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Both my wife's and my car are leased. How good 'value' they are depends a bit on what metric you use to measure 'value'. I was pretty flexible with the actual cars we got in exchange for getting good deals (general consensus being that total lease cost over a 2 yr lease being anything less than 23-25% of the RRP for the vehicle is a good deal).
For both cars I am paying less than the depreciation over the 2 year period which feels like good value to me but that is of course using the cost of a brand new car as the bench mark.
An interesting point of reference given your budget - total lease cost (6+23 months) of my wife's Volvo V90 is £7,830 on a car with a sticker price of just under £38k. I had to settle for not picking my own spec as a Volvo dealer up north had the vehicle on site and was offering it at this price as I suspect he was under pressure to move it.
Having said all that, the lease market is pretty crap for buyers (leasers) right now though, very few deals about.
golgol-
I think that's where it falls down for us.
The guy I was chatting to son just got a alfa giulia for ~£360pm. Obviously for that level of car it's great. And if I was looking for something smart I'd go that route. Not picking on Dammit here, but I think his Porsche has been a great eg of when to lease.
But we're looking at a different end of the scale for something likely to be destroyed by a baby / children.
I'm still going to crunch some numbers tho.
hugo7
What's the hives thoughts on leasing?
A guy at work has partially swayed me and I'm thinking of looking into it.
His argument (based on my bugdet of £3-5k)