We currently own two cars. Both bought second hand with cash when we had some spare. They are not fancy cars, one is 4 years old, one is just over 10. We want to replace the older car, it's got high running and maintenance costs and we need something bigger as we now have two growing kids. So, we want to trade it in and get an estate. This time round, we have no spare cash and don't want to deplete our savings.
My DH is desperate for a 'nice' car and has worked out that we can afford to lease a fairly decent car. So we pay a monthly fee and then after 3 years, we just hand the car back and get another one.
I think we would be better off buying a decent second hand car on finance. But the monthly repayments are higher and the car isn't so nice. But at the end of it, we at least have an asset to our name.
DH is convinced lots of people lease their cars - and why their cars are much fancier than ours. I'm not sure he's right!
So anyway, long story short, do you own your car/s or lease?
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Do you own or lease your cars?
129 replies
Turkeycondundrum · 11/02/2019 22:22
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