schwar
Well-Known Member
- First Name
- Josh
- Joined
- Dec 20, 2020
- Threads
- 1
- Messages
- 46
- Reaction score
- 30
- Location
- Norwich, UK
- Vehicles
- Taycan Turbo MY21
Surely with HP, you get the same benefits as an outright purchase (like 100% First Year Allowance) but the additional cost of borrowing the money? While the interest might not be huge, all things being equal, HP would still make it more expensive overall than buying outright?With Taycan, if you account for absolutely everything and you spec the car relatively high. Taking into account the personal usage, interest (or lease cost) etc. I have found that a 3 year HP with a big deposit is the cheapest way overall.
I aimed to go in the HP direction, but my accountant said if the option was there to buy outright, why would you incur the borrowing cost, which could be £10k or more? Has anyone seen each scenario (buy, HP, lease) cost out anywhere? It might give future purchasers something useful to digest?
Sponsored