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Mortgage or car lease?

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Advice please.....thank you

Is it better to pay 15k off my mortgage and lease a car or use the 15k to buy a secondhand car?

Comments

  • kingstreet
    kingstreet Posts: 39,269 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Absolutely no idea.

    That has to go down as one of the most 'off the wall' questions we've had on here in my seven years. :eek:
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Plastered wrote: »

    Is it better to pay 15k off my mortgage and lease a car or use the 15k to buy a secondhand car?

    Do both. Pay something off the mortgage and buy a cheaper car.

    You are most likely to buy another car before finally repaying your mortgage. A car being a depreciating asset.
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