[FZR400RRSP]

I know some of you are interested in the personal lease deals I get sent.
Here's one that raised an eyebrow.

Skoda Yeti 2.0tdi CR SE (good spec)
Initial rental £1319.25
Then 35 x £219.87 Vat included.
The surprising thing is this figure includes maintenance and tyres. :-o
Based on 10k miles per year.

This on www.cars2vans.com

[YankTank]

Much as I hate to say it....thats not bad. I would say the servicing/tyres cancels out the initial rental, so £220 a month for 35 months £7700.....I wonder how this squares up to outright purchase and expected depreciation/value.....whats the sensible choice? The Yeti has good residuals and its the right engine spec to go for.....

[paulyoung666]

whats the penalty for over 10000 miles though ....

[FZR400RRSP]

Originally Posted by paulyoung666

whats the penalty for over 10000 miles though ....

Don't know, I'd guess around 6p per mile like most other deals of this type.

Hear's the deal without maintenance.

PERSONAL
Initial rental of £ 711.72
Followed by 35 rentals of:
£ 237.22 Including VAT

[FZR400RRSP]

Originally Posted by YankTank

Much as I hate to say it....thats not bad. I would say the servicing/tyres cancels out the initial rental, so £220 a month for 35 months £7700.....I wonder how this squares up to outright purchase and expected depreciation/value.....whats the sensible choice? The Yeti has good residuals and its the right engine spec to go for.....

The trouble with the argument about comparing lease with outright purchase/depreciation, is that outright purchase needs you to have the money to buy it in the first place!
And you need to be able to pay the much higher monthly payments, while you gaze into the future and remind yourself it will be worth £xxxx in x years.
Doesn't help you 'now', does it....:-)

I've only reverted back to outright purchase because I was able to get a new car for the same monthly payments as lease, and I didn't have to pay a deposit either.
I'm in an unusual win/win situation :-) :-)

[gken74]

That's an amazing deal for the Yeti!

[FZR400RRSP]

Originally Posted by gken74

That's an amazing deal for the Yeti!

Sure is, I'd have gone for it myself if the wife didn't dislike the 'questionable' styling.
It's only £20 more a month than we're paying for the lease on her Fiesta!

[KyleS1]

Having never had a lease before, what happens at the end? Do you just give it back?

[Crocodile]

Originally Posted by KyleS1

Having never had a lease before, what happens at the end? Do you just give it back?

Yes, or you can offer to buy it.

[KyleS1]

Just seems like throwing money away to me. I guess if I had loads of money, it would make more sense as you avoid the whole buying/selling aspect, and you always have a brand new car to drive, but the cost of leasing seems to outweigh the cost of buying and getting hit with depreciation, not that I would ever buy a brand new car.

Seems like a good deal though if you do want to lease, based on having a very quick look around at what other leases cost.

[Crocodile]

Bear in mind that as FZR alluded to, to buy outright you need the cash (& lose the interest) or you have to pay for finance. With a lease you know exactly how much the motor going to cost you over the duration rather than hope that residuals don't crash when you come to sell/trade-in.

[KyleS1]

Absolutely. I can see the pros and cons.
To me though, if I couldn't afford the car in the first place, I don't think I could afford to lose £9k over 3 years on a lease either.

[Crocodile]

I agree(d. Lost half my post with one of these 403 errors ). I'm still running a 2000 E46 that was a company purchase new & will continue to do so until until a repair bill exceeds the value of the car. Although my former business partner came mighty close recently with his.

[FZR400RRSP]

Originally Posted by Crocodile

I agree(d. Lost half my post with one of these 403 errors ). I'm still running a 2000 E46 that was a company purchase new & will continue to do so until until a repair bill exceeds the value of the car. Although my former business partner came mighty close recently with his.

Horses for courses, I prefer the fixed monthly cost of a new car (lease or bought), but no repair costs to worry about.
No wrong or right, just preferences.

[Inked]

Originally Posted by FZR400RRSP

Horses for courses, I prefer the fixed monthly cost of a new car (lease or bought), but no repair costs to worry about.
No wrong or right, just preferences.

Yep, I view car ownership as just another monthly expense these days and don't like to buy outright. Even the wife's second hand mini was stuck on a 0% credit card and is paid off monthly, wanting to change for something 4 door for her now so will be looking at some of the low interest deals on new small cars as well as second hand as we got stung with a £1000 repair bill on the mini earlier this year.

[FZR400RRSP]

Originally Posted by Inked

as we got stung with a £1000 repair bill on the mini earlier this year.

That's the bit that scares me.
You can say that any money saved over a new car can be put aside to budget for repairs, but I doubt I'd manage that.
I'd get used to having the extra money and any repair cost would come as a kick in the stones.
With a new car, I know I have to pay £xxx a month, but I also know there shouldn't ever be any nasty surprises.

[tonyrees687]

For £55 a week this looks great. I like the look as well. I agree with what you have said ."I know I have to pay £xxx a month, but I also know there shouldn't ever be any nasty surprises". Is this yeti in your OP the part time 4x4 as I cant find it on the website you gave. I can get this deal for free as Ive just given up smoking.
Cheers

[FZR400RRSP]

Originally Posted by tonyrees687

For £55 a week this looks great. I like the look as well. I agree with what you have said ."I know I have to pay £xxx a month, but I also know there shouldn't ever be any nasty surprises". Is this yeti in your OP the part time 4x4 as I cant find it on the website you gave. I can get this deal for free as Ive just given up smoking.
Cheers

I would doubt its a 4x4 model.

[gken74]

We first leased a car when my wife was pregnant with our twins and her company only paid the minimum Maternity pay so we were saving as hard as we could to have money put away to cover the short fail when she would be off work with the twins.

At the time I had an old 96 plate BMW 740i which was just coming up for its MOT and it needed a service, 4 new tyres which where huge so I was looking at £700-£800 at least and if something went on the car and we were left with a £1000 garage bill we'd have been screwed.

I managed to get a good deal on a brand new Citroen C4 Picasso for £185+vat a month on a 2 year lease giving us a fixed amount we could budget every month and we wouldn't have to worry about an unexpected garage bill if something went wrong.

Now we're on our 4th lease deal and to be honest I think when the Octavia VRS I have goes back next year I'll look at getting another 7 series but an E65 730d as the prices are coming down fast.

[lmccauley]

Originally Posted by FZR400RRSP

Horses for courses, I prefer the fixed monthly cost of a new car (lease or bought), but no repair costs to worry about.
No wrong or right, just preferences.

Absolutely. I'm still on budget for my 2nd hand Boxster to come to the same TCO as my new Honda Civic did after 3 years, but I got hit with a big bill the month after I completed on my house - oof! That took my savings lower than I would have liked them to be.

[ufitsy]

Yeti 2.0 Diesel will lose around 24% over 3yrs in depreciation

Which petrol cars lose the least value? - Residual values: petrol and diesel depreciation winners - Feature photos - MSN Cars UK

So around 5k from a 20k motor.

Cost of the lease is around 9.2k

So you'd pay 4.2k extra (instead of buying)over 3yrs for peace of mind of not worrying/caring about the car or any maint costs.

- not bad.

[FZR400RRSP]

Originally Posted by ufitsy

Yeti 2.0 Diesel will lose around 24% over 3yrs in depreciation

Which petrol cars lose the least value? - Residual values: petrol and diesel depreciation winners - Feature photos - MSN Cars UK

So around 5k from a 20k motor.

Cost of the lease is around 9.2k

So you'd pay 4.2k extra (instead of buying)over 3yrs for peace of mind of not worrying/caring about the car or any maint costs.

- not bad.

That article mentions one specific model, I don't think you should use those wildly optimistic (IMO) figures for all yetis.
That article also mentions one specific focus, you wouldn't expect all focuses to achieve that.;-)

Here's 'what car's'' projected figures for the yeti mentioned in this thread.
They seem more realistic to me, I flat refuse to believe it would still be worth 75% of full price after three years, not a chance in hell.

Skoda Yeti Crossover 2.0 TDI CR SE 2WD 5dr
Year 0 £18,445
Year 1 £12,091
Year 2 £9,940
Year 3 £8,145
Year 4 £6,956

Now, the lease company won't be paying full list for the car.
But they will be reckoning on it being worth £8145 in three years.
The difference is what they base their lease figures on.

[booyaka]

Just out of interest to anyone

Got a load of tea bags, sweets and chocolate from Lingscars.com today. (current got a Sportage lease deal thru them)

Also a flyer for the following deal -

Merc SLK 2.1 cdi blue efficency 250 AMG sport convertible.

2 year rental, 10k mileage

£291 a month inc VAT

That seems crazy cheap to me!

[Frostytouch]

Originally Posted by ufitsy

Yeti 2.0 Diesel will lose around 24% over 3yrs in depreciation

Which petrol cars lose the least value? - Residual values: petrol and diesel depreciation winners - Feature photos - MSN Cars UK

So around 5k from a 20k motor.

Cost of the lease is around 9.2k

So you'd pay 4.2k extra (instead of buying)over 3yrs for peace of mind of not worrying/caring about the car or any maint costs.

- not bad.

Think you might want to rethink your depreciation % !!

24% in 3yrs? That's more likely to be the 12 month % drop.

[ufitsy]

Originally Posted by Frostytouch

Think you might want to rethink your depreciation % !!

24% in 3yrs? That's more likely to be the 12 month % drop.

Looking at the figures they do seem a tad optimistic, please don't shoot the messenger.

[stblob]

I'd say its worth 24% after 3 years.

[paulyoung666]

Originally Posted by FZR400RRSP

They seem more realistic to me, I flat refuse to believe it would still be worth 75% of full price after three years, not a chance in hell.

Just been poking around at used qashqai prices , they seem to be at around 50% of new after 4 years , so what cars figures seem as you say , more realistic .....

[redaprilia]

Originally Posted by booyaka

Just out of interest to anyone

Got a load of tea bags, sweets and chocolate from Lingscars.com today. (current got a Sportage lease deal thru them)

Also a flyer for the following deal -

Merc SLK 2.1 cdi blue efficency 250 AMG sport convertible.

2 year rental, 10k mileage

£291 a month inc VAT

That seems crazy cheap to me!

For some reason I am getting spam emails by the dozen at work for these merc's . I am always suspicious and feel that the importer may be stuck with a compound full of them and have to offer "deals" to shift them ?

[paulyoung666]

Originally Posted by redaprilia

For some reason I am getting spam emails by the dozen at work for these merc's . I am always suspicious and feel that the importer may be stuck with a compound full of them and have to offer "deals" to shift them ?

Is that a bad thing for the buyer .....