Thinking of leasing a car. Good or bad idea?

[RetroTed]

Looking to maybe lease a new Tiquan or Scirocco as its seems to make good sense from a repayment point of view as we can claim back the VAT.
Do you lease your car? if so are there any pitfalls that we should look out for or any good companys..

http://www.carleasingspecialoffers.co.uk/car-leasi...


All comment greatly received as usual.

[randomwalk]

Leasing has an implicit interest rate so it does add an extra cost and liability, if you can offset it against your tax and it is desirable to lower your taxable income then it is good way to enjoy a nice drive and derive a tax benefit. If however it is more a private thing and you have the cash it is better to pay cash for it in my opinion.

[Wills2]

Some of the leasing deals on offer are less than the depreciation you would suffer buying the car out right over the term and in that way they are a good option. Talking of options things get expensive if you start adding them as they tend to simply divide the cost by the monthly payments.

But if you take the car as it is then its a sensible choice if you want a new car and the deal is right.

IIRC you can only claim 1/2 the VAT back and none if you are a private individual.

IMHO.