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Private car leasing vs PCP

  • 11-01-2018 10:41am
    #1
    Registered Users, Registered Users 2 Posts: 192 ✭✭


    Anyone know of companies offering private car leasing? Tried a few like Leaseplan/Hertz etc but they only do fleet/company leasing...awaiting costs from Joe Duffys but they don't do a servicing/maintenance pack for private ownership so may not be worth looking at
    Looking at all options to replace my wifes 10yr old focus (has it from new) which is now costing more to maintain than its worth and has become unreliable. I have a company lease car and can see the benefits of fixed monthly costs etc. Assuming I buy a new or nearly new car at around 25k depreciation over 4 years could be more than 10k plus servicing/tyres etc means that annual cost of ownership is over 4k (over €330 per month). The leasing (fleet) options for a similar car are around €350 per month so very similar with a lot less hassle! Granted you never own it but to me that's a bonus, don't have to try and sell it at the end of the term!


Comments

  • Registered Users, Registered Users 2 Posts: 73,520 ✭✭✭✭colm_mcm


    There’s nothing for nothing. The leasing companies are still making nice money as you’re handing back the asset and will never own it.
    Don’t think you can get private lease either way but knowing what we pay for the company cars in work plus the VAT - there’s no way it’s a viable alternative for joe soap aside from the convenience and not having to pay up front.


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