Contract hire makes no financial sense to me: Motoring Motoring Discussion forum

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Thread Author: Iffy	Replies: 6

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Tue 23 Feb 10 14:42

Contract hire makes no financial sense to me - Iffy

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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Messages	Author	Date
Contract hire makes no financial sense ..	Iffy	23 Feb 10 14:42
Contract hire makes no financial sense to..	Runfer D'Hills	23 Feb 10 14:46
Contract hire makes no financial sense to..	Fenlander	23 Feb 10 14:57
Contract hire makes no financial sense t..	Falkirk Bairn	23 Feb 10 15:28
Contract hire makes no financial sense ..	Fenlander	23 Feb 10 16:00
Contract hire makes no financial sense..	RattleandSmoke	23 Feb 10 16:05
Contract hire makes no financial sen..	Iffy	23 Feb 10 18:11

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