Reduced mileage - buy or lease?

neilmcl

Jwiltshire85 said:

Thanks for the responses. Neilmcl is right, I am paying off the loan over 5 years at approx £400 per month so that's what I am comparing the monthly costs to. I do own the car, but the cost is paying back the loan. I could sell the car, pay off the loan to wipe the slate clean. Ideally I would look to have a similar car which may or may not be cheaper by leasing. The car allowance policy is that the car has to be no more than 18 months old from date of purchase, and no more than 4 years old to keep the car allowance. As you say, I think it is a case of looking for a comparable car on PCH etc. and weighing up the monthly costs

Try somewhere like https://www.selectcarleasing.co.uk/ and always look for the lease deals rather than chasing a particular model of car.