It's just an outright lease that covers everything from insurance to tyres. It is essentially an alternative to having a company car.Welly wrote:Does your Dad have it on personal finance with an option to buy?
Some finance schemes with 'balloon'? payments are kinda tied up with a sort of virtual 'deposit'. By purchasing the car you might send your Dad back to square one limiting his next choice? just a thought just seems too cheap to me, like you've already overpaid and the finance company hold a fund of yours...
The price is worked out as the cost of the car minus the "Option to purchase fee" plus the cost of maintenance.
There is no balloon payment/deposit.
So yeah. 4 year old fairly well specced 320d for £7k.
