Why don't they simply re offer these on the lease market at a cheaper price ?
Instead of paying cash up front ( mostly involving credit anyway ) people can drive them by paying monthly on a DD .
The only thing stopping me leasing is the price of leasing new cars .
I'd guess it is merely an accounting thing.... Depreciation defined as 3 years for certain categories. Which for some things seems a bit short, like cars, for others it can feel like an eternity, like laptops.
I worked for BCA for a while as a temp job and could not work out how the lease companies made money... Took a BMW M5 which was 3 years old and 25k miles to a dealer and they crayoned £13k on the windscreen. So I looked it up and that model was a £43k car supposedly from new.... Available on lease for between £250 and £300 a month.
Unless they are getting almost 50% discounts from the manufacturers or some accounting trick due to depreciation then the economics of it didn't immiediately make sense to me.
Meanwhile driving some crappy Citroen to the firm which fixes minor defects before auction and someone ran into the back of me. Only damage was a dent in the tailgate and car seemed in very decent nick apart from being.... french. It was written off though as beyond economic repair so their margins can't be very high.