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[STEMO]

Well...it's like this young Tunnie: whilst it's prudent to plan for your retirement, I wouldn't deny yourself too much right now. Because the way things are going in the wider world...........

[tunnie]

Hence looking at i5 Touring, sat in one last week. I did very much like it. Would order with a tow bar, so I can haul a trailer, bike carrier on the back. (kids are loving cycling at the moment)

I would also shift the spend into money "I do not see" and free up some funds that do hit by bank account.

Plus changes in taking kids in etc, increased miles.

[Field Marshal Dr. Opti]

Hence looking at i5 Touring, sat in one last week. I did very much like it. Would order with a tow bar, so I can haul a trailer, bike carrier on the back. (kids are loving cycling at the moment)

I would also shift the spend into money "I do not see" and free up some funds that do hit by bank account.

Plus changes in taking kids in etc, increased miles.

What would be the down payment and subsequent monthly payments on that?

It's a nice enough car but a bit 'generic' perhaps.

[tunnie]

Hence looking at i5 Touring, sat in one last week. I did very much like it. Would order with a tow bar, so I can haul a trailer, bike carrier on the back. (kids are loving cycling at the moment)

I would also shift the spend into money "I do not see" and free up some funds that do hit by bank account.

Plus changes in taking kids in etc, increased miles.

What would be the down payment and subsequent monthly payments on that?

It's a nice enough car but a bit 'generic' perhaps.

Salary Sacrifice = No down payment.

Cost can vary dramatically, based on personal tax status. (20%/40%/60% tax payer)

I worked out the real world loss to me is £475/m.

That was 15k pa, i5 Touring, various packs, active suspension, tow bar, everything I would want.

That £475 includes the car, insurance, maintenance, tyres etc. Other cars with same deal:

£400 I could have a Tesla Model Y RWD

£275 for a Renult 5.

[TheBoy]

These figures you guys are bandying around are making my head hurt! 

Me too, that's why we drive crap old cars

[Kevin Wood]

These figures you guys are bandying around are making my head hurt! 

Me too, that's why we drive crap old cars

With new cars getting more crap with every model year, who are the fools here?

[Sir Tigger KC]

These figures you guys are bandying around are making my head hurt! 

Me too, that's why we drive crap old cars

With new cars getting more crap with every model year, who are the fools here?

Tunnie's annual budget for his new rental, is about the same as my budget for my next new to me car, which I expect will last me at least 5 years. 

[Field Marshal Dr. Opti]

I suppose a lot depends if you are mortgage free or not.

If you are there is money available for other things.......although I believe Tunnie is too young to have paid off his mortgage.

[Field Marshal Dr. Opti]

These figures you guys are bandying around are making my head hurt! 

Me too, that's why we drive crap old cars

With new cars getting more crap with every model year, who are the fools here?

Tunnie's annual budget for his new rental, is about the same as my budget for my next new to me car, which I expect will last me at least 5 years. 

£475 x 12= £5700

Over 3 years £17100.

I've no idea if that is good or bad.

[Sir Tigger KC]

These figures you guys are bandying around are making my head hurt! 

Me too, that's why we drive crap old cars

With new cars getting more crap with every model year, who are the fools here?

Tunnie's annual budget for his new rental, is about the same as my budget for my next new to me car, which I expect will last me at least 5 years. 

£475 x 12= £5700

Over 3 years £17100.

I've no idea if that is good or bad.

I'm not having a pop at Tunnie. Far from it. If these lease deals work for him and his family then good for him. 

It's not for me though. 

[STEMO]

These figures you guys are bandying around are making my head hurt! 

Me too, that's why we drive crap old cars

With new cars getting more crap with every model year, who are the fools here?

Tunnie's annual budget for his new rental, is about the same as my budget for my next new to me car, which I expect will last me at least 5 years. 

£475 x 12= £5700

Over 3 years £17100.

I've no idea if that is good or bad.

I'm not having a pop at Tunnie. Far from it. If these lease deals work for him and his family then good for him. 

It's not for me though. 

Me neither. As you know, I paid just under nine grand for the grandland. Had if four weeks today and I haven't washed or vacuumed it yet. It's no more than a tool to carry my dog around in.

[Doctor Gollum]

These figures you guys are bandying around are making my head hurt! 

Me too, that's why we drive crap old cars

With new cars getting more crap with every model year, who are the fools here?

Tunnie's annual budget for his new rental, is about the same as my budget for my next new to me car, which I expect will last me at least 5 years. 

£475 x 12= £5700

Over 3 years £17100.

I've no idea if that is good or bad.

I'm not having a pop at Tunnie. Far from it. If these lease deals work for him and his family then good for him. 

It's not for me though. 

Me neither. As you know, I paid just under nine grand for the grandland. Had if four weeks today and I haven't washed or vacuumed it yet. It's no more than a tool to carry my dog around in.

Which makes it a waste of about £7,500

[STEMO]

These figures you guys are bandying around are making my head hurt! 

Me too, that's why we drive crap old cars

With new cars getting more crap with every model year, who are the fools here?

Tunnie's annual budget for his new rental, is about the same as my budget for my next new to me car, which I expect will last me at least 5 years. 

£475 x 12= £5700

Over 3 years £17100.

I've no idea if that is good or bad.

I'm not having a pop at Tunnie. Far from it. If these lease deals work for him and his family then good for him. 

It's not for me though. 

Me neither. As you know, I paid just under nine grand for the grandland. Had if four weeks today and I haven't washed or vacuumed it yet. It's no more than a tool to carry my dog around in.

Which makes it a waste of about £7,500

In your opinion. You must have spent more than that upgrading your ancient merc. Now that's a real waste.

[Rangie]

We had leasing options explained to us when we bought the Yaris, but neither of us like being in debt for anything + we're both at the age where we could " wake up dead " one morning so certainly don't need finance payments to deal with, so bought it cash apparently only eight percent of car purchases are cash ones so we were told but you can't take it with you, exactly the same when we bought the caravan outright purchase no finance, thanks to her cousin who died at 58 years of age , so SWMBO inherited a fair old chunk of cash we've certainly no intention of leaving our kids bundles of cash they can have the house and as for paying interest on anything, they can poke that completely.👍

[tunnie]

These figures you guys are bandying around are making my head hurt! 

Me too, that's why we drive crap old cars

With new cars getting more crap with every model year, who are the fools here?

Tunnie's annual budget for his new rental, is about the same as my budget for my next new to me car, which I expect will last me at least 5 years. 

£475 x 12= £5700

Over 3 years £17100.

I've no idea if that is good or bad.

I'm not having a pop at Tunnie. Far from it. If these lease deals work for him and his family then good for him. 

It's not for me though. 

Me neither. As you know, I paid just under nine grand for the grandland. Had if four weeks today and I haven't washed or vacuumed it yet. It's no more than a tool to carry my dog around in.

There are many, many factors though. I expect my mileage to increase significantly. With a salary sacrifice deal I would:

Never have any repair or service costs
Never have to pay for tyres
Never have to pay for insurance.
I get a brand new car every 3 years.

It will cost me sub £5 to charge at home and cover 300 miles.

I expect my petrol fuel bill to rise to nearly £200/£250 so already some big savings. But I need to wait until the new commuting style kicks in before I make a decision.

Then of course getting something nice and new has its appeal, along with never having to do any service work on it.