.

It's worth adding that I have bought outright, financed, PCP's and Leased cars but you never know what's the most efficient route until you've moved it on. There is no right or wrong way but leasing offers no risk motoring at a fixed cost so i get the appeal in those circumstances.