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Home > Orders (L494) > Help with man maths and others.... |
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timhum Member Since: 06 Mar 2017 Location: Suffolk Posts: 389 |
Do you own the present car and what is it worth? After 36 months it will probably be worth 50% of its present value. So you pay Ā£670 pm and have a chunk of cash at the end. Does your lease calculation assume you put your equity into the new car?
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Wed Nov 11 2020 2:11pm |
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Tedc01 Member Since: 11 Nov 2020 Location: Oxford Posts: 8 |
Sorry- yes own my car worth approx Ā£35k
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Wed Nov 11 2020 2:51pm |
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Nano2nd Member Since: 23 Jul 2020 Location: Leicester Posts: 85 |
have a look on leaseloco
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Wed Nov 11 2020 4:01pm |
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Dave-t Member Since: 18 Jan 2020 Location: Glasgow Posts: 436 |
Man maths is great isnāt it........
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Wed Nov 11 2020 5:45pm |
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Tedc01 Member Since: 11 Nov 2020 Location: Oxford Posts: 8 |
Thanks will take a look later.. |
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Wed Nov 11 2020 7:28pm |
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Tedc01 Member Since: 11 Nov 2020 Location: Oxford Posts: 8 |
I know...I know...I think itās the fact of some decent deals turning up and the thought of potential problems with an older diesel car....allied with man maths it looks feasible... |
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Wed Nov 11 2020 7:33pm |
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m13lky Member Since: 08 Aug 2016 Location: Scotland Posts: 310 |
Ted, Iām in a similar dilemma, I reckon your depreciation will slow to around Ā£5k a year but the time you add in warranty & tax etc your still not far away from a new car with no risk.
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Wed Nov 11 2020 8:15pm |
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syl Member Since: 10 Mar 2016 Location: Somerset Posts: 412 |
Making little assumptions everywhere in the same direction (usual man maths) makes a big difference to the outcome. The monthly depreciation over 3-4 years of your existing car will be less (can you get a 6yr old AB for Ā£15k). Tax will reduce at 5 years. The warranty/recovery need not be so expensive and you are using the price for a new dynamic rather than a new autobiography.
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Thu Nov 12 2020 8:03am |
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Tedc01 Member Since: 11 Nov 2020 Location: Oxford Posts: 8 |
Thanks for the replies-
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Thu Nov 12 2020 10:51am |
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RRSTDV8 Member Since: 12 Aug 2011 Location: Northamptonshire Posts: 8988 |
Man maths always works when you do it, and never works when she checks it! 2012 SDV6 - it's missing a couple of cylinders 2008 TDV8 - it was a labour of love and is much missed |
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Thu Nov 12 2020 11:23am |
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m13lky Member Since: 08 Aug 2016 Location: Scotland Posts: 310 |
Syl good to know itās not just me! My AB is 3 years old now but is on a 4 year pcp, gfv at 4 years old with 25k miles which will probably be right due to lockdown etc is Ā£43k, only being offered Ā£38k now at 3 years old & 19k miles! Iām going to keep for another 6 payments then vt it as that will save me Ā£5k as I would be handing back at 4 years old anyway, dread to think what trade in price will be then, probably Ā£32k if Iām lucky.
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Thu Nov 12 2020 1:21pm |
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mrsammyp Member Since: 04 Nov 2019 Location: Kent Posts: 56 |
Everybody is in different financial circumstances and so we can only comment based on our own personal opinions. Used car values seem to be holding quite well at the moment, and so the depreciation might not actually be that bad.
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Thu Nov 12 2020 2:25pm |
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Tedc01 Member Since: 11 Nov 2020 Location: Oxford Posts: 8 |
I knew I shouldnāt have asked....š³...
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Thu Nov 12 2020 8:09pm |
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Dave-t Member Since: 18 Jan 2020 Location: Glasgow Posts: 436 |
Go sign up with warranty direct, seem to be best option overall Joined the X5 45e club
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Fri Nov 13 2020 6:32am |
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