Modern Australian Magazine
Men's Weekly

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Social Media: Is It Increasing Rates of Anxiety and Depression?

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7 Best Things to Do in Beaufort, Victoria

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What to Expect During Divorce Mediation & Settlement

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Navigating Disability Services in Perth: Your Questions Answered

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How Veneers and Dental Implants Work Together for Full Smile Restoration

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Gen Z’s Are Going off Grid – But Is It Sustainable?

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The Risks of DIY Air Conditioning Installation and How to Avoid Them

Air conditioning is essential in Australia, especially during the scorching summer months, when homes and workplaces can become unbearable without rel...

The Pros and Cons of Leasing A Car - Should You Do It?

  • Written by News Company


The majority of drivers will buy a vehicle with a conventional car loan. After all, the process is pretty simple – you borrow money from a lender and pay every month for a few years. Part of the payment is principal, and the rest is interest. Your level of equity is built over time until – presto! - the car is yours to do with what you want!

But another option which has become mainstream now is to lease the car. But what are the pros and cons of leasing a car exactly? Keep reading this article written by Metro Car Removal Sydney to find out all the pros and cons of leasing a car.

The Pros of Leasing a Car

At first glance, leasing has many advantages that can make it seem much more appealing than buying a car. They’re great for those who don’t want to commit to long-term financial plans and when you’re done you don’t have to go through the hassle of selling or trading your car because you don’t own it.

Some of the Pros of Leasing a Car include:

  • *  You drive the car while It is trouble-free and in good condition. A great feature to consider when you're looking for a vehicle to get some heavy work done, find more on this webpage: https://www.swissvans.com/product/ford-transit-custom-sport.

  • *  You drive a late-model vehicle that looks good and which is usually covered by manufacturer warranty. This may include free oil changes and other scheduled maintenance.

  • *  You don’t have to worry about the car’s trade-in or market value changing

  • *  You don’t have to go through the hassle of selling it when you’re done

  • *  For business owners there can be notable tax advantages of leasing a car

  • *  When you’re finished with it you just drop it off at the car dealer

  • *  The car could be a more expensive model than you can afford to buy


The Cons of Leasing a Car

Like we mentioned before – Leasing a Car also comes with its cons. The most obvious is that you never get the pleasure of actually owning the vehicle.

Some of the Cons of Leasing a Car Include:

  • *  Typically, leasing will cost more than an equivalent loan due to driving a depreciating asset

  • *  Lease contracts specify a limited distance you can drive. Going over this limit will cause penalties to incur.

  • *  There is a lot more pressure to maintain your vehicle in good condition. Not doing so will mean penalties for excess wear and tear and you drop the car off.

  • *  You typically need to bring the car back just as it was when it left the showroom

  • *  You can be stuck with high termination fees if you want to end your lease early

  • *  You get less value out of your vehicle in the long term compared to buying a car: The longer you own a vehicle after its paid of the more value you get out of it.

As you can see, there are many pros and cons of leasing a car and we’ve only mentioned just a few of them here. Whether buying or leasing a car, it is a big decision. Do your research before deciding which option is best for you.

Holidays & Travel

7 Best Things to Do in Beaufort, Victoria

Beaufort is a charming small town in Victoria’s Goldfields, full of history, natural beauty, and warm, welcoming locals. Whether you’re passing through or planning a weekend escape, Beaufort offers experiences...

Perth Airport Transfers: Choosing the Right Service

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How to Save Smart: Cheapest Travel Insurance for Schengen Visa without Cutting Corners

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Why Personalised Ornaments Make the Perfect Christmas Gift

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Slowing Down in Nature: My Experience on Orchid Classic Cruise in Lan Ha Bay

Why Orchid Classic is a Top Choice for Lan Ha Bay Lan Ha Bay, a hidden gem adjacent to the more famous Ha Long Bay, offers travelers a quieter and more...

How to Reduce Turbo Lag with an Upgraded Mazda BT-50 Exhaust System

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Surprise Party Ideas That Will Leave Your Guests Speechless

Throwing a surprise party is one of the most exciting ways to celebrate a special occasion. The thrill of keeping it a secret combined with the joy of watching the...

The Most Scenic Sailing Destinations in Australia and New Zealand

Australia and New Zealand are home to some of the world’s most breathtaking sailing destinations. With vast coastlines, pristine waters, and diverse landscapes, these countries offer incredible opportunities for sailors...

A Guide to Finding Caravans for Sale for Your Australian Road Trip

From the rugged Outback to stunning coastal drives, there's no better way to explore Australia than in a home on wheels. If you're considering joining the caravan community, you're likely...

Fashion & Beauty

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The Confidence Curve: Why Boudoir Photography Is the Empowerment Trend You Didn’t Know You Needed

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The Best Nail Art for Short Nails

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Davines Sustainable Haircare: Revolutionizing Eco-Friendly Beauty Solutions

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High Visibility Work Shirts: A Must-Have for Workplace Safety

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Polo Shirts: Wardrobe Essential for All

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