Leasing vs Buying a new car?

Just wondering what experiences people have had in regards to getting a new car.

Looking to sell my current car for £5/6k and upgrading to a Mercedes A-Class.

Anyone got any advice whether leasing or buying is better?

Don't have the capital to go out and buy outright, so if I was to buy, i'd require a bank loan, and always a bit sceptical about that. Leasing looks like a decent idea from what I can see?

Cheers in advance - sure there are a few people who have leased in the past or have any experience in getting new wheels!

Would suggest buying 2 years old or so, especially if car has 5 year warranty. Removes the worst depreciation that you get from both new car and lease car deals and saves you a bundle of cash.

Agreed. There a few of the big name second hand places, like Motorpoint, that offer lease deals on cars up to 3 years old too

I've bought 4 "demonstrators" from main dealers. Up to 6 months old, up to 5,000 miles and up to 35% discount on price. Never had a problem, all good as new.

Compare a bank loan for that against a new lease.

A Class merc, I assume it's for your wife

Leasing is a piece of **** and eliminates all hassle of owning a vehicle.

With leasing its best to take whatever is the hot deal at the time rather than a specific car. Leasing rates dont only depend on the price of the car or the resale value, but can be heavily discounted to leasers by manufacturers as a way to shift stock without having to undercut the dealer price. The total cost of a three year deal (no repairs no road tax) can be as little as a quarter of the dealer price of buying new. You'd never be able to sell a three year old car for 75% of the purchase price.

The Skoda Yeti, Honda CRV and Vauxhall Astra are three I like atm.

http://www.tilsungroup.com/skoda-yeti-1.6+tdi+cr+s+greenline+ii+5dr-car-38638#.VSB0bfnF89Y

http://www.tilsungroup.com/honda-cr+v-1.6+i+dtec+sr+5dr+2wd++sat+nav+-car-38485#.VSB3nvnF89Y

http://www.tilsungroup.com/vauxhall-astra-1.4i+16v+sri+5dr-car-32824#.VSB3xvnF89Y

Don't forget to get all the scratches and car-park dinks out of it before you return it.If not you could get hit.....oh and the mileage as well

I have just leased a Fiesta ST3, £250 per month instead of having the company car, should be better off by £50 a month taking into account tax savings

I lease. The way I look at it is that I am really just paying the depreciation each month. I get a brand new car, for very little initial outlay.

Don't think I'll ever buy another car again.

Anyone seen what Jermaine Wright does these days. Check out his Twitter. Do they see, good value?

http://www.amcprestigecars.co.uk/

@amc_cars_jamma