{"id":120682,"date":"2023-10-29T11:49:49","date_gmt":"2023-10-29T11:49:49","guid":{"rendered":"https:\/\/cottontailsonline.com\/?p=120682"},"modified":"2023-10-29T11:49:49","modified_gmt":"2023-10-29T11:49:49","slug":"thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost","status":"publish","type":"post","link":"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/","title":{"rendered":"\u2018Thinking of car leasing? Look beyond the monthly payments to get a true idea of the cost\u2019"},"content":{"rendered":"<h2>Mike Rutherford thinks up-front payments are often overlooked when customers see a tempting leasing deal<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media.autoexpress.co.uk\/image\/private\/s--5T1Xxlrn--\/f_auto,t_author-mobile@1\/v1570211854\/autoexpress\/img_0592-1.jpg\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media.autoexpress.co.uk\/image\/private\/s--rofBCpiT--\/f_auto,t_primary-image-mobile@1\/v1698414994\/autoexpress\/2023\/10\/Opinion%20-%20Audi%20Q2.jpg\"><\/p>\n<p>The old adage that \u2018you get what you pay for\u2019 used to be so, so true \u2013 but no longer. How come?<\/p>\n<p>Because, on the negative side, some misguided consumers choosing new cars with insanely high retail prices are clearly not getting anything like what they\u2019re paying for. Honestly, are we really supposed to believe that, for example, all those premium and non-premium five to seven-seat SUVs in the showrooms with price tags approaching or exceeding \u00a3100,000 (that\u2019s supercar\/luxury car territory) represent good value for money? I think not. Especially when some are depreciating by circa \u00a360,000 in their first 36 months. Wouldn\u2019t you rather spend that sort of money building an appreciating extension onto the family home or a brick garage\/workshop\/office\/studio\/guest room next to it?<\/p>\n<ul>\n<li><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media.autoexpress.co.uk\/image\/private\/s--NrmgIUJa--\/f_auto,t_related-embed-mobile@1\/v1696518428\/autoexpress\/2023\/10\/Best%20car%20leasing%20deals%20-%20October-2023_excock.jpg\">Best car leasing deals 2023<\/li>\n<\/ul>\n<p>Conversely, car buyers who do their homework, shop around and think modestly or longer-term get more than they pay for when purchasing. I\u2019m thinking of sub-\u00a330,000, 1.0-litre versions of smaller SUVs such as the Audi Q2, Hyundai Kona, Kia Stonic, SEAT Arona, Skoda Karoq or VW T-Roc, whose annual depreciation is closer to \u00a312,000, and therefore reasonable and manageable, in their first three years.<\/p>\n<p>Not that many salaried private motorists paying their own way can afford to spend \u00a3100k or even \u00a330k on outright purchases. And that\u2019s where and when leasing specialists can come to the rescue with increasingly flexible and competitive deals. Do not ignore them. Think long and hard about your self-imposed status as someone who likes to buy, and never wants to go down the leasing\/rental (same thing, really) route \u2013 even though you do. Fact is, even if we use them regularly, we don\u2019t, and don\u2019t want, to buy and own our hotel rooms, seats on planes, standing room on trains and the like. So why the obsession with buying cars outright?<\/p>\n<p>New models with monthly leasing payments of around \u00a3100 (about \u00a33.30 a day), \u00a3200 (\u00a36.60) or \u00a3300 (under a tenner) are no-brainers \u2013 or at least they would be if their all-in costs per month\/day were this deliciously low. But, sadly, they\u2019re not.<\/p>\n<p>And that\u2019s thanks largely, but not entirely, to the little matter of up-front deposits the customers need to put down. In round figures, with a \u00a330,000-ish car, monthly payments of a mere \u00a3100 over two years might be possible \u2013 but only after a down payment of approximately 10 grand. So that whopping, up-front payment of \u00a310,000 followed by 24 monthly payments of \u00a3100 means (before other charges) a cost of around \u00a312,400 (\u00a3517 a month) to lease\/rent the car for a couple of years\/12,000 miles \u2013 before handing it back. Put differently, 24 monthly payments of \u00a3100 represent only a small part (19 per cent) of the two-year spend, with the down payment of \u00a310,000 being the remaining 81 per cent.<\/p>\n<p>I\u2019m not judging whether such a deal at such an all-in cost to the consumer is good, bad or indifferent. I\u2019m just making the point that motorists must look beyond the headline monthly repayment figures quoted by manufacturers and leasing firms \u2013 because such numbers can often be a comparatively tiny part of the entire financial equation.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media.autoexpress.co.uk\/image\/private\/s--2ndlamRb--\/v1683626472\/assets\/partners\/powered-by-motorway_150x70.png\"><br \/>\n<img decoding=\"async\" alt=\"icon\" class=\"imgHideOnJavaScriptDisabled_4059a218lobdtl5x polaris__image\" height=\"20\" src=\"\/public\/trustpilot-icon.png\"><\/p>\n<p><em><strong>Buying a new car? Click here for our complete guide&#8230;<\/strong><\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.autoexpress.co.uk\/opinion\/361356\/thinking-car-leasing-look-beyond-monthly-payments-get-true-idea-cost\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mike Rutherford thinks up-front payments are often overlooked when customers see a tempting leasing deal The old adage that \u2018you get what you pay for\u2019 used to be so, so<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u2018Thinking of car leasing? Look beyond the monthly payments to get a true idea of the cost\u2019 - cottontailsonline.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Thinking of car leasing? Look beyond the monthly payments to get a true idea of the cost\u2019 - cottontailsonline.com\" \/>\n<meta property=\"og:description\" content=\"Mike Rutherford thinks up-front payments are often overlooked when customers see a tempting leasing deal The old adage that \u2018you get what you pay for\u2019 used to be so, so\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/\" \/>\n<meta property=\"og:site_name\" content=\"cottontailsonline.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-29T11:49:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/media.autoexpress.co.uk\/image\/private\/s--5T1Xxlrn--\/f_auto,t_author-mobile@1\/v1570211854\/autoexpress\/img_0592-1.jpg\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/\",\"url\":\"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/\",\"name\":\"\u2018Thinking of car leasing? Look beyond the monthly payments to get a true idea of the cost\u2019 - cottontailsonline.com\",\"isPartOf\":{\"@id\":\"https:\/\/cottontailsonline.com\/#website\"},\"datePublished\":\"2023-10-29T11:49:49+00:00\",\"dateModified\":\"2023-10-29T11:49:49+00:00\",\"author\":{\"@id\":\"https:\/\/cottontailsonline.com\/#\/schema\/person\/0f97729ba4f6c2af46dd5d5a27032cc9\"},\"breadcrumb\":{\"@id\":\"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cottontailsonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Auto News\",\"item\":\"https:\/\/cottontailsonline.com\/category\/auto-news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"\u2018Thinking of car leasing? Look beyond the monthly payments to get a true idea of the cost\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cottontailsonline.com\/#website\",\"url\":\"https:\/\/cottontailsonline.com\/\",\"name\":\"cottontailsonline.com\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cottontailsonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cottontailsonline.com\/#\/schema\/person\/0f97729ba4f6c2af46dd5d5a27032cc9\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cottontailsonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a7b02be8288a0edbb9764901ae6050dc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a7b02be8288a0edbb9764901ae6050dc?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u2018Thinking of car leasing? Look beyond the monthly payments to get a true idea of the cost\u2019 - cottontailsonline.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/","og_locale":"en_US","og_type":"article","og_title":"\u2018Thinking of car leasing? Look beyond the monthly payments to get a true idea of the cost\u2019 - cottontailsonline.com","og_description":"Mike Rutherford thinks up-front payments are often overlooked when customers see a tempting leasing deal The old adage that \u2018you get what you pay for\u2019 used to be so, so","og_url":"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/","og_site_name":"cottontailsonline.com","article_published_time":"2023-10-29T11:49:49+00:00","og_image":[{"url":"https:\/\/media.autoexpress.co.uk\/image\/private\/s--5T1Xxlrn--\/f_auto,t_author-mobile@1\/v1570211854\/autoexpress\/img_0592-1.jpg"}],"author":"mediabest","twitter_card":"summary_large_image","twitter_misc":{"Written by":"mediabest","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/","url":"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/","name":"\u2018Thinking of car leasing? Look beyond the monthly payments to get a true idea of the cost\u2019 - cottontailsonline.com","isPartOf":{"@id":"https:\/\/cottontailsonline.com\/#website"},"datePublished":"2023-10-29T11:49:49+00:00","dateModified":"2023-10-29T11:49:49+00:00","author":{"@id":"https:\/\/cottontailsonline.com\/#\/schema\/person\/0f97729ba4f6c2af46dd5d5a27032cc9"},"breadcrumb":{"@id":"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cottontailsonline.com\/auto-news\/thinking-of-car-leasing-look-beyond-the-monthly-payments-to-get-a-true-idea-of-the-cost\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cottontailsonline.com\/"},{"@type":"ListItem","position":2,"name":"Auto News","item":"https:\/\/cottontailsonline.com\/category\/auto-news\/"},{"@type":"ListItem","position":3,"name":"\u2018Thinking of car leasing? Look beyond the monthly payments to get a true idea of the cost\u2019"}]},{"@type":"WebSite","@id":"https:\/\/cottontailsonline.com\/#website","url":"https:\/\/cottontailsonline.com\/","name":"cottontailsonline.com","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cottontailsonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cottontailsonline.com\/#\/schema\/person\/0f97729ba4f6c2af46dd5d5a27032cc9","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cottontailsonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a7b02be8288a0edbb9764901ae6050dc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a7b02be8288a0edbb9764901ae6050dc?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/cottontailsonline.com\/wp-json\/wp\/v2\/posts\/120682"}],"collection":[{"href":"https:\/\/cottontailsonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cottontailsonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cottontailsonline.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cottontailsonline.com\/wp-json\/wp\/v2\/comments?post=120682"}],"version-history":[{"count":1,"href":"https:\/\/cottontailsonline.com\/wp-json\/wp\/v2\/posts\/120682\/revisions"}],"predecessor-version":[{"id":120683,"href":"https:\/\/cottontailsonline.com\/wp-json\/wp\/v2\/posts\/120682\/revisions\/120683"}],"wp:attachment":[{"href":"https:\/\/cottontailsonline.com\/wp-json\/wp\/v2\/media?parent=120682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cottontailsonline.com\/wp-json\/wp\/v2\/categories?post=120682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cottontailsonline.com\/wp-json\/wp\/v2\/tags?post=120682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}