Car finance vs depreciation

[Lockhouse]

I tend to buy decent low mileage 3-4 year old cars for cash then run them until I'm bored and fancy something else to drive. When you spread the cost over the car over 5-6 years it's cheap as chips.

[Troll]

Don't you end up paying the depreciation anyway, just spread over the term of the lease + interest?

Dunno Warren Buffet said it...

[sasguru]

I like the smell of new cars so I buy new.

HTH

[DimPrawn]

I like the smell of new cars so I buy new.

HTH

Yep, seems you keep the British Motor Industry alive single handed.

http://forums.contractoruk.com/gener...ml#post1459755
http://forums.contractoruk.com/gener...ml#post1089480
http://forums.contractoruk.com/gener...next-week.html

[sasguru]

Yep, seems you keep the British Motor Industry alive single handed.

http://forums.contractoruk.com/gener...ml#post1459755
http://forums.contractoruk.com/gener...ml#post1089480
http://forums.contractoruk.com/gener...next-week.html

2nd one was to wind you up. Looked like it worked

[eek]

Yep, seems you keep the British Motor Industry alive single handed.

http://forums.contractoruk.com/gener...ml#post1459755
http://forums.contractoruk.com/gener...ml#post1089480
http://forums.contractoruk.com/gener...next-week.html

as the last car is a rebadged subaru and the others were other Japanese models I think the most we can hope for is that he kept a UK car dealer going for another day

[sasguru]

as the last car is a rebadged subaru and the others were other Japanese models I think the most we can hope for is that he kept a UK car dealer going for another day

I usually buy Japanese (or now Korean), I like good value, reliability and decent comfort.
I object to paying over the odds for marketing and extras for inferior products.
Of course people like Dim like stroking their "soft-touch" plastics when their car is in the garage for fixing

[OwlHoot]

I like the smell of new cars so I buy new.

HTH

So not long after you buy one it starts smelling of unadulterated Sas?

It would work out cheaper to use some powerful air freshener, like Ozium

Or liquid leather air freshener

[sasguru]

So not long after you buy one it starts smelling of unadulterated Sas?

Yes it smells of success.

[IR35FanClub]

If you were to buy a new car in the next month or so would you pay out a lump sum to buy it outright or get a financing deal?

Would you get a loan? Hire purchase? PCP?

I used to buy 1-3 years old cars and keep till they got expensive to fix. But after a string of "expensive to fix in their first year of me owning them" cars I decided to lease this time. I know what my costs are for the next 2 years and only add fuel and insurance.

Done a Personal leave (not HP or PCP) as I don't want to pay BIK tax on a car I hardly use. Train is faster and I get to sleep/google.

By my calcs its' cheaper than buying as the depriciation figures are not what you actually get when selling (bend over at the stealers and take £1500 less than Parkers says! or try and sell through autotrader and get £500 less than your best price!) , and don't include the repairs and servicing you add extra on top. Dont forget the lease companies get some good discounts from the manufactures.