From: Adrian on
Chelsea Tractor Man <mr.c.tractor(a)hotmail.co.uk> gurgled happily, sounding
much like they were saying:

>>> Is it a fraction of the cost? If it was everybody would use leasing
>>> who now buys new and sells after three years. A RR Sport is over £700
>>> a month to lease, that's £25,200 for the three years. The depreciation
>>> would be fairly similar for that period.

>> Indeed - but that forgets the cost of financing the rest of it.
>> Certainly one of the main benefits of a lease to a business don't apply
>> to an individual - moving the cost from capital expenditure on a fixed
>> asset to operating expenditure - but there's certainly a lot of people
>> who wouldn't want to tie £50k up in a depreciating car, but would be
>> quite happy to have a monthly direct debit payment.

> I'm sure there are. You have to look at the individual circumstances.
> When I last bought, they were offering big discounts and I had the cash
> in the b. society earning pitiful interest. Also I do not sell after 3
> years, for somebody else a lease might have been better. My only point
> was leasing isn't a fraction of the cost.

Don't forget, too, that dealers usually earn large commission on the
finance packages.

> Its always going to be roughly similar, theres no free lunch.

You know that. I know that. We're financially literate.
From: The Peeler on
On Tue, 20 Jul 2010 12:53:00 +0100, Chelsea Tractor Man
<mr.c.tractor(a)hotmail.co.uk> wrote:

>On Tue, 20 Jul 2010 19:51:27 +0800, The Peeler wrote:
>
>> Maybe they don't *have* 50K but like to pretend they do?
>
>If you can afford �700 a month you can raise �50,000, the cost over 3 years
>will be similar.

700 x 36 = 25200
From: Adrian on
The Peeler <peelingthe(a)invalid.admin> gurgled happily, sounding much like
they were saying:

>>> Maybe they don't *have* 50K but like to pretend they do?

>>If you can afford £700 a month you can raise £50,000, the cost over 3
>>years will be similar.

> 700 x 36 = 25200

You seem to forget that only the depreciation is being financed.
From: The Peeler on
On 20 Jul 2010 12:05:53 GMT, Adrian <toomany2cvs(a)gmail.com> wrote:

>The Peeler <peelingthe(a)invalid.admin> gurgled happily, sounding much like
>they were saying:
>
>>>> Maybe they don't *have* 50K but like to pretend they do?
>
>>>If you can afford �700 a month you can raise �50,000, the cost over 3
>>>years will be similar.
>
>> 700 x 36 = 25200
>
>You seem to forget that only the depreciation is being financed.

You seem to forget that there are other costs associated with owning a
car as opposed to leasing one.
From: Adrian on
The Peeler <peelingthe(a)invalid.admin> gurgled happily, sounding much like
they were saying:

>>>>If you can afford £700 a month you can raise £50,000, the cost over 3
>>>>years will be similar.

>>> 700 x 36 = 25200

>>You seem to forget that only the depreciation is being financed.

> You seem to forget that there are other costs associated with owning a
> car as opposed to leasing one.

Are you assuming all leases include all maintenance, consumables and
similar costs? If so, you'd be wrong.
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