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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.
agree with you there a new car involves tax and more tax the moment you drive it off the forecourt it has lost alot of value
Currently in bugsb's garage:
MGF 1.8 1999/ honda hrv 2002/ x type jag se 2005