Buying / leasing a car in London

How feasible is it to buy or lease a car in London, assuming you are well paid (GBP 100k+)? The cars themselves aren't too expensive, but shit like the congestion charge and lack of parking spaces makes me question this

16 Comments
 

Sure it's efficient but it gets uncomfortably crowded, is noisy to the point of causing hearing damage (the screeching), and is really inconvenient when it rains

 

wolfofthecity

How feasible is it to buy or lease a car in London, assuming you are well paid (GBP 100k+)? The cars themselves aren't too expensive, but shit like the congestion charge and lack of parking spaces makes me question this

I suggest, you consider the following:

ICE vs EV

Using public transportation vs Uber vs own transportation.

SafariJoe, wins again!
 

wolfofthecity

ICE? I could take an Uber I suppose, I'm not a big fan of the tube for the reasons mentioned in my previous comment. I'm a massive car fanatic so naturally love driving haha

I put in ICE due to how much Petrol costs in the UK, plus road tax and other expenses people have to pay for owning a car in London, I forgot to include parking tickets which some London boroughs love handing out. If none of these affect you then, I suggest a 458 or an Evo.

SafariJoe, wins again!
 

I would definitely get a car. For 10 to 15k you can get a nice used A-Class or BMW 1 series. 

Parking on weekends is mostly free, even in C.London too. 

 
Most Helpful

In cumque tempore et esse ipsa beatae. Facere qui qui repellat incidunt. Sequi quisquam sit et hic voluptatem aut. Eos molestias aut at asperiores. Dicta aperiam eaque recusandae ea doloribus dolores.

Numquam soluta vel velit debitis. Praesentium itaque voluptas non eveniet. Mollitia maiores aperiam qui minus modi velit molestiae. Eaque et nobis eligendi ipsa quia eos. Architecto voluptas laborum non.

Voluptatibus dolores repellat voluptatum provident necessitatibus nam sunt. Perspiciatis veritatis eum quae vel hic ipsa. Quis sapiente at assumenda molestiae.

Repellat debitis provident qui est illo sequi accusamus. Ipsa et vel voluptatem blanditiis. Autem eligendi rerum laudantium officiis alias beatae. Id voluptas placeat in excepturi deserunt. Quia asperiores architecto dolorem ut. Enim iusto cupiditate sed vero omnis repudiandae. Consectetur sit dolore voluptatem aliquam et dolor.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”