Brand New Lease Car. Honda Civic1.6 i-DTEC Se. £167/month for 47 months.  See details @ Nationwide Vehicle Contracts.
69°Expired

Brand New Lease Car. Honda Civic1.6 i-DTEC Se. £167/month for 47 months. See details @ Nationwide Vehicle Contracts.

28
Found 10th Feb 2014
£167.94 (personal lease)
per month for
47 months (incl. VAT)
Initial price: £1,079.94 (incl. VAT)
Processing Fee: £180.00 (incl. VAT)
Shared Via The HUKD App For Android.

28 Comments

so am I right in thinking you have to give it back in the end??

rob585

so am I right in thinking you have to give it back in the end??


I think so but before you do you have to pay £9153.12 oO
Edited by: "lutek1000" 11th Feb 2014

Banned

shame it's a car for grannies

ndybucky

shame it's a car for grannies




Give it a rest, try to come up with something different, it is getting boring now.

I love Hondas.. Don't fancy handing one back after paying a good sum for it..

I'd like yo see the sums on how this would stack up against purchasing, I.e - 4years ownership, insurance, servicing, depreciation + hassle of selling vs 10k. I am thinking lease wins

heat from me, shame it isn't 12 months from now I'd snap this up

I was thinking about leasing. Then I found out they charge you through the roof if they find any scratches.

Brand new this car retails between £18,500 and £19,500.

After 4 years this car will have a value of £8,000.

So it's pretty close between ownership and leasing.

whatcar.com/car…354

axgod2

I'd like yo see the sums on how this would stack up against purchasing, … I'd like yo see the sums on how this would stack up against purchasing, I.e - 4years ownership, insurance, servicing, depreciation + hassle of selling vs 10k. I am thinking lease winsheat from me, shame it isn't 12 months from now I'd snap this up



still gotto insure that car

Ceejay1974

Brand new this car retails between £18,500 and £19,500.After 4 years this … Brand new this car retails between £18,500 and £19,500.After 4 years this car will have a value of £8,000.So it's pretty close between ownership and leasing.http://www.whatcar.com/car-depreciation-calculator/results?makeId=10582&modelVersionId=39131&editionId=39354



This depreciation is percentage based on list price.

I would expect a consumer can probably get at least £800 off the list price, I would be tempted to push for grand or no deal face to face.

The 1.6 DTEC is getting a lot of good reviews from owners as it does return MPG very close to the Honda claims. I know that availability is bit limited at dealers as this engine is going in to a few models now.

groenleader

This depreciation is percentage based on list price.I would expect a … This depreciation is percentage based on list price.I would expect a consumer can probably get at least £800 off the list price, I would be tempted to push for grand or no deal face to face. The 1.6 DTEC is getting a lot of good reviews from owners as it does return MPG very close to the Honda claims. I know that availability is bit limited at dealers as this engine is going in to a few models now.




Therefore say new = £19,000 minus you're £1,000 face to face discount = £18,000.

After 4 years ownership value of car = £8000.

You've lost £10,000.

Lease on this deal = £9,153.12.


You're better off by £846.88p over 47 months ownership by leasing.

However with ownership you're not restricted by mileage.


Like I said before

NOT MUCH IN IT !
Edited by: "Ceejay1974" 11th Feb 2014

And if you really want to be given advice about how this deal can work out even better (most people wouldn't even consider this bit) :-

If you've got £18,000 lying around to spend on a new car, well by going for this deal and putting your £18,000 in a bank earning interest at approx 2%, then -

£18,000 x 2% over 12 months = £360 a year.

£30 per month which by right should be deducted from the cost of the lease !

Original Poster

Ceejay1974

And if you really want to be given advice about how this deal can work … And if you really want to be given advice about how this deal can work out even better (most people wouldn't even consider this bit) :-If you've got £18,000 lying around to spend on a new car, well by going for this deal and putting your £18,000 in a bank earning interest at approx 2%, then -£18,000 x 2% over 12 months = £360 a year.£30 per month which by right should be deducted from the cost of the lease !



Inflation is over 2%
You'll be better off spending it than saving as that £18k will be worth less in 4 years time even with interest.

I just leased a Civic, arriving in a week.

At this price I imagine this is the 2013 model. Honda have released slightly changed models for 2014 with new trim levels.

This is a great deal for a very economical, very reliable motor.

Kevsmith2000,
What is a trim level? Please bear with my ignorance.

Original Poster

Adsun

Kevsmith2000,What is a trim level? Please bear with my ignorance.



It's the SE. You'll have to call for an exact trim but it does have alloys.

dannyboy92

Inflation is over 2% You'll be better off spending it than saving as … Inflation is over 2% You'll be better off spending it than saving as that £18k will be worth less in 4 years time even with interest.





You mean invest it, not spend it.

Original Poster

Ceejay1974

You mean invest it, not spend it.



Nope, spend it. Simple economics mate.

dannyboy92

Nope, spend it. Simple economics mate.



Right, If I spend it on this car at £18,000, and sell it in 4 years time it's worth £8,000.

I put £18,000 in a building society in 4 years time I'll have £19,500 (inc interest).

Hmmm..... £19,500 v £8,000 I wonder which one wins ?

or spend £18,000 down the pub over the next 4 years, oh aye I can see you're logic I'll be quids in.

Thank you Mr "Martyn Lewis"

Original Poster

By your logic. Sell your house and put the money in a savings account.
Live on the streets.

dannyboy92

It's the SE. You'll have to call for an exact trim but it does have … It's the SE. You'll have to call for an exact trim but it does have alloys.



2013 models are SE, ES and EX. 2014 are S, SE Plus and EX (IIRC).
Models are quite similar between the two years although the 2014 are a bit better specced.
When I was looking a few weeks ago, 2013 models were £180 - £200 a month, 2014 models are start at around £270 so quite a difference.

My rationale for leasing:

I am happy with a spend of around £200 a month.
To buy a car, personal loan would be the most common choice
How much can you borrow for £200 a month? Let's say £10k
So my choice is a brand new car with a warranty or a likely older car that comes with MOTs and possible mechanical issues.

No brainer for me. Depreciation is taken out of the equation and I have three years of hassle-free motoring.

I have lost a lot of money over the years buying cars for cash and watching their value fall and frankly, I won't be doing that again.

It's horses for courses at the end of the day but leasing suits me just fine.

Original Poster

kevsmith2000

My rationale for leasing:I am happy with a spend of around £200 a … My rationale for leasing:I am happy with a spend of around £200 a month.To buy a car, personal loan would be the most common choiceHow much can you borrow for £200 a month? Let's say £10kSo my choice is a brand new car with a warranty or a likely older car that comes with MOTs and possible mechanical issues.No brainer for me. Depreciation is taken out of the equation and I have three years of hassle-free motoring.I have lost a lot of money over the years buying cars for cash and watching their value fall and frankly, I won't be doing that again.It's horses for courses at the end of the day but leasing suits me just fine.



I agree with your thought process. But it's all to do other your earnings at the end of the day. If you can afford a brand new car, then you can afford the lease.

One can think of it this way.
If you take out 2 leases on the trot for this price and pay 16k over 8 years. Your car will never be more than 3 years old and if you would have just bought the car out right, in 8 years time it would have depreciated to a mere few thousand. Try and think if it as a long term deal, if you plan on leasing in the future as well.

By your logic sell the house and SPEND the money.

Same sorta price on lings cars too:
http://www.lingscars.com/Honda/Civic/1976125-1.6_iDTEC_(118bhp)_SE_Hatchback_5dr_1596cc-personal.html#models

Or £220 a month for 2 year lease:
http://www.lingscars.com/Honda/Civic/1988242-1.6_iDTEC_(118bhp)_SE_Hatchback_5dr_1596cc-personal.html#models

Just to confirm these prices are for 2013 model cars and are very limited stock.

I got a quote from Lings for 20,000 miles and they only had Metallic cars left which were about £10 per month extra.

I've ordered the last Black ES in the UK apparently for delivery 1st March from a local Honda dealer, they beat Lings price for a metallic car.

Ceejay1974

And if you really want to be given advice about how this deal can work … And if you really want to be given advice about how this deal can work out even better (most people wouldn't even consider this bit) :-If you've got £18,000 lying around to spend on a new car, well by going for this deal and putting your £18,000 in a bank earning interest at approx 2%, then -£18,000 x 2% over 12 months = £360 a year.£30 per month which by right should be deducted from the cost of the lease !



This is the 'cost of cash' and what you do with your cash determines if you should lease or buy outright

seriously!!!! This seems like self advert
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