+- babyRR.com - The Range Rover Evoque Forum (https://babyrr.com/forum)
+-- Forum: Marketplace (/Forum-Marketplace)
+--- Forum: Finance & Insurance (/Forum-Finance-Insurance)
+--- Thread: Cash .vs. Finance .v.s Lease (/Thread-Cash-vs-Finance-v-s-Lease)
RE: Cash .vs. Finance .v.s Lease - chiggy - 02-03-2012 04:17am
Always Financed/Leased as I feel I'd rather invest 70-80% of available cash as a deposit on a property or shares or something. That way your returns on your investment will outweigh your interest rate on your lease/finance and effectively providing for greater wealth in the long term while still enjoying a car on the way there
happy to be proved wrong.
Cash .vs. Finance .v.s Lease - Asty - 02-03-2012 11:06pm
PCP via company gets list price discount, interest free deposit, and unlimited mileage/tyres/claims etc. No brainier although unlikely to purchase after term due to deposit added to GFV.
The average non investor is better buying cash due to finance % being higher than bank saving %. But if your money goes in a profitable business, finance your cars.
RE: Cash .vs. Finance .v.s Lease - The Valeter - 03-03-2012 12:41am
No way could I pay cash for this car - just out of that league lol.
Was going to do PCP as I have done before but my dealer says I can lease it from LR if I want. I am self employed but not VAT registered so can't claim that bit back but I don't intend keeping the car after 3 years so I was talking to the dealer today & sugested with that in mind I can't see that being much different to PCP as you have no entitlement to the car anyway until the final rental as they call it is paid (balloon).
Normal finance gives you far more rights but nowdays is harder to get especially with the handback/walkaway clause once you have paid 50%, not that this is likely to be used in the Evoque's case if the value predictions are correct.
HM Revenue & Customs - Broadsword1959 - 14-03-2012 06:39pm
HM Revenue and Customs are paying for mine.
As I work most of the year away from UK (9-10 months on average) am entitled to recover PAYE Tax paid.
2010 - 2011 rebate has arrived and thats paying for my Evoque.
Not the best savings plan (no interest) and the Mrs and kids (20-21) only see you every so often but a new RR Evoque for the Mrs to drive about in will lighten the weight on my shoulders.
Hope to be in UK for 2012 - 2013 to get to drive the car so sacrificing the tax but will be worth it I am sure.
Had to buy British with HMRC refund - just wish the government would too - we do make good products !