Personal Car Leasing

July 15, 2005 2:56 AM

Does anyone have any experience with Personal Contract lease of cars? I'm just working out how to spend my new car allowance in my job - and I like the idea of leasing a car (replaced every three years, maintained, get some cash back for my old car etc etc) The sites on the web look a little hard-sell (obviously) and I'm stuck for good clear guidance of whether this is a good option or not. This is in the UK btw
posted by mattr to work & money (1 comment total)

If you keep your milage down within the allowable limit it can be an O>K option. But make sure that the lease term payments are not based on some redic. high interest rate. Also do not expect to get ANY money back when you trade it back in at the end of your lease.. You might, but dont count on it.
posted by crewshell at 5:06 PM on July 16, 2005