Evergreen Content

5 advantages of leasing instead of owning a car (lower monthly payments!)

(Also read "The best age to sell your car".)

The Money Show’s Bruce Whitfield interviewed AlphaWealth Wealth Manager Dale Scorer.

Scorer discussed the following five advantages of leasing vs owning a car:

  • The monthly payments on a car lease may be significantly less than if you had financed a loan on the same vehicle. It may actually cost less to lease a new car over a short period of time than it would cost to buy the same car and trade it in.

  • Since lease payments are usually lower than monthly loan payments you have the opportunity to invest the difference.

  • You face no resale risks. At the end of the term, you can return the car and the trade in/sales price is not your concern.

  • You have the opportunity to drive a new vehicle every three to five years.

  • Service/motor plan extensions and costs are not something that you need to worry about.

Listen to the audio below for more detail.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the six most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
The rules on gap cover are changing

The rules on gap cover are changing

Medical aid limits cover to the Medical Scheme Tariff which invariably falls way short of what doctors and/or specialists charge.

How to have time for everything that’s important to you

How to have time for everything that’s important to you

Don’t have enough hours in your day? You may want take the time to read this…

Finished school? Consider this post matric entrepreneurship gap year

Finished school? Consider this post matric entrepreneurship gap year

Entrepreneurship guru Allon Raiz discusses what could be a life changing option for school-leavers.

Moving? Getting divorced? Keep money in your pocket when change is in the air

Moving? Getting divorced? Keep money in your pocket when change is in the air

Personal finance consultant Samke (Sam) Ngwenya discusses finances in times of change.

The story of Wellness Warehouse (and how it won the niche health market)

The story of Wellness Warehouse (and how it won the niche health market)

The Money Show’s Bruce Whitfield interviews Wellness Warehouse cofounder Dr Sean Gomes.

The best age to sell your car

The best age to sell your car

Should you sell while it’s still worth a bit? Or should you drive it ‘till the doors fall off? We interviewed Mike Schussler...

Popular articles
Eusebius McKaiser: Where the hell were you in the making of JZ, Mathews Phosa?

Eusebius McKaiser: Where the hell were you in the making of JZ, Mathews Phosa?

Eusebius McKaiser uses Open Line to send a message to former ANC Treasury who has recently urged Zuma to step down.

Does God exist? A debate

Does God exist? A debate

Eusebius McKaiser hosted a heated debate on God's existence with atheist Jacques Rousseau and believer Mahlatse Winston Mashua.

Sars officials sniff out 271kg of cocaine in biggest bust to date

Sars officials sniff out 271kg of cocaine in biggest bust to date

Cocaine weighing 271kg, with an estimated street value of R78 million, was confiscated by Sars officials at the OR Tambo Airport.

How Airbnb has made renting in Cape Town even more pricey

How Airbnb has made renting in Cape Town even more pricey

Property management company PayProp argues that Airbnb has driven down rental availability and driven up rental prices in the CBD.