up to £300 a mth. Can i do this? Is this the best option as i dont want to take out a loan and dont have $16000 cash to buy one
2007-11-03 04:17:28 · 9 answers · asked by jo 1 in Cars & Transportation ➔ Buying & Selling
UK only pls :)
2007-11-03 04:18:17 · update #1
For that period of time, leasing will be the way to go. You may even be able to negotiate a lease on a used one; probably a bit cheaper that way, since the first owner already took the depreciation hit.
2007-11-03 04:31:09 · answer #1 · answered by 2007_Shelby_GT500 7 · 0⤊ 0⤋
You are prepared to spend £300 a month on renting a car but prefer not to buy. You ought really to do some serious research. The residual value (What's left) on a Mini Cooper will, if the last few years are anything to go by, remain one of the best amongst second hand cars. If you pay £300 for 24 months, you will have paid out £7,200. I am quite sure you will not lose that amount in depreciation over 2 years. Your car is covered by a 3 years warranty, so you will have to pay only for things like servicing about once a year and perhaps a set of tyres, road tax and Insurance.
2007-11-03 04:46:58 · answer #2 · answered by L G 6 · 0⤊ 0⤋
as mentioned above if you were to spend maximum amount then that would be £7200 in 24 months, you can easily get a second hand mini for £6-7k. So why rent a car, the best thing for you to do is buy the mini, then once you are ready to give it back go to the dealer and they will buy it off you, it will be considerably less that what you will get private it but al least you wont be losing 7200 over the 24 months. You can even buy it on finance, therefore i suggest you go to mini but one for around 8k on finance then just sell it back to them in 24 months.
2007-11-03 05:22:17 · answer #3 · answered by h1ten 4 · 1⤊ 0⤋
There are a ton of companies that rent MINIs, which can all be found at www.MiniCooperRentalPortal.com. Just call and ask if you can rent long-term. Most will gladly let you, and will work with you on the price.
2007-11-05 07:48:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If your gonna rent a car DONT get a mini.
They must be the most over rated car on this planet. Im telling you they AINT worth the money
2007-11-03 11:13:21 · answer #5 · answered by dawn n 1 · 0⤊ 0⤋
Contact your local dealer and see about a lease of a car. You would pay about that for a new one over a two year lease term.
2007-11-03 04:25:30 · answer #6 · answered by Anonymous · 1⤊ 0⤋
best option is to lease a vehicle, usual time frame is 3 years and I think the fee covers insurance and maintenance bills, you need to check the small print.
2007-11-03 04:37:00 · answer #7 · answered by lily 5 · 1⤊ 0⤋
Yes you can do that sounds like you've got it figured out good luck!
2007-11-03 04:26:38 · answer #8 · answered by so curious 3 · 0⤊ 0⤋
can't you lease it?
2007-11-03 04:24:55 · answer #9 · answered by Amzy 3 · 0⤊ 0⤋