Is It A Good Decision To Buy A '98 Sratlet Under Lease

[tinyman]

I found out a Startlet EP91 with G series number in good condition. So far the car has officially changed to 5+ owners.

Will it be a good decision to buy this car under lease (lease will be around 1.25mn to be paid in 4 years)

And I've seen many out A/L members telling that Starlet is a very good car,I just need to know whether spare parts are available freely in SL.and brief me little about the fuel consumption also

Thanks

Tinyman

[tinyman]

Why no replies, are you people find my question so stupid and worthless......

Tinyman

[VVTi]

Tinyman, you answered your own question, hence why no one may have bothered with your question.

And I've seen many out A/L members telling that Starlet is a very good car,

Edited July 12, 2012 by VVTi

[tinyman]

Dear VVTi,

Iniitally I was looking for Kelisa. but after reading the forum only i thought of going for a starlet. but I have heard people saying that generally it's not good to lease out old cars. that's why i'm asking this, will leasing out a car which is about 14 years old be a suicide..??.

please advise me.

[chan5]

it's a solid car.

It won't blow in 4 years.

So choice is good.

But lease rates are sky high these days.

It's around 3000 rupee for each 1lak for 5years leasing .

(i don't know about 4)

try to get a vehicle loan instead.

Which bounces around 2500rs for same with less restrictions.

[tinyman]

  On 7/12/2012 at 11:26 AM, chan5 said:

it's a solid car.

It won't blow in 4 years.

So choice is good.

But lease rates are sky high these days.

It's around 3000 rupee for each 1lak for 5years leasing .

(i don't know about 4)

try to get a vehicle loan instead.

Which bounces around 2500rs for same with less restrictions.

I spoke to L**C and they quoted 27% and later after lot of negotiation they came down to 26%, even though I'm a person well known and delt in many deals with them. 26% is equal to Rs.3,371.73 and Rs.2,994.05 per month for 100,000 on 4 year and 5 year lease.

as you advised I'm now trying to get a loan instead of the lease.

Many thanks for helping me out..

[NZer]

A great car so go for it if u can afford it. Dont worry about the previous owners. Who cares long as the car is in good order.

[anuradhaplanter]

starlet is a good car but leasing for me is a big no no..............

[chan5]

  On 7/12/2012 at 12:50 PM, tinyman said:

I spoke to L**C and they quoted 27% and later after lot of negotiation they came down to 26%, even though I'm a person well known and delt in many deals with them. 26% is equal to Rs.3,371.73 and Rs.2,994.05 per month for 100,000 on 4 year and 5 year lease.

as you advised I'm now trying to get a loan instead of the lease.

Many thanks for helping me out..

don't ask about percentages, it's utterly confusing with taxes after taxes.

Ask the total value that you've to pay for each 100000 , with all the taxes , 3000rs for 5 years scheme is too high.but that's the rate they offer for used vehicles.

it's high.I mean bloody high.try peoples leasing , but their conditions are harsh.

Best option is loan if you can handle the hard rule bank manager b*ggers .

According to the bank , there's 2 vat involvements when leasing a used vehicle.

[milinda]

  On 7/12/2012 at 3:24 PM, chan5 said:

don't ask about percentages, it's utterly confusing with taxes after taxes.

Ask the total value that you've to pay for each 100000 , with all the taxes , 3000rs for 5 years scheme is too high.but that's the rate they offer for used vehicles.

it's high.I mean bloody high.try peoples leasing , but their conditions are harsh.

Best option is loan if you can handle the hard rule bank manager b*ggers .

According to the bank , there's 2 vat involvements when leasing a used vehicle.

I currently have 4 leases with People's leasing (3 commercial vehicles and 1 car) & I found them quite flexible & much reasonable than some banks and most other leasing companies

[Batteries]

If you can go for a Personal Loan. N*B gives good rates. Catch is you need 2 guarantors.Try the web site.It has all the rates.