Best use of pension, funding a decent car lease! What to get
Best use of pension, funding a decent car lease! What to get
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Madness60

Original Poster:

634 posts

214 months

Tuesday 9th September 2014
quotequote all
Now, having read many threads on PH, I am fully aware that the majority are powerfully built company directors! Now obviously the benefits of success will lead to a wealthy/comfortable retirement and not left to be dependent on the state pension.

So, assuming you still get one, what could be more PH than blowing the whole pension on a decent car lease! Could be anything you want, unlikely to have to ferry kids round, may need to impress others or simply to stick 2 fingers up to the youth!

So what would the old you get? Today the single state pension is £113 a week so that works out at a monthly figure of £490.

We'll assume the deposit is 6 months and you have enough funds to pay for that. Will probably have to be a personal lease unless you have a cheeky directorship that you'll use to lease the car.

So what would you go for? I have to say the old me quite fancies:

Cayman, only the 2.7 but 3 years for £409

Merc SLK 350 AMG Sport, 4 years for £468 or staying with Merc how about a C63 AMG for £470 in OAP Beige!!


dave_s13

14,028 posts

299 months

Tuesday 9th September 2014
quotequote all
What about when the lease is up and you need another initial rental to start again?

You need to factor it into the allowance I reckon.