Darbs wrote:

They also said only five percent of their cars are paid for outright.

Yet, 55% here say they do that.

I am not seeing the benefit of dropping a huge lump of wonga down on something that will drop in value like a stone the moment you drive it out of the showroom and continue to do so. Isn't it better to use the £ for more productive things and cough up £225 a week on a lease deal? Get a 2005-2009 RRS (FAH500210) sat nav/dash mat here - the one that wasn't there when you bought the car.

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Stuart wrote:

Looking at the poll results, I'm surprised how few do leasing.

On Lings, the RRS starts at £2600 down and £890 a month, over 4 years inc road tax.

How does that compare with the costs for you folks who are not all-cash buyers?

Stuart wrote:

Darbs wrote:

They also said only five percent of their cars are paid for outright.

Yet, 55% here say they do that.

I am not seeing the benefit of dropping a huge lump of wonga down on something that will drop in value like a stone the moment you drive it out of the showroom and continue to do so. Isn't it better to use the £ for more productive things and cough up £225 a week on a lease deal?

I totally get it from a contractor point of view. Money pours into your bank for a few months then you might have three months of nothing. In that situation, especially with dire interest rates, I'd probably do an outright buy or a big deposit deal.

In my case, we sell online, we have seasonal fluctuations, but money pretty much drips in 365.

Last time I bought it was £15k, I could manage that. But looking at the new shape, £40k seems entry level. Thats a lot of wonga to slap down in one.

I'm not eager to drop a load of already earned money on a fast depreciating item that I could use for developing and launching new product lines. I'd rather take the lowest monthly cost into ownership route. Why I am looking at leasing.

What I am trying to work out is is dropping say £10k in readies, an £8kish PX and a low cost loan cheaper ongoing than using a leasing type of deal. Or is dropping £2600 down and £860 a month better value?

Or even maybe wait 12 months while values fall, save up a bit and buy outright. Get a 2005-2009 RRS (FAH500210) sat nav/dash mat here - the one that wasn't there when you bought the car.

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I did 40 grand dipper in on my SVR .
That was the max permissible deposit.

Could I have funded it entirely , yes , would I prefer to use someone else's money - definitely 😂 2019 Svr and 2019 R35 GTR

My current RRS is on an LR PCP but have bought cars using bank loans and even HP (low low rate compared to the loans and PCP when I did it) and once paid on my personal Platinum Amex Card to get 55,000 points that at the end of the year I can donate to a charity via Amex - I give mine to Great Ormond Street Hospital annually. Dealer agreed to it but the trader fees for them to Amex were high....... I was buying a completely new launch car so couldn't get any discount so it cost the dealer in another way. I was surprised that they agreed to it. The interest free period gave me more time to look round for better finance deals than LR were offering too. I think the last car I paid cash for was my first car - a Ford Fiesta 1.1L bought from my Mum! 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
2018 Melting Silver Mini Countryman PHEV - soon to be replaced
2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care
Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW

Sorry Tim, but I have to ask, would your Mum not give you credit ?  In Spain - 2018 F Pace - Frightened away from the Sports due to crank failures
Gone - A couple of RRS, A couple of Disco's. However thinking of another Sport.

So after some deliberation, I decided to go into a new shape for all money early next year, and here's why:

*I like to register my cars to a third party company I have for that purpose to avoid bureaucracy and nonsense (much of that nowadays).
*I use a 3rd party trade multiple vehicle insurance cover - always have - and dont want to fork out for fully comp to suit some finance company.
*I dont want to be at the mercy of some finance company at the end of a lease while we bicker over any and every scratch and detail and/or mileage charges.
*I'm old school - I like to own things.

So £35k seems entry level buying from LR with a warranty now. By early next year the pool of cars will widen at that money from what they are now. As these cars are notoriously unreliable, I think a dealer warranty is a must. At least I'll get a couple of years with someone else picking up the big bills that way.

My old one is no longer a PX, it seems to work and my wife has baggsied it .

I'd buy something else more reliable but nothing really seems to compare. I dont fancy one of those Porsche things that look like a frog, or the Audi one as it looks, well... meh.

Like an iPhone, the RRS seems to be the only thing worth considering in the niche.

So I am saving up, £5k is in the pot already after a short time, I'll find £10k from under the mattress, flog off an older car we have, and even if I use a modest general loan to help out, we'll soon be there without much pain.......  Get a 2005-2009 RRS (FAH500210) sat nav/dash mat here - the one that wasn't there when you bought the car.

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Last edited by Stuart on Mon Nov 27 2017 11:47pm. Edited 1 time in total

Good luck with your purchase.

But when you say “L/R warranty and some one else picking up the bills for couple of years”!!!!!
Those two comments don’t fit together very well going on some of the recent threads
Crank Failures !!!!!! Porsche Cayenne 2022
gone Porsche Cayenne 2020
gone Corris Grey HSE Dynamic 2016
gone Ipanema HSE lux 2010
gone Rimini HSE 2005
!!

I might have to start reading the warranty topics more closely now. Are they squirming out of honouring their own warranty? Get a 2005-2009 RRS (FAH500210) sat nav/dash mat here - the one that wasn't there when you bought the car.

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Yes Stuart,,i sold my14 AB about 8 weeks ago,,customer had it 2 weeks with about 10 months LR approved warranty still remaining & they are refusing to cover now the crank has snapped,,they are wanting 22k for new engine.

Andy. Andy.
21 Ford Ranger
Gone but not forgotten
Focus RS Red Edition
2015 RRS AB Fuji.
2014 RRS SC Santorini
2016 VW Amarok
2014 RRS AB Fuji
2012 RRS Red Edition Fuji
2015 Nissan Navara
2012 RRS SE Santorini
2008 RRS White
2007 RRS Santorino

Yes, I've found the topic now and replied there. Thanks.

It is making me reconsider, I like stuff that works without pain. And if it does break, a painless and fast fix. The automotive version of a Sebo vacuum or an iPhone really.

I can't say I'm overjoyed reading the crank story. What else are we all buying instead? Get a 2005-2009 RRS (FAH500210) sat nav/dash mat here - the one that wasn't there when you bought the car.

Spiffing wheel centre caps available

Not as big as an RRS and it will fit in my garage which no modern Land Rover does, i’ve Just placed an order for the new Mini Countryman PHEV after an extended (96 hour) test drive - quieter than my L494 in both electric and petrol modes, 60mpg on petrol, 26 miles on electric only, very comfortable seating and the suspension beats any steel sprung Land Rover hands down. I don’t carry many passengers or tons of gear in the boot but the rear seats get family approval for comfort and ease of access and the boot is quite bi enough for me. £10 a year VED, no Rich Bastard Luxury Car Tax and the batteries charge in 2.5hours from a 13 amp socket and <30 minutes on a public rapid charger, I can also recharge using my home solar array and not stop exporting to the grid on a brighter day........... That is what i’m Replacing my totally reliable 2015.5MY with in April 2018, only because LR refuses to allow their insurer to cover the crankshaft issue.......... 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
2018 Melting Silver Mini Countryman PHEV - soon to be replaced
2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care
Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW