Re: Leasing versus sales
I did get a calculator and a clue just a couple of months ago. For myself, over 4 years:
- leasing the car worked out cheaper than either PCP or HP unless the vehicle was worth at least £10k more at the end than expected
- leasing the car was slightly cheaper than getting a loan for the car value unless the car was worth at least £5k more than expected at the end
- leasing was slightly more expensive than buying with cash, but came out similar of you put the cash in a savings account and used that to pay the lease
This is obviously going to vary depending on the deals available, but it was the case for my specific situation.