Buying new car, what kind of finance package should I go with? or should I lease?

scott1andrews

I'm looking at a new Audi A3 2.0 TDI Black Edition with 2 upgrades - discounted to £20,700. I'm looking at a PCP finance deal over 4 yrs with a balloon payment at the end or leasing for 2-3 years...not sure which I should go for though. If anyone has any advice it would be greatly appreciated. Thanks.

nickmack

scott1andrews wrote: »

I'm looking at a new Audi A3 2.0 TDI Black Edition with 2 upgrades - discounted to £20,700. I'm looking at a PCP finance deal over 4 yrs with a balloon payment at the end or leasing for 2-3 years...not sure which I should go for though. If anyone has any advice it would be greatly appreciated. Thanks.

If you do a search for 'leasing' or 'PCP' on this forum, you should come up with quite a few threads dscussing.

As a ball park, you'd probably be looking at £350+ on lease for this vehicle.

Hintza

Get your spreadsheet out and put the figures in.

If lowish mileage 10k-12k lease might be best but you need to do some ground work. Personally if I lease 1-2 years is long enough for me.

Lemonade_Pockets

I would go CH or PCP if its still affordable. That way you know were you stand if the !!!! continues to fall out of the market.
I've seen at least 2 or 3 posts on this forum in last week from people who have or would have benefited from buying their car on a PCP.
One guy with a BMW who bought on lease purchase is going to be out on his final payment by at least a couple of grand in my opinion.