Lease: Pros and Cons
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Lease: Pros and Cons

A lease can sometimes be an alternative to borrowing money

Pros and Cons of Lease vs Loans

The key feature of a lease is that it provides a way for you to use property, but without buying it outright.

The main advantages of this for you are outlined below (we'll use the example of a car lease, for illustration):

The main disadvantages are:

When to Lease rather than Borrow

Whether to Lease or Purchase is a complex question, and involves a detailed assessment of your circumstances and requirements, the property you wish to acquire, and the offers that are available. For example, if you need a car and...

...then a lease may be suitable. However, if you...

...then a (flexible) loan might be more appropriate.

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