Another financing (here leasing) 'argument' v buying a car which I'll never figure out:
Yesterday, I was playing with the MINI configurator and 'built' a particular spec of Clubman Cooper S, with a few bits added, i can get for about £30,700.
Of course buying it would make it mine (obviously).
Now, after reading some of this thread I went onto Vanarama's site and pumped in the same car/ spec/colour etc. It says if I pay 3 months upfront (£1464), then I pay 5 years (60 months) of £488 a month, and mum caps my mileage at 8K....I pay literally exactly the same £30,700!
So, if I BUY the car upfront (with my part exchange), I'll own the car, won't have mum capping my miles and after 5 years I'll have/still have, uh, a car, and a solid amount of money in it if I sell it.
If I do the Vanarama leasing 'finance' train, I'll pay exactly the same money, and after 5 years I'll have, uh, no car!
Go figure ?
Right, someone tell me leasing and finance is 'better'.