Lease - purchase car or carrying on leasing...

[sharepointalex]

Currently lease a 2015 335d through LeasePlan, I spec'ed it pretty high so Adaptive suspension, M sport brakes, memory seats, full LEDs, Prof media.

I love the car and it's almost time to hand it back (early October) so exploring options.

I asked for a purchase price to see if it's possible to buy and they want £20k - that was based on the car being 28k miles - its now just over 30 and I expect will go up to 32-35k (so I'm hoping that price may come down).

I expected they would shaft me and want much more than that, used ones same sort of year are at least £20k but tend to be much poorer spec - I had read that when lease co's sell back to you they don't care about spec. Found a couple for £18k/19k for around 20k miles which is better but the spec just isn't good.

One positive with this car was full maintenance included and it needs servicing/MOT'ing in September so it will have a fresh service plus MOT if I do buy it.

And leaseplan offer you to extend the manufacturer warranty (as it will run out in October) for £250 I think for 2 or 3 years - which I think is not bad!

Also looking at lease deals again but i'm leaning towards just buying it.

Thoughts folks?

[ElectricPics]

You've paid LeasePlan to take the risk on the future residual value and effectively underwriting that residual by buying a car at the end of the lease usually doesn't make sense, but if the figures stack up then you might as well. They only want what the car owes them at the end of the term and spec is irrelevant as it's already factored into the values from the purchase price, your payments and the RV. The extended warranty isn't manufacturer though - it's their own.

[lornemalvo]

A lot to be said for buying a car you know. You know how it's been treated and driven, and whether it's been used for track days etc. I'm a buyer rather than a renter so my opinion would be biased in that direction.