Buy vs Lease?

I just don’t see the attraction of leasing flash cars personally.

I don't see the attraction of travelling around the country to watch a football team, or buying a collection of wine, or spending a week in the Maldives. But others do - everyone has different things they prioritise.
 
I don't see the attraction of travelling around the country to watch a football team, or buying a collection of wine, or spending a week in the Maldives. But others do - everyone has different things they prioritise.

Depends how much disposable income said person has.
Some people have next to zero, due to large mortgages and other commitments.
I take no pleasure at all in depreciation or paying through the nose in the first place for something.
Looking at Berlingo deals on carwow last week. You can get £5000 of RRP cash, and next to nothing off (full RRP) lease.
Not only are you paying interest in many cases, you are also paying more to start with by a large margin.
It’s usually the worst off that end up paying the most to lease sadly.
 
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This reads more like a lack of interest in new cars on your part than a reason not to finance them for those who are interested.

You don’t have to have a ‘new’ car to be interested in cars. Trust me the old ones are far more interesting both to drive and own.
 
Paying £7000 to lease a car over 2 years?

I could spend £7000 and get a reliable car that would last 5 years or more.
 
You don’t have to have a ‘new’ car to be interested in cars. Trust me the old ones are far more interesting both to drive and own.
I didn't say that, I said your lack of interest in new cars isn't an argument against financing for people who are interested in them.

Your preference for driving old cars doesn't make financing a bad idea for people who want to drive new cars, it just makes it something you're not personally interested in doing.
 
I didn't say that, I said your lack of interest in new cars isn't an argument against financing for people who are interested in them.

Your preference for driving old cars doesn't make financing a bad idea for people who want to drive new cars, it just makes it something you're not personally interested in doing.

I think the price of new cars is utterly ridiculous, the money that people loose is amusing to me to say the least.
Literally working for nothing.
If that’s what floats your boat, crack on.
 
I think the price of new cars is utterly ridiculous, the money that people loose is amusing to me to say the least.
Literally working for nothing.
If that’s what floats your boat, crack on.
I'm sure there are plenty of people out there who would deem whatever you spend your disposable cash on ridiculous too but that is a discussion about whether buying expensive new cars is 'worth it' to the individual, not whether finance is a good or bad thing for those who are buying them.
 
Paying £7000 to lease a car over 2 years?

I could spend £7000 and get a reliable car that would last 5 years or more.

100% agree.

I personal think PCP is a awful debt cycle, that I have seen a few friends get caught up in. Just so they can have a brand new car and the bragging rights. I save up to buy my cars, in the past I have taken out personal loans for cars I wouldn’t do that again. But I can understand why people do, as long they are sensible and can afford the debt.
 
I think the price of new cars is utterly ridiculous, the money that people loose is amusing to me to say the least.
Literally working for nothing.
If that’s what floats your boat, crack on.

Wait until you see the depreciation on going out for dinner or going on holiday :eek:
 
As the wise man once said, be grateful for those that buy new cars, as they keep the stock of second hand cars up for those who chose not to buy them new.
 
I love driving cars, and riding bikes.
Pretty sure I drive more than you?
Just don’t like loosing money on them.

Some people just don’t care about the loss of money and just accept it even if you don’t. I’ve never leased a car in my life but have taken a loan for one once, now I don’t finance cars at all and pay cash but couldn’t care less how people buy or pay for what they want.
 
So is your problem people buy new cars or not? Because now you're moaning that not enough new cars have been bought to stock up the used market :p

Almost as if they are being artificially inflated to promote new car and lease deals...
Keeping God knows how many motor trade employees in a job.
Try asking for a PX price on the other hand, it’s an utter insult.
 
Almost as if they are being artificially inflated to promote new car and lease deals...
Keeping God knows how many motor trade employees in a job.
Try asking for a PX price on the other hand, it’s an utter insult.
Artificially inflated by whom? Some kind of illuminati of the car industry?
 
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