New Car

Hotspur

For me, the best option is to buy a new car outright with the biggest discount possible, usually from a broker. Then I keep the car for three years, or longer, and start again.

This gives me the option of keeping the car longer if I decide to and not being concerned if my financial situation changes or with any conditions in a PCP/HP/Lease contract.

Others like the convenience of a new car every 2 or 3 years and then just handing it back to the dealer and taking another home for another period of time.

New cars aren't particularly money saving but so what if you want one and can afford it.

andrewf75

Hotspur wrote: »

New cars aren't particularly money saving but so what if you want one and can afford it.

Exactly, but I guess the issue potentially arises that in these days of easy credit some people are misled into thinking that leasing a car is good value - which it can be if you really value having a brand new model every 3 years and are happy to pay the premium for that, but I suspect there are many people out there who just lease because they haven't really thought through how much it is costing them.