Getting a Lease car!

Buying your first car can be a pretty complicated process, there are a lot of options out there now, and it is hard to know which option is best for you. It is an important decision to make as the wrong decision could leave you suffering financially. The most important thing is that you understand the Ts & Cs of your contract whether you are leasing or purchasing the car.

I have recently been looking at buying myself a used FIAT 124 SPIDER, and my browser kept bombarding me with adverts for FIAT 124 SPIDER contract hire deals, which I must admit became more and more appealing the more I looked, but does leasing a car make fiscal sense? From a purely financial perspective it is not a great idea to lease a car. This is no surprise as you are giving out money for something that you aren’t going to own. However, buying a new car doesn’t make financial sense either, for it will depreciate rapidly unless it is a special limited edition or something which you don’t plan on putting any miles on.

That leaves you with the option of buying a used car that is at least 3 years old. By this point the car will have taken the biggest hit on its residual value meaning you don’t stand to lose as much on it and it is still relatively new. However there is always the risk that is associated with a used car, that there is no guarantee that there isn’t an underlying issue that you don’t know about, and you may end up spending a fortune on a used car over the course of a few years.  So maybe when you think about it like that leasing isn’t the worst option.

With used car horror stories in mind, and my own first hand experiences, curiosity got the better of me and I decided to get on the internet and do a search for personal car lease FIAT 124 SPIDER. The second you hit enter on search like that you are hit with a hell of a lot of choice, and before long you will be seeing offers every, ads will pop up on other web pages you go to that have nothing to with cars, until small monthly payments do actually start coming way more appealing. Hardly surprising, in my case it was either buy a second hand FIAT 124 SPIDER 1.4 Multiair Lusso Plus 2dr Auto for somewhere around £20k  and set up my own finance deal, or get a brand new one and pay £295 a month for 24 months after an initial payment of £2893.  The lease looks more manageable for obvious reasons, the car is new so it will be under guarantee, you shouldn’t get hit with any huge service bills and you don’t have to worry about the cars residual value at all.  The point that got me was my purchasing habits when it comes to cars, if I bought it outright by the time I got to paying it off I would typically be looking for a new car anyway, so regardless of how I go about it I’m going to be spending 300+pounds a month for the foreseeable future. Obviously, the benefit of buying a used car outright is I can get some money in my pocket each time I trade the car in. But it is extra admin and shopping around, having to barter with dealers etc which is genuinely up there with my least favourite things to do, right behind selling a car privately.

The more I think about it the more I am leaning to personal contract hire FIAT 124 SPIDER being the better choice. In answer to the original question, does leasing a car make fiscal sense, no, but your other options aren’t exactly fantastic and leasing makes sense in just about every other aspect. If I could get a FIAT 124 SPIDER business car lease, through my company, that would obviously be the best option.

The Suzuki X90… As bad as it looks?

Me and my mate stumbled across an almost ancient Suzuki X90 on sale for a couple hundred quid. We decided it would be a good toy to have over the summer, for my friend owns a lost of private land, so we wouldn’t need to get the car insured and could raz it round the fields and modify it as we go, turning it into a Mad Max-esque vehicle which wouldn’t look out of place in an apocalypse.

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We bought it without much research and therefore weren’t even sure if the car was meant ot have any off road capability at all. Fortunately upon its first drive around that mass of farm land, we were both actually pretty shocked at how much the X90 could handle. They are pretty rare, we couldnt even find a second hand Suzuki X-90 on autotrader, and yet we had got our hands on one, and we could do whatever we like with it!

Best second hand sports car to go for

Buying a second hand sports car is all about picking a car based on how fun it is to drive, with performance being central to this. Not just how quick it can be in the straight but also how capable it is on corners. The cars need to balance performance and agility with a reasonable amount of comfort. I have put together a list of 6 sport cars with some being reasonably priced that are capable of the above.

The Used Honda CR-Z is arguably of the first fun hybrids and looks more sports can than ecologically minded. The CR-Z provided genuine thrills with all specs comfortably doing 0-62 in less than 10 seconds with a 135bhp which is impressive for an electric car. The pitfalls with this car is like with most sports car is sacrifices its practicality for a sleek design and although does have 2 seats in the back it would be better off folding them back and making a tiny boot into a reasonable one. If speed is key for you then compared to the other cars in this list it’s not the quickest.

The Used Nissan 370Z is a rear-wheel-drive which can stand up to rivals such as Used Audi TT and Porsche Cayman. For its value it has impressive performance which 332bhp, 3.7-litre V6, and manages 0-62 mph in 5.3 seconds. In my opinion its performance matches its looks and is very enjoyable to drive with all the standard equipment you might expect from a sports car. The downfall with this far is that it can be expensive to run and it’s not as precise to drive as some of its rivals in this class.

The next to make the list is the BMW M6 which again is a rear-wheel-drive which is based on the stylish BMW 6 series and is one of the top BMW performance cars. If comes equipped with 552bhp, 4.4-litre-twi-turbocharged-V8 engine and can do 0-62mp in just 4.2 seconds. It comes complete with full body kit and all the standard equipment. This car is seriously fast while having a practical interior and boot. The only real negative I could find with this car is that it’s very expensive to buy and run and the car does feel quite heavy.

Mercedes-Benz SLK offers a sleek, sporty design which gives head-turning appeal, while the interior is luxurious and high quality. The SLK can also switch between standard suspension and a more sport setting, and excels as both comfortable cruiser and a racier performance face. The specs range drastically depending on how much money you are willing to spend. The negatives with this car are that it’s quite expensive and it’s not as much fun to drive as soon of its rivals.

Next is the Nissan GT-R which is a really-really fast car and can do 0-62mph in only 3.1 seconds, and it’s also great to drive. The GT-R offers razor-sharp handling with its cornering ability being a strong selling point. The GT-R is a twin-turbocharged 3.2-litre V6 engine and can reach speeds of 190mh. Unfortunately the negatives with this car is that’s generally quite uncomfortable a slow speeds and the Nissan badge doesn’t exactly offer the same prestige as other sports cars such as Porsche.

The Second Hand Jaguar F-Type comes with a choice of three different engines and is well equipped to compete with the likes of Porsche and Aston Martin, offering the perfect balance of looks and driving thrills. Even the slowest F-Type 3-litre V6 model can still give you 335bhp and can do 0-62 in around 5 seconds. The interior of the car is also of high quality as you can expect from the Jaguar brand. The negatives with the F-Type is that the additional options add up and can prove to be very expensive, not only that the fuel and servicing bills are costly and the price tag will even set you back more than a Second Hand Porsche Cayman.

My recommended luxury cars

Luxury cars may be the reserve for those who aren’t short of cash but they still play an important role for the car industry.  The technologies which appear in these top models are the ones which make its way down to the more everyday cars which it becomes more affordable. Not just the on-board technology but also the safety features and fuel-saving systems. I have decided to compile a list of the popular luxury cars which might appeal to someone in that market.

I’m going to start my list with possibly my favourite he Used Jaguar XF. The latest model cause quite a stir when it first came onto the market as it’s so different from its predecessor. The XF is a big luxury car and rivals the likes of the BMW 7 series and the Used Audi A8. In my opinion it’s one of the most stylish cars in its class and offers a distinctive, beautiful and luxurious interior with plenty of power and performance too.  The XF is however, quite a firm drive making it not as comfortable as another one of its rivals the Mercedes S-Class. The XF also has limited rear headroom and it comes attached with expensive running costs too.

Next up is the Second Hand Audi A7. The A7 was built to bridge the gap between the A6 and A8. The A7 is for you if you like the idea of driving a large executive but can’t see yourself behind the wheel of a big, heavy saloon then the A7 is the one for you.  It’s loaded with technology and an extremely stylish car. Practically it’s good with a big boot, and it’s comfortable and relaxing to drive. As you can expect from an Audi it has incredible interior quality and design. The only think this car suffers with is the rear head room which is right for taller adults apart from that you can’t go wrong with it.

The Used Mercedes-Benz CLS is the next car to make my list. The CLS is one of the most stylish saloons on the road. It not only had good looks and drive appeal of a coupe but it’s also very practical. It is beautifully built and has head turning looks with strong performance which makes it a perfect contender. The only negatives I could really pick up on the stunning car was that option extras are expensive and there’s no five-seat option which is quite surprising.

Finally the Used BMW 7 Series completes the list. Although it’s fair to say the 7 series isn’t the finest looking car from the German Brand, when it comes to quality and refinement, then not much can match it. The 7 series is the perfect vehicle for covering long motorway distances in luxurious comfort. The downside with this car is that it does suffer poor resale values and it does have uneconomical petrol engines.

What compact executive cars I would recommend

For many drivers the ‘executive’ cars the badge on the bonnet is as important as the car itself and it’s the three German firms – BMW, Audi and Mercedes-Benz which lead the way when it comes to brand status. I have compiled a list of my favourite executive cars which may suit your needs.

Although not one of the big three mentioned the Second Hand Lexus IS is up there for me. Lexus are known for their customer satisfaction and it explains why so many Lexus owners stick with the marque. The IS main rivals are the BMW 3 series and the Mercedes C-Class, but offers a different approach with its choice of hybrid or petrol engines. The new styling has updated the car giving it a sportier and more distinctive look. The new model also handles better thanks to new suspension and better steering. With Lexus you know you will get terrific reliability and dealer service.

The Mercedes-Benz C Class coupe is a sleek and sporty-looking three doors which is there to rival the likes of the Second Hand BMW 4 Series and the Used Audi A5 coupe. It’s one of the most stylish in its class and has head-turning looks are thanks to its swooping design and the big three-pointer-star on the front of the bonnet. Not just a pretty face but it also is spacious inside. It combines superb build quality, a luxurious and comfortable interior and sport handling. It can come in an impressive economical diesel engine but does come with a relatively high price tag but that is expected with the Mercedes badge. BuyYourMerc.co.uk has some good offers that will bring the price down a little bit but  if you’re looking for a cheaper and more practical version then go for the saloon model.

This list couldn’t be complete unless the BMW 3 Series was included. This car is one of the best compact executive cars money can buy and has won many awards over the past 10 years to suggest this. The latest model doesn’t look too different from the car it replaced, but it does have bigger dimensions and a more efficient engine and easily the best 3 Series yet. The main points of the 3 Series is that’s it’s one of the best to drive in its class in terms of fun, its beautifully built and has low running costs that you might not expect. The downside with the 3 series is that it does have expensive options and in comparison to some rivals the interior space is fairly average too.

Last but not least to make my list is the Audi A4. Arguably maybe this can’t compare with the 3 Series but it is an excellent upmarket car which is a competitor and can compete with the high-quality, all-round premium car with performance with the likes of the Mercedes C-Class. The A4 can’t match the 3 Series for outright driver appeal but I’d go as far as saying it’s a better all-rounder with more rear passenger room, a larger boot and the availability of Quattro four-wheel drive. In my opinion the A4 is an expensive car to buy when you can consider you can get cars more fun to drive such as the 3 Series which are also more efficient too.

Cheaper MOT & Servicing

If you’re a motorist in the UK, you’ll know that your vehicle is required by law to be MOT tested annually. If you want to maximise residual values and keep your car in the best condition possible, you’ll also need to take it for a service about once a year too.

These two expenses can represent a significant proportion of your disposable income, but there really is no way around them if you’re a UK driver. Whether you drive a used Honda Civic or a brand new Bentley Continental, an MOT will be required by law and it would be a foolish decision to not take it for regular servicing.

The question is, how can you save money on your MOT or service, and how do you know what is a reasonable price for one?

For the vast majority of us, the process is simple. When the time of year comes to get our vehicle serviced or MOT tested, we will take it down to the nearest garage and probably accept the first price we are quoted without questioning it.thinker

This is hassle free and gets the job done, but what if we are paying over the odds? And how are we to know if there is another garage around the corner which offers the same service for less? Wasting unnecessary money on an over-priced service, only to be told we need a new clutch fitted, is not a pleasant experience.

However, thanks to leading UK automotive site BuyYourCar.co.uk, all of that is about to change. They have introduced an online MOT and service centre comparison site, which allows drivers to find out where to get the cheapest deal for their car in their area.

The process really couldn’t be easier; the user enters the make and model of their vehicle as well as the details of their local area, and within seconds a list of garages along with their prices are displayed by proximity to the postcode.

It could save you £££s over years to come.