But you also had a bigger budget than me Dani.
I find cars I want, then look at the price and get upset because I can't afford it.
Going through that same process now for the wife
Lease one over 3 or 4 years with a balloon payment attached to the contract. Then just turn it over at the end of each contract.
Sure you never actually end up owning a car but do you really actually want to own one? They depreciate every year anyway.
If you lease a car you-
1. Get a new car every 3 or 4 years
2. pay a drastically reduced repayment for said car
3. Have a car that is essentially always covered by warranty
4. Have a car that potentially has fixed price servicing.
5. Never have to worry about wear and tear
I've had a few now. Currently lease two Corolla's for the wife and I.
Each costs about $90 / week in repayments.
When I turned over the last one, the trade in was worth about $2000 more than the balloon.
You can usually get about a 3% interest rate and Toyota do a guaranteed buy back price as well.
Even better if you have an ABN, you can potentially claim a lot of the costs back.
