Leasing Car... Worthy or Not

[mshaq]

Car leasing in current situation is not feasible.. Car prices are high and discount rate is 13.25%.. Bank will charge over 20% + insurance. I have successfully completed lease 2 times.. You need to make sure your saving is 2x more than the installment.. Remember it is saving at the month end and not the salary...

I agree with others thay buying car on cash is much better option but it depends on life preferences.

[rizwanhaider16]

Why leased a car just get personal loan, that way you will be open to sale your car whenever needed, also instalment will be less than car financing as insurance is mandatory with car financing so instalment on personal loan will be 3 4k less than leasing....

Just went through this thread and others on this topic but this, up here, is actually a very nice suggestion but is it practical enough? and what are the interest rates?

[asifkidwai1]

Well yes current market scenario it is probably not practical as car prices are sky high and you won’t get that much personal loan so yes car ijarah is better option..