Join Date: Sep 2013
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New Car - Lease it or Buy it?
I have just got a new job and I'm thinking of a new car, before going ahead and committing to something this big, I thought I'd ask the experts on here.
I read some articles in regard to leasing vs buying a new car, and the article basically said something along the lines of:
"If the new car will only retain 36% of its original value, then leasing would be the economically smarter choice, on the other hand if the car will retain >60% of its original value, then buying the car is wiser."
What do you guys think of the above? Also how good do Renault cars keep up their original purchase price?
I am thinking of going for the New Clio Dynamique S MediaNav dCi 90 EDC Auto. I like the looks of it, and seems to be fuel efficient with low emissions.
I would greatly appreciate any help and advice.
Currently in Ciwan's garage:
Renault Laguna 2005 - 2 litre - Facelift Model