Leasing, owning ?
 

Ok, just got a new job as an Oracle contractor so consequently will have a bit more money assuming it all goes to plan and when I have built a bit of a float I will get a new car as my trusty 9-3 will be seven years old and over 100k and worth (and to quote J4cko's mate) 'The Square root of arse all', 2 grand or less.

So, whats the best way of doing it, just for example say I fancied one of the current crop of Hot Hatches am I best getting a loan or some kind of lease deal, if its leased does it have to be through the company and it become a 'company car' with all the associated tax burden.

Initially will be doing 200 or less miles a week so not that fussed about fuel consumption.

Probably getting ahead of myself but quite fancy an M3, always have, the current 6 cylinder one, a new hotch hatch (ST, VXR etc) or some uber diesel or will the chancellor make it so I can only justify a Passat or A4 Tdi, great cars but I fancy some thing a bit more exciting.

Interest - on loans / leases / various other financing deals - is really quite low, so there is no reason to tie-up your savings in a depreciating asset (car) by buying it outright, even if you have the cash.

I suggest choosing the purchase system that allows you to put down the smallest deposit possible; keep your savings in the bank for a "rainy day", or invest them and quite probably make way more than the interest on the car loan.

Wall

You can get god deals on new '07 Beemers at the moment. £250p/m for a 320i or a Z4 2.0 for example on a 3+36 contract.