Car leasing companies

ARW

Member
Location
Yorkshire
so new car you are thinking of is a pickup? I though the new car was for your wife hence my question on BIK. sorry didnt register when i first read it!
Yes new pickup to replace our run around car that basically is treated as a van
Still keep the wife’s car, it’s a keeper
And run the fencing pickup as per usual
 

ARW

Member
Location
Yorkshire
Well I've fallen at the first hurdle, did a deal on a Hilux but I've been refused for credit!
I can buy a 100k tractor yet I cant loan a truck!
 

ARW

Member
Location
Yorkshire
I was brought up to save up for the things you want, I got a credit card to help my score a few years ago but spending £30 a month isnt enough to make an impact it seems, I have a good credit score but minimal borrowing so to them it looks like I don't borrow money
 

Clive

Staff Member
Arable Farmer
Location
Lichfield
The PCP deal on the Hyundai Kona we have coming was £450/month with a £2.5k deposit. Same deposit on a lease deal and we're paying £280/month Inc maintenance.
The dealers never give you a leasing option unless you specifically ask, they always push pcp.
I've never yet come across someone who has paid the balloon payment to actually buy the car, they just take a new deal on a new car.
It maybe slightly different now with the increase in the second hand values but I've not come across someone who at the end of the term has actually got equity in the car.

This chap explains it a bit more

i know plenty who had equity at end of term, and that’s before recent used price rises

ballon shoyld be realistic/ pessimistic to avoid nasty shocks !
 

Clive

Staff Member
Arable Farmer
Location
Lichfield
I was brought up to save up for the things you want, I got a credit card to help my score a few years ago but spending £30 a month isnt enough to make an impact it seems, I have a good credit score but minimal borrowing so to them it looks like I don't borrow money


i suspect most of us were bought up in a similar way

sadly that hasn’t been the best strategy most of my life however with low interest rates and capital asset appreciation

wish i had mortgaged to the max and then some to buy more land and property 20 years ago !
 

SFI - What % were you taking out of production?

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    Votes: 30 16.0%
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  • 100% I’ve had enough of farming!

    Votes: 7 3.7%

Red Tractor drops launch of green farming scheme amid anger from farmers

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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