The Choice is Yours

There are no definitive reasons as to whether or not leasing is a better option than buying or vice versa. At the end of the day it is all down to personal preference, lifestyle and circumstance and whatever choice you go for should be determined and addressed by these factors. Here are a few examples of why you might choose one over the other.

Reasons to Buy:

• If putting up a lot of money straight away is not a huge sacrifice or problematic to you situation
• If you enjoy the idea of owning a car
• If you don’t want to have to worry too much about keeping your car in mint condition (as its yours and you can do what you want with it)
• If you enjoy making modifications on your car and accessorising it
• Car loans are simpler
• Have an unpredictable lifestyle
• If you do a lot of driving, and rack up the miles (lease agreements often limit the amount of miles you are allowed to do)
• If you do not care about having the latest model or keeping your car in warranty

Reasons to Lease:

• If you don’t have a lot of cash at your disposal at any one time and would prefer to pay in bite size chunks - you can also choose from a wider range, for example u may not be able to afford to buy a used Audi A5 but you may be able to lease a new one
• If you don’t really care about owning your car or having equities
• If you don’t like the responsibility of selling used cars
• If you have a stable income and lifestyle  
• Are able to stick to a mileage plan
• If you like driving newer models which are under warranty
• Are willing to spend more in the long run in the form of smaller payments, in order to have all the advantages of leasing
• If you want to drive cars that you wouldn’t necessarily be able to afford to buy
• Aren’t interested in modifying and customising your car
• If you are unlikely to have an accident or ruin your vehicle