Quick question about finance
Quick question about finance
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casualdriver

Original Poster:

57 posts

69 months

Thursday 19th October 2023
quotequote all
Hi,
as I am going through some divorce blues, I sometimes look on other cars I never looked before. I never cared about cars I drove - they had to be practical and relatively cheap. As I had to get own car after divorce, I got 2010 Ford Focus, and I think I overpayed (due to ULEZ as I live in London).
Now, I slowly thinking about getting something nicer or nice-ish. Checked some lease deals and I could have a A4 Avant for 18k (10k miles per year) for 3 years OR buy a used one like this one here:
https://www.cargiant.co.uk/car/Audi/A4/BN67EKO
Now my question is - where is the logic? Nowadays this 2017 Audi feels like new, so I would save 5k buying older one and I don't think that maintenance costs would be more than 2k for year, and I think this car can go another 130k. Is there any reason why I should lease instead of buying used - maybe I dont see it?

PS. Its not wise to buy it now, as my industry has a little hiccup and I will be 40 in few years - I decided to give myself nice car for my birthday! And A4 is nicer than anything I owned up till now, especially nicer than my 2010 Focus!

Jamescrs

6,231 posts

92 months

Thursday 19th October 2023
quotequote all
casualdriver said:
Now my question is - where is the logic? Nowadays this 2017 Audi feels like new, so I would save 5k buying older one and I don't think that maintenance costs would be more than 2k for year, and I think this car can go another 130k. Is there any reason why I should lease instead of buying used - maybe I dont see it?
It's horses for courses, some people would see that as an old car (I don't personally) but some people have to have the latest thing and are happy to pay for it.
People can create arguments for each side such as the new lease will be more reliable (debatable) and will have better tech and interior (likely). but you are probably right in saying the used car won't costr more than 2k a year to run, if averaged over a number of years.