Platinum Member located in the UK
Join Date: Nov 2012
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Re: New Car - Lease it or Buy it?
The other day I had a leaflet through the letterbox from a major Peugot dealership advertising their range. They offered a lease purchase plan and I was very surprised to read in the very small print that on one of their plans that after 2 or 3 years you can make the final lump sum payment of say £2k or £3K to keep the car but you do not own it
I'm not interested in buying a new car anyway but I was just shocked to see that you don't own the vehicle after the final payment.
Read all the small print very carefully ... there's several finance schemes offered so don't assume one scheme is like another.
Currently in Renoir White's garage:
Renault Trafic 1.7 Petrol Vauxhall Astra 1.4i & in bits Triumph Bonneville T140E & H-D XLH1200