Car leasing

stella123

Hi - I want to drive a new Mazda MX5 but can't afford to buy one. Does anyone know of a cheap and reliable car leasing company. Thanks.

Pink.

Hi Stella,

You should get more help with this on the Motoring board so I'll move your thread over there.

Pink

DavidHM

http://www.lingscars.com - the woman off Dragon's Den - has an MX-5 on a 2-year lease for £176.24, £196.80 or £217.36 per month, at 10k, 15k or 20k per year.

Total cost is therefore £4,582.24, £5,116.80 or £5,651.36 over the two years.

If you bought one new from DealDrivers for £15,436 then it would be worth £11,400, £10,900 or £10,350 (Glass's p/x prices from Vauxhall for a 2005/05) losing you £4,036, £4,536 or £5,086 respectively.

Of course if you were to buy the car you would also have interest on savings (or loan interest payments) greater than the £500 in "extra" depreciation so this is one of those times when leasing makes sense as long as you're happy about changing cars every two years.