So the total payable over 3 years is £16,049
Looking at Ling’s site, if I sort by price, the cheapest three year lease on a Golf with a reasonable 15k allowance per year is
Deposit: £755.22
Payments: 35 x £251.74
Total payable = £9,566.12
40% cheaper to lease over 3 years albeit you don’t own the “asset” at the end of the period.
I could only find a 4 year deal on the site?
There’s a document fee of £180 as well. So the total cost for a cheap MOT + document fee + (50 x 220.56) means you’re paying £11,238 for the car over 4 years. I’m assuming you’re also responsible for any replacements it’ll need after the 3 year mark?
It does sound pretty decent if it’s over 3 years though, I must admit.