Cars – Investment or Expense?

Cars – Investment or Expense? –  Friday 23 February 2018 12pm GMT

Andy Dickens from Simplicity Cars in Edinburgh is passionate about cars.  We explore this wonderful topic of is Cars and Investment or an Expense.  

Andy’s advice is this:

If it Appreciates, Buy It. If it Depreciates, Lease It.”
He can provide you with options to look at financing your car, but with so few cars out there that appreciate in value, he suggests you look at leasing. Very few people choose a vehicle thinking about what it will actually cost them over time, and this depreciation is often a silent cost to you.
Add to that the interest that you pay on something that is loosing value, let’s challenge the perception that there is value in owning your car. 

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