This must be the most expensive way possible of buying a car!
My Leon is a company lease and comes to an end at the end of March 2018. The lease was a good deal when I took it on due to tax and NI savings, but has become less and less competitive as time went on. I will have paid around £18K over 3 years and the lease company are offering to sell me the car for £8700. Total paid would be £27K for a vehicle with a list price (including extras) of £24.5K. As I got a lot of paperwork, I know that the lease company only paid £18K for the vehicle.
They must think I was born yesterday to expect me to pay that much for a vehicle I have effectively already paid for.
Am I being unreasonable or is this a rip off price? Has anyone bought a car after leasing it?
My Leon is a company lease and comes to an end at the end of March 2018. The lease was a good deal when I took it on due to tax and NI savings, but has become less and less competitive as time went on. I will have paid around £18K over 3 years and the lease company are offering to sell me the car for £8700. Total paid would be £27K for a vehicle with a list price (including extras) of £24.5K. As I got a lot of paperwork, I know that the lease company only paid £18K for the vehicle.
They must think I was born yesterday to expect me to pay that much for a vehicle I have effectively already paid for.
Am I being unreasonable or is this a rip off price? Has anyone bought a car after leasing it?