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to lease or not?

ipri
ipri Posts: 649 Forumite
in Motoring
Hi ..my 24 yr old son has looked at some cars...his first...considering leasing. I have no knowledge of lease...what are downsides? thanks

Comments

  • DUTR
    DUTR Posts: 12,958 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ipri wrote: »
    Hi ..my 24 yr old son has looked at some cars...his first...considering leasing. I have no knowledge of lease...what are downsides? thanks

    I suppose there are no downsides as long as he adheres to the agreement and understands what he is signing for.
  • BeenThroughItAll
    BeenThroughItAll Posts: 5,018 Forumite
    ipri wrote: »
    Hi ..my 24 yr old son has looked at some cars...his first...considering leasing. I have no knowledge of lease...what are downsides? thanks





    IMO, a high cost for a vehicle you'll never own, with restrictions on what you can and can't do (mileage, accessories, etc) and the almost-certain likelihood that when you hand it back, there'll be a big bill for every scratch, scuff and mark on the car no matter how small, plus a few made-up mechanical issues.


    If it's his first car, buy a banger. It will get scratched, scuffed, dented or crashed.
  • Nodding_Donkey
    Nodding_Donkey Posts: 2,738 Forumite
    Ninth Anniversary 1,000 Posts
    BeenThroughItAll wrote: »
    If it's his first car, buy a banger. It will get scratched, scuffed, dented or crashed.

    great advice
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