biggest problem with pensions is that they make massive amount of money and pay peoples peanuts

Very true, many people (me included) were brought up with the idea of saving for a rainy day/retirement?
Unfortunately, some of them never actually make it that far?
I could never understand why everyone who drove a 2.8 Capri never went above 40 or wore a flat cap/trilby/retired, until you start saving for a rainy day/retirement and realise that you need to be that old before you can afford to insure it :smirk:

Nice to have something new once in a while, suppose that could be "hand-me-down" syndrome (if there is such a thing?) :smiley:

​Dumbest comment of 2017 award

You're not going to get much of a retirement with only £3600 a year going into a pension pot - even less if you are spreading it around in various low return pots ... just saying ...

Life offsetting... why put off owning nice things now so that 'hopefully' you might in the future?

And if you died tomorrow you couldn't even take your banged up Peugeot with you!

​i know how you feel.

​It's all good saying that but you may not be around to see your pension.

True but given the average live expectancy it's probably safe to play the odds.


Tbf I use private pension as a general term for preparing for retirement. That £300 gets spread around a bit in various long term savings vehicles.

​it comes down to driving a new car . if you compare lease deals to purchasing a brand new car , the amount you potentially lose through depreciation , cost of car tax , savings interest lost if your were to purchase it outright with your own funds. it can work out cheaper to lease the same car drive it for 2 years , and hand it back .
so lease contract may cost £8 for 2 years , but a car might depreciate £10k in the same period. hence making it a better deal to lease over that time frame

Leasing certainly isn't designed for everyone.
If your a high mileage driver then probably better to own, also if you want to not have to continuously pay towards your car and not bothered about having a brand new one every three years then you might as well buy and keep driving it.

Some though are terrified that their car will break down after 3 years (even though cars have never been as reliable) so turn to leasing.

I have a company car and a car i bought as an ex-demonstrator 7 years ago. The ex-demo is now not costing me anything to buy (as i fully own it) and flies through the MOTs each year. By the time i come to selling it, i would be better off financially than leasing over the same length of time, plus i can do as many miles as i want and not have to pay excess charges (of course it will be worth a bit less because of more mileage).

Its all down to circumstances to be honest.

The way I look at it, it's a 24k car, drive it off the forcourt and you've lost the VAT 4k, 2 years would prob see it drop to 11/12k So if you like changing your car regularly you've saved 6k on this deal. Not exact science, just the way I see it :wink:

Nonsense. While I personally prefer to buy nearly new, I know plenty of people I would not describe as poor, who live by the following: if it appreciates buy it, if it depreciates lease it. The leasing vs buying argument generally only works for those who want a new car every 2 or 3 years. :man:

So if you dent your own car you don't fix it?

Err, if you broke something on a car you owned I'm pretty sure you'd have to pay to get it fixed, although admittedly you might have a choice.
If all you want to do is show off, then leasing's a route you can go down, but for thousands of other people it's also a way of having a new reliable car at a fixed monthly cost.
It sounds like you know a few people who are leasing to show off.