Over here in Detroit (and probably around the U.S. too), used MINIs are going for the same price or sometimes higher than new.dairyboy said:All upfront but they're both used. Why? Not as heavy to the hip pocket as there's better way to spend your money than depreciation. I know cars depreciate whether it's new or old but let someone else lose a large chunk than you especially if you need to finance it - depreciation and interest is no good IMHO.
I considered novating mine too as the online calculator for the crowd we use said I'd be about 3 grand better off (if I included all the operating costs) but I gave up in disgust as I couldn't get a straight answer out of anyone, let alone the lease company. Novated leasing in my experience is kind of like superannuation, it's all too difficult (having said that, Commonwealth Government super is sweet as. )Dutchy said:I'm salary scrificing, with a novated lease. Last year, I was about $3500 better off than getting a normal car loan.
At the end of the 4 yr lease I may be worse off, though, due to a residual.