I'm looking at getting a new car soon and have been running the numbers. I don't have the money to buy outright so have been looking at finance options. The car I've been looking at is a Seat Leon Cupra. Specced with a few options, around £4000 discount through a broker and a £2500 deposit contribution on a PCP deal, with a £3000 deposit and £2000 trade in value for my current car, payments come out at around £265 on a 4 year PCP at 10k mpa. Now for the same car (without the options, since you generally pay for them in full over the lease period as they are not reflected in the residuals) on a 24 month lease would be £190 a month with a £2000 initial payment (or for the same money per month as the PCP deal I could have a 4/5 series BMW in M Sport trim). This is only for 5k mpa but that's about all I do on average as my commute is 3 miles and at 7.2ppm excess mileage charge even if I did put 20k on it instead of 10k it would only cost me an extra £720. I've never really considered leasing before because I've always preferred the idea of owning my car, but some of the deals out there are very attractive and would save me a good amount of money or allow me to afford a car I would not normally be able to. In this case would have £3000 extra cash in the bank by not paying a deposit and be saving around £70 a month. With the PCP deal I would have the opportunity to buy the car at the end of it, but realistically I doubt I would end up paying the £10k balloon payment for a 4 year old car and the lure getting of a brand new car would be too great. In which case the dealer would have me by the balls (can see why they push PCP so much) as depending how much they wanted to give me for handing the car back depends how much of my deposit I get back, and I would have wasted circa £70 a month versus leasing the same car. Also with the lease I'm only locked in for 2 years instead of the 4 years for the PCP. Does anyone here lease their car? What are your opinions of the overall experience vs owning your car? Any things to watch out for or is it really as good as it sounds?