Deciding Whether to Lease or Buy a New Citroen DS3

The DS3 is a great little supermini car from the French car maker Citroen. It has had a very positive reception from reviewers since its launch in 2009 and is considered by many to be the best new car that the firm has produced for many years.

If you have decided that you would like to drive one of these cars then the next decision you have to make is how you are going to pay for it. If you have the money in the bank and can buy it outright then that is great – this is always going to be the best financial option in the long term if you can afford it – but most people do not have that kind of money in the bank and will therefore be faced with a choice between a loan or financing deal, or a lease.

The main advantage of choosing a lease over a loan for most people is that the monthly payments will be lower. This is because you are not actually buying the car, so at the end of the fixed lease period, however long that is, you will hand back the car. Choosing a lease also reduces uncertainties about resale values and will ensure that you are free to take up another deal on your next new car when you choose to do so.

Lease deals are also very popular with businesses who are looking to provide company cars for their employees, or for busy people who do not want the hassle of having to sell their car when they want to get a new one.

Although choosing this option makes your car more affordable in the short term, you should remember that it will also make it more difficult to trade up in a few years, because you will not have the value of your old car to put towards your next purchase or lease.