DS DS 3 Hatchback 1.2 PureTech 82 Connected Chic 3dr - £146.39 per month, 24 month (3+23), 10k miles @ Lease Shop
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DS DS 3 Hatchback 1.2 PureTech 82 Connected Chic 3dr - £146.39 per month, 24 month (3+23), 10k miles @ Lease Shop

64
Found 30th Nov
Posted a similar deal the other day but found this today...

I'm thinking of getting, but has anyone used leaseshop.co.uk before? Can't find any online reviews apart from their own testimonials on their site...

£439.17 initial rental
£298.80 fees
£146.39 per month

10k miles
24 month lease

£4,104.94 total price over 2 years

Top comments

To be honest, a lease is not even always as much more expensive than a second hand car as the "anti lease brigade" like to make out, making even that comparison at best questionable.

An example. My last car was a 2 year lease, a £36k car that I paid £8000 on over two years.

Prior to that, I owned a 3 year old car, which I purchased for £12k. Now lets be kind and assume that ANYONE could put down £12k cash, so no finance payments.

At the end of the two years I owned that car, I had paid out the following:
1) The car sold for £7.5k, so I made a depreciation loss of £5.5k.
2) The £12k cash could have been sat in the bank. Lets be really conservative and say I would have got 2% interest (pretty unlikely I would sit on £12k and not invest in something over 2% but lets be fair). £500 total.
3) I paid for two MOTs and small miscellaneous repairs - £200.
4) I paid two lots of road tax - £260.
5) It cost me nearly £100 to sell due to advertising costs etc. Or lets say you trade in and you lose at least £100 - lets be conservative and say £100.

So in comparison:
- My brand new car worth £36k cost to run over 2 years - £8000
- My three year old car worth under £30k new cost to run over 2 years - £6500 (rounding down)

these are not atypical figures, perhaps a slightly higher depreciation on year 4 and 5 than a normal car, but only slight. But you never know, thats one of the issues of "owning" your car - you care about the future value and its unpredictable.

The above doesnt even include the fact that inflation on used cars was quite high when I got my lease. But even if you assume only 2% inflation per year over the two years of my used car ownership, this makes the figures even closer.

So for an extra £750 a year, I had a 3 year newer and much nicer car, and less hassle in terms of taking it for MOTs and repairs, hassle of selling etc etc. I also had surety of value and payments - at the start of the 2 years ownership of my three year old car, I had no idea what that car would be worth in 2 years, fully market dependant. Those benefits are EASILY worth £750 to me. To be honest, I probably saved the £750 in the increased economy my newer car had due to more modern fuel technology. But even discounting that..

Whos the fool?
Edited by: "MrShed" 30th Nov

Original Poster

ianhookk10 m ago

It really sounds like you're trying to justify to yourself the usefulness …It really sounds like you're trying to justify to yourself the usefulness of your set up. There's no real logic behind it. Cars are remarkably reliable these days, there wouldn't be serious maintenance costs. End of the day, your choice but don't ever complain you can't afford a property when you're wasting money like this. Your priorities are skewed; a massive problem with young people these days when there's no financial education at school.



Its a little condescending to assume that because I am young, I don't have "financial education" when I have an Economics degree

I have been researching this car purchase for a while, and after weighing the pros and cons I have my decision

All I was doing was laying out my own thought process that led me to that decision in case others may find it useful

Original Poster

ianhookk26 m ago

No wonder young people can't afford property with financial knowledge like …No wonder young people can't afford property with financial knowledge like this. No one is forcing you to buy new so why would you have a rapid depreciating asset? Just buy something 2nd hand or take out a loan to do this. Cheapest loans in history right now. There is no sense whatsoever to waste money on leasing UNLESS you are self employed and can put it against tax, even then its debatable.


A monthly payment of less than £150 a month isn't having a huge effect on my ability to buy a house when I'm currently putting £1000 a month into savings for just that. I also think there are far more factors (mostly house price increase vs wage increase over the past 20 years) that have far more effect on my ability to buy a house than this

I get where you're coming from, but there is also the fact that I value the utility of the car, and I don't see a car simply as an asset. I don't want to buy a 2nd hand car (which would be worse than a brand new DS3) and then also be responsible for increasing maintenance costs the older it gets, as well as the hassle of selling it when I want to upsize my car

In 2 years time I might be in a situation where I have more availability to purchase my own car when I know I will be holding it longer than a few years and I have built up a decent deposit for my mortgage, but for now, I just want to drive a nice little car to and from work and activities on the weekend so suits me just fine

[Edit]

It's the same as saying "Why waste money on renting a 3 bed flat when you can just buy a sh**hole 1 bed flat instead?". Because I don't want to live in the 1 bed sh**hole...
Edited by: "jbarclay1992" 30th Nov

Original Poster

Stevie.Badman33 m ago

Cold - 4.1k car rental


Yes...

It's a lease deal


Do you comment on every lease deal in this way?
64 Comments

Cold - 4.1k car rental

Original Poster

Stevie.Badman33 m ago

Cold - 4.1k car rental


Yes...

It's a lease deal


Do you comment on every lease deal in this way?

jbarclay19923 m ago

Yes...It's a lease dealDo you comment on every lease deal in this way?


Maybe hes a car salesman who is losing sales to the leases...

Can someone tell me why you would spend that money on a car you dont own? Serious question by the way as i have thought about it but cant justify it in my mind

Original Poster

lestafox574 m ago

Can someone tell me why you would spend that money on a car you dont own? …Can someone tell me why you would spend that money on a car you dont own? Serious question by the way as i have thought about it but cant justify it in my mind


Works for me because I don't want to own a depreciating asset...

Also, I'm 25 so I might be starting a family in the next few years, so I will probably want a larger car, so no point buying a car, then having it half in value and then sell it when I only get a couple years use out of it

If you're in the market for a new car to last you 10+ years then probably not for you

Also, I would do this over a PCP because I want a lower monthly cost, as PCPs tend to be higher to bring the balloon payment at the end down to entice you to buy the car

All depends on your personal situation

lestafox579 m ago

Can someone tell me why you would spend that money on a car you dont own? …Can someone tell me why you would spend that money on a car you dont own? Serious question by the way as i have thought about it but cant justify it in my mind


Because its over 16k new and likely to be worth about 10k after 2 years ownership.

huwy1237 m ago

Because its over 16k new and likely to be worth about 10k after 2 years …Because its over 16k new and likely to be worth about 10k after 2 years ownership.



And if you've got 16k in your pocket then you can earn interest in it or pay down the mortgage instead of buying a rapidly depreciating car.

jbarclay199217 m ago

Works for me because I don't want to own a depreciating asset...Also, I'm …Works for me because I don't want to own a depreciating asset...Also, I'm 25 so I might be starting a family in the next few years, so I will probably want a larger car, so no point buying a car, then having it half in value and then sell it when I only get a couple years use out of itIf you're in the market for a new car to last you 10+ years then probably not for youAlso, I would do this over a PCP because I want a lower monthly cost, as PCPs tend to be higher to bring the balloon payment at the end down to entice you to buy the carAll depends on your personal situation


No wonder young people can't afford property with financial knowledge like this. No one is forcing you to buy new so why would you have a rapid depreciating asset? Just buy something 2nd hand or take out a loan to do this. Cheapest loans in history right now. There is no sense whatsoever to waste money on leasing UNLESS you are self employed and can put it against tax, even then its debatable.

huwy12313 m ago

Because its over 16k new and likely to be worth about 10k after 2 years …Because its over 16k new and likely to be worth about 10k after 2 years ownership.


So don't buy new? There's plenty of 2nd hand cars on the market.

Original Poster

ianhookk26 m ago

No wonder young people can't afford property with financial knowledge like …No wonder young people can't afford property with financial knowledge like this. No one is forcing you to buy new so why would you have a rapid depreciating asset? Just buy something 2nd hand or take out a loan to do this. Cheapest loans in history right now. There is no sense whatsoever to waste money on leasing UNLESS you are self employed and can put it against tax, even then its debatable.


A monthly payment of less than £150 a month isn't having a huge effect on my ability to buy a house when I'm currently putting £1000 a month into savings for just that. I also think there are far more factors (mostly house price increase vs wage increase over the past 20 years) that have far more effect on my ability to buy a house than this

I get where you're coming from, but there is also the fact that I value the utility of the car, and I don't see a car simply as an asset. I don't want to buy a 2nd hand car (which would be worse than a brand new DS3) and then also be responsible for increasing maintenance costs the older it gets, as well as the hassle of selling it when I want to upsize my car

In 2 years time I might be in a situation where I have more availability to purchase my own car when I know I will be holding it longer than a few years and I have built up a decent deposit for my mortgage, but for now, I just want to drive a nice little car to and from work and activities on the weekend so suits me just fine

[Edit]

It's the same as saying "Why waste money on renting a 3 bed flat when you can just buy a sh**hole 1 bed flat instead?". Because I don't want to live in the 1 bed sh**hole...
Edited by: "jbarclay1992" 30th Nov

jbarclay199214 m ago

A monthly payment of less than £150 a month isn't having a huge effect on …A monthly payment of less than £150 a month isn't having a huge effect on my ability to buy a house when I'm currently putting £1000 a month into savings for just that. I also think there are far more factors (mostly house price increase vs wage increase over the past 20 years) that have far more effect on my ability to buy a house than thisI get where you're coming from, but there is also the fact that I value the utility of the car, and I don't see a car simply as an asset. I don't want to buy a 2nd hand car (which would be worse than a brand new DS3) and then also be responsible for increasing maintenance costs the older it gets, as well as the hassle of selling it when I want to upsize my carIn 2 years time I might be in a situation where I have more availability to purchase my own car when I know I will be holding it longer than a few years and I have built up a decent deposit for my mortgage, but for now, I just want to drive a nice little car to and from work and activities on the weekend so suits me just fine[Edit]It's the same as saying "Why waste money on renting a 3 bed flat when you can just buy a sh**hole 1 bed flat instead?". Because I don't want to live in the 1 bed sh**hole...


It really sounds like you're trying to justify to yourself the usefulness of your set up. There's no real logic behind it. Cars are remarkably reliable these days, there wouldn't be serious maintenance costs. End of the day, your choice but don't ever complain you can't afford a property when you're wasting money like this. Your priorities are skewed; a massive problem with young people these days when there's no financial education at school.
Edited by: "ianhookk" 30th Nov

Original Poster

ianhookk10 m ago

It really sounds like you're trying to justify to yourself the usefulness …It really sounds like you're trying to justify to yourself the usefulness of your set up. There's no real logic behind it. Cars are remarkably reliable these days, there wouldn't be serious maintenance costs. End of the day, your choice but don't ever complain you can't afford a property when you're wasting money like this. Your priorities are skewed; a massive problem with young people these days when there's no financial education at school.



Its a little condescending to assume that because I am young, I don't have "financial education" when I have an Economics degree

I have been researching this car purchase for a while, and after weighing the pros and cons I have my decision

All I was doing was laying out my own thought process that led me to that decision in case others may find it useful

Good deal, I’m half way through my first lease and would never look back, my old car lost 1.5k value in one year, so the little extra for a new car and no hassle is way worth it in my eyes.

ianhookk51 m ago

So don't buy new? There's plenty of 2nd hand cars on the market.


Of course if you want to save money. Some people see a car as more than a means of getting to A-B, hence people buy new and premium brands rather than a 5 year old dacia sandero.

ianhookk1 h, 36 m ago

No wonder young people can't afford property with financial knowledge like …No wonder young people can't afford property with financial knowledge like this. No one is forcing you to buy new so why would you have a rapid depreciating asset? Just buy something 2nd hand or take out a loan to do this. Cheapest loans in history right now. There is no sense whatsoever to waste money on leasing UNLESS you are self employed and can put it against tax, even then its debatable.



I find it ironic that your post derides someone for their financial knowledge then goes on to demonstrate zero financial knowledge.

OP - slightly cheaper amortised price (£168 instead of £171 per month) here:

gateway2lease.com/car…290

This is for an 18 month deal though, so pay your money and make your choice - just thought I'd make you aware.

This seems cheap. Can I keep the car afterwards? 😶

MY SON IS 19 HE WAS LOOKING FOR A CAR DO YOU GUYS THINK THIS COMPANY WILL CONSIDER ANY AGE GROUP?

Original Poster

tammyy7 m ago

MY SON IS 19 HE WAS LOOKING FOR A CAR DO YOU GUYS THINK THIS COMPANY WILL …MY SON IS 19 HE WAS LOOKING FOR A CAR DO YOU GUYS THINK THIS COMPANY WILL CONSIDER ANY AGE GROUP?



As long he passes their credit checks. Small print says 18+

Original Poster

MrShed13 m ago

OP - slightly cheaper amortised price (£168 instead of £171 per month) h …OP - slightly cheaper amortised price (£168 instead of £171 per month) here:https://www.gateway2lease.com/cars/ds-automobiles/3-hatch/3-3-door-hatch-ds-1.2-puretech-82-connected-chic.php?id=91813290This is for an 18 month deal though, so pay your money and make your choice - just thought I'd make you aware.



What's the initial rental on this?

jbarclay199247 s ago

What's the initial rental on this?


£1047.49 - itll be a 9+17 deal I assume.

People whining about car leases. What a surprise.

MrShed3 m ago

£1047.49 - itll be a 9+17 deal I assume.


Actually - its a bit cheaper again, as your post omits the "processing fee" (as does mine to be fair). Leaseshop is £300, Gateway is £180.

That makes yours monthly average at £183, Gateway £178.

Original Poster

MrShed6 m ago

Actually - its a bit cheaper again, as your post omits the "processing …Actually - its a bit cheaper again, as your post omits the "processing fee" (as does mine to be fair). Leaseshop is £300, Gateway is £180.That makes yours monthly average at £183, Gateway £178.



Think I've included the processing fee of £298.80 already

£439.17 initial rental
£298.80 fees
£146.39 per month

Total = £439.17 + £298.80 + 23 x £146.39 = £4104.94

Average = £4104.94 / 24 = £171.04

Am I missing something other than that?

ianhookk1 h, 31 m ago

It really sounds like you're trying to justify to yourself the usefulness …It really sounds like you're trying to justify to yourself the usefulness of your set up. There's no real logic behind it. Cars are remarkably reliable these days, there wouldn't be serious maintenance costs. End of the day, your choice but don't ever complain you can't afford a property when you're wasting money like this. Your priorities are skewed; a massive problem with young people these days when there's no financial education at school.



He is 25 not 12, hardly a young person that needs your "wisdom".

jbarclay19923 m ago

Think I've included the processing fee of £298.80 already£439.17 initial r …Think I've included the processing fee of £298.80 already£439.17 initial rental£298.80 fees£146.39 per monthTotal = £439.17 + £298.80 + 23 x £146.39 = £4104.94Average = £4104.94 / 24 = £171.04Am I missing something other than that?


Doh. Sorry, didnt realise you had done that must read more carefully in future!
Edited by: "MrShed" 30th Nov

If you prefer you can also pick up a new Seat Ibiza at the same sort of cost.

Original Poster

Uncommon.Sense12 m ago

If you prefer you can also pick up a new Seat Ibiza at the same sort of …If you prefer you can also pick up a new Seat Ibiza at the same sort of cost.



link?

Original Poster

MrShed16 m ago

Doh. Sorry, didnt realise you had done that must read more carefully …Doh. Sorry, didnt realise you had done that must read more carefully in future!



Haha no problem dude. Still a good 18 month deal though!

This is a terrible deal considering the audi a4 deal on here recently.

Some weirdos about, I personally don't lease cause I get ford privilege (thanks brother in law). But if you want a nice new car hassle free I'd certainly consider leasing so good find, heat from me

MrShed1 h, 9 m ago

I find it ironic that your post derides someone for their financial …I find it ironic that your post derides someone for their financial knowledge then goes on to demonstrate zero financial knowledge.


Please explain. Made perfect sense to me.

cossy37 m ago

Please explain. Made perfect sense to me.


1) Comparing new and used cars is like comparing chalk and cheese. They are not the same product. As someone said above, some people do not only treat a car as a means of getting from A to B.
2) "There is no sense whatsoever to waste money on leasing UNLESS you are self employed and can put it against tax, even then its debatable." This isnt true at all. Difference between a lease and PCP:
- A lease you pay the depreciation on the car (when you get a good deal).
- A PCP you pay the depreciation on the car, PLUS the interest on the capital value of the car.
- Hire Purchase, or a loan (as was also referred above by the same poster) - you again pay ALL of the interest on the capital value of the car on top of losing the depreciation of the vehicle.
All other things being equal, a lease is by far an away the cheapest way to possess a NEW car. PCPs sometimes get better discounts off list, but thats the only thing redressing the balance. Certainly the view above of "loan rates have never been cheaper" fundamentally misses the point about how lease deals are financed.

Of course second hand cars are always going to be "out and out" cheaper. But as I say, its not the same thing, and not everyone lives their lives to literally get everything as CHEAP as possible, most of us do it to get the most VALUE possible. For those of us who like a new car, and therefore value this, leases are a fantastic option.

The OP got it right. Appreciating assets you own, depreciating assets you lease. Theres a reason big business always leases depreciating assets, why do you think you know better? If leasing wasnt the cheapest way, why do you think company cars are leased rather than owned?

The lease conversation is always super tedious.

satty8310 m ago

This is a terrible deal considering the audi a4 deal on here recently.


Let me get my time machine...

And in any event, totally different cars for different markets, different users, etc.

CannonPark1 h, 20 m ago

This seems cheap. Can I keep the car afterwards? 😶


No. In 2 years you give the car back and have a large £4.5k hole in your pocket.

CannonPark1 h, 21 m ago

This seems cheap. Can I keep the car afterwards? 😶


Do i get the deposit back at the end? 🐵💥
Edited by: "paulwalmsley" 30th Nov

MrShed53 m ago

Let me get my time machine...And in any event, totally different cars for …Let me get my time machine...And in any event, totally different cars for different markets, different users, etc.



No need for a delorean. The offers for the a4 is still available. I just think paying approx £400 in total more for the a4 is much better value given there respective RRPs.

MrShed56 m ago

1) Comparing new and used cars is like comparing chalk and cheese. They …1) Comparing new and used cars is like comparing chalk and cheese. They are not the same product. As someone said above, some people do not only treat a car as a means of getting from A to B.2) "There is no sense whatsoever to waste money on leasing UNLESS you are self employed and can put it against tax, even then its debatable." This isnt true at all. Difference between a lease and PCP:- A lease you pay the depreciation on the car (when you get a good deal).- A PCP you pay the depreciation on the car, PLUS the interest on the capital value of the car.- Hire Purchase, or a loan (as was also referred above by the same poster) - you again pay ALL of the interest on the capital value of the car on top of losing the depreciation of the vehicle.All other things being equal, a lease is by far an away the cheapest way to possess a NEW car. PCPs sometimes get better discounts off list, but thats the only thing redressing the balance. Certainly the view above of "loan rates have never been cheaper" fundamentally misses the point about how lease deals are financed.Of course second hand cars are always going to be "out and out" cheaper. But as I say, its not the same thing, and not everyone lives their lives to literally get everything as CHEAP as possible, most of us do it to get the most VALUE possible. For those of us who like a new car, and therefore value this, leases are a fantastic option.The OP got it right. Appreciating assets you own, depreciating assets you lease. Theres a reason big business always leases depreciating assets, why do you think you know better? If leasing wasnt the cheapest way, why do you think company cars are leased rather than owned?The lease conversation is always super tedious.


Chalk and cheese is it? No, not at all. They’re the same commodity, they are directly comparable. I suggest you get your facts straight before accusing other posters of financial ineptitude. You don’t seem to have a clue. How people ‘treat’ their car is irrelevant. It’s a product, that’s it.
Edited by: "cossy3" 30th Nov

cossy325 m ago

Chalk and cheese is it? No, not at all. They’re the same commodity, they a …Chalk and cheese is it? No, not at all. They’re the same commodity, they are directly comparable. I suggest you get your facts straight before accusing other posters of financial ineptitude. You don’t seem to have a clue. How people ‘treat’ their car is irrelevant. It’s a product, that’s it.



Buying used stuff is cheaper is hardly a revelation though is it?

cossy326 m ago

Chalk and cheese is it? No, not at all. They’re the same commodity, they a …Chalk and cheese is it? No, not at all. They’re the same commodity, they are directly comparable. I suggest you get your facts straight before accusing other posters of financial ineptitude. You don’t seem to have a clue. How people ‘treat’ their car is irrelevant. It’s a product, that’s it.


I think your ludicrous post has said it all
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