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Car Loan or Leasing?

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xnetco
xnetco Posts: 143 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..
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