Uganda, April 18 -- Hello Juliet, the decision to lease, finance or outright purchase as a means to own a car will depend on your individual preferences and financial fortunes. Leasing gives you the benefit of driving a new car with all the latest technology while making lower, manageable monthly payments compared to financing for outright purchase. Leasing protects you against depreciation or loss of value of the car, which is usually 15 to 20 percent per annum from the day you drive out of the showroom. Vehicle leasing also protects you against depreciation as well as low resale value.

However, car leasing also comes with some disadvantages. For example, you do not get to own the car at the end of the lease. It also has restrictions on...