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Lease or buy?
Thinking of selling my 15k 2009 (09) Fiat 500 1.2 Lounge for £7k to help with my finances.
Should I buy a small car around the £2k mark, or should I lease a similar car (engine size, mpg etc.) for 3 years, between £2,500-£3,500 if such a deal exists?
My reasoning is this, road tax is included, MOT would not be needed for the 3 years and I would have a manufacturers warranty, and I may save myself money, by not having to pay out for MOTs, repairs etc. if I were to buy an old car. After the three years I would reassess my position and either go for a very cheap and old run-around or lease again.
Should I buy a small car around the £2k mark, or should I lease a similar car (engine size, mpg etc.) for 3 years, between £2,500-£3,500 if such a deal exists?
My reasoning is this, road tax is included, MOT would not be needed for the 3 years and I would have a manufacturers warranty, and I may save myself money, by not having to pay out for MOTs, repairs etc. if I were to buy an old car. After the three years I would reassess my position and either go for a very cheap and old run-around or lease again.
Asked on 18 February 2012 by Charlie Mason
Answered by
Honest John
Try www.lingscars.co.uk and www.dsgauto.com
Our honest used car pricing is a little bit different to all the others. You can get to our values through make or model - you don’t have to follow a prescribed route. Plus, it’s live, which means we can react to changes in the market quicker than any printed price guide.
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