What You Need to Know Before Leasing a Car - see my VW Golf data

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  • Опубліковано 8 гру 2023
  • I've had my GTD for just over 8 years at time of filming and I was curious to see how much I've saved, or not, after working out all of my running costs and depreciation etc.
    Please don't forget to subscribe here, thank you: / @mikereports
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КОМЕНТАРІ • 26

  • @David-kq1jc
    @David-kq1jc 4 місяці тому +3

    Good video Mike ! Yes please keep them coming 🎉

    • @mikereports
      @mikereports  4 місяці тому +1

      Glad you enjoyed it and yes more to come soon 😊

  • @richpell7878
    @richpell7878 6 місяців тому +3

    also as a buyer id happily pay you the asking price as it being a one owner cared for honest car. you cant lose

  • @mikewhite4988
    @mikewhite4988 6 місяців тому +2

    Very interesting video, shows it is best to buy a car and keep it as long as possible, if you find a good 1 year old is even better. The dealers and mags will say lease or pcp but the old way of buy and then part exchange can't be beaten.

    • @mikereports
      @mikereports  6 місяців тому

      Thank you and totally agree.

  • @smal167k
    @smal167k 6 місяців тому +2

    Great video. Still amazed by how many people lease. It's eye watering over the long term

    • @mikereports
      @mikereports  6 місяців тому

      Thank you! Leasing is super popular it seems.

  • @Jacob-ib6mu
    @Jacob-ib6mu 6 місяців тому +2

    Big difference now is that a GTD costs c£36k with 1k miles on it. Crazy how much they’ve increased!

    • @mikereports
      @mikereports  6 місяців тому

      I know, it is crazy! Also, when I had a look at the VW website recently a similar lease is at around £440p/m. Thanks for watching.

  • @andrewcouper770
    @andrewcouper770 Місяць тому

    Interesting analysis. I’ve just bought a 4 year x3 and a 9 year old yeti and had wondered if it was the right way to go about things. I tend to buy and keep for 10 years so as long as there is value left in the car then it’s all good. I’ve kept a mk5 gti but now it’s 19 years old it’s pretty crazy how much stuff has gone wrong with it

    • @mikereports
      @mikereports  Місяць тому

      Thanks for your comment. The good thing with buying an older car is that your depreciation curve won't be as nasty as with a newer car. It's an 'each to their own' with cars I believe. I'd keep the GTi if you can - maybe it will go up in value one day :)

  • @bllxy8226
    @bllxy8226 2 місяці тому +1

    4 services over 8 years, that's really bad😢

  • @AN-vt3kl
    @AN-vt3kl 6 місяців тому

    Great video, I personally always liked have a choice of owning my cars, with or without financing would depend on the price but still.

    • @mikereports
      @mikereports  6 місяців тому +2

      Thank you! A bit a finance can help sometimes. Thanks for watching.

  • @Whiponized
    @Whiponized 6 місяців тому +1

    awesome video video

    • @mikereports
      @mikereports  6 місяців тому +2

      Thank you, really appreciate that! And thanks for watching.

  • @visionsinblue7093
    @visionsinblue7093 6 місяців тому +1

    Never been a fan of leasing tbh. In particular VW's cheap finance deals on Golf R's which made the car obtainable for those who wouldn't normally afford them. As a result there are an abundance of Golf R's with shady history and have probably cast a negative effect on insurance premiums too!
    I'm at the age where you buy what you can afford - not what you want to afford.
    PS: my servicing costs and tyre cost would make your eyes water (DSG service, LSD service) 😆 (but I am a fastidious owner - the car [Mk7.5 GTI Performance DSG] wants for nothing) 🤣

    • @mikereports
      @mikereports  6 місяців тому +1

      Great car you're looking after there, thanks for watching 🙂

  • @jonathonbrett-qn1ic
    @jonathonbrett-qn1ic 6 місяців тому +1

    Great video thank you very informative
    The resent review on the mk8 GTD is overall excellent. Take a look at volkswizard mk8 golf gtd. in all honesty the mk7 golf gtd is excellent you have a honest well looked after example. Great episode

    • @mikereports
      @mikereports  6 місяців тому +1

      Thank you for the comment, appreciate it. I like the idea of the dynamic chassis control option on the Mk8.

  • @nemiroffvodka6716
    @nemiroffvodka6716 6 місяців тому +1

    Very high quality and informative video. :)

  • @stephen2649
    @stephen2649 6 місяців тому +1

    I find that leasing a car is i no no with myself...You do not own the car...Buying outright gives me the satifaction of knowing what i have to budget for on maintence and running costs . Purchased a used GTD from VW Inchscape .2 years warrinty ,Mot + Roadside assistance..(This also gives me peace of mind.)..I assume its upto the individual on making the decision on the money aspect..

    • @mikereports
      @mikereports  6 місяців тому +1

      For me it's nice not to have £x coming out the bank every month and the longer you keep the car the more of a case for not leasing I reckon. Thanks for watching.

  • @visionsinblue7093
    @visionsinblue7093 6 місяців тому

    Great video apart from the sound - it's really quiet (the adverts are twice as loud!).

    • @mikereports
      @mikereports  6 місяців тому

      Oh, that's odd, thanks for letting me know.