Own my car outright, stupid to sell and take a lease on?

[inline6bmwfan]

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?

[inline6bmwfan]

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.

[inline6bmwfan]

ED209 said:

Where can that 330e deal be found?

Through my employer mate, not that cheap normally i believe, usually 500 plus?

[inline6bmwfan]

sunnyb13 said:

Will the m140i depreciate £15k in 3 years and be worth only £3k in 2026?

No BUT it will require a good chunk of maintence money over that time POTENTIALLY.

Service.
Tyres.
Repair.
Insurance.
Tax

Etc etc