Buying a card for cash vs Finance
Can anyone point me towards any resources/advisors who can make sense of this?
Let's say I bought a car 5 years ago for 30k.
Depreciation now puts it at 15k so over the 5 years the car has cost average of 3k per year, + maintenence costs etc.
Of course now that the car is out of warranty and due to natural wear and tear some bigger mechanical bills start to come in.
In order to change the car, if I don't want to take the rock bottom price of part exchange I now have to spend the time and hassle of preparing the car for sale, making necessary minor repairs such as bringing alloy wheels up to standard, get the car listed on a portal, deal with the phone calls, viewings, etc....
I am wondering that if I had bought a car on one of these schemes where you can change the car at the end of the term - how much worse off would I be as opposed to buying for cash?
If the difference is only relatively nominal, quite frankly I would probably rather do that than deal with the hassle of selling etc
There must be some hot deals out there no?
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