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post #6 of (permalink) Old 13th September 2013
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Re: New Car - Lease it or Buy it?

Originally Posted by VelSatisfied View Post
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; 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

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