I see these deals coming up on HOTUKDEALS and my daughter needs a bigger car, she needs something reliable so a newer car is preferred.
Anything suitable seems to be £30k plus so buying new means something like £15k depreciation over 3 years.
So I have started to look at these personal leasing deals, I don't know anybody who has taken one out.
On paper some of them seem good value, so what are the catches ?
I don't see how the companies offering the deals actually make a profit when you factor in the depreciation of the new car, but they must do otherwise they would not be in business. Are they some kind of loss leader for the manufacturers to boost new car 'sales' ?
Or do they count on ripping off people at the end of the lease period with additional charges ?
If you use these lease deals for your car what are your experiences please ?
Do you recommend any particular companies that offer these lease deals ?
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