I have been lucky enough to have been supplied with a new car every couple of years through work, since about 1974, some were leased, some were on contract hire, but most were purchased outright , either by my employer or by me, using a monthly car allowance to pay for them, as an example I had an allowance of £411 per month , plus 30ppm , back in 2005 and was able to buy/ lease a new fully loaded, top of the range Volvo XC70 with soft leather seats, and a fold away third row , for £430 pm. and the beauty is that Tax, Insurance, Maintenance and depreciation etc was all included.
Would I pay out £25-40,000 on a new car now, assuming that I had this amount spare, no , in fact ‘no way’, but leasing on an ‘options’ type of deal, then yes, every time!
I think that personal leasing is the future, both for new and used vehicles?