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.

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
Brother of man who died in Kuga opens up on air, discusses lawsuit against Ford

Brother of man who died in Kuga opens up on air, discusses lawsuit against Ford

John Maytham interviews Kaveen Jimmy; who says he has damning evidence against Ford.

Madonsela warns against appointing woman President as a proxy

Madonsela warns against appointing woman President as a proxy

Former Public Protector Advocate Thuli Madonsela addressed the Cape Town Press Club on a number of issues.

LISTEN: Mbete denies pronouncing her availability for Presidency

LISTEN: Mbete denies pronouncing her availability for Presidency

ANC national chairwoman Baleka Mbete says reports alleging she has agreed to run for the Presidency are full of distortions.

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?

'I apologise to our customers for the inconvenience' - Ford SA CEO Jeff Nemeth

'I apologise to our customers for the inconvenience' - Ford SA CEO Jeff Nemeth

The Money Show’s Bruce Whitfield interviews Ford South Africa CEO Jeff Nemeth.

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

The Free Market Foundation's Leon Louw, however, calls Oxfam "OxScam" and says the organisation does not care about poor people.

Lumka Oliphant sorry for insulting women while defending Minister

Lumka Oliphant sorry for insulting women while defending Minister

Minister Bathabile Dlamini's spokesperson says people should stop spreading lies that minister drinks alcohol.

Terror expert warns that SA could be a target in 2017

Terror expert warns that SA could be a target in 2017

Sunday Times reported that a Islamic State bomb maker was arrested as he was about to board a flight to Johannesburg.