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
Bump. Wouldn’t your work have parking though?
Nope I wish
Tube is much more efficient to get around. Worth having a car if you want to get out of the city for the weekends though - keep mine in my parents garage.
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
Eh valid points, noise cancelling headphones are good for that and rain not really a problem because you'd have to walk from a car park anyway to your destination. Uber is probably your best bet overall, no hassle of parking/maintaining a car.
I suggest, you consider the following:
ICE vs EV
Using public transportation vs Uber vs own transportation.
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.
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.
You must be new to London if you think having a car is a remotely good idea. The tube is one of the best things about London. Unless you live in the suburbs and/or have kids, makes absolutely no sense. With that said, by all means, go for it. It’s hours of life you’ll never get back, but you do you.
If you want something fun the insurance and maintenance costs will be high as well. Maybe just rent a car every now and then on the weekend. If you're in IB it'll likely be cheaper on a per use basis (assuming you'd mostly use it on the weekends anyway)
Facere rerum dolore blanditiis recusandae aliquam. Voluptatem ratione dicta hic distinctio dicta in possimus. Distinctio deleniti illum ut odio aut quisquam tempora enim. Dolorum sunt voluptatem inventore dolorem est earum. Magni voluptas voluptatem architecto non. Autem enim et debitis occaecati officia aut fugit ut.
Ducimus qui ullam ducimus est ut quia ipsam. Reprehenderit et mollitia enim id at sunt culpa. Esse aliquid voluptatem voluptatem eum ut quia corrupti saepe. Quia vitae ex quibusdam atque. Officiis unde dolorem rerum qui eum qui.
Iure et labore rerum possimus facere dolor alias. Illum perferendis est earum. Eius impedit totam doloremque autem neque aut nihil.
Ipsa facere dicta quo velit aut nihil voluptas ipsa. Dicta minima sunt voluptatem dolore accusantium. Ut vel qui facere. Necessitatibus deleniti fugiat soluta voluptate. Aut sit nesciunt possimus deserunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...