Personal Leasing in Ireland now

bf · 04-02-2022 6:11pm #1

I see personal leasing is now available in Ireland. I know it’s very popular in UK, be interesting to see how it does here.

https://youtu.be/YVvxV39rFVY

colm_mcm · 04-02-2022 10:17pm

There’s also an AIB-backed leasing company called Nifti

bazz26 · 05-02-2022 2:07am

Just had a look there, some almost mortgage sized figures there to rent some some very average metal. The high end stuff is just comical. We really do get rode in this country.

[Deleted User] · 05-02-2022 2:51am

Leaseplan have been doing it for years, it's nothing new but it's very expensive.

Manic Moran · 05-02-2022 3:19am

30k km a year max? That's not bad, you'll be lucky to get over 24k over here.

Maybe they're doing it differently over your neck of the woods, but there are advantages to the way it's done here: You're paying for the depreciation plus a fee over the period, not the full cost of a car, so on a per-month basis, if you want a modern, in warranty car at all times, it's cheaper/easier than buying. 25% of new cars in the US are leased. In 2017, it was 35%. I'm considering it myself for the next one.

colm_mcm · 05-02-2022 9:39am

https://www.boards.ie/discussion/comment/118585071#Comment_118585071

For non business customers?

[Deleted User] · 05-02-2022 9:47am

https://www.boards.ie/discussion/comment/118585338#Comment_118585338

Yes

https://www.leaseplan.com/en-ie/private/

burger1979 · 05-06-2022 6:30pm

Hi, just wondering if anyone has gone and used leaseplan, Zucar or Nifti for personal leasing of a car, and what were your experiences of it? Thanks.

ofcork · 06-06-2022 3:36pm

Saw the ad for nifti on facebook prices are crazy alright 450 for an Audi A1 or 870 for an A5!!!

Miscreant · 06-06-2022 4:12pm

Prices usually include servicing and tyres. Not sure about anything else though. I've not personally had experience of leasing so can't speak for how they are long term.

I suppose it is sort of like PCP except you are also paying the depreciation cost on the car, hence the higher per month outlay.

mickdw · 08-06-2022 3:38pm

It's worse than PCP in that you have no possible chance of having any built up equity at end of 3 years. That being the case, it should be cheaper monthly than a PCP however they generally include maintence and tyres in the deals so that should add alittle but really at those prices it won't be a runner.

I looked at it myself but prices are not good.

wonski · 08-06-2022 5:47pm

This makes no sense for personal customer at all.

Pricey and waste of money even if maintenance and tires are included.

Service and tires over first three years of "ownership" is nothing unless you do crazy mileage, which you won't, because it is to expensive with these leasing plans.

Fr Tod Umptious · 11-01-2023 5:21pm

Apologies for the somewhat zombie thread but I am beginning to think that something like personal leasing may be an option for me

Got rid of the 2004 second car last year after it sitting undriven since the start of COVID.

Have done fine/ok as a family with one car since the start of COVID but there are times that a second car could come in real handy.

Plus may NCB is up in August so I'd rather not let that lapse.

Things like Go Car are not an option as the nearest location is 15miles away

The idea of going out looking for a second hand car really does fill me with dread.

Just looking on some of the websites and it's like 10 year old cars are going for minimum 5K.

That's a lot of money for something that's 10 years old and could give God only knows what sort of bother.

And that then involves and NCT every year, and it will be worth noting by the time I get rid of it in 5+ years.

So what about personal Leasing

Looking at Nifti, which do a no deposit option (I think) I calculate that I could get a brand new small car (that's all I need a small car) for approx. €333 a month on a 4 year plan. Which come out at about €16,000.

That includes the cost of car tax and their maintenance package.

And the 10k a year allowance is ok because I was not doing more than 13k a year when I was working in an office, now I am WFH.

I'm going to assume that my insurance costs will be less for a new leased car than a 10+ year old one.

Now obviously the spend of €16k over 4 years with nothing at the end is going to be more than the spend I would put into a €5k 10 year old car that I would keep for 4 or 5 years, but the piece of mind that comes with having a "newer" car in good condition with maintenance covered is a big pull.

Has anyone started one of these Personal leasing plans ?

Personal Leasing in Ireland now

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