Cupra 280 Depreciation

[toplad]

Leasing is never a smart financial decision.
It's like renting an apartment, you don't own anything but you have to pay a fee every month. When you move out you give back the keys and you are done.

I wanted an RS4 but that costs twice as much in initial cost and about 4 times more in owning costs.
Not worth it. The prices on RS / M / AMG cars have gone through the roof , especially in owning costs.

Just make sure you get a good deal when you buy a car and deprecation shouldn't be a big deal, unless you sell it 10 years down the road

I disagree... You plan your exit with lease..

But it you want a particular car with particular options then yeah the cost can go through the the roof.


With lease you Go for the deal not the car.

I've got a fr 184 for 2 years at a cost of £5.2k I know I would of post way more if I bought new.



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[YerMaw]

Leasing is never a smart financial decision.
It's like renting an apartment, you don't own anything but you have to pay a fee every month. When you move out you give back the keys and you are done.

I wanted an RS4 but that costs twice as much in initial cost and about 4 times more in owning costs.
Not worth it. The prices on RS / M / AMG cars have gone through the roof , especially in owning costs.

Just make sure you get a good deal when you buy a car and deprecation shouldn't be a big deal, unless you sell it 10 years down the road

The market must be very different in Sweden (i note that's where you're from).

In the UK your options are
1. lease a brand new cupra for around £6500 for 2 years
2. finance a brand new cupra paying roughly £15000 over 4 years and if you're very very lucky there might be £1000 equity at the end.
3. Basically the same as above only your making one big payment then depreciating at exactly the same rate.

Note that with number 2 and 3 that due to the decelerating nature of the depreciation curve you will lose a hell of a lot more than £6500 if you decide to change in the first 2 years.

 

[YerMaw]

Just looked up to see what my balloon payment is. It is £11,655. I wonder what it will be worth in 2018. It is such a lot of car for the money! At the current rate of depreciation though I doubt it would be worth £11,655 in November 2018! Feeling really shafted...

If you are on finance then surely the GFV was stated before you signed the agreement? How have you been shafted? GFV can't be altered on your agreement once the contract is signed.

 

[surrealjam]

Leasing is never a smart financial decision.
It's like renting an apartment, you don't own anything but you have to pay a fee every month. When you move out you give back the keys and you are done.

It also looks like you're making a common mistake of comparing car ownership to house ownership. Houses generally appreciate in value while cars (especially new ones) depreciate - really fast! Why would you want to have lots of your hard-earned equity sitting out on the driveway while every day and mile that passes its value decreases?

"If it appreciates - buy it. If it depreciates - lease it." is a commonly quoted phrase (though admittedly not specifically about car ownership )

 

[Redline]

It also looks like you're making a common mistake of comparing car ownership to house ownership. Houses generally appreciate in value while cars (especially new ones) depreciate - really fast! Why would you want to have lots of your hard-earned equity sitting out on the driveway while every day and mile that passes its value decreases?

"If it appreciates - buy it. If it depreciates - lease it." is a commonly quoted phrase (though admittedly not specifically about car ownership )

I haggled the depreciation of the first 2 years as a rebate when i bought the car.
I don't know how you peps roll.

Leasing is expensive and not worth it here.

 

[toplad]

I haggled the depreciation of the first 2 years as a rebate when i bought the car.

I don't know how you peps roll.



Leasing is expensive and not worth it here.

If you not bothered about it being brand new.. Used is cheapest

If you want new but change your car often lease is best.

If want a new car to your spec and plan to mod or keep longer than x time
Buying new is best


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[QuietQuackers]

If you not bothered about it being brand new.. Used is cheapest

If you want new but change your car often lease is best.

If want a new car to your spec and plan to mod or keep longer than x time
Buying new is best


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Finally some sense in this thread.

 

[kazand]

Finally some sense in this thread.

↑↑↑what he said .