Reg Vardy US leasing

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John Smith - 22 Aug 2004 01:53 GMT

Hi,

Anyone know anything about this? How does 'US leasing' differ from the type
of leasing we now have in the UK?

http://www.regvardy.com/us_leasing.htm

Thanks,

John.

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Gemma King - 22 Aug 2004 07:26 GMT

> Hi,
>
[quoted text clipped - 5 lines]
>
> Thanks,

It's not a new thing, per se..........Ford with their Options scheme started
all this off several years ago.

I believe the principle behind this type of leasing is that you *use* but
never *own* the vehicle. You pay a fixed amount over two years which
includes maintenance and after two years you hand the vehicle back.

Effectively the same as living in a house owned by a landlord.

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Carl Bowman - 22 Aug 2004 11:47 GMT

> I believe the principle behind this type of leasing is that you *use* but
> never *own* the vehicle. You pay a fixed amount over two years which
> includes maintenance and after two years you hand the vehicle back.
>
> Effectively the same as living in a house owned by a landlord.

From a financial POV though, I believe that it's quite cost effective,
especially for businesses (but check with your local accountant!), with the
added bonus of getting rid of the thing without any hassle or
unpredictability. Also in general houses tend to appreciate in value where
cars don't.

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Gemma King - 22 Aug 2004 12:27 GMT

> From a financial POV though, I believe that it's quite cost effective,
> especially for businesses (but check with your local accountant!), with
> the
> added bonus of getting rid of the thing without any hassle or
> unpredictability. Also in general houses tend to appreciate in value where
> cars don't.

As with everything it's down to the numbers:

If you lease a ?12000 car for two years at, say, ?250 per month then it
costs you ?6000 over two years, at which point you hand the car back and you
have nothing.

If you'd bought the car, you'd have to pay for two years maintenance costs
and at the end of that time you'd have a vehicle worth ?x,000.

If x is considerably less than your lease payments then you should have
leased.

As I say, numbers game!

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Steve Knight - 23 Aug 2004 19:37 GMT

> Anyone know anything about this? How does 'US leasing' differ from the type
> of leasing we now have in the UK?
>
> http://www.regvardy.com/us_leasing.htm

Read about it in the paper. Unless there's something they're not telling
us, it seems like a regular PCP scheme to me, with a maintenance package
thrown in.

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