Discussion
Looking to purchase at around £5-6k. No set decision on make/model yet (I'd like an estate, my wife wants an SUV, we'll probably get an SUV!) but I'm torn on buying or leasing. Above budget would cost me the same to lease a car over a 2 year period, without the risk. However I'd rather take the money from savings than have the extra going out each month, especially with a little one on the way.
Anyone been in this position and happy/regretting their decision? Just trying to get a nudge one way or the other!
Anyone been in this position and happy/regretting their decision? Just trying to get a nudge one way or the other!
Depends really, I’d prefer to buy as like you said there’s no out goings on a monthly basis.
When you go buy the car look at its previous MOT history. Check it’s servive history. Make sure it’s not going to cost you in the long run in repairs. Or get a lease and hopefully you shouldn’t need any repairs doing but remember you will get charged on a lease car if you have scuffs and scratches or any damage.
When you go buy the car look at its previous MOT history. Check it’s servive history. Make sure it’s not going to cost you in the long run in repairs. Or get a lease and hopefully you shouldn’t need any repairs doing but remember you will get charged on a lease car if you have scuffs and scratches or any damage.
It's all about the maths. I was looking to buy a small hatch in the 5-6k range. It would have been outbid warranty and probably a private or non specialist dealer purchase. Once I'd factored in depreciation, maintenance, MOT, unexpected breakdowns my man maths meant I could justify a new lease on a 3+23 136/month. This was for a Fiesta. I've just placed a new lease order for an Arona which would effectively be over the same 8k 2 year deal period £3.6k Vs £5k. Lease prices now are just not as competitive as even a year ago.
Buy well and you could only loose a bit of your investment. Buy really well and you could even make money or at least get your money back bar running costs.
Piece of mind is certainly the lease option. But if you enjoy the chase, don’t mind traveling to buy the car and have a eye for adding value - buy it!
Piece of mind is certainly the lease option. But if you enjoy the chase, don’t mind traveling to buy the car and have a eye for adding value - buy it!
If your going to be doing plenty of miles then definitely lease, Iv leased a gtd, had it 18month and put 40k on clock and it’s covered in stone chips!
My wife always buys as she’s does very little miles and is happy to keep the same car for along period of time - she’s just got rid of an A3 sportback that we had for 11years.
My wife always buys as she’s does very little miles and is happy to keep the same car for along period of time - she’s just got rid of an A3 sportback that we had for 11years.
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