PCP, Lease, HP or Cash for new car
Posted: May 11th, 2022, 9:19 am
Just out of interest I looked on the Tesla site for the cost of a model 3, cash price £45990.
Personal Contract Hire (lease ?) £532/month, 48 Months, £4000 deposit, 10000 miles/year
PCP £649/month , 48 Months, £4000 deposit, 10000miles/year, Residual value £17016.
Tesla loan £951/month, 48 Months, £4000 deposit.
I've used Model3 as an general example but Contract Hire (lease?) seems way cheaper.
I've never leased a car. How does leasing work? Do you have a preferred purchase option and why ?
Personal Contract Hire (lease ?) £532/month, 48 Months, £4000 deposit, 10000 miles/year
PCP £649/month , 48 Months, £4000 deposit, 10000miles/year, Residual value £17016.
Tesla loan £951/month, 48 Months, £4000 deposit.
I've used Model3 as an general example but Contract Hire (lease?) seems way cheaper.
I've never leased a car. How does leasing work? Do you have a preferred purchase option and why ?