I was in a Toyota dealership once and worked out on a new Yaris you'd lose over 7k of your own money over a 3yr private lease on one and you didn't own it. You'd have to be absolutely barking
Your right, much better to buy it for £14k cash, then sell it yourself three years later for book value ... Oh about £7k?
I can purchase a vehicle outright, right off the depreciation annually, then sell it on taking the resultant hit on cashflow at the outset, or contract hire it and achieve exactly the same result meanwhile putting the cash to other uses (like generating income). Interestingly this doesn't just apply to new vehicles but most manufacturers will also offer the same arrangement on approved used so no "must have new" stigma applies. In my eyes you'd be barking to tie money up in a depreciating asset.
I missed that! 
