Are you planning on leasing or buying? - Peugeot 108 Forum
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post #1 of 27 (permalink) Old 07-30-2014, 04:22 PM Thread Starter
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Are you planning on leasing or buying?

Just wondering what everyone is thinking as far as lease or finance. I've always favored financing over leasing so that is the way I am going to go. How about you guys?
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post #2 of 27 (permalink) Old 07-30-2014, 04:51 PM
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I've been saving up since I bought my 107 8 years ago. I'm buying mine outright.
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post #3 of 27 (permalink) Old 07-30-2014, 07:46 PM
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I've been saving up since I bought my 107 8 years ago. I'm buying mine outright.
@smart51 that's a long time to be saving up, but it sure is better than going into debt for 8 years just to own a car.
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post #4 of 27 (permalink) Old 07-31-2014, 10:35 AM
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£100 saving a month for 8 years is £9600. Plus a bit of interest and that's pretty much £10k.

£100 repayment a month for 8 years pays off a loan of £7k (at 8% interest). It's better to save and wait.
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post #5 of 27 (permalink) Old 07-31-2014, 05:01 PM Thread Starter
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I mean saving is always better than financing. When you save money the bank gives you interest, when you borrow money the bank charges you interest. If it weren't for people being more concerned with short term gain, everyone would just save their money.
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post #6 of 27 (permalink) Old 07-31-2014, 05:25 PM
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Oy you read that on the leaflet? In todays world of zero interest policies we're actually being penalised for saving over spending. Because you're earning no interest from the bank and that twit Carney has ramped up the quant easing the pound you put in the bank today is worth less tomorrow.
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post #7 of 27 (permalink) Old 07-31-2014, 05:28 PM
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£100 saving a month for 8 years is £9600. Plus a bit of interest and that's pretty much £10k.

£100 repayment a month for 8 years pays off a loan of £7k (at 8% interest). It's better to save and wait.
not bad at all.
yeah it really helps to do that.
even saving all you need for it then financing is good, good way to build your credit
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post #8 of 27 (permalink) Old 07-31-2014, 06:52 PM
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Trading in 107plus cash.
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post #9 of 27 (permalink) Old 08-16-2014, 09:07 AM
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Trading in my Ford Focus 2.0 ltr Ghia, paying the balance in cash.
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post #10 of 27 (permalink) Old 08-16-2014, 09:11 AM
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Trading in my Ford Focus 2.0 ltr Ghia, paying the balance in cash.
Which model and colour are you getting Chris?
And welcome to the forum
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