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To Buy Or To Lease

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Ric.ror | 16:29 Tue 14th Mar 2017 | Motoring
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Which do most people do?
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Buy.
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I was thinking of cars (typed it on the bus)!!
My son is keen to lease one but I think buying is still the best option
It depends on your buying habits.If you want a new car every 2-3 years and look after it then leasing or contract hire can be significantly cheaper than buying ..especially when depreciation is considered.If like some you want a used car, tend to keep it till the wheels fall off and treat it like a skip..then buy it. The tech in most cars today makes them undesirable outside warranty. I would never wish to own an expensive depreciating asset.You need to do the sums and be realistic with future values.

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