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Car Loan or Leasing?

xnetco
xnetco Posts: 144 Forumite
Part of the Furniture 100 Posts
in Motoring
Hi,

I'm looking to buy a new car in the next 6 months but I'm not sure whether it's best to lease or buy. I'm looking to spend roughly £30-40K on a car. What do you guys all reckon?

Tim

Comments

  • blue_haddock
    blue_haddock Posts: 12,110 Forumite
    How long are you looking to keep it? If you buy a car and run it for quite a while it's probably better to get a loan and buy it but if you change cars every 2 or 3 years it will probably be best to lease it.
  • ChrisB_4
    ChrisB_4 Posts: 30 Forumite
    Does a PCP (Personal contract plan) count as a lease? beacuse it's basically not YOUR car.. it's the property of the car company, and you CANNOT sell it. Just not sure what "lease" exactly means here..
This discussion has been closed.
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