Leasing a car whilst on probation at work

Tinkberbell

Hello all,

I am in desperate need for a new car and would like to lease instead of parting with my savings in one go however I am still on probation at work as I started this job 2 months ago after being made redundant. I can’t wait until the probationary period is over to buy one so is it worth me leasing a car or should I steer clear?

L9XSS

Bit risky if your not kept on after probation ends. Can you buy a £500 banger to get you around before you get confirmation of job security?

68ComebackSpecial

A probationary period is fairly meaningless as an employer can get rid of an employee for pretty much any, or no, reason within the first two years. 

Flight3287462

You have been there a couple of months, how is the job going?  Be truthful with yourself.

What will you do, if they get rid of you and you have a 1-4 years of lease payments to pay?  Can you cover them for an extended period?

How risk averse are you?

greyteam1959

Plenty of good cheap cars around.
Under £1000.

Grumpy_chap

The banger to get you through the probation period seems the best options here.

However, there is an alternative to committing to a long term lease (3 years) and that is a long term rental for only 3 months or so.  It costs a bit more per month, but gets you a car right away and avoids the need to tie-in long term.  Many companies offer this type of product, but here is one example:
https://www.apexrental.co.uk/long_term_rental/cars/

Herzlos

Either look at a banger to get you around, or have a look at a long term rental / short term lease.
When does your probation end, in another 4 months? So a 2-6 month rental/lease won't go too badly.