The time is fast approaching that I would normally part exchange my car for a newer model. I usually would try and to find a low mileage demo or pre-reg car. However, after a bit of thought one evening ( a dangerous thing I know ) I added up all the depreciation that I have incurred over the last four vehicles alone and was horrified !!
My question to anyone that knows is " Is leasing a car for three years a better option to avoid depreciation. Does it really matter if you don't actually own the car ? "
I've wrestled with the figures for a few days now and can't seem to come to an obvious conclusion on my own.
I've seached through the 'towcar forum' but can't seem to find the subject of 'leasing' being discussed before.
Your thoughts would be welcome.
Thanks,
Mike
My question to anyone that knows is " Is leasing a car for three years a better option to avoid depreciation. Does it really matter if you don't actually own the car ? "
I've wrestled with the figures for a few days now and can't seem to come to an obvious conclusion on my own.
I've seached through the 'towcar forum' but can't seem to find the subject of 'leasing' being discussed before.
Your thoughts would be welcome.
Thanks,
Mike