To buy or lease? Leasing car beneficial for business owner than individual

Besides the thrill of changing cars quite often, a higher tax deduction is available

When it comes to cars, rarely does anyone explore the option of leasing the vehicle instead of owning it. But for those who like to change cars every three-four years and don’t want the hassle of maintenance and repair, leasing can work out to be a better option.
 
Leasing offers greater convenience than owning a car. “Depending on the individual's requirement,  a leasing company can customise a package that takes care of all the inconveniences that the customer is keen to avoid,” says Prashant Puntambekar, commercial director, LeasePlan India. Once the lease is over, the person returns the vehicle