New fiesta st, thoughts.
29 June 2014, 11:36 AM
#31
Only ever bought 1 car on finance and that was for the missus, she had a brand new Fiat Punto back in 2010 paid £2k deposit and £115 a month on finance, after a couple of years she got bored and we had bought another car for her to use for work, so decided to sell the Punto, which was the hardest car ive ever had to sell.
First of all because its on finance you have to pay the remaining balance of the car off before you can sell it(which is understandable as the finance company own it), then the cars finance was more then what the car was worth
even though I had put a £2k deposit down and paid £115 a month for 2 years
So I decided that I would pay the remaining balance off on a credit card and then sell the car off to pay the credit card, No can do you cant pay a debt off with another debt I was told by the finance company!!
Lucky enough sold the car to a family member who paid us and then we paid the remaining balance of the finance off. But thats the only experience I have ever had with car finance and that was enough to put me off.
Finance is probably ok if you can keep a car for the full term, but me and the missus never keep a car long enough then 2 years, so its no good to us!! But then if you want a nice brand new car then the only way is finance unless you are fortunate to be able to pay a brand new car off in full which 90% of us are not in a position to do when you got other big bills every month.
First of all because its on finance you have to pay the remaining balance of the car off before you can sell it(which is understandable as the finance company own it), then the cars finance was more then what the car was worth
even though I had put a £2k deposit down and paid £115 a month for 2 years So I decided that I would pay the remaining balance off on a credit card and then sell the car off to pay the credit card, No can do you cant pay a debt off with another debt I was told by the finance company!!Lucky enough sold the car to a family member who paid us and then we paid the remaining balance of the finance off. But thats the only experience I have ever had with car finance and that was enough to put me off.
Finance is probably ok if you can keep a car for the full term, but me and the missus never keep a car long enough then 2 years, so its no good to us!! But then if you want a nice brand new car then the only way is finance unless you are fortunate to be able to pay a brand new car off in full which 90% of us are not in a position to do when you got other big bills every month.
29 June 2014, 12:17 PM
#32
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With the lease deal after the term you have an option to buy it or send it back. The concern is keeping the same car for two years as I tend to get bored. Starting to think my car has a mind of its own as it's driving exceptionally well lol. Tbh if I was a 100% I would have done it by now. I'm still in two minds but need to drive one which at the moment I haven't much spare time. The appeal is no big bills with a new car. On the flip side can I see my car costing £5k in repairs over the next two years, hope not.
29 June 2014, 01:43 PM
#33
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Get a car on Finance but only use PCP where there is a balloon at the end, This way you can do 3 things
Keep it at end by paying balloon
Terminate car at end of 3 or 4 year deal get a new one.
Terminate it halfway through PCP deal IE 3 years = 13 Months 4 years 24 Months, does not effect Credit score. Its called Voluntary Termination, I do it with all mine easy as pie.
Finance is normally cheaper than Bank also.
Keep it at end by paying balloon
Terminate car at end of 3 or 4 year deal get a new one.
Terminate it halfway through PCP deal IE 3 years = 13 Months 4 years 24 Months, does not effect Credit score. Its called Voluntary Termination, I do it with all mine easy as pie.
Finance is normally cheaper than Bank also.
29 June 2014, 02:21 PM
#34
If you can hang on for about 6 months....
http://www.carreviews2015.com/2015-f...-release-date/
http://www.autoexpress.co.uk/ford/fi...esta-rs-coming
Last edited by joz8968; 29 June 2014 at 02:26 PM.
29 June 2014, 05:21 PM
#35
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If you can hang on for about 6 months....
http://www.carreviews2015.com/2015-f...-release-date/
http://www.autoexpress.co.uk/ford/fi...esta-rs-coming
Off topic ..... if Ford price the new RS Fiesta at £23k and VW bring out the new Polo R for much the same money it will be a hard sell.
29 June 2014, 05:25 PM
#36
I know.
Just posted that in case he might want to consider a RS instead of the ST (obviously for more outlay!).
After all you know what we can be like when the current flagship gets top trumped. Heart over head and all that.
Just posted that in case he might want to consider a RS instead of the ST (obviously for more outlay!).
After all you know what we can be like when the current flagship gets top trumped. Heart over head and all that.
Last edited by joz8968; 30 June 2014 at 04:26 PM.
29 June 2014, 06:38 PM
#37
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29 June 2014, 07:58 PM
#38
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On the new vs old note, I used to run a 2.0 diesel Transit for my plumbing Business. Paid £2500 plus Vat for it. Used to average 30mpg and cost me on average across a tax year £336 a month on fuel.
Last December I traded her in for £1600 no vat and bought a Peugeot Partner pre reg for £8795 plus vat with 25miles and 33 months warranty. Across tax year 13/14 it's diesel cost has been £162 a month. That's a saving of £170 a month on fuel.
So at 8795 plus 20% - 1600 trade in is 8954 divide that by saving of 170 = 52 months and it's paid for. Technically free and better imagine for the company and more reliable.
Well worth it now I want a new car!
Last December I traded her in for £1600 no vat and bought a Peugeot Partner pre reg for £8795 plus vat with 25miles and 33 months warranty. Across tax year 13/14 it's diesel cost has been £162 a month. That's a saving of £170 a month on fuel.
So at 8795 plus 20% - 1600 trade in is 8954 divide that by saving of 170 = 52 months and it's paid for. Technically free and better imagine for the company and more reliable.
Well worth it now I want a new car!
29 June 2014, 08:02 PM
#39
You've been lucky Ditch...
But even with those figures you've given us, a new Up! (for example) will have cost you £3000 less to fuel, added to the £1400 you spent, equates to £120 per month.
So the £100 lease would actually have saved you money.
And that's not taking into account lower insurance, zero VED and zero breakdown cover.
In my situation, I could lease the Fiesta ST, effectively for FREE, simply by the fuel I'd save compared to the Impreza.
But even with those figures you've given us, a new Up! (for example) will have cost you £3000 less to fuel, added to the £1400 you spent, equates to £120 per month.
So the £100 lease would actually have saved you money.
And that's not taking into account lower insurance, zero VED and zero breakdown cover.
In my situation, I could lease the Fiesta ST, effectively for FREE, simply by the fuel I'd save compared to the Impreza.
FYI the Rover has averaged around 40mpg and I just got 34.9 over 1100 miles in the blob driving back from Croatia thursday to saturday.
I doubt very much leasing a new car will save me money.
Last edited by ditchmyster; 29 June 2014 at 08:09 PM.
29 June 2014, 08:20 PM
#41
On the new vs old note, I used to run a 2.0 diesel Transit for my plumbing Business. Paid £2500 plus Vat for it. Used to average 30mpg and cost me on average across a tax year £336 a month on fuel.
Last December I traded her in for £1600 no vat and bought a Peugeot Partner pre reg for £8795 plus vat with 25miles and 33 months warranty. Across tax year 13/14 it's diesel cost has been £162 a month. That's a saving of £170 a month on fuel.
So at 8795 plus 20% - 1600 trade in is 8954 divide that by saving of 170 = 52 months and it's paid for. Technically free and better imagine for the company and more reliable.
Well worth it now I want a new car!
Last December I traded her in for £1600 no vat and bought a Peugeot Partner pre reg for £8795 plus vat with 25miles and 33 months warranty. Across tax year 13/14 it's diesel cost has been £162 a month. That's a saving of £170 a month on fuel.
So at 8795 plus 20% - 1600 trade in is 8954 divide that by saving of 170 = 52 months and it's paid for. Technically free and better imagine for the company and more reliable.
Well worth it now I want a new car!
I love this it's free, you just made a poor choice first time round, now you've shelled out £10k and still paying £162 a month on fuel.Ps in 52 months the pug will be worth 52p and your £8k is gone.
Last edited by ditchmyster; 29 June 2014 at 08:27 PM.
29 June 2014, 08:23 PM
#42
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good deal IMBH, ignore the haters of new cars, nothing like that new smell, However they do have some points,
Ford and Vauxhall drop like stones, 30K Astra VXR is worth 20k soon as it leaves showroom, You could buy a 5k clio but would you really want to, Naa I thought not.
Lease deals are good if you don't mind spunking the cash over 2 or 3 years. I myself have a company allowance, if I was sensible id buy a 10k Astra and pocket the rest but im not. I want a 45k A45 so I PCP it at over 500 a month and hand it back should I want to. I,ll never have 45k ever, no matter how hard I save up.
90% of the country cars are on the Tick, if you live in the cant afford it cash gang youll drive sheds most of your life, and if your on 70k a year Plus for anything worth driving it takes some saving....
Buy it mate and enjoy it, live for today not the future
Out of interest how much is it on PCP with Ford, if u take it over 3 years, once you've paid Half you can hand it back so 18 Months in terminate the finance. At least then at the end of 3 years should u keep it, you can pay the lump sum and its yours. Lease will offer u it also after the 2
Ford and Vauxhall drop like stones, 30K Astra VXR is worth 20k soon as it leaves showroom, You could buy a 5k clio but would you really want to, Naa I thought not.
Lease deals are good if you don't mind spunking the cash over 2 or 3 years. I myself have a company allowance, if I was sensible id buy a 10k Astra and pocket the rest but im not. I want a 45k A45 so I PCP it at over 500 a month and hand it back should I want to. I,ll never have 45k ever, no matter how hard I save up.
90% of the country cars are on the Tick, if you live in the cant afford it cash gang youll drive sheds most of your life, and if your on 70k a year Plus for anything worth driving it takes some saving....
Buy it mate and enjoy it, live for today not the future
Out of interest how much is it on PCP with Ford, if u take it over 3 years, once you've paid Half you can hand it back so 18 Months in terminate the finance. At least then at the end of 3 years should u keep it, you can pay the lump sum and its yours. Lease will offer u it also after the 2
Sometimes it's better in your head to buy new, other times there is a massive saving to be made buying nearly new or whatever.
But there is no shame to buy a car on a pcp if you want a new one. You simply pay the depreciation, whereas if you buy the car new you have lost the same amount and then have to go through the hassle of selling it or trading in.
That Fiesta deal looks good. Just over £5k for hassle free motoring with a grin on your face for two years. And less depreciation you'd see if you bought the car from a dealer or bought another model.
29 June 2014, 08:28 PM
#44
...Found this video and it gave me a chuckle!!
Video Link: https://www.youtube.com/watch?v=0u5xYhjX_68
Video Link: https://www.youtube.com/watch?v=0u5xYhjX_68
WTF.
Retard lol
Last edited by joz8968; 29 June 2014 at 08:29 PM.
29 June 2014, 08:29 PM
#45
Ditchy is this the famous Ferrari beating Rover???
Found this video and it gave me a chuckle!!
Ferrari f40 vs rover 45 - YouTube
Found this video and it gave me a chuckle!!
Ferrari f40 vs rover 45 - YouTube
29 June 2014, 09:58 PM
#49
Scooby Regular
On the new vs old note, I used to run a 2.0 diesel Transit for my plumbing Business. Paid £2500 plus Vat for it. Used to average 30mpg and cost me on average across a tax year £336 a month on fuel.
Last December I traded her in for £1600 no vat and bought a Peugeot Partner pre reg for £8795 plus vat with 25miles and 33 months warranty. Across tax year 13/14 it's diesel cost has been £162 a month. That's a saving of £170 a month on fuel.
So at 8795 plus 20% - 1600 trade in is 8954 divide that by saving of 170 = 52 months and it's paid for. Technically free and better imagine for the company and more reliable.
Well worth it now I want a new car!
Last December I traded her in for £1600 no vat and bought a Peugeot Partner pre reg for £8795 plus vat with 25miles and 33 months warranty. Across tax year 13/14 it's diesel cost has been £162 a month. That's a saving of £170 a month on fuel.
So at 8795 plus 20% - 1600 trade in is 8954 divide that by saving of 170 = 52 months and it's paid for. Technically free and better imagine for the company and more reliable.
Well worth it now I want a new car!
29 June 2014, 11:19 PM
#50
My calcs had allowed for your 214 doing 40mpg and a new Up! doing 60mpg.
Over the course of your 60k miles, you would have saved £3000 simply in fuel costs.
Together with all the other incentives a new car offers, a £100 lease car WILL have saved you money.
For those who have mentioned PCP's... The lease deals the OP mentioned are much, much cheaper than any PCP offer out there at the moment.
For those mentioning buying nearly new or ex-demo to avoid the initial depreciation... Financing a used car often works out MORE expensive than buying new on a PCP, as you don't get the cheap finance incentives.
29 June 2014, 11:29 PM
#52
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Nope, not really...
My calcs had allowed for your 214 doing 40mpg and a new Up! doing 60mpg.
Over the course of your 60k miles, you would have saved £3000 simply in fuel costs.
Together with all the other incentives a new car offers, a £100 lease car WILL have saved you money.
For those who have mentioned PCP's... The lease deals the OP mentioned are much, much cheaper than any PCP offer out there at the moment.
For those mentioning buying nearly new or ex-demo to avoid the initial depreciation... Financing a used car often works out MORE expensive than buying new on a PCP, as you don't get the cheap finance incentives.
My calcs had allowed for your 214 doing 40mpg and a new Up! doing 60mpg.
Over the course of your 60k miles, you would have saved £3000 simply in fuel costs.
Together with all the other incentives a new car offers, a £100 lease car WILL have saved you money.
For those who have mentioned PCP's... The lease deals the OP mentioned are much, much cheaper than any PCP offer out there at the moment.
For those mentioning buying nearly new or ex-demo to avoid the initial depreciation... Financing a used car often works out MORE expensive than buying new on a PCP, as you don't get the cheap finance incentives.
With only a £20 monthly payment difference x 60 as based on oh when we looked. £1200 got you brand new with lifetime warranty. Bargain I say!
30 June 2014, 11:52 AM
#53
Nope, not really...
My calcs had allowed for your 214 doing 40mpg and a new Up! doing 60mpg.
Over the course of your 60k miles, you would have saved £3000 simply in fuel costs.
Together with all the other incentives a new car offers, a £100 lease car WILL have saved you money.
For those who have mentioned PCP's... The lease deals the OP mentioned are much, much cheaper than any PCP offer out there at the moment.
For those mentioning buying nearly new or ex-demo to avoid the initial depreciation... Financing a used car often works out MORE expensive than buying new on a PCP, as you don't get the cheap finance incentives.
My calcs had allowed for your 214 doing 40mpg and a new Up! doing 60mpg.
Over the course of your 60k miles, you would have saved £3000 simply in fuel costs.
Together with all the other incentives a new car offers, a £100 lease car WILL have saved you money.
For those who have mentioned PCP's... The lease deals the OP mentioned are much, much cheaper than any PCP offer out there at the moment.
For those mentioning buying nearly new or ex-demo to avoid the initial depreciation... Financing a used car often works out MORE expensive than buying new on a PCP, as you don't get the cheap finance incentives.
I also think I would have spent a lot more on servicing over the same period, again I would like to be proven wrong as I may well consider a new car for the wife if the sums add up.
30 June 2014, 01:05 PM
#54
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I don't know of any 3yr old petrol cars that will average 60mpg and are the same size as the Rover 200, please enlighten me, can't do diesel as too many short trips and i'm afraid of all the dpf/dmf etc failures.
I also think I would have spent a lot more on servicing over the same period, again I would like to be proven wrong as I may well consider a new car for the wife if the sums add up.
I also think I would have spent a lot more on servicing over the same period, again I would like to be proven wrong as I may well consider a new car for the wife if the sums add up.
30 June 2014, 01:14 PM
#55
Scooby Regular
servicing cars over 5 years old is a complete waste of time and money imo
and at main dealers you need your head examined, unless you like having open wallet surgery performed on you
they always come back running worse -
I use the yearly MOT (great value imo) and my own ability to change all the fluids when required (gearbox/transfer case - differentials and oil)
not difficult really
I know when something is "wrong" - like the other day when I had a noisy pulley on my Audi - took it too my local (great) garage , had a sensible grown up conversation with the head technician and all sorted.
I don't need to pay some spotty teenager to spray some overpriced WD40 in my bonnet catches, and fill my washer bottle ffs
I have spent less than 2.5K on my audi in the last 90,000 miles
and at main dealers you need your head examined, unless you like having open wallet surgery performed on you
they always come back running worse -
I use the yearly MOT (great value imo) and my own ability to change all the fluids when required (gearbox/transfer case - differentials and oil)
not difficult really
I know when something is "wrong" - like the other day when I had a noisy pulley on my Audi - took it too my local (great) garage , had a sensible grown up conversation with the head technician and all sorted.
I don't need to pay some spotty teenager to spray some overpriced WD40 in my bonnet catches, and fill my washer bottle ffs
I have spent less than 2.5K on my audi in the last 90,000 miles
Last edited by hodgy0_2; 30 June 2014 at 01:17 PM.
30 June 2014, 07:16 PM
#56
I don't know of any 3yr old petrol cars that will average 60mpg and are the same size as the Rover 200, please enlighten me, can't do diesel as too many short trips and i'm afraid of all the dpf/dmf etc failures.
I also think I would have spent a lot more on servicing over the same period, again I would like to be proven wrong as I may well consider a new car for the wife if the sums add up.
I also think I would have spent a lot more on servicing over the same period, again I would like to be proven wrong as I may well consider a new car for the wife if the sums add up.
The common diesel issues you mention are unlikely to materialise in a car's first three years; even less so as you'll be doing 20k miles per year in it.
In the unlikely event it does break, it's not even your problem... Just hand it back to a dealer. They'll clean it. They'll give you a courtesy car. They'll even pay for the repair.
Don't get me wrong... The cheapest form of motoring is in a reliable, economical shed. Trouble is, most sheds aren't reliable, nor economical and attempting to do 60k trouble-free miles is one is nigh on impossible.
30 June 2014, 07:23 PM
#57
I don't know of any 3yr old petrol cars that will average 60mpg and are the same size as the Rover 200, please enlighten me, can't do diesel as too many short trips and i'm afraid of all the dpf/dmf etc failures.
I also think I would have spent a lot more on servicing over the same period, again I would like to be proven wrong as I may well consider a new car for the wife if the sums add up.
I also think I would have spent a lot more on servicing over the same period, again I would like to be proven wrong as I may well consider a new car for the wife if the sums add up.
All the lease company's do reasonably priced service plans now.
Some manufacturers are throwing in free servicing for the duration.
Also remember, something on a two year lease will only require an oil change service at the end of year 1. You'll give it back before the year 2 service is due. Most manufacturers will do an oil change service for £150, so effectively you'll only ever pay £75 per year servicing.
Last edited by eafertynyne; 30 June 2014 at 08:16 PM.
30 June 2014, 09:42 PM
#60
Agreed, servicing will be more expensive, but you won't have a 'big' service to pay for in a two year lease.
All the lease company's do reasonably priced service plans now.
Some manufacturers are throwing in free servicing for the duration.
Also remember, something on a two year lease will only require an oil change service at the end of year 1. You'll give it back before the year 2 service is due. Most manufacturers will do an oil change service for £150, so effectively you'll only ever pay £75 per year servicing.
All the lease company's do reasonably priced service plans now.
Some manufacturers are throwing in free servicing for the duration.
Also remember, something on a two year lease will only require an oil change service at the end of year 1. You'll give it back before the year 2 service is due. Most manufacturers will do an oil change service for £150, so effectively you'll only ever pay £75 per year servicing.
The Rover might be a **** box but it aint going to cost £8k in 4yrs, and having just gone through an MOT at a cost of £150, which would have been less if I was here at the time, it's good to go for it's 4th year and probably in the region of 15/20k more miles. Having just spent the weekend being driven around by the Mrs aint no ******* way i'm buying her a decent motor, she'd smash the **** out of a modern german whip, steel wheels ftw.