Buying a car - how do you finance?

[Dark Black]

Modern cars are pants.

Always pay cash, never more the a grand, on a decent, pre-2000, second hand car.

Drive into ground over several years.

Rinse and repeat...

HTH BIDI

[lilelvis2000]

Not strictly accurate. For instance many lease companies will offer to sell you the car at the end of the lease for far less than you would be able to buy it from a dealer. If you want Lease then a broker like Lingscars.com is worth checking. Cars that are anticipated to depreciate least can be a steal, and sometimes they get in wrong as has happened a number of times and you are quids in.

PCP and lease you are at the mercy of how they value any minor scruffs and scrapes you pick up, this is where the biggest risk is - if they charge a lot for supposedly fixing some minor scuff that would have been ignored in a normal trade in discussion.

From what I know. The leasing company often use this special light which picks up marks not visible under normal light. Pretty hard not to get dinged really. But at least you have had a really nice car for 2-3 years.

[LondonManc]

From what I know. The leasing company often use this special light which picks up marks not visible under normal light. Pretty hard not to get dinged really. But at least you have had a really nice car for 2-3 years.

That's the dogging crew paying cash then.

[Pherlopolus]

From what I know. The leasing company often use this special light which picks up marks not visible under normal light. Pretty hard not to get dinged really. But at least you have had a really nice car for 2-3 years.

Nope, there are industry guidelines for fair wear and tear, and they are actually reasonable generous these days,

[LondonManc]

I'll be taking a contract car next time, fed up of the salesdrones, buying, selling hassle, etc on a depreciating asset. Can get a BMW 520 for under £300/month

[AtW]

I'll be taking a contract car next time, fed up of the salesdrones, buying, selling hassle, etc on a depreciating asset. Can get a BMW 520 for under £300/month

You can get a BMW 530 for £0 per month, if you pay cash for it upfront.