Join Date: Jul 2006
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Re: New Car - Lease it or Buy it?
Why not buy a 1-2 year old car with a decent remainder of the original warranty at a competitive interest rate (stick a personal plate on it) and instantly you are better off.
Let the initial purchaser take the bulk of the depreciation hit, you get a nearly-new car for a fraction of the new price, so you are borrowing a lower amount, and if the car is still in production, the only person to know it isn't 'new', is you.
I bought my van brand-new in 2005 from this company; http://www.motorpoint.co.uk/
and tbh, I saved £9000 by doing so.
Just another avenue you may not have considered.
This job should never be complete - the day I think I've done it all, is the day I resign.
Currently in VelSatisfied's garage:
2005 FIAT Ducato 2.8JTD LWB Gran Volume, 2000 Kawasaki ZZR 1100 D7 'fullpower' in black + full GIVI & KAPPA luggage, 2007 MB R-Class 320 CDi Sport LWB uprated by Brabus to 300Bhp don't know if there's a 155mph limiter - will be fun finding out! 2004 Mercedes Vaneo 1.7 CDi Ambiente 7-seater