The death of Supercars as we know ‘em

Devonboy

Member
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1,289
whatever the truth - for the first time in my life....think leasing and offloading that risk might make sense
 

Felonious Crud

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21,011
whatever the truth - for the first time in my life....think leasing and offloading that risk might make sense

Yes, I agree. There's just too much risk in the market. A lease or PCP deal, whilst coming at a cost, does it least make your outlay and costs over a set period entirely predictable, and if you want to keep it at the end then you know how much that'll cost you.
 

BennyD

Sea Urchin Pate
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14,994
Yes but it also removes the option of getting rid after a year when the value hasn't finished dropping. Sure, you can buy yourself out but then you have the value of the remaining contract to pay without the fun of using the car.
 

Felonious Crud

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Yes but it also removes the option of getting rid after a year when the value hasn't finished dropping. Sure, you can buy yourself out but then you have the value of the remaining contract to pay without the fun of using the car.

Take it on a 12 or 24 month plan.
 

conaero

Forum Owner
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34,593
Is leasing not just money down the drain though?

not at all but it depends which car and which deal you get.

3 months before I gave the Audi back I see what is on Special.

I have a RR Evoque on a £265pm plus vat with £2k down.
I can claim half the vat back so the cost is:
£2000 down
35x£290

total inc after 10% vat back: £12,150

if I bought it new at £38k, minus £12k costs I would have the pain of selling it for £24k or more.

Off to see what it’s worth 3 years old...
 

conaero

Forum Owner
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34,593
£18-19k 2017 30k miles so quids in, in my book

This was a factory order to my spec plus the pana roof.

Granted this is a domestic road car and not something special.
 

Wanderer

Member
Messages
5,791
not at all but it depends which car and which deal you get.

3 months before I gave the Audi back I see what is on Special.

I have a RR Evoque on a £265pm plus vat with £2k down.
I can claim half the vat back so the cost is:
£2000 down
35x£290

total inc after 10% vat back: £12,150

if I bought it new at £38k, minus £12k costs I would have the pain of selling it for £24k or more.

Off to see what it’s worth 3 years old...
Why the half-VAT? I've no idea, just asking!
 

conaero

Forum Owner
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34,593
I put it through a UK vat registered company so it’s money I would have paid tax on if I claimed it.

The law on Lease cars put through a UK company as pool car is half the vat back
 

Wanderer

Member
Messages
5,791
I put it through a UK vat registered company so it’s money I would have paid tax on if I claimed it.

The law on Lease cars put through a UK company as pool car is half the vat back
But does it not then become a company car and count as a BIK?
 

safrane

Member
Messages
16,746
As one who keeps the car for far longer than most;
Mini one - new in 2003 and still a daily
Golf MK 1 - bought in 1999 and kept till 2015
Peugeot 607 - 2000 and kept till 2011

Keep a car till it dies and you save far more than renting/leasing or swapping every 3 years to keep in vogue
 

rockits

Member
Messages
9,167
I can see the over production and excess number of vehicles built compared to required could easily be an issue. Especially with high end sports and supercars.

When the rich sell off loads of their car collections as the a4se has fallen out of the market and their cash is better kept elsewhere who will be left to buy this stuff?

I suspect this may and could happen but the potential buyers of these offloads will be thin on the ground as the next step or two down the food chain will unlikely take up the slack. Many of these cars and will make running a Maserati seem like pennies.

Interesting times on the car front over the next few years and honestly I have no real idea how it will pan out. I can only see high end stuff dropping though as I can't see under what scenario they can increase.

The problem with an ICE car as an investment as it needs pretty constant and regular maintenance that costs a fair bit. Many other investments don't see to have such a heavy burden in comparison. A painting, most art or an antique need little to no yearly servicing or maintenance. Also doesn't need such a large indoor space to keep.
 

rockits

Member
Messages
9,167
I can understand why some buy and some lease. I have always bought as couldn't afford to lease 9 cars!

My way has been the only way I could afford to have such a variety of cars. It has also kept depreciation to the lowest it can to allow it to be affordable.
 

RoaryRati

Member
Messages
1,582
As one who keeps the car for far longer than most;
Mini one - new in 2003 and still a daily
Golf MK 1 - bought in 1999 and kept till 2015
Peugeot 607 - 2000 and kept till 2011

Keep a car till it dies and you save far more than renting/leasing or swapping every 3 years to keep in vogue
Agree -
Subaru - bought when it was 1 years old in 2000 - still got
S2000 - bought when 3 years old in 2009 - still got