Overhaulin'

UK Car lease vs Buy ?

Hi, I am about to get my first car as soon as i pass my test, i have been looking up leasing a car instead of buying.... What would be best for me ? and which company is the best leasing price for a MPV (Vauxhall Zafira) Thanks Lee

Public Comments

1. Leasing will not be an economic option for a non-company purchase
2. Leasing is a non starter for private individuals as you pay VAT on the rentals and obviously cannot reclaim this. Whatever form of finance you choose, you will have to get clearance from the lender which will be difficult given your age unless you can get a cast iron guarantor. If you can, then look at a PCP (personal contract purchase) deal which are generally cheaper than normal hire purchase. Most manufacturers offer these such as Ford Options or Vauxhall Choices.