Car leasing v's PCP

treasureirealnds

Hi, does anyone that has leased a car have any advice for me please?
Id like to get a new DS3. I usually go for the PCP option, but the salesman suggested leasing as it is cheaper a month.
Same deposit on both and leasing also gives me free servicing and tax. It works out about £100 cheaper a month.
Anyone who can help me with their experiences or my options I'd be really grateful.
I know a bank loan would work out cheaper but i like to swap cars every 2/3 years.
Thank you. 

jonesMUFCforever

With a lease the downside is that you never own the car.
Good thing is that everything is included such as tax and servicing etc.
With PCP you have the option of owning something at the end - although if you like to change your car every 2/3 years I can see why a lease might seem attractive.

TadleyBaggie

jonesMUFCforever said:

Good thing is that everything is included such as tax and servicing etc.

Not always, depends on the deal. I'm currently in a lease but all maintenance is at my cost.

flashg67

I've just gone from PCP to a straight lease. As said, you'll never own it and you'll need tofind a deposit again if you want to lease again when it ends. I'm happy so far though - got a car I wouldn't be able to afford on PCP and don't have to face negotiating again with a dealer in 3 years time

MalMonroe

I'm on a PCP, I've never done it before and I like it. Took it out last September for two years, 0% interest payments for the whole two years. I like the fact that I have a relatively new (if small) car for two years and then at the end of the term I can return it, buy it or swap it for another car - hopefully on similar 0% terms but if not, it's not a problem. Out of interest and not because I'm wanting to sell right now but I recently put the details into 'we buy any car dot com' and the price they offered was £1k more than the balance remaining on the agreement, so I was very pleased. 

I'll probably do PCP again.