“However, if you tend to be hard on cars, if you are ‘accident prone’, if you prefer owning a car debt free, or put a great amount of mileage on your car, leasing is probably not for you,” she said.
In the end, owning is leasing with loss. To me, the leasing model with adequate insurance is the way to go as it's the same thing at the end of the day without the asset you still need to sell to be basically in the same financial position.
Added: Forgot to add.. it's basically like renting apartments, cars etc in that they will scrutinise every little thing.. you just don't have to worry about previous tenant/owner damage. But yah.. I suggest people study the damage and cost calc book themselves prior to entering such agreement as the damage costs can be hefty for the unaware.
Again.. for me.. living in Gauteng where people don't even know how to go around the circle correctly or drive only on the road.. doing a lease isnt worth it unless u plan on buying from bank after which works out like a purchase model with lesser bank interest charge because the risk of damage is high. I dunno.. if i had to get a new car though, i'd lease
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