I reckon contract hire is a hopeless deal for the private motorist.
Casting around a few websites, something like an Aygo is around £180 a month on a '35+3' three-year deal.
So over three years, you make total payments of around £7,000 on a car that costs, er, around £7,000, with nothing to show at the end of it.
Buy the car, and you have a three-year-old supermini to sell after three years.
All other things - tax, insurance, maintenance - are equal.
The contract hire deal is a dead loss - or have I missed something?
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Contract hire makes no financial sense to.. new
Contract hire makes no financial sense to.. new