its never your car unless you pay full cash for it as most people take out a loan or PCP. so the bank or the finance company owns it.
any car is money down the drain and each to their own. I would rather lease it, you get warranty and everything else and just hand it back. move onto the new one or sth else. once you are beyond 3 years you are into extended warranty and more cost and issues as time goes on. cars are throw away these days and they are not built to last.
for me on the Cupra 290 black it was a no brainer. £1500 down, £156 per month for 2 years and 10k miles. car tax included. . so that's £5200 over 2 years (£216 per month all in) stupid cheap for the car and its performance. there was no dealer offering me £216 per month all in for 10k miles a year. its was more like £300 per month.
mate of mine has an £80k range rover which I told him not to buy or even consider as they are a nightmare. after 6 months its been a mare and its a lemon. Land rover might be buying it back. he has had several loan cars but its still loads of your $$ gone which would be better spent else where.
the thought of spending £25k on a seat is truly frightening. and you drive it down the road and you see the £50 pound notes left on the road.
returning a car to standard at lease end is no bother at all. in my case its jack up the front, take off the front low lip spoiler, unbolt the uprated engine mount , unplug the DTUK box and take off the side skirts. hour tops. job done. no company looks under the car as they will drive it straight to the auctions and once signed off then its next owners problem.
What car did you go for? What spec? How much did you lease cost you over three years? What happens if you actually enjoy the car and would like to keep it?
I’m the same boat as the OP what was wanted per month for lease was more than it was to get a loan due to the added extras. Plus the mileage I do pushed to lease up. Based on resale values I’m set to lose £10000 over three years. But I get the car I want for a price I want.
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