Car for 9 months - Short term lease or buy?

Advice needed!

I'm moving back to the UK to work for 9 months from November onwards. I have a wife and three children and we have family to visit spread around the UK so we need a car for weekends and trips here and there (no commute). I want to get a Ford S-Max as our three child seats fit nicely into the back and we have had one before here in Norway

My two options are:

1. Buy a used S-Max for around £10k (cash) with 50k+- on the clock. After the nine months sell it on with around 10k extra miles on the clock + tax + maintenance costs.

2. Short Term lease at £485 for the 9 months with 10k miles + tax included. With the lease it'll be around £4365 for the 9 months.

Trying to decide what would be best. I don't mind the hassle of buying but selling is something else. I've had a look on webuyancar.com and tried to play around there and the car would depreciate around £2k over the nine months. Then i'm thinking will I be unlucky and have öne or two garage bills totalling £2365 etc. etc.

Tell me what you think and what you'd do in my shoes!!

Cheers
tom:beer:

Comments

  • w211
    w211 Posts: 700 Forumite
    Eighth Anniversary 500 Posts Combo Breaker
    Leasing looks less hassle. You have the pleasure of driving a brand new car, then handing it back no problem. It will be under warranty, no servicing required, tax or MOT.
  • forgotmyname
    forgotmyname Posts: 32,846 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    What about insurance? Is that price inclusive?

    If not maybe hiring one long term? A quick search showed a Zafira on 6month+ hire at around £400 a month.

    With insurance it may work out slightly cheaper?
    Censorship Reigns Supreme in Troll City...

  • Hintza
    Hintza Posts: 19,420 Forumite
    10,000 Posts Combo Breaker
    If you are going to lease look for the deal and not the car.

    Draw up a short list of cars that meet your criteria and then pick the one that is not selling as well, you will be more likely to get a deal.
  • The leasing rate of £485 does not include insurance. I've got 7 years no claims from Norway but doubt i'd be able to take it to the UK.

    I've had a look at long term car hire but a lot of the rates are exclusive insurance.

    Leasing does sound appealing and it also saves time.
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