Leasing a car. Any advice.

[Ribenapigeon]

Im thinking after the current jalopy has had its chips i may lease a car. Preferably not more than £200 pm. Any advice?

[Diggs]

You don't get more than a noddy-car for £200 nowadays.

Best advice - budget for a thorough de-scratching and clean before you give it back as the bastards always charge for bits they argue are more than just wear and tear. I have leased for a few years now and on average it costs me an additional £300 at the end.

Also, think carefully about your mileage. You don't want a lease for fewer miles than you actually do as they will make an additional charge per mile.

Don't smoke in it or let other people smoke in it because they will charge for fag-damage and a smell of smoke.

Other than that it is still the best way to drive a new car for relatively little outlay....
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Now - Speed Triple, old ratty GS550, GSXR750M
Gone (in order of ownership) - Raleigh Runabout, AP50, KH125, GP125, KH250, CBX550, Z400, CB750FII, 250LC, GS550, ZXR750H1, Guzzi Targa, GSX750F, KH250 x2, Bimota SB6R and counting...

[P.]

Just bought a new-ish car, was cheaper to just find a sensible dealer with low rates than lease. Spent a few weeks nosing around.

Ended up paying ~330pm on a 2020 Tucson, nicest trim possible, low miles. Needs to last 5 years before we become electric drivers.

[MarJay]

Leasing was good when interest rates were almost zero. I get the impression that leasing a car now would be pretty dumb.

You're better off saving a few grand and buying a solid SH car for cash I reckon.

I realise not everybody has the luxury of dropping 3 or 4k but I think it's the best move if you do have that option.
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British beauty: Triumph Street Triple R; Loony stroker: KR1S; Track fun: GSXR750 L1; Commuter Missile: GSX-S1000F
Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.

[AlexArcvarden]

Look for offers within your budget, check mileage limits, and understand any extra fees. Plus, consider your needs - size, fuel efficiency, etc.

[Ribenapigeon]

Im thinking the whole lease culture is just part of teaching us to have lower aspirations and accept drifting back into pre war mass poverty. I noticed a company advertising "leasing" home technology, are we really going back to the days where you rented the telly? I think so and its a bad thing.

[stinkwheel]

See how much actual car loan repayments would cost in comparison. Then it's your car and you can ram as many cyclists and do as many miles as you want and it's your car at the end of it.
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“Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.

[MCN]

For private ownership I cannot see the benefits.
After three years payments, walk away the proud owner of Hee-Haw.
Pay an extortionate sum to buy outright.
Or start a new sentence/contract.

It's attractive for business use as there's no capital investment in something that may need to by fluid.

But then the investment you make and if you borrow to invest, you save tax. (Or something incentivising)
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Disclaimer: The comments above may be predicted text and not necessarily the opinion of MCN.

[Easy-X]

AFAIK Yamaha motorcycles profits are split 50/50: selling bikes and selling financial agreements.
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Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter

[Zyckonism]

One tip I'd suggest is to negotiate the mileage allowance upfront. If you exceed the agreed-upon mileage, you could face hefty fees at the end of the lease.