Should I lease a Skoda Fabia!

Buying your first car can be a pretty complicated process, there are a lot of options out there now, and it is hard to know which option is best for you. It is an important decision to make as the wrong decision could leave you suffering financially. The most important thing is that you understand the Ts & Cs of your contract whether you are leasing or purchasing the car.

I have recently been looking at buying myself a used Skoda Fabia, and my browser kept bombarding me with adverts for Skoda Fabia contract hire deals, which I must admit became more and more appealing the more I looked, but does leasing a car make fiscal sense? From a purely financial perspective it is not a great idea to lease a car. This is no surprise as you are giving out money for something that you aren’t going to own. However, buying a new car doesn’t make financial sense either, for it will depreciate rapidly unless it is a special limited edition or something which you don’t plan on putting any miles on.

That leaves you with the option of buying a used car that is at least 3 years old. By this point the car will have taken the biggest hit on its residual value meaning you don’t stand to lose as much on it and it is still relatively new. However there is always the risk that is associated with a used car, that there is no guarantee that there isn’t an underlying issue that you don’t know about, and you may end up spending a fortune on a used car over the course of a few years.  So maybe when you think about it like that leasing isn’t the worst option.

With used car horror stories in mind, and my own first hand experiences, curiosity got the better of me and I decided to get on the internet and do a search for personal car lease Skoda Fabia. The second you hit enter on search like that you are hit with a hell of a lot of choice, and before long you will be seeing offers every, ads will pop up on other web pages you go to that have nothing to with cars, until small monthly payments do actually start coming way more appealing. Hardly surprising, in my case it was either buy a second hand Skoda Fabia 1.4 MPI SE 5dr for somewhere around £5.5k  and set up my own finance deal, or get a brand new one and pay £174 a month for 35 months after an initial payment of £1284.  The lease looks more manageable for obvious reasons, the car is new so it will be under guarantee, you shouldn’t get hit with any huge service bills and you don’t have to worry about the cars residual value at all.  The point that got me was my purchasing habits when it comes to cars, if I bought it outright by the time I got to paying it off I would typically be looking for a new car anyway, so regardless of how I go about it I’m going to be spending the best part of 200 pounds a month for the foreseeable future. Obviously, the benefit of buying a second hand car outright is I can get some money in my pocket each time I trade the car in. But it is extra admin and shopping around, having to barter with dealers etc which is genuinely up there with my least favourite things to do, right behind selling a car privately.

As you can probably gather I am leaning more and more to personal contract hire Skoda Fabia being the best option. To answer the original question, does leasing a car make fiscal sense, no, but your other options aren’t exactly fantastic and leasing makes sense in just about every other aspect. If I could get a Skoda Fabia business car lease, through my company, that would be ideal.

Mazda 2 Saloon debut

I was browsing some car news on CarSite earlier and was excited to hear that the Mazda 2 sedan, or saloon whatever you want to call it, will be revealed this month. It is due to be revealed at the Thailand international motor expo which will be on November the 28th so it can build up some hype before it hits the SE Asian market early next year in January.

A press leak from October suggests that the new 2 sedan will be longer and taller than the previous Mazda 2 sedan however if we are to believe this leak, the boot will actually be smaller by 40L in total. The 2015 Mazda hatch was previewed not long ago and it looks great, so we are guessing the sedan won’t disappoint. I had a go in a second hand Mazda 2 a couple of years ago and was a fan, so I am intrigued to find out what Mazda have in store for us with this next generation.

The image I am using for this article is not the saloon by the way, it is the 2015 hatchback model that was revealed a week or so ago, what do you think?

Chevrolet Cruze Review

The Chevrolet Cruze is another car that I have a fair amount of experience with as my wife owns one and depending on how our cars are parked, it is sometimes much more convenient for me to to take the Cruze instead of my Auris. Whilst I prefer driving my Auris I’m not exactly upset when I have to take the Cruze. I think it’s a really nice looking car for starters.

My wife bought the second hand Chevrolet Cruze a good few years ago now, and one of the things we are most impressed with is how cheap it is to run. She has the diesel engine and it can do around 60mpg if you get a clean run and drive it sensibly. It is also pretty cheap to buy in the first place, obviously we got a good deal as it was second hand, but even if you are buying the Cruze new you stand to save money when you consider how much its main rivals are.

Another good thing about the Cruze is the amount of boot space you get which works out at 413 litres if you go by what it says on WhatCar. As a result the Cruze is often the car we take if we are going on a trip and need to take a fair bit of luggage.

The Cruze is fine to drive, again, it won’t give you the thrill of a lifetime, but it will get you from A to B in comfort. The only thing I have noticed when it comes to the Chevrolet Cruze is that it can be prone to understeering on occasion.

Toyota Auris Review

I own a Toyota Auris so I thought I would do a piece on a car that I have actually had a fair bit experience with. I bought my second hand Toyota Auris around a year ago now from a private seller in Liverpool who I kind of knew through a friend. She was the only owner before me and had only had it for 3 years herself so it is a relatively modern model.

Obviously it’s no Lamborghini, but it’s easy as cake to drive and it is the comfiest car I have ever owned. Now of course this might just be fluke, for everyone who says something is comfortable there will be someone else out there who disagrees, but if you’re anything like me, around the 6 foot mark, pretty average build, I can’t imagine you will ever feel uncomfortable. Another absolute gem about this car is that the MPG is so high, mine does just shy of 50mpg if I’m not driving like an absolute lunatic.

I read somewhere that the Auris was renowned for having a noisy engine, but I don’t really understand where that’s come from, it’s no more noisy than most of the other cars I have driven in, not noticeably anyway. In terms of actually driving the Auris it isn’t exactly a rollercoaster ride, but it is enjoyable enough, and after all, what the hell can you really expect.

In summary I was chuffed to bits with my second hand Toyota Auris, If you’re in the market and you see one at the garage, at least give it a chance, without letting some of the negative reviews it has received putting you of, before you have actually experienced one first hand.