Quote:
Originally Posted by HighlandPete
I recall when a lot of companies went from the typical 3-year lease of the time, to 4-years or 80,000 miles. Why? Because cars were now more reliable and it was more cost effective for fleet managers.
We only had 1 or 2-year warranties in those days. I believe the 3-year warranty is one of the reasons many only take a 3-year lease. Whether it is as cheap as running for 4-years and an extended warrant for a year, I'm not sure, man maths and sales tactics can easily distort true costs.
What we do know with cars like our BMWs, total costs for years 4 - 6 are not a lot cheaper than the first three years. Depreciation may be lower, but other additional expenses can keep costs per mile quite close to having a new car, if we get the right deal.
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According to my BMW dealer the depreciation of my 328i between years 5-6
was only £1K. He showed me the computer readout from the source they use
to value used cars.
Of course the value of my 328i was distorted by the drop in demand for diesel
cars and the fact that in 2012 not many petrol engined F30s were bought.