Quote:
Originally Posted by Mike Noc
These days leasing is the way many people acquire their cars, and once in a contract it tends to lock you in and you end up renewing the lease every couple of years and getting a new car.
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A bit like how people 'buy' their mobile phones these days. Everyone wants the brand new latest model, and after 18 months or more of paying, ends up with something almost worthless. Same with the car - you get it new, trading in your old banger first time, but then after three years of relatively maintenance free motoring (and a few hundred pounds per month), you own what? Next to nothing, so back on the treadmill with the next car. But if the monthly payments are not that much more than the depreciation, who is to say it's not the way to go?
Only poor people like me buy an old banger and then lavish it with all you have to make it that 'bargain' you always dreamed of! And how else can you ever own a car originally valued at as much as your house, if not buying it when rather old!
I still remember the thrill of buying an old M5...and the BMW 750iL...not so much the Maserati! Pride in ownership? Hell yes! Joy in driving it? You bet! Paying the speeding fines? Not so much...
