Whether to lease or buy depends on how you use a vehicle and how long you keep it.
Advantages of leasing
- Lower monthly payments than a loan for the same vehicle.
- Never owing more than the vehicle is worth.
- Fewer repair bills – the vehicle is new and usually under warranty.
- A newer vehicle every few years.
- No need to sell it later.
Advantages of buying
- You own it – once the loan is paid, the vehicle is yours to use or sell.
- No kilometre limits.
- No charges for normal wear and tear.
- Freedom to modify, fit accessories or use it for work.
- Cheapest over the long run, especially when you buy used.
Which is right for you?
For two- and three-wheelers, and for anyone who drives a lot or keeps a vehicle for more than four years, buying is
almost always better. A checked used vehicle from an auction or
Auto Bazar keeps the cost low; a new Bajaj on
easy EMI is the other good option.
