We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Buying a car- do I get a loan, use a credit card or take out a finance agreement?

2»

Comments

  • Ok, Say your on a 36 month lease and settle after 12, most leasing companies will want some form of payment in respect of the 24 remaining months. PCP for example would want 50% of the outstanding rentals due, plus any damage to the vehicle.

    Leasing always look cheaper but can you walk away from it and if so at what cost?
  • BadgerFace_2
    BadgerFace_2 Posts: 333 Forumite
    Oh, I get you now.

    Yeah, of course if you sign for a 36 month lease you're going to be hit if you give it up early. I was thinking more along the lines of a 12 month lease; he'll pay a little more for it, but if it's a lucrative contract, with no stability following, then it may be worth it.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.4K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 262K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.