Discuss Hire purchase or lease? in the UK Electrical Forum area at ElectriciansForums.net
I am buying at the moment, for me I think it will be better to buy but I intend to buy cash and treat as a loan to my ltd company so I will charge it back interest free over 36 months. I just see that after three years it will still have some value which I can then use towards a new one. I can see the appeal of lease as long as you know your mileage and are sure the mileage they give you is sufficient for your needs as excess mileage is normally chargeable, you also have to consider are that you may have to shell out a bit to get it tarted up when you give it back if it is damaged marked etc. I used to have company cars and they normally had a trip to my local friendly body shop for a tart up the week before being given back. There are some blinding deals and finance to be had on pre registered Renault Trafic at the moment via Renault Retail if the brand floats your boat.
Never works out like that unless you perfect credit, my rating is above average, but I now have a negative for applying for a few bank loans wothin a year, due to the fact they tell you that you’ll pay £700 odds on a £10k loan, but when you apply they want thousands!Look at the interest rates you can get on a £10K loan over 5 years:
£10,000 loans over five years - Which? - http://www.which.co.uk/money/credit-cards-and-loans/loans/guides/best-personal-loan-deals/10000-loans-over-five-years
The AA looks the best as there aren't any early repayment penalties!
Never works out like that unless you perfect credit, my rating is above average, but I now have a negative for applying for a few bank loans wothin a year, due to the fact they tell you that you’ll pay £700 odds on a £10k loan, but when you apply they want thousands!
No harm in applying to get an actual quote
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