To lease or not?
Discussion
No one will look back but plenty may wonder what kind of car they could hire.
In the OP's case, what would depreciation + tax + bork on a 2003 SL350 look like over the same age and mileage?
£2k depreciation (just from going retail to trade or private sale), £500 of tax, and £150/month of bork works out at £6k, which has to be a best case scenario. If the new car does 30 mpg vs. 25 mpg (made up figures) that's another £800 over 20k.
The total cost of this deal is £9,700 at £280 + VAT.
If it's affordable and it's broadly the kind of car, mileage and length of ownership that the OP would go for anyway then I'd absolutely sign up for it.
I certainly can't see it costing more over two years than the leggy Range Rover.
In the OP's case, what would depreciation + tax + bork on a 2003 SL350 look like over the same age and mileage?
£2k depreciation (just from going retail to trade or private sale), £500 of tax, and £150/month of bork works out at £6k, which has to be a best case scenario. If the new car does 30 mpg vs. 25 mpg (made up figures) that's another £800 over 20k.
The total cost of this deal is £9,700 at £280 + VAT.
If it's affordable and it's broadly the kind of car, mileage and length of ownership that the OP would go for anyway then I'd absolutely sign up for it.
I certainly can't see it costing more over two years than the leggy Range Rover.
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