I'm leasing mine - why would you purchase something that depreciates so heavily?? Has always amazed me that we quite often rent houses and buy cars - why rent something that appreciates, and buy something that depreciates - why not the other way around??
Take my example - Juke 1.6 DIG-T TeknaList Price: £17,795Approx residual value after 3 years (according to What Car): 43%Total Depreciation in 3 years: £10,143.15Lease per month: £275.87 (3 months as deposit, plus 35 payments)Total amount paid for lease: £10,482.93Difference = £339.78
So that initial capital is better off being invested in my house - as they on average, double in value every 10 years or so (at least they have in the last 50+ years).I may as well pay the depreciation in small, manageable monthly chunks.
