Chaps, I find this a bit of a no brainer: My partner wants to buy a new car worth Â£15,683.85. This works out at Â£435.66 (and thats without interest) over 3 years. Now, you can hire the same new car, with road tax paid and AA over 3 years for Â£190.56. Only down side is that you do not own the car at the end. I guess you just take out a new lease after the period is up. It works out you pay Â£7812.96 over the 3 years (with initial payment). Bearing in mind that you dont really own the car on HP till you make the final payment, isn't it just the same. Cars depreciate so fast over three years, have I missed something? There are millage restrictions but you can state before hand how much you want to do in a year and they will quote you accordingly. Your thoughts?