Many many years ago my Economics lecturer at Bristol Poly explained why buying a new car was a bad idea. I know you lot are all very clever and know all about this, but maybe you might know someone who's thinking of buying or leasing a new car?
If so, they might find this worth a watch:
https://www.youtube.com/watch?v=TtJXl6pk0Z4Yes I know it's oversimplified. And 7.4% sounds pretty good to me. And yes I'd rather people used public transport or bicycles. And I do like the smell of new car...