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New car prices keep rising and car payments keep getting more expensive. Used cars are quickly following this trend, but with reports of the prices soon to plummet and car dealers going broke, it may be time to buy a cheap used car. We take on the challenge of buying and running a used VW Golf for less than 5 monthly lease/finance payments. Over these five months, a new Volkswagen cost would have cost over £1,500 to lease or finance. However, we need to tax MOT and maintain our used car, stretching our 5% budget. If we do it though then every day after five months our used VW Golf is free, we try our best and do everything we can to keep the price down.
New Volkswagen Golf vs Used Volkswagen Golf challenge with the twist of payments vs outright ownership. A cheap used car can be a broken disaster or cheap motoring, we find out if we can do this.
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