schmunk
Why oh why oh why?
Indeed, keeping a car for a longer time, or buying second hand, is almost always cheaper.Well of course I wont suffer the depreciation, same as I don't suffer it on my neighbours car that I don't own either.
Really, Is renting your house cheaper than buying it ? I fail to see how forking out month after month for ever and end up owning nothing can be better/cheaper than owning something. The tax angle is totally irrelevant, I'm not a business, cannot put it as expenses or reclaim VAT.
At least with a PCP for example I make the payments and then the car is mine and nothing to pay any more, unlike leasing where you pay for life for no asset whatsoever and someone else to make a profit.
I guess it's just down to whether you want/need to change or upgrade your car regularly, for which you'll pay whether you rent or buy. I'm happy to keep mine for many years, I like having no car payments to make.
Most people, however, change their car every 3-4 years so if they want their car to be new each time leasing is often the cheaper option.
Anyway, none of my cars have been electric, so lets take the thread back on topic...