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Im with you, I can’t compute the monthly outlay just on the cost of the car, especially with the depreciation factored in. There’s probably higher maintenance expenses with bangernomics but for me it’s about all the quality of life things I could do with the £300 p/m I might be spending on a boring base level hatchback, but if you’re in the position to do nice things after spending whatever you spend on car payments then it takes some stress out of motoring I guess.
Stevethecoffee
Fuck me I must admit I’m glad to be stuck in the banger end of the market (buying outright), I think I’d lose my mind trying to understand these more complicated finance options.
Neighbour has a new Fabia on lease that she recently bought at the end of the lease period - I’m not sure if it was a lease exactly, but monthly payments with an initial down payment then the option to buy outright. Even on something small like that the costs seem astronomical to me. £2-300/mo, at least 2k up front, and probably a sizeable final payment.
A £3k Astra (50k miles and 5 years old at purchase) did me for 80k miles and 10 years. I’ll accept that it wasn’t the classiest of motoring, but it was massively affordable and never skipped a beat in the decade I owned it - never broke down and never suffered any major component failure. Is it just the reality that car ownership is getting a lot more expensive?