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[Field Marshal Dr. Opti]

Bearing in mind that only around 10% of people make the final balloon payment on PCP, is leasing a better and less expensive alternative?

Always used cash up to this point.

[TheBoy]

I wouldn't mind betting there probably isn't a massive difference.

The maths should be simple enough to work out, even for the educated gentry


We leased cars for ages, though mainly because she could get a good deal through work.  Its now a lot more expensive (though the cars are more upmarket ).  One of my bro's, being a bit soft in the head, often leases crappy S Classes...   ...before stating he will never have another Mercedes again as he's left with a lower spec car for months whilst his expensive lease is constantly in being fixed.  But he reckons there aren't any good deals currently, probably because of a lack of supply of new decent cars.

[Field Marshal Dr. Opti]

I wouldn't mind betting there probably isn't a massive difference.

The maths should be simple enough to work out, even for the educated gentry


We leased cars for ages, though mainly because she could get a good deal through work.  Its now a lot more expensive (though the cars are more upmarket ).  One of my bro's, being a bit soft in the head, often leases crappy S Classes...   ...before stating he will never have another Mercedes again as he's left with a lower spec car for months whilst his expensive lease is constantly in being fixed.  But he reckons there aren't any good deals currently, probably because of a lack of supply of new decent cars.

I tend to struggle with the idea of 'renting' rather than buying.......even on an item that will depreciate.

[Doctor Gollum]

If you don't need to upgrade, don't. The used market should stabilise at some point, and then there should be some decent deals around.

[TheBoy]

If you don't need to upgrade, don't. The used market should stabilise at some point, and then there should be some decent deals around.

Looking at the predictions around automotive semiconductors, I do wonder if we are close to seeing the end of (relatively) cheap 2nd hand newish ICE cars.  We knew it was coming in a few years, but looks like new car supply will be limited for a minimum of another 2 years.

[LC0112G]

We've been waiting nearly a year for some semiconductors ordered at work. When ordered, estimated delivery was Feb2022. Latest delivery expected Jan2023. We're a long way from the semiconductor shortage being over.

[btc]

I have been leasing for the last 9 years manly because i have a friend in the business and he was getting some good deals current lease ends in November and he has nothing sensible available  and doesn't think there will be until late 2023  at the earliest so looks like i will have to buy a used car for the first time in nearly 10 years 

[Rangie]

A lot of my colleagues used to lease but the main reason was to"keep up with the Joneses" nothing would convince me to be in constant debt for a vehicle buy it use it & get rid when it suits you.

[TheBoy]

We've been waiting nearly a year for some semiconductors ordered at work. When ordered, estimated delivery was Feb2022. Latest delivery expected Jan2023. We're a long way from the semiconductor shortage being over.

About a year ago, it was looking like non EV automotive semiconductor shortages would ease in early 2022 due to production runs at the fabs that the semiconductor manufacturers had secured, but that's now extended back to the levels in the IT sector.  Seems partly due to not getting all the production slots promised, and the shear backlog.

[LC0112G]

The stuff we're waiting for is Xilinx FPGA's (XC7A35T). Xilinx are in the process of being bought by AMD, and I'm thinking that part of the problem is they're concentrating on the buyout rather than supplying customer orders.

[Viral_Jim]

Bearing in mind that only around 10% of people make the final balloon payment on PCP, is leasing a better and less expensive alternative?

Always used cash up to this point.

The answer to your question depends entirely on your personal situation. I lease an electric appliance through work because I get a fully maintained car, doing 2000 miles per month, 90% of the 'fuel' free from work, all for a net cost of about £325 pcm net. So for me, leasing is a no brainer.

If you're paying the VAT and ordering a car to your spec, I'll bet there is naff all in it. But you can probably easily compare, use car wow to get a PCP cost and leasing.com to find, well, a lease deal...

Leasing.com occasionally has decent deals on cancelled orders (where mine came from) but obviously you can't choose spec and it's probably no better than a PCP you could get on an in-stock car at a dealer.

[Marks DTM Calib]

The stuff we're waiting for is Xilinx FPGA's (XC7A35T). Xilinx are in the process of being bought by AMD, and I'm thinking that part of the problem is they're concentrating on the buyout rather than supplying customer orders.

That was a major supplier challenge for us also, we use a part with embedded ARM core for the digital clusters.........supply has not been zero, just limited.

[Marks DTM Calib]

We have preferential lease agreements via work so it really is a no brainer, with the car getting replaced very regularly. The major plus is they are all 'just add fuel' setups with unlimited mileage so very hassle free.

In my case the annual mileage can be upto 40k a year (less due to covid) so depreciation on my own car would be significant, and servicing, tyres, consumables, is not insignificant.

Horse for courses, I do always ensure we actually own at least one car at all times though.

[YZ250]

We have preferential lease agreements via work so it really is a no brainer, with the car getting replaced very regularly. The major plus is they are all 'just add fuel' setups with unlimited mileage so very hassle free.

In my case the annual mileage can be upto 40k a year (less due to covid) so depreciation on my own car would be significant, and servicing, tyres, consumables, is not insignificant.

Horse for courses, I do always ensure we actually own at least one car at all times though.

This is what we did via work for many years.    As you say, no deposit, no road fund, no insurance to sort out and no maintenance costs. I just paid the monthly deduction through my wages and paid for the fuel I put in it. The changeover period was dependent on your mileage so although mine was every nine months, some were as little as three to six months as they didn't want high milers back. It was hassle free motoring.
It allowed me to drive some nice, fast cars that I otherwise wouldn't have been able to afford, for way less monthly than finance would be.    Also, part of my retirement package (at age 58) allowed me to purchase the vehicles that I had at the time for 50% discount. One of them was three months old and the other was barely three weeks old, so I bought them. 
Like you, we always had one car that we owned outright during the leasing period.