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Car - lease or buy?

2 replies

Seenonchannel4 · 23/08/2019 18:33

I’m looking at getting a new secondhand car as my old VW Golf is starting to cost me too much in repairs.

I don’t have a lump sum to spend upfront but could afford around £200 a month, either in a car loan or as someone I know suggested, a lease deal instead.

I’ve always thought it’s better to buy the best secondhand car you can get, then you’ve at least got something to trade in, but looking at what I’ve ended up with after 3 years I.e a bit of a clapped out motor that realistically nobody wants Grin, is this really the best option?

I’m not that fussed at all about driving a brand new car - would rather have a ‘better’ make of an older car tbh.

Any advice?

OP posts:
Kpo58 · 23/08/2019 18:46

How often do you use the car?

If it's every day I'd probably buy, if it's once in a while I'd probably join a car club like Zip car.

Seenonchannel4 · 24/08/2019 10:56

Thanks KPO. Use the car regularly so not keen on a car club.

Does anyone know if you can lease secondhand cars, or is it just new? And if you end up paying a load of extras on top of the monthly cost?

Thanks

OP posts:
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