Category Archives: Loved Not Leased

Loved Not Leased – Jeep Wrangler Rubicon

We like to keep an eye on finance deals, and this one is a firm favourite:

2019 Jeep Wrangler Rubicon

On the Road Price £44,920
Jeep Deposit Contribution £1,000
Customer Deposit £17,820
Amount of Credit £26,100
Monthly Payment £435
Total Amount Payable by Customer £43,920
Duration of Contract 60 months
Rate of Interest (Fixed) 0.00%

So, it’s going to cost you nearasdamnit £45,000 with an £18,000 deposit?! For a car with a 1 star Euro N Cap rating and a combined stated economy of 19mpg? Sounds great!

If you’re desperate to throw your money at what is essentially a not-very-good-but-quite-good-looking car, you could buy the one listed below, for less than the cost of the deposit. It’s got 80,000 miles on the clock so at least you know it works, plus you’ve saved yourself well over twenty grand.

Or you could just… not.

We’d take a brand new Dacia Duster and spend £10,000 on off road modifications instead.

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Loved Not Leased #1 – BMW M140i

Welcome to our new Financial Advice Blog Series!

In this series we take a look at offers from various car dealers and leasing companies online, and give you a cheaper alternative from the used car market.

Loved Not Leased #1 – BMW 1 Series M140i Shadow Edition

£399 Deposit / £399pm for 4 Years / £13,761.23 Balloon Payment / 8,000 miles p/a

Total Payable £33,312.23

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Pros

The engine in this car is honestly one of BMW’s all time greats. It’s rapid, in a real world, usable sort of speed kinda way.

Cons

Everyone and his dog drives a 1 Series, and people might take one glance and think it’s a 1.5 diesel. Also, what’s it going to be worth after 4 years, when you’re still on the hook for that balloon payment?

ALTERNATIVES

Alternative 1 – 2007 BMW M5 (E60) 5.0 litre V10 507bhp – £16,995

Total Saving £16,317.23

Link here

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Pros

507bhp from that superb V10, plus with just 48k on the clock this is one investable car

Cons

Honestly, compared to an M140i, maybe servicing and fuel economy but we doubt there’s much difference, as it’s half the price of the M140i and unlike the 1 Series, will probably be worth more than you paid for it after 4 years…

Alternative 2 – 1999 Porsche 911 (996) Carrera 4 Manual

Total Saving £15,317.23

Link here

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Pros

It’s a 996, and if you don’t already know that you NEED to buy a 996 NOW before prices follow the other models, then you’re clearly living under a rock. It’s also a manual in a desirable colour.

Cons

A few years ago you’d have got a C4S for this money. But that’s not really a bad thing, is it, it just shows where the money and the market goes.

Alternative 3 – 1982 Ferrari Mondial QV Right Hand Drive in Black

Total Saving £8,317.23

Link here

Screen Shot 2019-02-07 at 12.16.36Pros

It’s a FERRARI, and the cheapest model of Ferrari at that, the hugely underrated, much maligned Mondial. Purists don’t like them, but purists are generally idiots. Who cares, when you’re driving a FERRARI?!

Cons

It’s a cheap Ferrari, but if it costs you £10,000 over 4 years you’re still in a better position than owning a rapidly depreciating 1 Series.

OUR PICK

This time we are seriously stuck between the M5 and the 911. We’re talking about a 1 Series here, and most people will buy a 1 Series just to have a 1 Series on the driveway and not an ‘inferior brand’…

So, if we’re saying you buy a 1 Series for other people to see, why not go a step further and put a Porsche on your driveway?

VERDICT

We’ll take the Porsche 911 please, and save the left over cash for when that intermediate shaft issue rears it’s ugly head.

 

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