Should You Buy or Lease a Car?

Should you buy or lease a car? We get asked this dozens of times a week, and I thought, you know what, I'll bring in the expert. Now, you might not know this person, um, he's more legend than myth, and my business partner Mark Homer knows more than anyone I know about finding the best price for assets and for cars. Um, so we're going to discuss in this video, audio, live, is it better to buy or lease a car? Now, over the years, Mark's bought cars and made money on them, or he's bought cars and when everyone else has lost money on them, he hasn't lost money on them. Sometimes he's bought them, sometimes he's leased them, sometimes he's contract hired them. So Mark, Is it better to buy, lease, contract hire? What's the difference?

Let's talk. So this really depends on what kind of car it is that you're buying. If you want to buy a sort of a car that probably won't depreciate that much and something that's quite high-end, you're normally better to buy it 2, 3, up to 5 years old. So example, if you were buying, I don't know, a Porsche or a Ferrari or maybe a I don't know, um, any sort of Italian supercar, most supercars in general, um, you know, certainly classics, all that stuff, usually you want to buy it 2+ years old. Um, yeah, almost exclusively. Um, often good idea to buy with finance, or, or sometimes what happens is if you go to a leasing company, they'll purchase the car and then they lease it back to you, and then you've got an option to purchase at the end of the term. Um, That's what I'd normally do with that sort of stuff. And I'd usually try and buy it 2 or 3 years old as a minimum because they will usually depreciate less because most of the depreciation usually happens in the first year or two. That being said, the last, I don't know, certainly since the beginning of COVID things have been crazy.

All rules have been broken.

All rules have been broken. Boris pumped out £500 billion. People had lots of cash. And we got locked down, so cars all went up and, and the normal things didn't happen. So I just didn't get involved.

How many times in the last 3 years have you looked at the prices of Porsche 911 Turbo S's online?

I just— I mean, no, yeah, probably in excess of 4 figures, I would imagine. More than 1,000 times, probably. Yeah, because Because I'm sort of so interested. I mean, I've got a 9-year-old Porsche 911, and the reason I've had it such a long time is because the prices have just been absolutely nuts, and I can't—

it's not dropped as much as it normally would.

No, and I can't make head or tail of it. So my normal reaction is I don't understand what's going on, so I'm just not going to do it. Because when the market turns, it's, you know, it's going to turn hard. That's been my opinion.

It's then going to drop a lot.

Drop a hell of a lot. Um, you know, example, 911 Turbo S, um, let's say new, this, £170,000, £180,000. They've been selling at £210,000, £220,000 for a 2-year-old car, if you can get one. If you— yeah, absolutely nuts. Um, and, you know, um, pretty obvious that that was going to correct and turn around in a big way at some point, and it started happening in the last 6 weeks. They've gone from about £210,000, £220,000 to now, I don't know, one 180, 185, they're on the trade for convertibles.

Yeah.

Um, so, you know, they're on their way down in, in, in quite, quite a big way.

Yeah.

Um, you know, I— it's, you know, stuff like that you, you, you just wouldn't contract hire. It's too expensive to contract hire. Almost all Porsches are. The stuff you would want to contract hire—

let's come back to the contract hire in a moment. Um, why do you get sometimes a a high-end car on finance and not buy it cash?

Um, okay, so I'd nearly always, um, try and get it on finance as long as the rate is okay. And obviously rates have started going up quite a bit, but, um, you can usually use the money better elsewhere. And if you purchase it in the right way, you can offset the interest against tax. So if you, um, can set up an LLP or a partnership or you've got a sole trader, you can put the full cost of the interest, the running costs, the maintenance, the insurance, all that sort of stuff for the business mileage you do through your LLP, partnership, or sole trader sort of entity. You can't do that with a private car with a limited company because you get besieged with benefit-in-kind tax and all the other issues. So, you know, normal petrol and diesel cars can go through partnerships. And sole traders, which is great. So if you're financing it, so you can buy it in the company, but yeah, the company means, well, the partnership buys it.

Yeah, so that's pre-tax, not post-tax.

Uh, well, in a partnership you would already have— that's tax-paid money, right? Uh, because, you know, it is just you pay tax on all the income which the partnership makes every year. However, it can all be offset against 40, 40, 45% tax.

40 or 45, or 40 or 45.

45. Now Liz has given in. Yeah, I was quite impressed with her a couple of weeks ago, sort of less so now. The lady is for turning. And then, yeah, so you can offset all of that against, you know, the interest payments against—

i.e., the depreciation and all the running costs of the car in the company. As opposed to in the partnership.

Yeah, yeah, because a company is quite different. You can't do it within a company, right?

So a limited company, you can't do it. No, but an LLP is not defined as a company, it's defined as a partnership.

It's a partnership, um, or, or a straight partnership, which is not an LLP, or a sole trader. One of those three, you could, could buy the car and you could offset all the costs of running the car, right? Into that, including the interest payments. So it's quite tax efficient, and you get to, you know, if you've got the cash to buy a car, it's quite tax efficient. It's quite efficient in terms of the use of your money because you can then use that cash elsewhere to get in a business or a property or whatever else you're going to do.

Yeah, and if someone's got a limited company, because I get asked this all the time, they've got a limited company and they're like, oh, I like the idea of running cars in an LLP, is Is that easy to then set up another LLP, or is that a bit of a faff?

Well, if you've already got a limited company and you've got your business running through it, um, you know, you really need to have another business running through an LLP or a partnership or sole trader. Um, you know, you, you, if you look at what you do, like us, you've probably got various different operations, um, and you could therefore hive off an operation and run it through a partnership or an LLP.

So for example, with us owning properties in a limited company but doing property training in an LLP.

Exactly. Yeah, you could, you could do both. You don't normally want to own investment properties like, like you've suggested in an LLP because of Section 24, but a business like this, a training business, absolutely. You could run it through an LLP and put usually one car per partner through the, through the, through the LLP.

Yeah, I know you bought some cars like this, like Lamborghini Aventador, Porsches, etc. So straight question, do you think it's better in an LLP to have a high-end car on finance or to have it bought for cash, assuming it's a few years old and not got depreciation?

Um, usually always better to finance it. You know, as long as you're within your one car per partner. Clearly we've got some sort of— we've got a classic car. I don't usually finance those. You can do, but you know, it's just not something we've sort of chosen to do. But yeah, I think you would always want to have one car per partner through the partnership.

You can have four partners in an LLP.

You can have loads and loads. I don't know if there's an upper limit, but I've seen LLPs with loads of partners. I mean, you think of these big firms as solicitors, you have stacks of them, 20, 30, 40 of them.

So you could have you, your husband or wife, another family member as a partner.

Obviously there are responsibilities that come with it and they should really be involved with the business. As long as they're working in the business, I don't think they necessarily need to be employed, but obviously they're then going to have responsibilities for the business and, you know, legal sort of responsibility. So, you know, it's something that needs to be considered properly.

Yeah. Okay, great. So let's talk about cars where you think it's better to lease, or we'll talk about the difference between leasing and contract hiring, if there is a difference, and then what kind of cars it's better to lease, not buy.

Yeah, so leasing is quite a wide term, and you can have sort of lease purchase, where, you know, let's say you find a 2 or 3-year-old car that you want to effectively, in your head, you want to buy it. And actually what happens is you— and this is the most common form of finance— you get a bank involved, they buy the car, they lease it to you, and then you have an option to purchase it back afterwards. And that's actually what we did on our Lamborghini Aventador. So although, you know, in our minds initially we sort of bought that car, you and I actually don't own that car. Neither does the LLP, because the day we decided to take that car on, it was actually purchased by a leasing company.

Right. Who— it's a bit like you don't own your property if you have a mortgage, the bank owns it.

Yeah. No, you do own your property until you don't pay your mortgage payment and then they take it off you. Yeah. Yeah, so legally with a mortgage you would own it and there's a charge on it and you would only lose it if you didn't pay the mortgage. It's a little bit the reverse with this, with what we've done, and this is very, very common. The lease company buys the car, they pay the full amount, and then the monthly payment each month is effectively interest plus a a sort of capital repayment, but it's all wrapped up in legal terms as a lease payment.

Yeah.

So you pay them this lease payment every month, and then at the end of the term, you have— the final payment is effectively the balloon, what's outstanding.

Yeah.

And what comes along with that is an option to purchase the car back from the leasing company for the final payment. So you can actually buy it back with the last payment. So they sort of do it that way around because I think because the lease payment is all then offsettable against your, it's all then offsettable against your profit within the LLP. Whereas if you'd strictly financed it and you were paying interest and capital repayment, the repayment portion wouldn't be offsettable. You see what I'm saying? So yeah, it's a tax-efficient way to go about it. And, you know, I don't know what lease deals are now. I need to go and look because in the last sort of—

they change a lot.

Well, especially in the last 2 weeks and especially in the last 2 months, the interest rate landscape has just shifted massively. I mean, we were you know, the swap was indicating the base rate was, was, let's say, going to be 3% by June next year. That was only a few months ago. Um, now it's— it went as high as 6%, and now we're back to looking like Bank of England base rate is going to be 5.3% by May or June. Yeah, so, you know, they're going to have gone up quite a bit. But, um, yeah, I think, you know, on ours, I think we're paying an equivalent of something like 5.5%, 6%.

Yeah, and you think that's reasonable?

Yeah, it was. I think it may be a little bit more now. A lot of them like to talk about this flat rate, right?

Come on, explain that.

Oh, it's, it's complete nonsense. What they do is they go, okay, um, let's say you, you borrow £100 grand, um, and, you know, at the end of the term, let's say you owe £70,000. Every month you're paying that loan down. Yeah, the flat rate assumes that you're not paying that loan down at all, even though you are.

So you think it's flat in that it won't go up, but actually as you're paying down, it's not going down in line.

Well, yeah, so let's say at the end of year—

flat rate sounds good, doesn't it? I'll have a flat rate. That's good marketing.

And they tell you it's 3% or whatever, but let's say, you know, the beginning it's £100,000 and then at the end of year 1 it's £90,000. The flat— they go, oh, it's a flat rate, it's only going to cost you in interest £3,000 a year, which is 3%. Yeah, well, that would be true if the amount you owed for the full 3 years was £100,000, but actually at the end of year 1 you only owe £90,000. But they're still charging you the equivalent of £3,000 a year. Do you see what I mean? It's not 3% anymore, is it?

So they're charging you on the day one capital and not charging you on when you pay down the capital.

Yeah, an imaginary— it surely should be. Yeah, or the flat rate is calculated on you not paying it down.

But is there another way then? Is there another way?

Yeah, you've got to look at the APR. Or you've, and also what they call yield. Those two rates give you the real rates. Like with the mortgage, it's calculated daily and therefore, you know, they're working out the interest rate on, you know, the amount that you outstand on a daily, you owe on a daily basis. So if you look at the APR, that's the real rate or the yield. So on a lot of those deals, up until a month or two ago, it was 5.5%, 6% often. Yeah, some of them go as high as 8% in dealerships. You know, you're often better going to a broker. Yeah, but yeah, that's— it is, it's a bit naughty, that is. And it took me a few years to work it out, but I get it now. I know what they're up to.

Yeah, and you're having none of it.

Well, no, because I always used to think, how the hell, you know, how the hell are they able to get this financing at 3%? When a mortgage is, you know, a buy-to-let mortgage is 3, 3.5%, whereas there's so much more security with a buy-to-let mortgage and there's so much more diligence. Whereas with a car, I mean, you know, you— it can be on a transporter within half an hour and in Russia, do you know what I mean? The car can be gone and the bank can lose the money. So they can't be pricing it at the same rate. And now it transpires they're not, are they? The real rate is double that. Yeah, so yeah, it's just interesting, isn't it? You learn this as you go along, but it always takes you a few years to get to the bottom of it. Yeah, well, time to get to the bottom of things. Yeah, yeah.

So I still want to talk about lower-end models and if it's good to lease, but there's something I want to ask you. Yeah, a lot of people like to buy a car because they like to own it.

Yeah.

And it's interesting, you didn't seem to be bothered by the fact that we don't technically own the Lamborghini that's one of the cars in our collection. Are you bothered about owning something, or are you bothered about paying the least amount on the ownership that you have?

Yeah, so I have a spreadsheet that works this out. That, that's what I'm most bothered about. What I'm most bothered about is the yearly cost. So on this spreadsheet, I normally put in what the interest is costing every year, the depreciation, the maintenance, the insurance. Um, often sometimes I leave the insurance and fuel out of it because that's sort of constant, but the main things would be the, the interest, the depreciation, and the maintenance. And then I compare cars on that basis and, you know, compare whether it's better to buy a car with finance, better to lease, or better to do contract hire. And then, you know, it tells me very quickly what I should be doing. And I've just noticed a lot of themes, you know, just saying on the sort of higher-end cars and the more sort of luxury cars like that, less volume cars, usually always better to buy with finance or to do sort of lease purchase on them. If we can come on to contract hire now. Contract hire is, it's basically a straight hire, so you pay 6 or 9 payments often upfront, and then you pay an amount every month, a set amount, and in the end of 2 or 3 years you give the car back and you don't suffer any depreciation. There's no interest payments. The car was new, so the maintenance is often less. So, you know, it's quite different because obviously with the buying with finance and the lease purchase, you are responsible for the depreciation and you've got to sell it and the interest and selling it and Often the car's 2, 3, 4 years old because it's best to do it when, you know, it's at that age because of the depreciation curve. So the maintenance is often a bit higher. So all that needs to go into the calculation. But in simple terms, if you want to contract hire, you, you, or if you want cars like this, you are better to contract hire. So if you want an Audi, you want a BMW, you want a Mercedes, maybe not a Mercedes G-Wagon or a Maybach, but any of the other sort of volume-type models. You want a VW, you want, you know, Peugeot, all of those, Ford, all that volume stuff, you're normally better to contract hire. And you're also normally better not to get too wedded to a specific model. The best thing to do with this, it's really clear, you go on leasing.com, I know it's called leasing, that's a bit of a misnomer. It's contract hire. It's called leasing.com though, the website leasing.com. If you go on there, you can do a search for a specific model, and then if you click on the sort by section, if you click on the best value, you can, you can just find out what the best value stuff at that point is. And you can actually do a general search of everything just to see what's really great value. I think at the moment there's Audi A4s, looked earlier, Audi A4 estates on there for about £240 a month plus VAT.

There were recently going cheap, weren't there?

Yeah, I mean, a little while ago. Yeah.

Do you remember you got my wife an RS6? Yes. You were so excited when you found that.

That was dirty cheap.

Under £600, not including the VAT.

Yeah.

For an £80 grand RS6.

Yeah, that was dirty cheap. And to buy those now, I mean, what are they, £90 grand? I mean, even then it was £80 grand.

It was, yeah, it was £80.

Yeah. So yeah, I mean, there's been some great deals. Unfortunately, when Brexit happened, you know, sterling devalued and a lot of these cars come in from Europe. So the cost did go up. But on those sorts of cars, because one of the reasons is that they're so depreciative, i.e., they drop in value so much, it's cheaper to contract hire. The other thing is the manufacturers, it's almost like they are contract hiring these. When you took that Audi, the agreement will have come from VW Finance or Audi Finance, and they're not getting the car at 80 or 90 grand. You know, internally, they're probably getting the car at 40, and they know they can sell it for 40 in 3 years. So the only cost to them is the interest and various other stuff. So, you know, you can get—

they don't want that all over the forecourts though, do they?

That's exactly it.

They don't want to advertise half-price cars. No.

So what— you've hit the nail on the head. Maybe would have forgotten to make that point. It's really important, this point. Manufacturers at any one point might not have enough customers for, you know, got too many cars sitting around. What they don't want to do is start slashing prices on the forecourt and doing amazing deals because there's still loads of people that will walk into the forecourt and pay lots of money for cars. So over the years they've been discounting through the back door through contract hire. And if you go on leasing.com, you can see all these deals there. Don't try taking these deals into your local dealership because a lot of the time they'll say, oh, it's a scam or it doesn't work, whatever. They can't usually match them. They've got higher costs. You can't really expect them to. But, you know, in the last couple of years because of COVID there has been less stock. Manufacturers have had problems, you know, making stuff in their factories and getting all this stuff in. There's been less deals, but there's still been some deals. You know, I signed up a couple of months ago, my wife, her Range Rover Sport, I think it was a 4-year deal she took initially, that was a really good deal. She hung on and hung on because there were no deals through COVID because of what's been going on. I think, you know, her car was supposed to go back sort of in March, we managed to extend it, often you can with contract hire, and I did get a deal through sitting there, it was cheap, I think it was £530 a month plus VAT, obviously, give it back at the end, no depreciation, no interest, plus 9 payments upfront. You know, that's a £90,000 car.

When you say no depreciation, Dave Ramsey says, oh, the depreciation is factored into the lease costs.

Yeah, I see what I know. I know exactly what he's saying.

And he doesn't speak like that.

No, I know what he's saying. And historically, yes, that's true. But with contract hire, it's not true because it's the manufacturer doing it to you. The manufacturer is offering you the deal, so the depreciation that they are bearing is not what you or I would bear or anyone else would bear by buying that car, because it didn't cost them £80,000. It probably cost them, you know, a marginal cost of £8,000 to produce, plus marketing, whatever. So they have something internal sort of mechanism that they— so if you look at the depreciation on a lot of, you know, if you've got—

you can get them.

I mean, there were Merc S-Classes on there, you know, £80,000 S-Classes, which let's say they're— they were at various points, maybe they're more like £500 a month now, but there was a long period where there were £350, £400 a month. An £80,000 car that's probably at the end of the term going to be worth £30,000. How, how the hell have you paid for all that depreciation to go down from £80,000 to £30,000 in a period of 3 years on your £350 a month payment. You haven't. It doesn't. So I'm just using that as an example. Yeah, uh, your AA, I, I doubt you even paid the depreciation over the time.

You mean the RS6?

Sorry, the RS6. I doubt you even paid the depreciation over the term. No, your Range Rover, I, I, you know I mean, I don't know, you're paying a bit more on that, you know, put that spec on it. She, your wife, did tick a few boxes, I noticed.

So is that, that's a thing as well? If you don't put any spec on, the deals are a lot cheaper?

They are, because also with contract hire, they, they will often put a few bits on because they are alive, very alive, to the depreciation because it's them that's bearing it to some extent. So what they'll do, they'll often say metallics included those wheels are included and this is included. And the reason they're doing it is because they know that gives them the best chance of highest resale at the end and the least depreciation. So, right, often they're— and they give you— it's weird, often the, the R-line or the, you know, the better-specced one can be a lower payment.

Yeah, because remember that time when those old limited edition M3s came out on the back door?

They were £380 a month. Yeah, it was—

and that must have been what, a £70 grand car, maybe more?

A load of money. Yeah. And they don't really depreciate. Yeah, you know.

So the trick is being unfussy about the options and unfussy about the specific model, but looking for a nice car when the deal is there.

Yeah. And if you have a look on leasing.com, there's all stuff there. We are in a bit of a weird time because supply is still not back to where it should be.

But that's going to change regularly, isn't it?

Well, it should change permanently, shouldn't it? When we get out of this, you know, inflationary bloody COVID where factories have been shut and all the microprocessors you know, coming through and, and, you know, the issues with Ukraine, when that has passed, and it will do, and there's plenty of supply, the place will be crawling with cars, you know. And, and the, the, you know, it's already starting to— I mean, the Porsche dealerships are filling up now because, you know, interest rates are going up and, and people are sort of shunning luxury cars. Um, they're not so good on contract hire, but you'll see it. There'll be more and more deals, I bet you, coming into the winter into next year as there's more and more supply and, and there's more stock that dealers need to shift, these deals will start. And yeah, if you, if you're looking for a specific type of car there, that's what to do, to go on contract hire for those, those, those volume Ford, VW, Audi, BMW, Mercedes, um Remember that E-Class?

We got E350 for like, what, £300 a month or something back then? Oh, your coupe, the old, old one we got.

Your coupe? Yeah, yeah, that was cheap. And we got an E220 for the buyer. Yeah, uh, that was £200 a month. Yeah, we had, um, we had a C-Class for your mum, £200 a month, something like that. We had one for my parents, £200 a month. We got an Audi A4 for my parents, it was a manual. I said, just take it, you've got it. And you know, they're moaning about it not being automatic. I said, it's £130 a month.

Wow.

It was a brand new Audi A4. It had options on it. It was like a, it was an S line, I think, you know, alloy wheels. And then my stepdad's like, oh, it's a 1.4, this will be terrible. I'm like, it, they're turbocharged now, it's like an old 2-liter. I'm not happy about it. I said, just drive one. Came back, oh, he's shit off a shovel, you know. And then, and then it was, of course, now he's, he's, he's got a, you know, he's paying, I don't know, £250, £300 a month, something like that, you know. These are all sort of 9 payments upfront, so you might be paying in that scenario, I don't know, £2,500 upfront then you're paying your £250, sometimes with that, per month, and then you just give it back after 3 years, often.

A couple more questions. Are there issues? Do they sting you on the mileage and you lump through the big bill at the end?

Yes, if you go over the mileage, then, you know, you, you're going to pay for that, but you can get that included upfront.

Yeah, so you can increase the mileage?

Yeah, you can, you know, and there's lots of deals, you know, that work where you can do that. Yeah, and then, you know, any damage, lots of people say, oh, they're now you on the end. Best thing to do with that is just get your sort of little local body repairer just to go around and take all the damage out and sort the wheels out.

What we do is just for 3 years we don't repair it. Yeah, just leave it and then give it one little final repair before it goes back.

Just send it in. I've got a guy that he comes around your house now, hasn't he? Has he been around, Rob? Yeah, you don't even say, Rob, make it look right. Yeah, that's it. Leave it with him for the afternoon. He just goes around and fixes it.

Yeah, and like do the alloys and that sort of thing.

Yeah, it's great.

One more thing about this ownership thing, because I still— there will be people that are saying, oh, but lease isn't ownership, you don't own it, you're leasing it.

Well, yeah, yeah, you clearly don't care. Legally and technically That is true. I'm not sure I'm really bothered.

You're bothered about minimum cost of ownership, best value.

But what do I get for the best car for the least amount of money? Yeah, you know, who cares how you get it? Who cares how? Yeah, what's the issue with, you know, anyone who's got finance on the car? Often they're in a lease, you know, higher purchase deal anyway. Often people don't even understand that. Um, I don't really see the point of the difference. Um, no, yeah, we, we own some cars, you know, we, we have the Atom and the Testarossa, and I've got my Porsche. Yeah, my Porsche has come, come to the end, and I just thought, you know, I'll just get rid of it, and that was it. I haven't got any finance on that.

But, um, also, if you think about this with ownership, yeah, All right, you buy a car and you own it, but then you sell it in 5 years. So you had it for 5 years. You lease a car for 5 years, you had it for 5 years. When we die, we don't own shit. It all goes back anyway.

Yeah.

So it doesn't really make any difference, does it?

I don't think it does. It's not like renting a house where you can't do anything to it and you've got no security of tenure and things like that. I just— yeah, it's— what's the issue?

Yeah.

Yeah.

Yeah, well, Mark, this has been a pleasure. Thank you very much. Um, would you be up for doing a few more little things like this, like maybe talking about if it's better to buy or rent your own home?

Oh yeah, of course, of course.

We can challenge what Grant Cardone thinks about that.

Well, there's going to be more and more people wanting to rent houses with their interest rates going the way they are.

Yeah, um, yeah, and maybe we can talk about how to reduce costs of insurance and travel. You'll be up for that?

Absolutely, yeah.

All right, great. So here's what we're going to do. In Rob.team, my private financial education members area, I'm going to do a shedload of series with this genius here, Mark Homer. We're going to do a money-saving hackathon, which is a money-saving marathon where we will, as long as it takes, it's probably going to be 6 or 7 hours worth, we will cover every single area where you spend money, your general living, your home, your insurance, your travel, your car, anything else where you invest. And I will grill Mark and find out how you can get your costs down so you can obviously help with your cost of living. So if you just go right now to rob.team, just type in on the internet, r-o-b dot t-e-a-m, open any new webpage, rob.team. Instead of us charging you for this as an ongoing course, which, what, 6 or 7 hours of Mark's time, It's definitely going to be a 4-figure sum. You can get all of this completely for free by being a Rob.team member. You also get the 10-hour— do you remember we did that series, How to Invest series? We did that. Yes, back in the day. So we did what, about 10 hours, Harry, on how to invest? Yeah, whether you've got 1K, 5K, 10K, 20K, 50K, 100K, 200K, 500K, or a million. We went through all those scenarios and Mark talked about diversification of risk, risk versus reward. So there's about 10 hours worth of a masterclass that we did also in Rob.team. You don't have to pay anything for these courses other than being a member of Rob.team, which is less than 20 pence a day. You can cancel any time with no ongoing contract. So imagine 20 hours of content figuring out what to invest in and how to invest and how to get the maximum return and where to save all your costs on travel insurance, Mark. Um, pretty much doesn't pay full price for any flights. He manages to get all the rewards on all the hotels and the travel that he does. He's taught me so much over the years. So you can get all of this for being a Rob.team member. Just type in Rob.team into a new window. Less than 20 pence a day. You can cancel anytime. No ongoing contract. In fact, I wipe the price right down to 20 pence a day when lockdown happened as a way to give back and a way to give you better financial education and knowledge in these very crazy times. So Mark, thanks a lot. See you in RobDoc Team. Harry, over and out.