Even if I only did 5k a year, which I exceed, there’s still insurance and servicing and RAC with all the repair costs included, plus tyres. Whilst I agree that leasing could be a suitable alternative, that requires you working and having a decent credit score. For those of us not working, that leads to a problem where, at best, costs rise. The current offerings aren’t fantastic but I’ve got a year yet and we all know so much can change in that time. Worst case I will go to the grants team and say the 5 is suitable and they’ll extend it.
Mark, a lot can happen in a year. Best case scenario put away as much as you can afford and see what is available. This quarter is a tough one for sure. But next year may be better.
There are always options available.