Is Leasing A Car Throwing Money Away
I recollect the question of is it worth information technology comes after you've decided if yous want to own a new car or non and this is why the question alone may spark and then many views, Apple vs Pear etc?!?
Do you desire a new or used motorcar for your needs, all answers are valid. If you are going the new path then you decide how to buy it based on parameters including do y'all want to go along or modify subsequently x years etc?
I'm not maxim used or new is improve for an private, or lease vs other is ameliorate as in that location's too many variables, but if you want new and you lot want to swap to a new car every X years then lease is a consideration.
Like nearly things y'all can purchase at rrp or at a deal. Comparing A at RRP vs B at discounted may skew the values / consequence. A skilful used bargain vs bad new deal or loftier priced principal dealer used vs discounted new with finance incentives etc.
How sometime was the Merc when yous bought it, bet it wasn't £16K if it was i-two years old, normal mileage and in warranty? 
When I'k investigating I summate the full toll of ownership over a period including purchase toll, sell price, finance costs (if whatever) likewise as all running costs, the spreadsheet gets a bit mad and often the differences when comparing Apples vs Apples is not massive when you lot cistron it all in.
The thing that makes some leases very worth while is the deals that are sometimes done when a manufacturer is groovy to get rid of sure models. Cupras recently, VW Golf R's a few years dorsum, before that you could get some corking AMG deals. They don't always come up that often or at the right time but if they do land on the right car at the right time it may brand a lease an attractive deal for some.
Over the years I've bought all kinds of new, used and classics via most buy methods, including driving to Belgium to import a few, about methods accept their own advantages but I don't think you can universally say buying new or used via Ten, Y or Z method is e'er the best, the respond is more often than not going to be it depends and fifty-fifty then it often changes.
Terminal time the married woman's car was a skilful PCP bargain due to double discounts, 0% and high GFV. New EV automobile deal nosotros're hoping to sort her into may end upward only costing united states of america (well me) as depression equally 5.4% pa of rrp (so £75k motorcar for £0 dep + 36 x £340 pm) fully maintained, insured and free installed charging point (plus relieve ~£100 pm on fuel) just considering of a company automobile lease bargain with authorities tax incentives that are nigh on EV. If I walked into a showroom and asked for the same retail bargain, I'm certain they'd quote ~2-3x that price even without maintenance and insurance. We don't particularly want / need an EV with such an RRP, information technology's simply that any descent sized EV with descent range 250+ miles was previously past my budget, merely the Sal Sac scheme combined with 0/1/2% BIK suddenly makes information technology very much inside budget and overall much cheaper overall than any similarly family sized ICE car.
If you're on PAYE and are considering a new EV the government Bacon Cede scheme if your visitor does it adds a considerable disbelieve (20/40/45%) to a lease deal which could vastly alter your maths / choices / decisions, I'g not sure why information technology'due south not better publicised.
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Source: https://www.avforums.com/threads/is-leasing-wasted-money.2325831/
Posted by: lewisgoicame.blogspot.com
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