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Help: Newly qualified driver needs car; should he buy or lease?

hello should i buy or lease a car

i only need it for a year and by then i should have a graduate job where i can finance for a better car but i have seen 12 month lease deals and leased cars are more reliable than used car dealer buys, is this right?
Original post by BarBar-John
hello should i buy or lease a car

i only need it for a year and by then i should have a graduate job where i can finance for a better car but i have seen 12 month lease deals and leased cars are more reliable than used car dealer buys, is this right?


For a year, I'd probably say no. For a year, I'd go used, then upgrade to lease when you're working. You'll get charged a lot for upgrading so quickly if you take a lease now and want to upgrade in a year.

Lease = newer cars, often ghetto spec unless you pay a lot, you'll pay a lot.
Used = older cars, can find great bargains, you may get unlucky and need repairs.
Original post by BarBar-John
hello should i buy or lease a car

i only need it for a year and by then i should have a graduate job where i can finance for a better car but i have seen 12 month lease deals and leased cars are more reliable than used car dealer buys, is this right?


Id probably just buy used for your first year. It will be a lot cheaper than leasing. And newer cars arent always more reliable. You dont want something too flash in your first year after passing any way.
Buying a used car would be the better option.

One year lease deals usually aren't that fantastic for most cars unless you happen to buy a car with horrific depreciation.
if you are thinking about changing after a year - buy
Reply 5
Avatar for DRose
DRose
Unless you are seriously flush with money.....neither of these options for a first car.

Used corsa/fiesta or something all day long. Even if only for 6 months or so.

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