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Did you buy it outright or did you get it on finance or lease it?

Considering a lot of cars are personal lease/finance these days especially those who like expensive stuff because no one wants to get hit with the depreciation costs it's quite a valid question to ask sometimes.
 
Considering a lot of cars are personal lease/finance these days especially those who like expensive stuff because no one wants to get hit with the depreciation costs it's quite a valid question to ask sometimes.

How do you avoid getting hit by depreciation by financing? You're still paying for the depreciation!
 
How do you avoid getting hit by depreciation by financing? You're still paying for the depreciation!

Tell that to the people who justify financing. I'm glad you picked up on that as the majority of my friends who are financing fail to believe me.
 
Tell that to the people who justify financing. I'm glad you picked up on that as the majority of my friends who are financing fail to believe me.
With the exception of the likes of HP, isn't most financing almost exclusively paying off the depreciation (and the interest)? (Sure, PCP pays off a little of the balance in some circumstances, but leasing and PCH are essentially paying off the depreciation, the interest and "fees")
 
Did you buy it outright or did you get it on finance or lease it?
I bought it outright, with my own cash, no bank of mum and dad etc etc etc. It was 1k deposit and 29.9k cash (So 31k all in)
I buy my insurance and tax outright. as well....
Insurance year 1 was 804 with £0 vol excess, year 2 was £940 with £500 vol excess (then you've got young driver excess being under 25, and the premium car excess as well)......

All the mods are also bought outright, or sponsored. :)
 
I bought it outright, with my own cash, no bank of mum and dad etc etc etc. It was 1k deposit and 29.9k cash (So 31k all in)
I buy my insurance and tax outright. as well....
Insurance year 1 was 804 with £0 vol excess, year 2 was £940 with £500 vol excess (then you've got young driver excess being under 25, and the premium car excess as well)......

All the mods are also bought outright, or sponsored. :)
That's a damn good effort :D your insurance does sound pretty cheap though :p
 
Without prying too much, what on Earth do you do for a living? :p
Corporate Banking Business Analyst, Been investing my money wisely (and sometimes not so wisely) as well. Then have a few bits on the side to make me a little bit extra here and there.

@Jumper118 Nope, not really, probably more in year 1. They don't even care about the mods anymore. Was with the same insurer too!!
 
Corporate Banking Business Analyst, Been investing my money wisely (and sometimes not so wisely) as well. Then have a few bits on the side to make me a little bit extra here and there.

@Jumper118 Nope, not really, probably more in year 1. They don't even care about the mods anymore. Was with the same insurer too!!
That's strange then. Maybe they thought it was too cheap the first time round XD
 
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