Own my car outright, stupid to sell and take a lease on?
Discussion
Doing a bit of man maths at the moment.
Car is a modified m140i, suspension, LSD, exhaust, alloys etc etc. Worth approx 18k then maybe get 2k back for mods.
I love it, i dont get to drive it hard a lot due to having a toddler and my work commute is short.
Seen a lease deal for 420a month for a bmw 330e, includes everything with no deposit, insurance etc. 3 year lease.
The cash i would gain now i would convert my garage in my house and sort my garden out, things i want to do but not necessarily in a crazy rush to do.
Only downfall of the lease is in 3 years i wont have any equity, plus the car wont be as fun to drive.
Anyone done anything similar?
Car is a modified m140i, suspension, LSD, exhaust, alloys etc etc. Worth approx 18k then maybe get 2k back for mods.
I love it, i dont get to drive it hard a lot due to having a toddler and my work commute is short.
Seen a lease deal for 420a month for a bmw 330e, includes everything with no deposit, insurance etc. 3 year lease.
The cash i would gain now i would convert my garage in my house and sort my garden out, things i want to do but not necessarily in a crazy rush to do.
Only downfall of the lease is in 3 years i wont have any equity, plus the car wont be as fun to drive.
Anyone done anything similar?
Roger Irrelevant said:
Obviously there's no right or wrong answer but I'd be looking to get a loan to cover the house/garden works when the time is right. You'll keep the car you love and won't be tempted to fritter away the sale cash on ste.
Yeh i think thats my worry, i wont end up getting the house things done for ages etc.Gassing Station | Car Buying | Top of Page | What's New | My Stuff