Car Leasing or Pre-owned
With the current COE prices hiking which indirectly affect second hand cars prices as well. Is owning a car a better option or going for car leasing would be better in this current economy.
Background: I always aspire to own a vehicle of my own since young, but seeing COE prices increasing year to year, it becomes impractical anymore. First thought, I am thinking of purchasing second hand cars left with 2yrs+ COE, just to feel I’ve achieved something i always wanted. While there are markets for car leasing to lease a car for like 1-2years, but of course you pay slightly higher monthly fees while not worrying about costs on insurance/maintenance/servicing. I’m conflicted to which is a better option for the current market situation.
Any thoughts?