Join Date: Oct 2009
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Re: New Car - Lease it or Buy it?
I think the answer depends on your personal finances. If you've got a load of cash laying around then buy, but if you have to borrow the money you're better off leasing. Several people have pointed out that you don't own the car. For me that is one of the big attractions. It's such a pain trying to sell a car unless it's a bargain basement vehicle. If you were to borrow £15000 over 3 years it would cost you about £500 a month. For that money you can lease a £35000 pound car including maintenance.
Currently in flying clutchman's garage:
Kangoo 1.5 dci, VW Golf 2.0gtd cabrio