Old vs New

[Z4MCSL]

On the advice of a kind poster on the "Best Lease Car Deals" thread I have started this as a new thread.

Do people think it ever works out more logical to lease a new car than buy old?

I was reading a blog:

www.rantingaboutcars.wordpress.com

and found it hard not to agree.

What do you guys and gals think?

[wemorgan]

Logic is at times similar to man maths - you make it what you want it to be.

I read somewhere that the happiest well-off people are those who use their wealth to buy them more free time - material items gain them much less.

So 'logic' says spend less money on cars and retire earlier instead.

We'll see.......

[LM95]

If the determining factor is cost then a lease of a new car will very rarely beat the used car. The lease v buy old argument is flawed though as it is not a direct comparison. It can only be lease v buy new surely. Then some simple maths can determine if the lease beats the depreciation if again cost is the factor at play.

It all depends on what the priority is. If like me you receive a car allowance and the stipulation is the vehicle needs to be less than 4 years old and you want to drive something relatively nice it is easier to pay £300 per month for a £35k car than buy one and have it on my credit file. As this is in my mind not my money so I’m not really bothered that it’s not my car to own.

Edited by LM95 on Wednesday 3rd January 14:54

[cholo]

A new car works out dearer than a second hand one shocker....

Just like a faster car costs more to run than a slower one.

So do any of us buy cars based on cost and cost alone??

Isn't this a car forum afterall?