Buying vs Leasing

[mjunaidit]

I'm going to get an Altis 1.6 or Grande 1.8 next month and I was wondering what are the benefits of Leasing vs Buying it with upfront payment. Some questions in my mind are

• Does the bank provide you with insurance for all the years you are paying them? If so, the extra money the bank charges for leasing isn't that much if insurance for 5-7 years is included in that monthly payment.
• Is it quicker to get a car when you get it through a bank instead of getting it from a showroom?
• Is it Safer to get a new car through a bank? Does it save you from all the bullshit crap of the dealers or do you still have to do all the dealership work + extra bank documentation work as well?

Any other benefits of leasing a car are welcome.

[hash737]

Getting a car from bank is the worse decision one can make.

Lets say a 2 million car would cost you 2.7 million or probably more.

If one does not have enough money then srttle for a car which falls in your budget and say shukar alhamdullilah.

There is a reason interest is haraam and the car you get by bank is tainted by it.

I am posting above because my family got a car via bank and we could not somehow pay the installment in 2nd year and it all fell apart. Haath jor jor ker baichni pari thi woh bhi nuksaan per.

[aliaamar1101]

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[nifiii]

I won’t recommend you leasing. If you have the hard cash, and can buy upfront, then buy the car on cash.
The insurances and interests are there in the installments. But the car costs you very high.

[sohelahmed]

me ne rich log rote hwe dekhe hn jino ne lease ki..

[mjunaidit]

Thanks for sharing your insights and really sad to hear about your bad experience..

[mjunaidit]

From the comments, it looks like leasing is never a good option to begin with

I just wanted to see if there is an upside someone has experienced due to leasing that I may not know about and that eventually, leasing might make sense somehow...

[aliaamar1101]

This post was flagged by the community and is temporarily hidden.