Husband wants me to sell my car to get a lease - Which is the better option here…???

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I really need some other opinions and advice, I’ll try to keep it as short and simple as possible but want to get in as much detail as I can.

I have a Nissan Xtrail 2016 plate, on finance, will be fully paid off in March 2027, monthly payments of £313 plus £20 tax per month so £333 in total, but once this is paid off I no longer have that monthly cost… however… I got my service last night, I need to spend £800 to change the things that were marked as “red” meaning bad, and a further £900 on issues marked as amber, so not as urgent but will need to be done eventually.

My husband thinks it is more cost effective and safer for our 2 children if I was to sell my car and continue to get new cars on lease whereas I feel keeping the car we have now, as long as it is looked after, for as long as we can is the better option but I could be wrong!

So if I was to sell my car, once I have paid off the settlement quote I would be left with around £2000 which I would use to clear my debt which then gives us an additional £100 disposable income a month, but of course if we get a car on lease we will forever be paying around that £300 that i could have cleared once my current car is paid off leaving us with £313 disposable income, but my husband said that if we get a car on lease, if there are any issues with the car we would be covered and wouldn’t have to pay out for any problems that could occur, whereas with my car if we keep it we will have to pay for services and any issues that arise. It’s also a fairly old car so more problems may come up but so far this car has never let me down in the 4 years I have had it and seems so reliable.

I really do not know what to do in this situation. I am so stuck, help please!! What is the smarter option here. Thanks in advance!

What were the 'red' and 'amber' things? We've a 2012 car and do all the work ourselves pretty much. Never spend much on it, it's usually tyres (tyre place do it, we have a deal with mates rates luckily) or brake pads (we do it - honestly it's really easy to do, all of us do our own cars ourselves even DD with her impeccable nails).

I know lots of people do, but we have never had a car on lease. We always buy nearly new, low mileage, with service packs. My last car, a mini, was 6 months old, ex demo, fully loaded, £8k less than list! It came with the balance of 5 years free servicing. Still got it 10 years later, no issues, or big bills, get it serviced by a local guy down the road.

Definitely more cost effective to own a car. I bought a two year old car in 2014. I've looked after it and it's cost me very little to maintain. I do save each month especially for the car, so maybe do this instead? I put in £100 a month and always have some to spare at the end of the year.

As above, we buy reliable cars outright then put money away each month to cover repairs. Nissan make pretty reliable cars, abd 2016 isn't particularly old for a car. My husband's 2012 VW is still going strong with about 150k miles.

I've watched videos on Youtube and its apparantly cheaper to lease a new csr than to buy.

It really depends on whether the car will need ongoing work. Is this the start of constantly paying out to keep it on the road or will this money get it up together and give you a reliable vehicle for the next few years.

My husband is something of a "petrol head" and his words were "its a fucking good car," Your car is also pretty safe so getting a newer car wouldn't necessarily be safer.

Owning your car you've bought on a personal loan and paying for maintenance is FAR better than having a series of them on lease that you are forking out for every month but never end up actually owning. It's like renting your home vs buying.

My current car is owned outright, and we probably spend well under a thousand a year on all maintenance etc. And that's a 20 year old car.