Anyone bought a car with a private lease?

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Found 31st May 2007
Always bought my previous cars 2nd hand - usually at the auctions. But met a friend the other day who it turned out was paying less for his brand new car (including tax, roadside assistance, new car warranty's etc) than I was for my 7 year old ford focus. Turns out he's using a private contract hire.

I've never come across them before ... always assumed that a new car would be way out of my league. However, it seems they are almost too good to be true - which should usually ring alarm bells.

Anyone got any experience of getting a car this way? Pros & cons? Can you recommend any particular lease companies (never realised how many there were before today!)?

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