I'm looking for opinions or those that have actually done the maths:
I've always had 2nd hand cars, my old A3 8L I had for years and loved. I bought my current car new for £18k ish because the 8P was a run out model.
Webuyanycar will give me £13750 for it today which is probably a rubbish price but for the sake of this gives me a benchmark.
I've seen new A1 S-lines for lease at under £150 a month and if you assume I didn't get as good a discount on my A3 (book with options was £22k from memory) therefore my car has cost me about £6k over 3 yrs with some rounding and assumptions.
For the same period, I could lease that A1 and it'd cost me £5k ish and not have responsibility for a depreciating lump of metal in my garage, hand it back and repeat.
My query is as to which route is more popular for the petrol heads on here?
Does the lease company screw you when handing the car back for each bit of wear and tear (making leasing expensive)?
I have my own company so there may be a saving tax wise on a lease but my accountant won't be around until next week.