Hi all,
I’m soon going to be turning 17, and taking driving lessons & test.
My background: I currently run my own business which earns me a significant amount and allows me to live comfortably. I will be completing an apprenticeship (as it’s the law to stay in education until 18) for an A Level and an extra salary so the money wouldn’t be an issue.
At the moment, I’m looking at getting a car on business lease (not finance) where I get a new car every 24 months and just pay a monthly amount of £220 (which is incredibly doable in my situation). That’s for a brand new Mercedes A Class AMG Line. It’s been my motivation to work hard for so long and now I’ll be in a position to have it.
As the money isn’t an issue with leasing/insurance etc, I wanted to ask for some opinions from drivers of different ages:
– Should a 17 year old have a brand new car for their first car? (If not, why not?)
– What are your thoughts on leasing? (Yes, I know I will not own the car, however it’s 24 months contract meaning I will pay £6,400 over two years when in two years a brand new A class will have lost £11,000 in depreciation so it’s the best option for a new car)