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From: Adrian on 20 Jul 2010 07:54 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 20 Jul 2010 08:02 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 20 Jul 2010 08:05 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 20 Jul 2010 08:15 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 20 Jul 2010 08:23
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. |