Personal Loan vs. Car Leasing

The article compares car leasing with personal loans for vehicle financing.

Disadvantages of Leasing: - The vehicle remains the lessor's property - Comprehensive insurance is mandatory - Financial flexibility is restricted - Mileage limits with overage charges - Service must occur at authorized dealerships

Advantages of Personal Loans: - You own the car! - Unlimited mileage - Freedom to purchase from dealers or private sellers - Tax-deductible interest - Flexible insurance choices