Buy car with cash or lease.

Buy car with cash or lease.

Author
Discussion

subevo

Original Poster:

52 posts

263 months

Tuesday 2nd September 2014
quotequote all
£30000 to spend on a car.
Would you ever buy with cash outright .if you had the money.
Or would you keep cash in bank and lease or finance car instead.

Wife wants to buy with savings
I want to lower mortgage and lease car.

What would you do.

subevo

Original Poster:

52 posts

263 months

Tuesday 2nd September 2014
quotequote all
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.


subevo

Original Poster:

52 posts

263 months

Tuesday 2nd September 2014
quotequote all
Thanks guys.
Yes I've driven the i3.its acceleration is amazing.its basically a hot hatch .not nearly as dull as you might think.plus after having a v8 I don't want to visit a petrol station again.