Buy car with cash or lease.
Discussion
Thanks for the replys.
It's a bmw i3 I'm after.i know it's not everybody's cup of tea but my last car was a 5.7 v8.
My mortgage is only £50000
I will save £200 / month on payments if I put £20000 into mortgage.which is my savings.i was then going to borrow the last £10000
I usually only spend £10000 or less on a car but since it's my 50th birthday.i wanted to splash out.
As I said wife wants to buy outright as if I get made redundant in the next year or so I can just sell the car.whereas if I've reduced my mortgage .my redundancy money would pay remaining mortgage off.
It's a bmw i3 I'm after.i know it's not everybody's cup of tea but my last car was a 5.7 v8.
My mortgage is only £50000
I will save £200 / month on payments if I put £20000 into mortgage.which is my savings.i was then going to borrow the last £10000
I usually only spend £10000 or less on a car but since it's my 50th birthday.i wanted to splash out.
As I said wife wants to buy outright as if I get made redundant in the next year or so I can just sell the car.whereas if I've reduced my mortgage .my redundancy money would pay remaining mortgage off.
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