blonde poker forum

Good evening all,

today i have been to the gargage with my 2002 mondeo.  Since buying it around 18 months ago for £3.5k i have spent the same again getting it repaired, i should have cut my losses earlier however kept on in the vein hope 'this will be it'. 

Took it to the garage today to get the starter motor replace (gg £190), the friendly and now well dressed mechanic said that there is another problem that will cost me between £900 and £1500 to get repaired. 

Me and the missus have had our fair share of problems with 2nd hand cars, so we've decided to go for a new car, we have a very limited budget and are looking for the cheapest new car we can get. 

We are looking at <£10k, but I have no idea about cars and would really like some help from my good friends here at blonde if there are any guys out there that know about these things, maybe you work for a car dealer and want the commission for selling me a shed!  feel free I'm a mug and will probably buy it!!

I have been looking at the Volkswagen Fox - missus will be driving mainly as my plan is to start getting the train to work, so not worried about looking like a hairdresser!

Kindest Regards,

Christopher.

are you vat registered?

could be worth looking into mate http://www.walletpop.co.uk/2009/04/16/what-a-buzz-5-000-cash-back-on-buying-electric-car/

Have you considered leasing?

no, is this quite popular?

yea i would like more info on this too please

rotflmfao

http://www.perrys.co.uk/citroen-c1-1.0i-vt-5dr/new-and-delivery-mileage/offer-177467

http://www.perrys.co.uk/kia-ceed-1.4-1-5dr/new-and-delivery-mileage/offer-177581 (7 year warrentry!)

http://www.perrys.co.uk/vauxhall-corsa-1.2i-16v-design-3dr/new-and-delivery-mileage/offer-178641

http://www.perrys.co.uk/vauxhall-corsa-1.2i-16v-energy-5dr/new-and-delivery-mileage/offer-178091

http://www.thecarpeople.co.uk/find-a-car/used-cars/supermini/price-from-5000/price-to-10000/

I have leased previously using Jamjar.com (they no longer do it)
If you have to get a loan to get the car it is usually a better option to lease

why dont i get this?

Anybody got any links to decent car leasing companies.

http://blondepoker.com/forum/index.php?topic=48752.0

tyvm, some great offers to look at there. 

http://www.leasecarsdirect.co.uk/

http://www.carleasinguk.com/

http://www.nationwidevehiclecontracts.co.uk/

Girdy loves you ;)

Not getting involved with cars which I know nothing about

why not change your signature to I support thieves?

Best Regards

M

What a ridiculous post.

found a really nice option, £170 a month for a Volkswagen Polo, £45 insurance.  Wish i'd looked into this before buying the mondeo.  I'm paying 100 a month on a loan and 80 a month for insurance, take into account how much it has cost me at the garage and i've lost a small fortune!

Leasing looks incred!

There's plenty of good lease deals out there Sov.

It'll cost you slightly more than buying but you get no hassle and a new car every 2 or 3 years meaning hardly any maintenance charges.

It's worth speaking to the dealers as well about leasing options. They often have some good deals on when they are pushing a particular model.

I've leased my last four cars.

Take a look at http://www.contracthireandleasing.com/ (http://www.contracthireandleasing.com/). In my experience, lease companies have specials of the month. These specials generally can't be matched at dealers. The finance companies bulk buy particular models to drive down the price then give finance packages to suit. These specials will be far more attractive than picking a certain car and then trying to get it for the best price. For example, I was looking to lease a 3 series at one point, and by the time my position was right to lease it, the specials had expired and the car was almost £100 per month more.

In April this year, I started a lease on a new A5. My lease company http://www.scorpion-vehicles.co.uk/ (http://www.scorpion-vehicles.co.uk/) had an offer on it at the time and the lease deal by the dealer was no where near that of Mark Bashforth's at Scorpion.

When looking at prices though make sure you are asking for a personal lease (with VAT) as opposed to the business prices most lease companies quote (less VAT). Other things to take into consideration is the mileage you will be doing. Most deals will be quoted at 10k pa. If you want say 15k, or even 30k, that will increase the monthly cost quite substantially. Also, remember that lease deals are drafted around the residual value of the car at the end of the lease term. Therefore if you add, say a £500 wheel upgrade, to the original specification, you will pay this rather than it being subsidised by the residual of the vehicle as the wheel upgrade has no effect on the vehicles residual value. (e.g. Over 3 years this would be £500/36 months = £13.88 pm extra)

I like that you can also have a new car every 2 or 3 years too! :)

Finally just remember that at the end of the term the car has to be returned in a fair wear and tear state. This basically means spotless in my experience. If it's not, get the interior marks/repairs/paintwork/chipped wheels/etc repaired yourself as they will sting you upon return of the vehicle if they haven't already been seen to.

I hope this helps.

Paul.

I had the same problem a couple of years ago on an A5.

£480 p/m when I first enquired then £620 about a week later!!!!

My sister One of Cos' friends got a great deal on a Lexus IS220 2 years ago. £320 p/m including leather, sports pack and big wheels.

Make sure you shop around Sov. There's some bargains out there if leasing's your bag and Paul has got it pretty much spot on here.

My friend

Give me you budgets for buying a car and if you want 5d and what you look for in a car, I love going through autotrader for fun anyway.

MrsB got a new Fiat500 roundabout christmas time. 9k and Arnold Clark give you a 5k money back guarantee after 4 years (or something like that)

She loves the car and it really is quite good for a car that costs less than 10k.

as long as you go into lease deal knowing that you are not buying the car - you are basically just renting it over a long term, and that at the end of it you will have nothing to show for your money. think of it a bit like renting vs buying a house.


LMAO at a car dealer calling anyone a thief.

One thing to bear in mind when leasing. Sometimes it pays to lie about your annual mileage.
The key is to know what the excess milage penalties are.
For example on my last Honda it was cheaper to put down 10k miles p.a even though I knew I was going to do more than 10k miles because it was cheaper than getting a quote at 15k.

Always know the excess mileage numbers and they change from car to car

For leasing, look no further than www.lingscars.com

Amazing site.

As long as you don't mind paying over the odds then yes this is a great site.

Sneaky.

But yes he's spot on.

Some can be as low as 6p per mile so an extra 5000 miles is only £300 or £25 per month. It would probably be more than £25 extra per month if you declared the 15k miles at the start.

Not strictly true, a house will generally go upp in value where as a car will have very little value after a few years. 

My next car (well van) will be leased.  I paid £10k for a Vectra four years ago and now it's worth approx £2k if I'm lucky.   It wouldn't have cost me that much more to lease a new car and would save me the hassle of trying to sell a car when I'm after a new one.

of course you are right, but a small point worth noting, is that that the best deals on lease cars is often those cars which have a high residual value, as there is more money left at the back end to play with.

you need to do your numbers very carefully, as they can be wildly different for each car.

When you lease a car you are basically taking out a big loan using the car as security.

The payments you make are funding the depreciation on the vehicle and also the interest on the loan.

So for a little example (simplified):

Lease a 20k car for 1 year

Loan amount is 20k. Interest at 10% would be 2k

Car value at end of term estimated at 14k

Total they want off you = 2k + 6k = 8k

Payment per month = 8k/12 = £666 per month.

It is nothing like renting a house. It's a depreciating asset that will eventually be worthless. You are funding the depreciation and paying interest on a loan not paying for the use of the car.

It's actually often worth trying to lease a car a year or so old for this reason.

Cars depreciate loads in year 1 less so in years 2 and 3 then loads again once they have to have an MOT.

I got a 2 year lease on a 1 year old car cheaper than it would have been for a 2 year old car of exactly the same spec because the residuals were better.

Bit of a minefield out there Sov. Good luck finding the best deal.

Where can you lease vehicles that are a year old?  I've only ever seen brand new ones, not that I've looked that much into it.

Silly question but I am sure we got 0% finance on MrsB's vehicle and a X amount back after 4 years...surely that's MUCH better than leasing a vehicle as you have unlimited mileage?

Leasing makes sense for bigger cars but surely not for a car valued at less than 10k new? A 10k only has something like a £170 a month repayment on it and that's you getting unlimited mileage.

The deal you've got with MrsB's car sounds fantastic.

It's much better than leasing because it's at 0%

You are financing the depreciation of the vehicle only and as they have estimated it to be very low it's only costing you about £85 a month.

I'm pretty sure there will be a mileage cap to get you your 5k back though.

Leasing makes just as much sense for smaller cars as big cars if the figures work out right. As I've said you're basically getting a loan to buy the car and then funding the depreciation.

You pay interest on the loan, pay for however much the car loses over the term of the contract and then give it back at the end to pay off the balance of the loan.

It works exactly the same no matter how big or expensive the car.

I have leased before and lots of very good points been made, esp by Matt

I would say this, in summary

1. Lease deals work best if you arent bothered about a specific car, you can get great deals, esp on new models.
2. Shop around for said deals
3. Make sure you crunch the numbers like a mofo, leave no stone unturned. Most deals are structure 3+23 (for 24 months, with the 3 being the non refundable deposit).
4. Make sure VAT is INCLUDED in all your discussions.
5. Always take the model as it comes, never ADD to the specification, you pay for add ons yourself over 2 years - very -ev
6. Seriously consider whether adding servicing options is financially worthwhile (do the maths  - again)

Finally, writing off a car is a disaster if you lease, so if you think your missus is gonna prang it big, then dont do it

GL - ill keep my eyes open for deals

I really like Niche Automotive but it tends to be better for higher value cars

(and on a personal note - i think you shouold probs buy a car at the level you are looking - 18 months old, so that you get 18 months warranty, but it has done some depreciating)

Find a car that's a year old that you want to buy.

Contact the lease company and tell them you want that car.

They will then buy it on your behalf and charge you accordingly.

Not all of them do this obviously but there are quite a lot that do.

This btw.

Just on my phone atm, but wanted to say thank you for all of your replies. Much appreciated!!

The reason I want to buy a new car/lease is because of my experiences with used cars. I've been unlucky but have spent more on my banged out mondeo that it would have cost to buy a brand new small car.

Want to get away from that sickening feeling when something goes wrong, albeit at a premium!

I got a cracking Renault Megane taxed and Mot
1.9 dci dynamique
real clean took it in part ex a few weeks ago I been using it
£2,750
keyless entry ect
panoramic roof all elec air con drives great
if that's any good
rrp around £3,500

meant to add if your not happy with a car off me after a week I will
give u your money back so long as you don't do loads miles etc

well guys i've decided to buy this little bad boy.  Pre-regged with 23miles on the clock!

(http://www.autoweb.co.uk/import_sites/car_pix/1414806629.jpg)

Thanks for all your help.

Pretty pleased with £10,500 plus my Mondeo!

Put it all on ManU to win at the weekend.

They can't draw two in a row

haha, incred!