Buy 2 year old car or PCP Brand new car?

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The initial message was deleted from this topic on 29 November 2014 at 15:44

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Thanks for the replies everyone.

I think I might go ahead with leasing. The only thing I dislike about it is the commitment, least with a PCP deal I can exit the agreement at anytime and settle the amount owed (expense way I know).

I rang up a leasing company, they told me this deal for 24 months.

Same Audi, brand new fully loaded with extras
£300.00 a month
6 months deposit £1800
24 month contract

Which is a total of £9,000. So I'm not sure, if i bought the 20k car, in 2 years time surely the car wouldn't have lost £9,000. As I read with leasing I'm essentially paying the depreciation of a new car.

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TA14 said:

Doesn't an initial six month deposit mean that the total paid, assuming no damage to the car, is 24 x 300 = 7200?

Unfortunately not

I have to put 6 months upfront, then pay 23 months.

So it's 6 months = £1800, then 23 months at £6900

They write it like 6 + 23

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Realistically I think in 2 years time the Audi would depreciate and be worth around £13/14k.

I just need to buy a low milage 2012 plate, n hope I can buy it for £19k. I hardly do any miles a year as I do not need to commute to work. So leasing imo would be a waste as i don't do 10k miles a year. Around 5-6k miles.

I think I just have to be patient and wait for a private seller to list their vehicle at £20k, and offer £19k with my own money.

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jonm01 said:

Do you really need all the extras though? That will bump up the price. I don't think there are ever many decent Audi lease deals either. Have you looked at a similar Merc or BMW?

Merc lease deal is this

Standard C class coupe

24 months
£250 a month
6 months deposit = 1500

which comes to a total of £7500.

But disadvantages, I'm stuck within a contract. And I believe if i bought a 2012 outright it would be around 14/15k when i go to sell it in 2 years time.