Good morning to you all.

I am due to get rid of my lease car soon and I am stuck between 2 options
1- Get another car on lease
2- Go out and buy a second hand car

Plusses for option 1 are that I can have another fuel efficient New car with no maintenance worries at a cost of about £2500 a year
Downsides are I dont own it and I cant modd it!

Plusses for option 2 are that I own it, I can modd it and change things to my liking and I can go for a larger car ie S Class Merc
Downsides are Upkeep, roadtax and maybe unexpected bills.

The used cars I was looking at vary quite a bit from an S Class Merc for all the bells and whistles, a Navara cos I have had one before and they are a lovely drive etc, or a cabriolet pref a merc because of the room in the back.

Any suggestions welcome many thanks

Steve

Don't know how this fits in with your scenario but my old boy is in the business and when I said I was going to sack my lease car he advised me to pay it off and sell it because there is a premium still left on the lease car and I would have lost about 1K at least by just handing it back at the end of the lease period. It depends on what car and what the list price is when it goes back I think, either way they will just take it back and they trouser the 1K instead of you. Hope that makes sense.

My advice when people say they can get a cheap S class Merc or the like is just to be aware that it still has the running costs of an expensive car, even if it cost only a few £k to begin with.

I've always opted out of the company car scheme, preferring to take the car allowance each month - it means I can drive a more interesting car/cars that are a few years older. Why would I want a 120d when I could be driving a nice 4.4 V8 or a Z4?

Don't lease a car, get a car that has done the majority of it's depreciation and £2,500 will run something special. I can't imagine there are any interesting cars available to lease for about £200 a month?

Alex what car is your 4.4 v8?

BMW 8 series!

Nice cars. My mates got one in red. The v8 sounds awesome!

Cool - is it local?

No mate hawarden in north Wales

Cool, there's a red one knocking around here, but it's a widebody (and in my opinion) ruined example.