View Poll Results: Did You Lease or Buy Your Car?
Leased
32
52.46%
bought
29
47.54%
Voters: 61. You may not vote on this poll
Did You Lease or Buy Your Car?
Thread Starter
Member
Joined: Apr 2015
Posts: 138
Likes: 0
c300
I was chatting with good friend of mine that works in the auto industry and told me that most people lease now.. I found that interesting. I always thought most people finance their cars and keep them for years
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Member
Joined: Aug 2012
Posts: 217
Likes: 2
From: New Jersey
2016 C300
Newbie
Joined: Jul 2015
Posts: 8
Likes: 0
C250 Amg line diamond white
In the past i always use to buy a car then i realise i lose too much money then i start leasing.
I usually go for PCP (Personal contract purchase) this will be my 4th PCP deal.
Its on your own name in the end of contract you can buy your car what ever the value on that car left or give it back & replace it with new one that way,You get to drive brand new model car every 3 or 4 years.
I personally love it because ill rather put my £40000 in my business for 3 years & make more money.
I usually go for PCP (Personal contract purchase) this will be my 4th PCP deal.
Its on your own name in the end of contract you can buy your car what ever the value on that car left or give it back & replace it with new one that way,You get to drive brand new model car every 3 or 4 years.
I personally love it because ill rather put my £40000 in my business for 3 years & make more money.
Member
Joined: Aug 2014
Posts: 199
Likes: 2
From: Midwest
2015 C 300
It wouldn't be close. Cars depreciate much more in years 1-3 than years 4-6. So if you did two leases, you'd take the big depreciation hit twice.
Junior Member
Joined: May 2015
Posts: 45
Likes: 0
From: UK, Hounslow
W205 AMG prem+ (waiting delivery)
In the past i always use to buy a car then i realise i lose too much money then i start leasing.
I usually go for PCP (Personal contract purchase) this will be my 4th PCP deal.
Its on your own name in the end of contract you can buy your car what ever the value on that car left or give it back & replace it with new one that way,You get to drive brand new model car every 3 or 4 years.
I personally love it because ill rather put my £40000 in my business for 3 years & make more money.
I usually go for PCP (Personal contract purchase) this will be my 4th PCP deal.
Its on your own name in the end of contract you can buy your car what ever the value on that car left or give it back & replace it with new one that way,You get to drive brand new model car every 3 or 4 years.
I personally love it because ill rather put my £40000 in my business for 3 years & make more money.
Junior Member
Joined: Jun 2015
Posts: 15
Likes: 0
From: Louisville, Kentucky
C300
You are almost always better off purchasing a car than leasing it unless you want a new car every two to three years and even then it's usually better to purchase. The only time it is usually better to lease is if you are deducting the lease payments for your business and drive low miles.
Thread Starter
Member
Joined: Apr 2015
Posts: 138
Likes: 0
c300
I heard the same. If you want the car for only 3/4 years you are better off leasing. If you plan to keep it 8 years+ then definitely finance
You are almost always better off purchasing a car than leasing it unless you want a new car every two to three years and even then it's usually better to purchase. The only time it is usually better to lease is if you are deducting the lease payments for your business and drive low miles.
Junior Member
Joined: Jan 2015
Posts: 47
Likes: 0
From: South London
Merc GLC Coupe 250d AMG Line Prem Plus
Leased mine! Against the business though so few more perks! Decided to even get one for my dad as they were so cheap!
Have a few friends who lease personally as well. Think its definitely the way forward when you can pick up a AMG Line spec now for 26k when it was 40k last year! ... Depreciation is a bummer! 2 year lease 10k annually. for me I cant be happier.
Have a few friends who lease personally as well. Think its definitely the way forward when you can pick up a AMG Line spec now for 26k when it was 40k last year! ... Depreciation is a bummer! 2 year lease 10k annually. for me I cant be happier.
MBWorld Fanatic!
Joined: Feb 2010
Posts: 1,204
Likes: 271
From: North CA
2021 E63S and 2025 GT63
Due to rapid improvements ended up switching to new model within 3 years
Lease saves me money ....
Junior Member
Joined: Jun 2015
Posts: 24
Likes: 0
From: UK
C200
Interesting Lease v Purchase - Looking at my Jaguar XF traded in for my new C Class, I have to find £13,300 between the difference between trade in value and discounted price on the C Class. As my Jag will 3.5 yrs old, it has cost me £317 per mth to own. Based on this, their is little difference between leasing and purchasing.
Looking forward, my C Class will be depreciate against its full retail cost as opposed to what I actually paid. Dealers are selling secondhand C Class's several thousand above what I am paying for a new one.
So Lease v Purchase very much depends on the 1) discount you can secure on your purchase and 2) trade in value of your current vehicle.
Looking forward, my C Class will be depreciate against its full retail cost as opposed to what I actually paid. Dealers are selling secondhand C Class's several thousand above what I am paying for a new one.
So Lease v Purchase very much depends on the 1) discount you can secure on your purchase and 2) trade in value of your current vehicle.
