I think I've said before Paul the Scout has always attracted me as a very practical and down to earth 4x4 estate.
Currently seems through Ling another 3yr lease would total within a whisker of £14k so very much an equal comparison in basic cost to buy yours or lease again. If the £14k to buy is easy to do for you the decision on known outlay becomes even closer.
The variable becomes the cost of service/repairs on the current car vs retained value. If prices follow current trends I think a safe predicted bottom line value for the current car should be £6k.
You would be unlucky to spend that over 3yrs taking it to 72k as that's actually quite a modest mileage for that model at 6yrs old... the old 12k/yr is so often exceeded these days for cars that suit business use.
Say you allow an average £750/yr for service, MOT, repairs, tyres etc. That will leave you a fund of £3750 to either be a surplus if no big ticket repairs or cover them if you were unlucky. It has to be said though on that particular car major problem needing a new DSG box could swallow that. In truth if it were a manual I'd be more confident of coming out on top financially.
**Note to be 100% fair in the comparison I guess you could spend £1000 over the 3yrs of a new lease on service/tyres as you pay these yourself anyway.
As a matter of interest we've just taken out another Ling lease. Living away from home 23yr old daughter is hardly breaking even and when her 15yr old Polo gave up this summer... and with her having not a penny for a replacement... we went to Ling again for a Citroen C3. We didn't want to use any of our savings to buy her something but the monthly lease payment is not really noticed from income and it will give her a two year breather to get a better job so she can afford her own next time.
Just a note on the Skoda dealers offers. They are being a bit crafty and have three types of lease... the ones they tend to headline have a massive end balloon payment.
Last edited by: Fenlander on Wed 19 Sep 18 at 10:44
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